Christopher Jeffery

Bank of Canada governor Stephen Poloz speaks about stagflation risks from trade wars, the importance of market signals, Canada’s CBDC plans and why he is not a fan of minutes

A new survey of Central Banking’s Editorial Advisory Board points to central banks facing existential challenges with little change in their frameworks or toolkits

BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail and use of CCyBs, highlights challenges of an asymmetric monetary system, hits out at cumbersome payments and warns Facebook’s libra cannot ‘learn as it goes’

The IMF’s financial counsellor speaks about risks from big tech’s move into fintech, the fund’s efforts to craft well-targeted policy guidance and why the current international monetary ‘non-system’ works

National Bank of Romania veteran governor speaks to Christopher Jeffery about the country’s shift to a market economy, challenges in the eurozone and independence in a ‘post-truth’ world

Former People’s Bank of China governor Zhou Xiaochuan shares his perspectives about four critical moments in China’s economic reform agenda

The president of the Federal Reserve Bank of St Louis speaks about the impact of US trade policies, the disruption to the banking industry from Silicon Valley, shrinking the Fed balance sheet and the potential for agent-based modelling

The Swiss National Bank governor speaks about currency intervention, negative rates, sovereign money and the diversification of reserves

Bank of Jamaica’s governor talks about revamping accountability, communications and operations as the central bank embraces inflation targeting

The Central Bank of Argentina governor, in his last interview before leaving office, speaks about panic in emerging markets, the IMF bailout, and bringing to an end high inflation and monetary financing

The Central Bank of Ireland governor speaks with Dan Hardie and Chris Jeffery about transparency, shadow banking, ECB succession and tackling systemic banking risk in the eurozone

The South African Reserve Bank governor spoke with Christopher Jeffery at the Central Banking Awards about the South Africa’s new president, the importance of operational independence and key targets for the IMFC

The Saudi Arabian Monetary Authority’s governor talks to Christopher Jeffery about the restructuring of the Saudi economy, the impact of low oil prices on reserves and anti-money laundering efforts

The Central Bank of Kenya governor speaks to Christopher Jeffery and Rachael King about exchange rate intervention, food prices, banking reform and financial inclusion

Google’s chief economist talks to Christopher Jeffery about how big data and machine learning are facilitating changes in economic thinking; discusses the impact technical breakthroughs may have for central banks

Monetary policy frameworks should be subjected to internal and external reviews to ensure they remain fit for purpose

Taiwan’s governor explains how pragmatic interventions have engendered two decades of financial stability, despite the island’s status as a small, open economy

Central bank governance expert says central bank transparency is getting better around the world, although New Zealand, Argentina and some Central American institutions could make improvements

The president of the Federal Reserve Bank of San Francisco speaks about the plunge in the natural rate of interest, and why it means central banks should work together to review their price stability targets

Head of reserves says political risks are more of a worry than portfolio flows; explains how Bank Indonesia’s strategy reinforces market development

St Louis Fed president James Bullard rails against east coast dominance, favours aspects of the Choice Act and says Fed monetary policy was a “factor” that fuelled crisis

Perry Warjiyo explains the central bank’s radical overhaul of monetary policy operations, market deepening and financial inclusion in Indonesia

Central banks are readying their communication strategies to mitigate a populist backlash against their post-crisis policies

The weight of expectations on the US Fed may be too high; the US is not as well placed as the UK to tackle another major crisis, says the former Fed vice-chair

Croatian National Bank governor Boris Vujčić explains why dealing firmly with NPLs via a ‘provisioning clock’ does not choke growth while detailing the benefits of ‘home-host’ dialogues, such as the Vienna Initiative

The outgoing National Bank of Ukraine governor speaks to Chris Jeffery and Dan Hardie about transforming the central bank while engaging in wartime deficit funding and completely overhauling the banking sector

Failure to reach a deal raises the risk of more entrenched protectionist positions

The Bank of Denmark governor speaks to Christopher Jeffery about the productivity paradox, defending currency pegs, unexpected limits for negative rates and addressing too-big-to-fail

