In response to the economy-crippling stagflationary era of the 1970s, the two percent inflation target was adopted by many central banks as a means of preserving purchasing power. But what are the implications of raising this target?

Former Bank of England governor Mark Carney has turned his attention to the next great emergency facing our planet: climate change

Amid all the talk of when and how to end or reverse quantitative easing (QE), one question is almost never discussed: Why have central banks’ massive doses of bond purchases in Europe and the United States since 2009 had so little effect on the general price level?

The topic of climate change has emerged as a major challenge for central banks, although its extent and the immediate consequences remain highly uncertain

World Finance interviews Mark Taylor, former foreign exchange trader and Dean of Warwick Business School, on the forex rigging scandal