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Tag Archives: Bank of England
Will the Brits go negative?
A little over a year ago, I argued that the Federal Reserve should consider charging banks for the privilege of holding their reserves. The reasoning for this is straightforward: charging interest on banks (instead of paying interest, as the Fed … Continue reading
Posted in Financial Crisis, monetary policy
Tagged Bank of England, excess reserves, Federal Reserve, Paul Tucker
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Wanted: Central Banker
A couple of weeks ago, the Economist magazine ran an unusual “help wanted” ad. The Governor of the Bank of England, Sir Mervyn King, will retire in June and the British government is looking for a replacement. On the one … Continue reading
Playing Chicken in the City (Chicken à la King?)
It looks the banking news from Britain will continue to be interesting for a while. The Treasury and Bank of England Governor Mervyn King are lining up in support of the as-yet unreleased report of the UK Independent Commission on … Continue reading
