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.

March 2023 issue

Cover and contents

LSIs' Exposures to Climate-Change-Related Risks: An Approach to Assess Physical Risks
Maria Sole Pagliari

Transmission of Global Financial Shocks: Which Capital Flows Matter?
Bada Han
Online appendix

International Spillovers of Monetary Policy: Conventional Policy vs. Quantitative Easing
Stephanie E. Curcuru, Steven B. Kamin, Canlin Li, and Marius Rodriguez

Targeting Financial Stability: Macroprudential or Monetary Policy?
David Aikman, Julia Giese, Sujit Kapadia, and Michael McLeay

Bank Lending and the European Debt Crisis: Evidence from a New Survey
Andrea Orame

The Natural Rate of Interest in a Non-linear DSGE Model
Yasuo Hirose and Takeki Sunakawa

The Euro and Price Convergence in Central and Eastern Europe
Filip Lurka and Paul Kattuman

Monetary Policy and Stock Market Valuation
Olli-Matti Laine
Online appendix 

Container Trade and the U.S. Recovery
Lutz Kilian, Nikos Nomikos, and Xiaoqing Zhou
Online appendix 

Global Confidence, Uncertainty, and Business Cycles
Jongrim Ha and Inhwan So
Online appendix