US president Joe Biden has ordered government agencies, including the Federal Reserve, to develop a central bank digital currency (CBDC) proposal within seven months. The March 9 executive order gave the Fed and other agencies…
Read More
Central banks – more than ever – have to be alert and, if necessary, take action to ensure the safety and soundness of the financial system. Their reputations are on the line and it is…
Read More
Foreign dollar-denominated sovereign debt is “highly responsive” to Federal Reserve monetary policy, a paper published by the Federal Reserve finds. Simon Gilchrist, Vivian Yue and Egon Zakrajsek measure how yields on foreign government debt issued in dollars…
Read More
Central banks may wield significant fiscal power, raising the need for a debate on the limits of delegated authority, panellists at a conference hosted by the Deutsche Bundesbank said today (July 9). In a panel…
Read More
The Central Bank of West African States (BCEAO) on March 11 denied reports on social media that it plans to devalue the CFA franc. The central bank – which operates across eight West African states,…
Read More
Mexico’s central bank governor has rejected a statement by the country’s president that implicated him in a controversial loan. On August 26, in his daily press conference, Mexican president Andrés Manuel López Obrador accused the public…
Read More
The Central Bank of Iran (CBI) may be forced to print money, potentially adding to the country’s rapid money supply growth, as the government looks for ways to fill a widening gap in its finances.…
Read More
Ulrich Bindseil, Central banking before 1800: a rehabilitation, Oxford University Press, 2019, 336 pages Many of us raised in the Anglo tradition had the impression that the Bank of England (BoE) had been the first…
Read More
Conakry, capital of Guinea The Guinean military junta’s arrest of the central bank governor may be linked to a dispute over gold reserves, a media report suggested. Lounseny Nabé, the former governor of the Central…
Read More
The eurozone has been pressing ahead with research into a digital euro. European payment systems are facing profound disruption from new technology, but debate continues on whether central bank digital currency (CBDC) is the correct…
Read More