Crises enliven ‘totalitarian temptations’
The coronavirus pandemic will embolden governments and bodies such as the International Monetary Fund to grasp for more power, writes Steve Hanke by : Source link
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The coronavirus pandemic will embolden governments and bodies such as the International Monetary Fund to grasp for more power, writes Steve Hanke by : Source link
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Alfonso Prat-Gay, Argentina’s finance minister The creditors may have said yes, but Argentine president Mauricio Macri still faces an “uphill battle” to get the debt settlements on its 2001 default agreed in congress, a task…
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The Bank of England will no longer hold off-the-record briefings with individual financial firms, in a bid to increase transparency. According to a report from Reuters, the BoE said the move was a “permanent step…
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The governor of the National Bank of Slovakia, Peter Kazimir, is being investigated for bribery, according to media reports. The charges are linked to his time as finance minister in the government of former prime…
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The European Central Bank will maintain its subscribed capital at €10.8 billion ($11.9 billion) following Brexit, the ECB said on January 30, but contributions will be reallocated. The Bank of England’s departure from the European…
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The Reserve Bank of India has formed a training college for supervisors, as part of a broader attempt to strengthen its supervisory work. The college has been conducting limited teaching online since May 2020, but…
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US president Joe Biden announced he would nominate Jerome Powell for a second term as chair of the Federal Reserve Board of Governors today (November 22), ending a period of feverish speculation over the role.…
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Australia’s central bank is increasing its research into digital currencies, despite its scepticism about the case for issuing one, its head of payment policy said. The risk of private sector initiatives dominating the payment space…
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Financial and institutional banking have undergone a transformational technological shift, meaning working in real time is increasingly commonplace. This is not the case for payments and settlement, which can still take days. Baton Systems explores how…
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The increase in dollar funding costs in March might have been exacerbated by structural changes since the global financial crisis, says research from the International Monetary Fund. The cross-currency basis, a popular measure for US…
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