Emerging markets
IMF should have come to emerging markets’ rescue: DSK
International Monetary Fund managing director Dominique Strauss-Kahn says it should have been the Fund, not the Fed and other central banks, which provided swap lines to emerging markets in the crisis
Emerging markets need a voice: Krueger
Ex-IMF first deputy managing director Anne Krueger writes that countries such as India and China must have a presence of the international stage reflecting their weight in the global economy
Australia has learnt to deal with mining booms: Battellino
Reserve Bank of Australia deputy governor Ric Battellino says floating exchange rate, refined monetary and fiscal frameworks key to coping with demand surge
Fiscal cuts must precede monetary tightening: IMF
International Monetary Fund notes fiscal consolidation is by far the biggest concern; suggests central banks maintain large balance sheets for time being
Bank of Canada Review (Winter)
Winter edition of bulletin contains articles on inflation persistence, capital flows in emerging markets and the accessibility of banknotes
IIF sees sharp rise in emerging-market capital flows
Significant about-turn sees anticipated flows leap above 2008 figures; pick-up most marked in emerging Europe
Norway’s SWF looks to emerging markets
Government Pension Fund-Global, the Norges Bank-run oil fund, thrived in the crisis as a result of its equity-laden and highly diversified portfolio, says government investment chief
Asset fire sales spread shock to emerging markets
A paper from the Centre for Economic Policy Research shows that financial shocks spread from developed to emerging economies through portfolio reallocations in the crisis
Leverage and productivity in emerging European economies
A Centre for Economic Policy Research paper published in December argues that while moderate leverage increases growth, excess leverage can dampen it
Bank of Finland Bulletin (December 2009)
The Finnish central bank acknowledges the weakness of the economic recovery and explains why the domestic economy has been particularly affected by the crisis
Influences on crisis fighting in emerging markets
International Monetary Fund examines why some emerging-market economies took special-liquidity-easing measures during the crisis
US must adapt to maintain role in global debate: NY Fed VP
New York Federal Reserve’s Checki notes US’s hand in global developments is not as strong as it once was; says policy must reflect this
Controls cannot curb currency appreciation
Emerging markets must recognise the need to let their currencies appreciate, Ousmène Mandeng and Jerome Booth of Ashmore Investment Management argue
Recovery will be fragile and unpredictable: Bank’s Sentance
Bank of England’s Andrew Sentance says also that fiscal consolidation may not be as bad as expected
ECB’s Bini Smaghi urges emerging Asia to hike rates
European Central Bank executive board member calls on region to recognise that it should be the first to tighten policy
Bank Negara comes of age
Governors from five continents joined Bank Negara Malaysia in February to commemorate its 50th birthday. Claire Jones reports