Articles by Central Banking Newsdesk
Mersch says ABS could help eurozone back to health
Addressing the Ifo Institute in Munich, ECB executive board member Yves Mersch said asset-backed securities have a bad reputation but a role to play in the European economic recovery
Dutch paper finds Germans ‘substantially more cash oriented’ than other nationalities
Researchers consider why cash is still ‘heavily used’ for low-value payments in Europe; attributes German consumers' continued use of cash to ‘precautionary’ reasons
Fed consults over financial stability implications of commodities investment
Financial firms' involvement in commodity markets could pose a risk to financial stability, particularly in the event of a natural or environmental disaster
Fisher says Fed must stop QE ‘as soon as feasible'
Exit from quantitative easing is ‘daunting' according to Dallas Fed president Richard Fisher, who compared it yesterday to passing a camel through the eye of a needle
Four more countries have ‘systemically important' financial sectors, says IMF
New methodology qualifying countries for IMF's financial sector assessment programme means Denmark, Norway, Poland and Finland will now undergo regular check-ups
Central Bank of Venezuela seen in debt reshuffle
The central bank will reportedly buy securities from the country's mining corporation with debt accumulated from the state-owned oil company
Inclusion of 'spatial effects' help explain Colombian money market spreads, central bank paper argues
Traditional factors like 'size and leverage' insufficient to explain borrowing spreads, argues paper, which is 'first attempt' to model Colombian money market within a spatial econometrics framework
Trichet calls on Troika to ‘gradually disappear’
Former ECB president Jean-Claude Trichet defends the central bank’s role in the Troika; says the group should be phased out as policy-makers move away from curing crises and towards preventing them
Belarussian presidential decree sets out 2014 forward guidance
Belarus central bank's key refinancing rate will average between 14% and 16%, according to monetary policy guidelines approved by the president; exchange rate will be based on market forces
US Congress fails to sign off on IMF reforms
Sweeping modernisation package put together by G-20 in 2010 stopped in its tracks as House of Representatives declines to double quota increase and thus ratify changes to fund's governing structure
Emerging Asia must reform to keep growing, says IMF research
China and India have recently exhibited a decline in total factor production growth; demographic factors will be more supportive in India and some Asean economies than in China
RBI’s Mohanty lays out approach to rising food prices
The Reserve Bank of India will have to perform 'a careful balancing act' if it steps in to mitigate rising food prices, says executive director Deepak Mohanty
Nigeria's Sanusi to serve out full term after ‘reconciling' with Jonathan
Nigerian central bank governor and president said to put aside their ‘differences' after Goodluck Jonanthan reportedly demanded Sanusi's immediate resignation for allegedly leaking politically sensitive information
Bundesbank paper finds benefits in concentrated bank lending
Researchers find that banks with more concentrated credit portfolios have lower expected write-offs and unexpected risk than their counterparts
Real exchange rates determined by 'cointegrated' factors, Bofit paper finds
Evidence suggests sectoral total factor productivity differentials, real interest rate differentials and real gold prices explain movements in bilateral US real exchange rates between 1970-2006
Basel Committee publishes leverage ratio definition
Basel Committee agrees common definition for simple bank leverage ratio; discussions set to continue over the appropriate required level
ECB unveils new €10 note
Yves Mersch presents the design of the new €10 banknote in Frankfurt; equipped with new security features to help keep rising counterfeit rates in check
MAS says lack of global regulatory standard for virtual currencies cause for concern
Singapore's monetary authority and chief financial regulator singles out the likes of Bitcoin as a potential conduit for illicit activities, in survey on money laundering and terrorism financing
Bank of Albania paper trials CAB approach to estimate fiscal position
Bank of Albania economist applies cyclically-adjusted budget balance approach to estimate country's fiscal position, finding fiscal policy to be pro-cyclical
BoJ’s Shirai warns against rush for 2% inflation at all costs
Sayuri Shirai says it ‘may be appropriate’ to take longer than two years to meet the central bank’s inflation target of 2%; stresses the importance of achieving the goal in a ‘stable’ manner
Philippines governor recounts emergency measures after Typhoon Haiyan
Amando Tetangco also says the central bank is well-equipped to deal with financial turbulence in the coming year
ECB deflects parliament questions on troika
European Central Bank publishes response to a European Parliament questionnaire on the financial assistance programmes brokered by the troika; Irish governor praises ‘rigorous adherence’ to fiscal goals
Stanley Fischer nominated Fed vice-chair
US President also nominates Lael Brainard, a former US Treasury under-secretary, to the Federal Reserve board, while Jerome Powell, on the board since 2012, is nominated for a second term
Disappointing jobs report raises questions over Fed forward guidance
US unemployment falls toward Fed ‘threshold' of 6.5%, but few new jobs are added; confusing result raises questions for how - or whether - the Fed will proceed with its 'taper'