International Journal of Central Banking
Encyclopedia
The International Journal of Central Banking (IJCB) is an economic research journal which began in the 2004 decision of several Central Bank
s to create a professional journal for policymakers and researchers in the field of monetary policy
. In July 2004, the Bank for International Settlements
(BIS), the European Central Bank
, and each of the Group of Ten (G-10) central banks announced their plans to support the development of a new publication focused on central bank theory and practice. Other central banks were invited to participate in this joint project, and there are now some 50 sponsoring institutions.
From its initiation, the sponsors were committed to ensuring that the International Journal of Central Banking (IJCB) offer peer-reviewed articles of high analytical quality for a professional audience. The primary objectives of the IJCB are to widely disseminate the best policy-relevant and applied research on central banking and to promote communication among researchers both inside and outside of central banks.
Federal Reserve Vice Chairman Roger W. Ferguson Jr. first proposed the idea of such a journal and discussed the concept with several BIS colleagues and with Federal Reserve Board Governor Ben S. Bernanke, who served as the initial managing editor. John B. Taylor
, Professor of Economics at Stanford University, was appointed managing editor in September 2005. Frank Smets of the European Central Bank became managing editor in January 2008. John Williams of the Federal Reserve Bank of San Francisco
took over as managing editor in January 2011. Bank of England Chief Economist Charlie Bean
strongly supported the project, and the journal's governing body, comprising representatives from the sponsoring institutions, was established.
John Williams now serves as managing editor along with six co-editors: Douglas Gale, Harrison Hong, Rafael Repullo, Giancarlo Corsetti, Andrew Levin, and Carl Walsh. A distinguished group of associate editors work along with the journal's managing editor and co-editors to coordinate solicitation and review of articles across a range of disciplines reflecting the missions of central banks around the world. While featuring policy-relevant articles on any aspect of the theory and practice of central banking, the publication has a special emphasis on research bearing on monetary and financial stability.
The IJCB is a free publication available for download from the IJCB web site.
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Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
s to create a professional journal for policymakers and researchers in the field of monetary policy
Monetary policy
Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment...
. In July 2004, the Bank for International Settlements
Bank for International Settlements
The Bank for International Settlements is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government...
(BIS), the European Central Bank
European Central Bank
The European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,...
, and each of the Group of Ten (G-10) central banks announced their plans to support the development of a new publication focused on central bank theory and practice. Other central banks were invited to participate in this joint project, and there are now some 50 sponsoring institutions.
From its initiation, the sponsors were committed to ensuring that the International Journal of Central Banking (IJCB) offer peer-reviewed articles of high analytical quality for a professional audience. The primary objectives of the IJCB are to widely disseminate the best policy-relevant and applied research on central banking and to promote communication among researchers both inside and outside of central banks.
Federal Reserve Vice Chairman Roger W. Ferguson Jr. first proposed the idea of such a journal and discussed the concept with several BIS colleagues and with Federal Reserve Board Governor Ben S. Bernanke, who served as the initial managing editor. John B. Taylor
John B. Taylor
John Brian Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University's Hoover Institution....
, Professor of Economics at Stanford University, was appointed managing editor in September 2005. Frank Smets of the European Central Bank became managing editor in January 2008. John Williams of the Federal Reserve Bank of San Francisco
Federal Reserve Bank of San Francisco
The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states-—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington--plus the Northern Mariana Islands, American Samoa,...
took over as managing editor in January 2011. Bank of England Chief Economist Charlie Bean
Charlie Bean
Charles Richard "Charlie" Bean is Deputy Governor at the Bank of England.Bean attended Brentwood School and Emmanuel College, Cambridge, and was a contemporary of the comedian Griff Rhys Jones at both and the writer Douglas Adams at Brentwood School. He worked at Her Majesty's Treasury. He gained...
strongly supported the project, and the journal's governing body, comprising representatives from the sponsoring institutions, was established.
John Williams now serves as managing editor along with six co-editors: Douglas Gale, Harrison Hong, Rafael Repullo, Giancarlo Corsetti, Andrew Levin, and Carl Walsh. A distinguished group of associate editors work along with the journal's managing editor and co-editors to coordinate solicitation and review of articles across a range of disciplines reflecting the missions of central banks around the world. While featuring policy-relevant articles on any aspect of the theory and practice of central banking, the publication has a special emphasis on research bearing on monetary and financial stability.
The IJCB is a free publication available for download from the IJCB web site.
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