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.

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March 2013 issue

Cover and contents

Introduction

Term Structure Modeling with Supply Factors and the Federal Reserve's Large-Scale Asset Purchase Programs
  by Canlin Li and Min Wei
Discussion
  by Mark Loewenstein

The Impact of Policy Initiatives on Credit Spreads during the 2007-09 Financial Crisis
  by Alan M. Rai
Discussion
  by Jialin Yu

A European History Lesson for Today's Central Bankers
  by Hanno Lustig

Monetary Policy, Macroprudential Policy, and Banking Stability: Evidence from the Euro Area
  by Angela Maddaloni and José-Luis Peydró
Discussion
  by Egon Zakrajšek

Banks' Equity Capital Frictions, Capital Ratios, and Interest Rates: Evidence from Spanish Banks
  by Alfredo Martín-Oliver, Sonia Ruano, and Vicente Salas-Fumás
Discussion
  by Gianni De Nicolò

Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses
  by D. Filiz Unsal

Commentary on Macroprudential Policies
  by Gianluca Benigno

Closing Comments: Hong Kong's Approach to Financial Stability
  by Dong He