The Bank of Italy governor speaks to Chris Jeffery about resolving Italy’s NPLs, Europe’s bail-in framework, the importance of QE and why the ECB needs to stop being made a ‘scapegoat’ for EMU fatigue

Political attacks on Janet Yellen and Mark Carney appear to be just the start of a sustained assault on central bank independence. It’s a battle the central bankers may lose

The Euro architect tells Christopher Jeffery that muddling from one crisis to another cannot go on endlessly. Politicians need to admit “there is no likelihood” of political union to give EMU rules a chance

The former Bank of England governor speaks to Christopher Jeffery about Brexit, radical regulatory reform, the difficulties re-balancing the European and global economies and an overhaul of the International Monetary Fund

Swift CEO Gottfried Leibbrandt speaks to Christopher Jeffery about how to restore trust in the international payments architecture following the $81 million cyber theft from Bangladesh Bank

Bank of Thailand's governor speaks to Christopher Jeffery about the resilience of the Thai economy, governance and payments infrastructure reforms, plus why he does not agree with the IMF

Calls for Bank of England governor to step down must be resisted – Mark Carney represents a vital source of stability at a time of heightened uncertainty for the UK

The European Central Bank and Europe's political leaders must meet the challenge as another front opens for European monetary stability

Bank Negara Malaysia governor Zeti Akhtar Aziz speaks to Christopher Jeffery about her three-and-a-half decades spent tackling crisis management, capacity building and governance

The governor of the South African Reserve Bank talks to Christopher Jeffery about navigating divergent monetary policies, South Africa’s new supervisory regime and nurturing new talent

The Nobel economist tells Christopher Jeffery why events in Europe have undermined neoclassical beliefs, QE is an optimal policy tool and Cyprus should not have joined the euro

The governor of the Czech National Bank speaks to Christopher Jeffery about central bank transparency challenges, lifting exchange controls, China's slowdown and flaws in Basel III.

The Nobel laureate speaks with Christopher Jeffery about his scepticism regarding secular stagnation, the eurozone’s failings and the need for inflationary fiscal stimulus at the zero lower bound

Top Chinese government officials, policy-makers and financiers offer insights into the structural transformation of the Chinese economy, financial deepening, trade and development, and the role of the renminbi in the international monetary system

Christopher Jeffery's 'fireside chat' with former IMF chief Jacques de Larosière about efforts to restore the global financial system and challenges for the eurozone at the Central Banking Awards 2015

The former World Bank chief economist tells Christopher Jeffery why a multiple currency system could increase monetary instability, China should be wary of full capital reform and infrastructure investment will boost growth

Øystein Olsen, governor of Norges Bank, speaks to Christopher Jeffery about greater transparency and governance, including managing the world’s largest sovereign wealth fund

Monetary Authority of Singapore head talks to Christopher Jeffery about Fed policy normalisation, China’s economic trials, global regulatory reforms, macro-prudential policy challenges and regional economic integration

Agustín Carstens, governor of the Bank of Mexico, speaks about the work of the IMF, tackling shadow banking and how Mexico has kept a strong economic position in the midst of the financial crisis.

Raghuram Rajan, governor of the Reserve Bank of India, speaks to Christopher Jeffery about the challenges facing emerging market central banks, spillovers and getting to know India’s new prime minister Narendra Modi.

Central Bank of the Philippines governor tells Christopher Jeffery the country is well prepared for policy changes at major central banks and calls for more research on role of financial inclusion

The Central Bank of Oman remains committed to the dollar as it moves to improve governance, liquidity management and Islamic finance in the sultanate, its executive president tells Chris Jeffery

Christian Noyer explains how he has restructured the Banque de France to enable it to become the Eurosystem’s ‘New York Fed’, while facing down a bank run and tackling the euro crisis

Central bankers around the world need to rethink their approaches to monetary policy

William White tells Christopher Jeffery he is wary of placing too much reliance on the ‘science’ of monetary or regulatory policy. He also believes the world economic system is still out of balance

