Bellwether's Stories | Echelon

The Problem with the Central Bank's Salary Hike

Sri Lanka central bank salary hikes insulate them from their own errors, demonstrating a lack of accountability

Central Bank Standing Facilities as Lender of First Resort: Removing Counterpart

Sri Lanka should impose counterparty limits to liquidity tools and charge a premium

Sri Lankans Deserve Better from Macro-Inflationist Central Bankers

People and politicians should protest the annual 7% inflation target, not a 3% lifetime VAT

Sri Lanka Should be Cautious About Using Cash Buffers to Push Down Interest Rates

Interest rates are high and inflation is high because of an inferior monetary anchor

SRI LANKA LEGISLATORS SHOULD DENY GOAL INDEPENDENCE TO THE CENTRAL BANK

If parliament rubber stamps a 4-6% inflation target, which has demonstrably failed.

Sri Lanka should be cautious in expanding socialist-leaning taxes

High rates and capital consumption taxes are not a substitute for monetary stability.

THE CENTRAL BANK WILL NOT BE ACCOUNTABLE AS LONG AS IT CAN PUNISH ITS VICTIMS

There is nothing in the new law to stop the SOE from acting with impunity as central banks usually do.

IMF BUDGET SUPPORT CAN HIT THE RUPEE, DENY STABILITY FOR REFORMS

If a central bank collects reserves, it cannot do inflation targeting or output gap targeting

SRI LANKA TO CONTINUE 73 YEARS OF INSTABILITY WITH PSEUDO INFLATION TARGETING

The inclusion of macro-prudential laws is an admission that money is bad.

SRI LANKA'S SOVEREIGN DEFAULT IS NOT REALLY CHINA'S FAULT

Politicians must control the economists in the reserve-collecting central bank by taking away their powers to print money

SRI LANKA MACROECONOMISTS IGNORE SOUND MONEY, POLITICIANS, PEOPLE PAY THE PRICE

Best advice from the economic architect of Singapore discarded in favour of depreciation, flexible regimes.

SRI LANKA'S 'EXPORT ORIENTED' POSTER-CHILD VIETNAM IN CURRENCY TROUBLE

Non-rules based flexible exchange rate policy and their inevitable consequences.

SRI LANKA'S CB CREATOR JOHN EXTER'S PRAISE OF CURRENCY BOARDS

In 1968 with Bretton Woods' soft-peg hanging on a thread, the advantages of currency boards had become clear.

SRI LANKA'S TRAGEDY AND THE LOST WISDOM OF D S SENANAYAKE ON GREECE AND CHINA

A politician sounded the first warning on the day Sri Lanka's central bank was created.

SRI LANKA'S MOST URGENT TASK IS TO RESTORE MONETARY STABILITY

Restoration of a working peg or float will bring down interest rates

CENTRAL BANK GOVERNORS HAVE TO BE RESTRAINED BY LAW, NOT GIVEN MORE INDEPENDENCE

The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be restrained by law

SRI LANKA HAS TO WORK FAST TO CONTAIN MULTIPLE DEFAULTS AS TANZI BITES.

Sri Lanka has to work quickly to establish a clean float and contain defaults on multiple defaults that can be triggered if foreign exchange shortages persist from low policy rates and deadly surrender requirements.

SRI LANKA SHOULD HIKE RATES BEFORE A FLOAT

A rate hike and float will end forex shortages in a short time

PARALLEL DOLLARIZATION CAN REDUCE RATE SPIRAL, MELTDOWN FALLOUT

Exporters, hotels, and forex earners should be allowed to pay taxes and settle utility bills in US dollars.

features,opinion

IS SRI LANKA STABILIZING, OR WILL THE RUN ON THE CENTRAL BANK AND TREASURY CONTINUE?

A Bellwether FAQ on the dangerous lack of note-issue banking know-how

Most Popular