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March 1, 2023

Economics
The World Bank Stepped Up During the Pandemic

The World Bank (and the IMF) should get credit for increasing their lending to the world's poorest countries during the pandemic. But without additional action, net flows to developing economies will…

The World Bank Stepped Up During the Pandemic

January 17, 2014

Sub-Saharan Africa
Nigeria’s Central Bank Governor to Stay

According to the Nigerian media on January 9, an angry President Goodluck Jonathan asked the governor of the Central Bank, Lamido Sanusi, to resign immediately. Sanusi’s term is up in June, and he ha…

Nigeria's central bank governor Sanusi Lamido Sanusi attends an interview with Reuters at the World Islamic Economic Forum in London October 30, 2013.

December 8, 2004

Budget, Debt, and Deficits
The central bank bid

It seems like America’s biggest creditors stepped up to the plate today. China’s rapidly growing reserves have to go somewhere ... From Bloomberg:"So-called indirect bidders, which include the forei…

October 20, 2016

Monetary Policy
Large Scale Central Bank Asset Purchases, Versus Supply

In earlier posts, Emma Smith and I added up central bank purchases of G-4 government bonds. This includes emerging market, Japanese and Swiss purchases for reserve accumulation and purchases by the F…

us-demand-supply

October 27, 2014

Europe
European Banks: Balance Sheet Clarity But A Cloudy Future

The European banking assessment results, released yesterday, were generally well received by markets. The test looked like earlier U.S. and Spanish stress tests in terms of structure, the results wer…