Bank of England Quarterly Bulletin 2013 Q2. Contents of Quarterly Bulletin 2013 Q2 Each article is available as a separate pdf file; click on the appropriate title to access the relevant file. Alternatively you may download the complete issue. Complete issue (3.17MB) Topical articles Research work published by the Bank is intended to contribute to [...]
Her Majesty the Queen has been pleased to approve the appointment of Mark Carney as Governor of the Bank of England from 1 July 2013. He will succeed Sir Mervyn King. Welcoming the appointment, the Governor, Sir Mervyn King, said: I am delighted to welcome Mark Carney as my successor. He represents a new generation [...]
By Andrew Bailey, Executive Director and Member of the Financial Policy Committee, Bank of England; Managing Director of the Prudential Business Unit, FSA. Thank you for inviting me to speak today. I want to talk about the challenges bank supervisors face in determining the appropriate approach to assessing the capital requirements for banks. Scarcely a [...]
What should central banks do when politicians seem incapable of acting? Thus far, they’ve been willing to step into the breach. By Raghuram Rajan, Professor of Finance at the University of Chicago Booth School of Business. What should central banks do when politicians seem incapable of acting? Thus far, they have been willing to step [...]
Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 6 September 2012. Introductory statement. Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended [...]
Too big to fail: some empirical evidence on the causes and consequences of public banking interventions in the United Kingdom. By Andrew K Rose and Tomasz Wieladek. Summary. Beginning in late 2007, the public sector around the world helped their struggling financial sectors in a number of different ways. Some banks were offered government funding [...]
By Kate Barker.* Major institutional reforms to macroeconomic policy are being introduced even as the UK economy struggles in the aftermath of the financial crisis. But do these reforms measure up? Will they support recovery and protect us from the next crisis? The new regime, which divides responsibility among the Monetary Policy Committee, the Financial [...]
Speech by Mr Ben S Bernanke, Chairman of the Board of Governors of the Federal Reserve System: Financial education, August 2012. Good afternoon and welcome. I am delighted to have the opportunity to speak today with educators throughout the country on the topic of financial education. Thank you for your participation and for the important work [...]
Introductory statement to the press conference. By Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB. Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the [...]
Financial markets want the ECB to put its strong words of support into action when it meets in Frankfurt this week. Mario Draghi, president of the European Central Bank, has said the ECB will do ‘whatever it takes’ to safeguard the euro. Photograph: Alex Domanski/Reuters Mario Draghi’s blunt statement that the ECB will do “whatever [...]