The decade since the global financial crisis has redrawn the policymaking frontier of central banks. As institutions they now devote an increasing amount of resources to this area which incorporates macro-prudential and micro-prudential policies and oversight of financial market infrastructures (FMI). Importantly, they now have the toolkit to match their responsibilities: tools designed to strengthen balance sheets, cool markets and resolve failing institutions safely.

Central Banking’s reporting takes in not only the latest in policy but also reports and surveys from international organisations. A comprehensive coverage is enhanced by longer articles offering new thinking, often from central bankers themselves, and comparative analysis. In depth interviews with policymakers challenge policies and offer a platform to explain approach in detail.

View Financial Stability articles

The science of economics underpins the macroeconomic policies of central banks. Yet as a science, it is changing with new thinking challenging orthodoxies and new models enhancing understanding.

The markets, too, are changing and it is this interplay of these two dynamics which informs Central Banking’s reporting and more detailed articles. Beyond macroeconomics, there is a recognition that central banking has much to learn from branches and related disciplines, notably game theory, behavioural finance and network theory.

Central Banking publishes contributions from leading thinkers, including Nobel-Prize winners, and has recognised the importance of this area in its annual “Economics in Central Banking” Award, previous winners of which include Claudio Borio and John Taylor.

View Economics articles

Who has a new governor? How are decisions made? How is a central bank run? Traditionally, these questions about a national institution would have remained that: national. No longer. Increasingly, central bankers around the world look to benchmark the performance against the peers.

Market players and stakeholders know that a better understanding of the inner workings of a central bank will lead to better understanding an anticipation of policy. From people to profits, mandates to management, ownership to outsourcing Central Banking offers the only global coverage of the business of central banking: how effective they are, how efficient they are and how they are changing.

View Governance articles

Holdings of foreign exchange and gold have always been an important element in a central bank’s armoury. And important movers of markets. Yet the explosion in global reserves over the past two decades and the historically low yields more recently have significantly impacted the work of reserve managers and the markets they operate in. Increasingly they are looking to new markets (equities) and at new currencies (renminbi).

Central Banking’s reporting and analysis of latest developments draws on more than ten years of its National Asset-Liability Management conferences and its Reserve Management Trends surveys, the only regular, first-hand, and publically available reporting on the actions and expectations of reserve managers.

View Reserves articles

A central bank’s currency is it’s calling card. To this day, the billions of banknotes in circulation remain the most immediate and regular means of contact most people have with their central bank. Yet a central bank’s influence in currency extends beyond this paper (or, increasingly, plastic) product. Central banks are providers, overseers and consumers of electronic payment services and take an active interest in distributed ledger technologies.

The technological changes taking place in these areas and the stakeholder communities make currency one of the most dynamic areas. Central Banking’s team reports new developments in notes and payments and longer in depth articles explore the implications of new technologies for those responsible for currency and payment in central banks and the industries that support them.

View Currency articles