Introduction The European Central Bank (ECB) issued its 2024 annual report on 20th February and revealed that it now has negative capital.1 What with the German elections delivering a stalemate,…
Central Bank
European regulators have focused on climate change. Specifically, the mandating of a ‘green transition’ requiring a rapid take-up of electric vehicles, ending of the sale of petrol and diesel vehicles,…
Online Articles
China’s loosening of monetary policy is so small it could be missed but it both apes the mistakes of other central banks, and breaks the global agreements it has made with them
by
Bob Lyddon
Introduction In September, the Chinese authorities announced a package of measures to stop the fall in real estate prices, encourage investment in assets other than real estate, and bolster share…
Online Articles
Taxpayer bailouts of central banks and after the Global Financial Crisis
by
Bob Lyddon
Introduction Governments made major interventions to shore up the financial system during the Global Financial Crisis, which lasted from 2007 until the end of the Eurozone crisis in 2012. These…
Online Articles
Bank of England makes the case for taxpayer bailouts of central banks: it’s mandatory
by
Bob Lyddon
Introduction The Bank of England has taken the lead amongst the world’s central banks in issuing a working paper about how central banks can replenish their capital, now that they…
IREF Newsletter
CBDCs: the hottest topic in central banking. What form of Central Bank Digital Euro should the ECB Launch?
Introduction – 130 Central Banks have CBDC Projects Since we last reported on the ECB’s thinking about CBDCs1, multiple central banks have undertaken research in designing, operating and selling CBDCs.…
IREF Newsletter
The Outlook for Europe’s banks and economies in the light of Money Supply Increases and potential Reductions
Followers of US monetary policy are raising concerns about the consequences of the Federal Reserve’s efforts to reverse the 17% growth in the money supply (M21) in the two-year period…
Online Articles
Central banks should be wobbling in their drive towards Central Bank Digital Currencies
by
Bob Lyddon
Introduction Central banks have undertaken many investigations, pilots and proofs-of-concept into Central Bank Digital Currencies (CBDCs), proving little beyond the lack of a convincing case in their favour, but unearthing…
IREF Newsletter
February’14 Newsletter: A Weak Recovery Turns Monetary Policy Into A Gamble
by
Gordon Kerr
European growth stutters along as fear of deflation exerts pressure on the ECB to loosen monetary policy further.
IREF Newsletter
October’14 Newsletter: National Debts Reappear, Old Issues Remain Unsolved
by
Gordon Kerr
Something is rotten in the European Union! It looks like a hide and seek game, where countries and banks are playing a very dangerous game for the citizens’ future. Thus, between political instabilities, stealthy defaults, unhealthy and reckless banks and a real estate market that is artificially boucing back, there are many concerns about the EU’s future.
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