Articles by Central Banking Newsdesk
RBA paper reviews unconventional monetary policy measures
Reserve Bank of Australia study says use of long-term interest rates and communication about future short-term interest rate path has merit
Precautionary saving motives necessitate monetary stance revisions: BoE paper
Bank of England study says households’ precautionary saving motives justify accommodative policy bias
Fed’s Yellen dismisses monetary policy link to commodity market boom
Federal Reserve vice-chair Janet Yellen denies claims accommodative US monetary policy is exacerbating boom in commodity markets
‘Disquieting developments’ in ETFs warrants attention: FSB
Financial Stability Board warns of potential issues arising from recent trends in exchange-traded funds (ETFs)
FSB outlines road to shadow banking regulation
Financial Stability Board sets out detailed definition of shadow bank; outlines possible future steps to better regulate the system
Mauritius’s Bheenick: Islamic banking expanding from niche market
Bank of Mauritius governor Rundheersing Bheenick says Islamic banks’ operations could rival conventional banks in some countries
Measuring output gap in export-oriented economies: IMF paper
Fund study assess methods to measure output gap in countries facing non-traditional demand pressures
NY Fed’s Dudley warns against uneven banking reform
New York Federal Reserve president William Dudley says focus on competitiveness in banking reform would ultimately leave countries open to huge tail risks
Shirakawa on earthquake response efforts
Bank of Japan governor Masaaki Shirakawa says he feared earthquake would lead to deterioration in business sentiment
Brazil prepares for Basel III
Brazilian financial stability report announces major changes will be incorporated in the country’s legislation; bringing it into line with Basel III
ECB’s Stark calls for end to short-term approach to monetary policy
European Central Bank executive board member Jürgen Stark says central banks should not be distracted by attempts to fine-tune economy; calls for refocus on monetary data
IMF praises PMA as Palestine bids for statehood
Palestine Monetary Authority “now in a position to carry out functions of a central bank” as the territory bids for statehood recognition as of September
Bank’s Haldane warns capital inflows may overwhelm emerging markets
Bank of England executive director for financial stability Andrew Haldane says rapid rate of investment in emerging markets could lead to financial instability
UAE furthers involvement in bank director appointments
New rules will allow the Central Bank of the United Arab Emirates to veto candidates for bank director positions
Fed’s Raskin calls for greater diversification of banks
Federal Reserve Board of Governors member Sarah Raskin says more diversified banking system will reduce risk of further crises
Consumers move back to cash payments: Boston Fed paper
Boston Federal Reserve study finds evidence of decline in credit and debit card usage and increase in cash payments during financial crisis
BoJ - Monthly Report of Recent Economic and Financial Developments (April 2011)
The Bank of Japan’s April 2011 Monthly Report of Recent Economic and Financial Developments finds evidence of a sharp slowdown in production following Tohoku earthquake
Bank of Israel narrow forum backs rate hike
Bank of Israel minutes show narrow forum supported decision to raise interest rates by 50 basis points in April
Greek debt still the most risky: CMA survey
CMA labels Greek sovereign debt as most risky in the world, second quarter in a row; countries elsewhere in Western Europe performed the best
EBA reveals benchmark for EU stress tests
European Banking Authority to apply 5% core Tier I capital ratio of risk-weighted assets on stress tests; says 90 banks will participate in tests
King attempts to mitigate pay freeze news
Bank of England staff receive memo notifying them of measures
New York Fed auctions off first AIG-related mortgage bonds
New York Federal Reserve sells $1.3 billion of American International Group (AIG) mortgage securities in the first round of auctions
HKMA’s Chan reviews merits of universal banking
Hong Kong Monetary Authority chief executive Norman Chan says central bank will take balanced approach to universal banking
Bank of Finland on modelling rational expectations
Bank of Finland study discusses modelling rational expectations in monetary policy framework