Move over Greenspan/Bernanke/Powell Put, time to look at Das Put?

Mint op-ed piece today: A $5-billion, three-year dollar-rupee swap by the central bank with commercial banks to primarily increase “durable” liquidity in the system is bound to have multiple ripple effects. The first obvious outcome will be a definite increase in liquidity when RBI buys dollars and releases rupees in the market. Second, the surge of liquidity, combined with a downward pressure on premiums for near-term forward contracts, will...

Average Interest Rates by Type of Deposit

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Basel III Monitoring Report

Summary of document history   Previous version Previousconsultation This version Subsequentconsultation Subsequentversion Basel III Monitoring Report 4 Oct 2018 Type:  QIS Status:  Superseded...

The Chicago Booth Survey on MMT

I want to say a few things about Chicago Booth's recent survey questions posed to a set of economists; see here. The survey asked how strongly one believes in the following two statements: Question A: Countries that borrow in their own currency should not worry about government deficits because they can always create money to finance their debt. Question B: Countries that borrow in their own currency can finance as much real government...

Transparency requirements of EU Securitisation Regulation to be incorporated into Eurosystem collateral framework

PRESS RELEASE22 March 2019Eligibility requirements for loan-level data reporting in collateral framework to be adjusted to reflect EU Securitisation Regulation’s disclosure requirementsEligibility criteria for asset-backed securities to change at a future date, dependent on fulfilment of certain conditionsPhasing-in of new loan-level data requirements will be gradual and will facilitate continued eligibility of transactions fulfilling current...

The work of measuring work

Measurement is on my mind. Partly because of the passing of Alan Krueger (credited with having a major influence on the development of empirical research – notably his influential book Myth and Measurement). But also because a couple of weeks ago, I attended an all-day brainstorming meeting on “Methods and Measurement” hosted by Global Poverty ...

Money Supply 2014-07-29 13:41:38

This blog will no longer be updated. Our thoughts on all things central banking, along with the more wonkish elements of economic policy, will appear on Alphaville and The World blog. Thank you for reading. You can keep in touch using our author alerts and twitter.

Deciphering Americans’ Views on Cryptocurrencies

Sean Hundtofte, Michael Lee, Antoine Martin, and Reed Orchinik Having witnessed the dramatic rise and fall in the value of cryptocurrencies over the past year, we wanted to learn more about what motivates people to participate in this market. To find out, we included a special set of questions in the May 2018 Survey of Consumer Expectations, a project of the New York Fed’s Center for Microeconomic Data. This blog post summarizes the...

Reserve Bank presented with award for the Bank Financial Strength Dashboard

Release date 14 March 2019 The Reserve Bank has received the ‘Initiative of the Year’ award for the Bank Financial Strength Dashboard at the Central Banking Publications annual awards. Head of Financial System Policy Analysis Toby Fiennes accepted the award on behalf of the Reserve Bank at a ceremony in London overnight. Mr Fiennes said it was a real honour for the Dashboard to be recognised internationally. The award is a...

Balance Sheet News

The FOMC minutes for the January 29-30 meeting, released yesterday, contain some important information about the Fed's balance sheet, and plans for the FOMC's future operating strategy. Let's unpack this, to try to understand what they're up to.The key information is in the section in the minutes on "Long Run Monetary Policy Implementation Frameworks." This section deals with presentations from staff economists (in part from the...

Indy Voices post on Corbyn’s Brexit talks conditions

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Transparency requirements of EU Securitisation Regulation to be incorporated into Eurosystem collateral framework

PRESS RELEASE22 March 2019Eligibility requirements for loan-level data reporting in collateral framework to be adjusted to reflect EU Securitisation Regulation’s disclosure requirementsEligibility criteria for asset-backed securities to change at a future date, dependent on fulfilment of certain conditionsPhasing-in of new loan-level data requirements will be gradual and will facilitate continued eligibility of transactions fulfilling current...

Indy Voices post on Corbyn’s Brexit talks conditions

Link here. Advertisements

Fellowship Program

Deciphering Americans’ Views on Cryptocurrencies

Sean Hundtofte, Michael Lee, Antoine Martin, and Reed Orchinik Having witnessed the dramatic rise and fall in the value of cryptocurrencies over the past year, we wanted to learn more about what motivates people to participate in this market. To find out, we included a special set of questions in the May 2018 Survey of Consumer Expectations, a project of the New York Fed’s Center for Microeconomic Data. This blog post summarizes the...

Reserve Bank presented with award for the Bank Financial Strength Dashboard

Release date 14 March 2019 The Reserve Bank has received the ‘Initiative of the Year’ award for the Bank Financial Strength Dashboard at the Central Banking Publications annual awards. Head of Financial System Policy Analysis Toby Fiennes accepted the award on behalf of the Reserve Bank at a ceremony in London overnight. Mr Fiennes said it was a real honour for the Dashboard to be recognised internationally. The award is a...

Basel III Monitoring Report

Summary of document history   Previous version Previousconsultation This version Subsequentconsultation Subsequentversion Basel III Monitoring Report 4 Oct 2018 Type:  QIS Status:  Superseded...

Money Supply 2014-07-29 13:41:38

This blog will no longer be updated. Our thoughts on all things central banking, along with the more wonkish elements of economic policy, will appear on Alphaville and The World blog. Thank you for reading. You can keep in touch using our author alerts and twitter.