Federal Reserve gets mixed scorecard for its extraordinary monetary policy and communication performance, according to panellists in Central Banking On Air debate

Peru is more insulated against shocks to its financial system than in the past but managing uncertainty has never been tougher, Central Bank of Peru governor Julio Velarde, tells Christopher Jeffery

Global co-operation on monetary policy remains out of reach

Stanley Fischer believes his work as governor of the Bank of Israel is done. He tells Chris Jeffery about the reform process in Israel as well as the challenges facing the world economy and the IMF

Hoenig tells Christopher Jeffery that Basel III is flawed, universal banks require legal separation, financial safety nets need cutting and monetary policy should move to non-zero interest rates

Lessons learned from Iceland’s crisis resulted in the IMF changing its rulebook on the use of capital controls. But the country’s change in fortunes is no ‘miracle’

Donald Kohn talks to Christopher Jeffery about the Fed’s role in the crisis, changes in central bank mandates and exit strategies, and regulatory efforts to clean up the financial system

Bank of Finland governor, Erkki Liikanen, tells Christopher Jeffery why he believes the separation of ‘risky’ activities at banks represents the third leg to ensure financial stability in Europe

Mario Draghi has made his mark at the helm of the European Central Bank. But Europe also needs a core set of values that must not be violated

The Central Bank of Myanmar is on the verge of securing operational independence and a budget that will enable it to double its headcount to help it oversee rapid economic reform

Stefan Ingves talks to Christopher Jeffery about the benefits of national regulation, the need for swift action in dealing with troubled banks and why he is against a Tobin tax in Europe

Through co-ordinated action central banks have played a vital role in avoiding financial armageddon. But Robert Shiller tells Christopher Jeffery that more joined-up thinking is required

Chief executive tells Christopher Jeffery that central bankers need to be proactive in dealing with asset bubbles. He also explains Hong Kong’s role in the renminbi's internationalisation

In 2009, China was instrumental in stabilising the global economy after the Lehman-induced financial meltdown. Don’t expect similar largesse from the world’s newest economic superpower if the major developed nations suffer a double-dip

Asian nations are becoming increasingly assertive in co-ordinating financial stability efforts in the Asia Pacific, notably via a raft of new swap agreements between the region's largest economies. Are these efforts having the desired impact?

Something has to break - either liquidity returns to the credit and funding markets or equities are due for a major tumble, even in Asia.

The spectacular growth of a narrow range of structured products instruments in Asia during the past three years has created large concentrations of same-way positions on dealers' books. Could potential hedging problems cause the house of cards to come crashing down and break Asia's buoyant equity markets? Are regulators concerned?

The US dollar yield curve has flattened to the point of inversion and the euro curve has moved in a similar direction. What does this mean for the billions of dollars in CMS spread option products sold to investors last year?

A jump in credit and equity market volatility last month could signal the end of a sustained period of market calm. How are dealers positioned to deal with severe market stress? Christopher Jeffery reports

The SEC plans to force US securities firms to tighten up their value-at-risk reporting. Its decision comes as VAR at the world’s leading financial services firms soared an average 25.8% last year. Who are the biggest risk-takers, and are risk managers worried?

What would happen if one of the world’s largest investment banks pulled out of derivatives? Risk managers at Deutsche Bank and JP Morgan Chase are already building this scenario into their stress-tests, and regulators want other banks to do the same.

Japanese investors have taken a mark-to-market hit from their investments in power-reverse dual-currency swaps. Dealers also look exposed. Is it the end of the road for PRDCs?

European dealers are clashing over the proper way to assess dividend risk in structured equity products. Some dealers say their competitors have it all wrong – and may lose their shirts.

The US and Germany are in a standoff over Basel II’s capital charge calculation for SME lending. Without a compromise this month, the issue threatens to derail implementation of the Accord and the European Directive.

The Central Bank of the Philippines governor speaks to Christopher Jeffery and Alice Shen about fintech, efforts to wean Asia off the US dollar, and why he wants to cut policy and reserve requirement rates