International Journal of Central Banking (IJCB)

The International Journal of Central Banking (IJCB) is an initiative of the central banking community.

Published quarterly, the journal features articles on central bank theory and practice, with a special emphasis on research relating to monetary and financial stability. The main objectives of the International Journal of Central Banking are:

  • to disseminate widely the best policy-relevant and applied research that reflects the missions of central banks around the world across a range of disciplines; and
  • to promote communication amongst researchers both inside and outside of central banks.

June 2019 issue

Cover and contents

The Tradeoff between Monetary Policy and Bank Stability
   by Martien Lamers, Frederik Mergaerts, Elien Meuleman, and Rudi Vander Vennet

Asset Price Spillovers from Unconventional Monetary Policy: A Global Empirical Perspective
   by Domenico Lombardi, Pierre L. Siklos, and Samantha St. Amand
   Online appendix

Estimating a Phillips Curve for South Africa: A Bounded Random-Walk Approach
   by Alain Kabundi, Eric Schaling, and Modeste Some

Liquidity Risk and Collective Moral Hazard
   by Diana Bonfim and Moshe Kim

Mixed-Frequency Models for Tracking Short-Term Economic Developments in Switzerland
   by Alain Galli, Christian Hepenstrick, and Rolf Scheufele
   Online appendix

Currency Option Trading Strategies as an Alternative Tool for Central Bank Foreign Exchange Interventions
   by Helena Glebocki Keefe and Erick W. Rengifo

External Shocks, Banks, and Optimal Monetary Policy: A Recipe for Emerging Market Central Banks
   by Yasin Mimir and Enes Sunel
   Online appendixes

International Monetary Policy Coordination through Communication: Chasing the Loch Ness Monster
   by Serkan Imisiker and Bedri Kamil Onur Tas