Articles by Central Banking Newsdesk
Estonia sounds clear warning on Europe crisis contagion
Eesti Pank says strain is growing in Estonia as eurozone crisis spreads to other areas of the region; asks banks to pay close attention to capital levels
New regulatory initiatives pose stability risks: National Bank of Austria paper
National Bank of Austria study says overdose of Tobin tax can lead to severe instability of financial system; ban on short selling increases tail risk
Limited liability leads to excessive risk-taking: IMF paper
Fund study shows excessive risk-taking by banks increases as the interest rate decreases
BoE’s Salmon discusses latest banknote security features
Bank of England banking services executive director Chris Salmon explains use of motion thread in new £50 banknote
HKMA’s Lau lays out strategy for regulating OTC derivatives
Hong Kong Monetary Authority executive director Edmond Lau says Hong Kong over-the-counter derivatives regulation must meet international standards
Kenya selects finance ministry official as new deputy governor
Deputy director of debt management at the finance ministry chosen as deputy governor for central bank; tasked with improving capacity in monetary policy management
Vatican calls for global central bank
Vatican social policy experts say global leaders should establish global central bank to address problems in international monetary system; says IMF failed to stabilise financial system
Treasury Select Committee grills King
Bank of England governor faces quick-fire questions on quantitative easing and lending to small and medium-sized enterprises; discusses the timing of the latest asset purchase programme boost and reminds government of their responsibilities
Finland reveals board member applicants
Candidates represent a lively cross-section of career paths; existing board member Pentti Hakkarainen submits application
Skilled graduates key driver for regional growth: NY Fed paper
New York Federal Reserve study says producing skilled graduates contributes to regional economic success
Liquidity concerns explain high level of cash transactions: Bundesbank paper
Bundesbank study says high percentage of cash transactions due to consumers' willingness to monitor liquidity
Credit booms fuelled by lax monetary policy: IMF paper
Fund study says accommodative monetary policy was main driver of credit booms in last half century
EMEs have scope to respond to a global slowdown: RBA’s Battellino
Reserve Bank of Australia deputy governor Ric Battellino says emerging market economies have capacity to respond to decline in weakness in global demand
BoE’s Haldane discusses broad reforms
FPC member calls for comprehensive reform of bankers’ remuneration and warns Basel III may not go far enough
Chinese officials jailed over information leaks
Two government officials are given lengthy prison sentences; found to have leaked information on economic growth, retail sales and inflation figures
Uganda defends monetary policy
Executive director of research at the Bank of Uganda releases a statement explaining the central bank’s monetary policy; outlines what policy can do and what it cannot
Identifying Sifis: Central Bank of Colombia paper
Central Bank of Colombia releases a working paper outlining a method to establish the systemic importance of financial institutions; offers an alternative method to the BIS
Bank of Finland paper explains patterns of privatisation in Russia
Bank of Finland working paper investigates the privatisation of Russian industrial land across regions and firms
Fed’s Duke explains link between personal finance and national economy
Elizabeth Duke discusses how improving individual financial stability would ultimately build a stronger economy in the US
India faces ‘significant’ inflation challenge
Macroeconomic and Monetary Developments review outlines action taken in recent months and describes challenge of bringing down inflation to an acceptable level on a sustainable basis as “significant”
Developing country scoops currency award
Ugandan shilling wins 2011 Best Series Award from International Association of Currency Affairs
Italy’s Visco wins governor nomination in surprise twist
Italian prime minister takes unexpected step by naming Bank of Italy deputy director-general Ignazio Visco as governor ahead of three frontrunners
Norges Bank proposes amendments to collateral framework
Norges Bank announces plans to increase haircuts on collateral held at central bank from 4% to 9% to reduce exposure to counterparty risk
BIS’s Cecchetti highlights merits of G-sibs surcharge
Bank for International Settlements economic adviser Stephen Cecchetti says reducing probability of G-sibs failing is cornerstone of regulatory response to too-big-to-fail