Support of plan to develop new Central Banking Publication

Federal Reserve Bulletin, Summer, 2004

The Federal Reserve Board on July 26, 2004, announced plans to support the development of a new publication focused on central bank theory and practice and issued a call for research papers. The International Journal of Central Banking (IJCB) will be a joint project of the Bank for International Settlements (BIS), the European Central Bank, and each of the Group of Ten (G-10) central banks, with participation expected from other central banks. The G-10 central banks are the Bank of Canada, the Bank of England, the Bank of France, the Bank of Italy, the Bank of Japan, the Deutsche Bundesbank, the Federal Reserve Board, the National Bank of Belgium, the Netherlands Bank, the Sveriges Riksbank, and the Swiss National Bank.

The IJCB will publish refereed articles of high analytical quality for a professional audience. The journal will feature policy-relevant articles on any aspect of the theory and practice of central banking, with special emphasis on research bearing on monetary and financial stability. The 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 Board Governor Ben S. Bernanke will serve as the initial managing editor, and will work with designees from the sponsoring institutions to develop the journal. Governor Donald L. Kohn has agreed to serve as the Board's representative to the journal's governing committee.

European Central Bank economist Dr. Frank Smets and Bank of Japan policy board member Dr. Kazuo Ueda will serve as IJCB co-editors. The journal board will appoint additional co-editors as well as a small group of associate editors to help coordinate solicitation and review of articles.

The BIS will host the journal's web site, which will be accessible to readers free of charge. Print copies will be available by subscription. The IJCB sponsors held their initial meeting in July and have a goal of publishing the first quarterly issue in early 2005.