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Central Banks

2 GoKawiil briefs on this topic

Nobel Economics Prize goes to Robert Hall and Michael Woodford for stabilization policy research

Robert E. Hall and Michael Woodford have been awarded the 2026 Sveriges Riksbank Prize in Economic Sciences for their work on stabilizing economies against damaging swings in inflation, growth and employment. The Nobel committee said their research built a new theoretical foundation now used by central banks and finance ministries worldwide, and the pair will share 12 million Swedish kronor (about $1.2 million).

Foreign Central Banks Pull Back on US Treasuries as Hedge Funds Fill Gap via Offshore Hubs

Treasury Department data shows foreign official holdings of US Treasuries fell to $3.77 trillion in July, roughly the same level as 2012, even though total Treasury debt outstanding has tripled since then. Their share of marketable Treasuries has dropped to 12.8%, the lowest since 1993, while overall foreign holdings—including private investors—still hit $9.25 trillion, buoyed by activity in offshore financial centers like the Cayman Islands.