Articles by Central Banking Newsdesk
AIG makes $15.7 billion offer for Maiden Lane II
New York Fed receives formal offer for bailout vehicle containing AIG’s residential mortgage-backed securities portfolio; insurer in bid to reduce debt to Washington
Canada to launch first polymer note this year
Bank of Canada set to issue new C$100 polymer banknote in November 2011; says entire series will be unveiled in the spring
Quake forces New Zealand to cut
Reserve Bank of New Zealand reduces benchmark interest rate by 50 basis points to 2.5% following February’s earthquake in Christchurch
ECB paper on firm price adjustment behaviour
European Central Bank study examines firms’ price adjustment behaviour to demand and cost shocks
Central Bank of Chile paper on non-copper export growth
Central Bank of Chile study examines performance of Chilean non-copper exports in last two decades
Libya’s Bengdara pleads for softer sanctions on central bank: report
Central Bank of Libya governor Farhat Bengdara tells Wall Street Journal he is lobbying for some leniency on central bank sanctions; says cannot return to Tripoli
Bank of Israel on success of tax reforms
Excerpt from Bank of Israel 2010 Annual Report says recent government tax policy reduced direct taxes on labour
Ex-Fed economist appointed to Ireland’s Central Bank Commission
Former Federal Reserve economist and special adviser to Ireland’s outgoing finance minister Alan Ahearne appointed to Central Bank of Ireland’s commission
Australia’s Stevens calls for collective effort to rebalancing global economy
Reserve Bank of Australia governor Glenn Stevens says advanced economies must utilise excess supply to help boost domestic demand in Asia
European parliament embraces Tobin tax
Lawmakers throw their weight behind Tobin tax on financial transactions; say global difference of opinion should not stop Europe implementing levy
IMF’s Lipsky on rebalancing SDR currency basket
IMF first deputy managing director John Lipsky says discussions on inclusion of renminbi in special drawing rights part of G-20 agenda
Monetary policy shocks transmit through countercyclical markups: Bank of Canada paper
Bank of Canada study shows countercyclical markups help explain effects of monetary policy shocks in Canada
Libya’s Bengdara in Istanbul: report
Central Bank of Libya governor Farhat Bengdara reportedly confirms relocation to Istanbul as unrest continues; more central bank targeted sanctions possible
Buba’s Weber to return to academia
Bundesbank president Axel Weber to teach at University of Chicago in June following departure from central bank
NY Fed’s Krieger: liquidity backstop for shadow banks vital
New York Federal Reserve executive vice-president Sandra Krieger stresses importance of backstop measures to reduce systemic risk arising from shadow banking activities
Nobel Prizewinner not right for Fed: key Republican senator
Senate Banking Committee ranking member Richard Shelby sets out reasons underpinning party’s repeated rejection of Nobel Prizewinner Peter Diamond for Fed board seat
Bank of England - Payment Systems Oversight Report (March 2011)
Bank of England’s March 2011 Payment Systems Oversight Report says further steps could be taken to reduce risks in UK payment systems
Malaysia’s Kadir on enhancing sharia governance
Bank Negara Malaysia deputy governor Mohd Razif bin Abd Kadir says stronger governance framework will provide greater scope for sharia products
Underlying inflation, unemployment should ground mandate: Riksbank’s Svensson
Riksbank deputy governor Lars Svensson calls for refined monetary policy framework focusing on underlying, rather than headline, inflation and unemployment over resource utilisation
EBA’s stress test scenarios revealed: reports
Leaked documents set out scenarios for new round of European bank stress tests
Firms’ choice in price-reviewing strategies explained: ECB paper
European Central Bank working paper analyses why and how firms pick their price-reviewing strategies
Korea’s Kim outlines obstacles to financial surveillance
Bank of Korea governor Kim Choong-soo articulates difficulties in financial sector surveillance, global policy coordination
Zambia’s Fundanga on banking sector
Bank of Zambia governor Caleb Fundanga says giving central bank licensing authority was key
Fund’s DSK on meshing monetary and regulatory tools
Policymakers are looking to academia to help see how macroprudential policy might affect central banks’ independence, IMF managing director Dominique Strauss-Kahn says