RELATED CONTENT : Central Bank

  • Otaviano Canuto on Bloated Central Bank Balance Sheets
    April 14, 2021
    When the global financial crisis hit the international economy in 2008, central banks in major advanced economies widened their range of monetary policy instruments, increasingly resorting to unconventional tools. Initially to avoid a deepening of the financial destabilization and bankr...
  • Happy New Year?
    Authors
    Uri Dadush
    December 23, 2020
    This article was originally published on Bruegel  A recovery from the COVID-19 recession is underway though the suffering is far from over, especially for the most vulnerable. Inequality is both a consequence of the pandemic and a cause of its severity. Many countries need comprehensive policy change to address its worst effects. At the end of a tragic year marked by pandemic and increased poverty, the miraculously rapid arrival of vaccines stirs great hope. The COVID-19 ...
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    The Role of a Flexible Foreign Exchange System in Macroeconomic Adjustment: The Case of Morocco.
    Authors
    Abdelaaziz Ait Ali
    January 1, 2019
    Morocco has moved towards a more flexible exchange rate system, by widening its currency fluctuation bands to +/- 2.5% around a central price. This transition will, in time, equip the Moroccan economy with a macroeconomic instrument acting as a shock absorber and facilitating rapid adjustment at lower costs. In the absence of such a mechanism, adjustment to macroeconomic shocks at times requires a contraction in demand and thereby a cyclical downturn in growth to restore external ba ...
  • The Mist of Central Bank Balance Sheets
    Otaviano Canuto
    April 24, 2017
    This podcast is performed by Mr. Otaviano Canuto. Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of bala ...