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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.

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

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 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…

December 21, 2008

Monetary Policy
The central bank flight to safety

Floyd Norris of the New York Times highlights a theme that I have touched on many times: foreign demand for US assets with any hint of credit risk has disappeared. Foreign demand for US corporate …

The central bank flight to safety