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Cœuré calls for greater risk-sharing in eurozone
ECB's Benoît Cœuré calls for greater risk-sharing within eurozone to help place euro on sustainable footing
Shirakawa pays respects to former Bank of Japan governor
Masaaki Shirakawa remembers former governor Yasushi Mieno who passed away in April; calls him a man of “courage and thoughtfulness”
Praet places onus on governments to resolve sovereign debt crisis
ECB executive director and de facto chief economist says it is up to governments to resolve the sovereign debt crisis in the eurozone; says some progress is being made
ECB’s Financial Stability Report highlights need for cross-border co-operation on OTC derivatives supervision
Global nature of the OTC derivatives market and risks of regulatory arbitrage cited as reasons for need to adopt cross-border and cross-sector approach to regulation
St Louis Fed paper finds cause of slope changes in rates term structures
Federal Reserve Bank of St Louis working paper explores the links between total factor productivity news shocks and the slope of the term structure of interest rates, finding the two are closely related
Bank of Lithuania survey shows improvement in mortgage arrears
The level of mortgage arrears has improved in Lithuania as debtholder sentiment improves, according to central bank survey
BIS research finds greater data sharing needed to monitor systemic risk
Bank for International Settlements working paper says more data sharing is needed at individual bank level to better monitor systemic risk
IMF sounds warning over European deleveraging
Lagarde hopes to ‘significantly’ increase resources available to the IMF during spring meeting; Financial Stability Report also recognises need for increased firewall as deleveraging rages on in Europe
Brazil slashes benchmark rate again
Central Bank of Brazil again cuts benchmark rate by 75 basis points; new 9% rate close to country’s all-time low rate
Iranian central bank escapes Swiss sanctions
Swiss authorities stop short of freezing assets of Central Bank of the Islamic Republic of Iran; note the institution's importance to the country's economy in reaching the decision
Shirakawa says central banks not responsible for structural issues
BoJ governor Shirakawa says the structural reforms that must accompany refinancing operations cannot be achieved by central banks
Kansas Fed Economic Review discusses barriers to mobile payments in US
Kansas Fed’s latest economic review discusses supply- and demand-side issues limiting the use of mobile payments in the US
Constâncio calls for 'co-operation' on data sharing by Eurosystem institutions
Vítor Constâncio says co-operation needed between Eurosystem institutions on data sharing; adequate security measures needed to safeguard interaction
Norges Bank working paper studies sovereign risk contagion
Norges Bank working paper researches sovereign risk contagion using CDS spreads in major euro area countries
Bank of Lithuania warns of stained banknotes after ATM theft
Bank of Lithuania advises against accepting banknotes stained with ink; fears raised that such notes could be result of ATM theft in the country
Bank of Canada strikes positive note in policy report
Latest Monetary Policy Report from the Bank of Canada sets out better than expected economic momentum; inflation risks balanced and stimulus withdrawal ‘may become appropriate’ says report
Spain's Ordóñez renews call for government action
Bank of Spain governor urges government to stick to target of reducing budget deficit to 5.3% in 2012; highlights work done on banking reform
SNB unveils new governing board
Swiss National Bank confirms Thomas Jordan as chairman of the governing board; plans for stricter rules governing private financial transactions by SNB staff are also revealed
BoE’s Posen causes stir with vote switch
External MPC member abandons pro-QE stance; inflation concerns high among rate-setters, with Paul Tucker taking vocal lead
BoJ’s Nishimura says strengthening growth 'crucial' for Japanese economy
Bank of Japan deputy governor emphasises central bank’s role in achieving growth potential; signals unease at the global economic impacts for future of Japanese economy
IMF working paper examines China’s current account imbalances
IMF working paper concludes that total rebalancing has not occurred in Chinese economy as domestic imbalances increase and external imbalances fall
BIS working paper draws lessons from Asia on price stability
Bank for International Settlements working paper studies price stability in Asia; concludes that monetary policy frameworks have been effective
Draghi outlines importance of statistics at ECB
European Central Bank president discusses expanded role for statistics in helping bank achieve its mandate
India slashes benchmark rate
Reserve Bank of India drops repo rate to 8% in first cut in years; governor references slowing growth and declining inflation in announcing decision