“The International Journal of Central Banking (IJCB) is an initiative of the central banking commun 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 2016 issue

Measuring Potential Growth with an Estimated DSGE Model of Japan’s Economy
by Takuji Fueki, Ichiro Fukunaga, Hibiki Ichiue and Toyoichiro Shirota

A Forecasting Metric for Evaluating DSGE Models for Policy Analysis
by Abhishek Gupta

What Determines the Credibility of the Central Bank of Israel in the Public Eye?
by Zeev Kril, David Leiser and Avia Spivak

Monetary Policy, Bank Capital, and Credit Supply: A Role for Discouraged and Informally Rejected Firms
by Alexander Popov

Money-Market Rates and Retail Interest Regulation in China: The Disconnect between Interbank and Retail Credit Conditions
by Nathan Porter and TengTeng Xu

Monetary Policy, Loan Maturity, and Credit Availability
by Lamont K. Black and Richard J. Rosen

Shoe-Leather Costs in the Euro Area and the Foreign Demand for Euro Banknotes
by Alessandro Calza and Andrea Zaghini

How to Measure the Unsecured Money Market: The Eurosystem’s Implementation and Validation Using TARGET2 Data
by Luca Arciero, Ronald Heijmans, Richard Heuver, Marco Massarenti, Cristina Picillo and Francesco Vacirca