Showing 1 - 2 of 2
The dilemma of central banking
Business, Miao Yanliang, Published on 28/01/2020
» Low interest rates -- both nominal and real -- have been a persistent feature of advanced economies since the 1980s. How long, many now wonder, can the trend last?
China's quiet central banking revolution
Asia focus, Miao Yanliang in Beijing, Published on 25/03/2019
» Fifteen years ago, economist Alan Blinder, a former vice-chairman of the US Federal Reserve, wrote a book entitled The Quiet Revolution about changes in central banking. Chief among these was a move by some central banks toward open communication and transparency, and away from their long-held tradition of secrecy and surprise. A central bank "goes modern", to borrow from the subtitle of Prof Blinder's book, when it starts talking.