Speech/Debt Management
PBoC deputy says Iran war has worsened EMEs’ debt burden
Xuan Changneng calls for better global sovereign debt frameworks
ECB’s Constâncio calls for eurozone to cut back on debt
ECB vice-president says deleveraging has proceeded slowly so far due to growth concerns; emphasises debt reduction ought to be done using diverse measures, but says primary surpluses are key
RBA’s Debelle sees mixed future for bond markets
Guy Debelle says corporate bond issuance will remain ‘subdued’ in the near term as large Australian companies have ‘accumulated significant cash balances’
RBA's Stevens says exchange rate disconnected from fundamentals
RBA governor Glenn Stevens says Australia's current exchange rate is not supported by the country's relative levels of costs and productivity
Buba’s Weidmann on the virtues of sound finances
Bundesbank president stresses the need for fiscal rectitude in monetary union
Chile’s Vergara draws parallels between LatAm and eurozone crises
Governor of the Central Bank of Chile says Latin America’s sovereign debt crisis of the 1980s has similarities with current situation in eurozone; despite ‘lost decade’, better policies resulted
Serbian vice-governor seeks bond market progress
Veselin Pješčić encourages development of the Serbian debt market through more products and wider activity
Irish deputy governor calls for fiscal surpluses
Stefan Gerlach analyses different approaches to debt reduction; finds fiscal surpluses are the most suited to the current financial environment
RBNZ governor weighs impact of debt burden on growth
Alan Bollard says large accumulation of private debt prior to financial crisis contributing to a ‘tepid’ recovery; argues a rebalancing of the economy is still to come
Israel’s Fischer calls for government to cut deficit
Stanley Fischer says Israeli government must cut its budget deficit to prepare for possible economic shocks from Europe; argues government should aim for deficit of 2.5% of GDP
Central Bank of Barbados hears from former Chinese politician
Cheng Siwei discusses high savings in China and explains delicate balancing act at play in the country's fast-developing economy
Ireland’s Honohan laments indebtedness in the country
Patrick Honohan says sorting out the debt troubles of the Republic of Ireland is a matter of 'immense national importance'
Praet discusses lessons from the crisis
ECB executive board member says speed at which imbalances result in systemic risks is a major lesson to learn; talks of emerging new Europe
Government debt no longer risk-free: Canada’s Macklem
Bank of Canada senior deputy governor Tiff Macklem says government debt in advanced countries is unlikely to regain its risk-free status
Private sector involvement in Greece may be harmful: ECB’s Bini Smaghi
European Central Bank executive board member Lorenzo Bini Smaghi says private sector involvement is fraught with complications
Uganada’s Tumusiime-Mutebile on reforming debt markets
Bank of Uganda governor Emmanuel Tumusiime-Mutebile calls for greater participation of brokers in debt markets
IMF’s Lipsky calls for major US fiscal consolidation
IMF first deputy managing director, John Lipsky, says measures to ease debt burden in Unites States could have broader benefits for global recovery
Non-government bond market recovery slow: Australia’s Debelle
Reserve Bank of Australia assistant governor Guy Debelle says spreads on non-government bonds remain high
Caruana’s three policy challenges
Bank for International Settlements’ general manager outlines the key problems with which policymakers must grapple
Kenya moves to automated treasury trading – Ndung’u
Kenyan governor Njuguna Ndung’u says automated trading system is an important development for treasury bonds
Debt managers responded to crisis with flexibility
National Bank of Denmark’s Jens Thomsen says debt management offices better accommodate investors’ needs as a result to the crisis