Articles by Central Banking Newsdesk
Beijing official renews call to move away from “dollar trap"
Report by think-tank economist claims the international monetary system lacks stability and fairness as a result of dollar dominance
HKMA - Monetary and Financial Stability Report (March 2011)
Hong Kong Monetary Authority March 2011 Monetary and Financial Stability Report calls for stringent bank underwriting standards to ease property bubble
RBI’s Gokarn on financial inclusion strategies
Reserve Bank of India deputy governor Subir Gokarn says banks should consider inclusion-oriented products and services as part of strategy
Chile’s De Gregorio denies currency war claims
Central Bank of Chile governor José De Gregorio dismisses speculation of a currency war between advanced and emerging countries
BoJ paper on Fed’s communication strategy
Bank of Japan study says change in Federal Reserve’s communication strategy in 1990s helped it better manage expectations
Zambia’s Fundanga on effects of illegal cross-border trade on monetary policy
Bank of Zambia governor Caleb Fundanga says small-scale cross-border trade could interrupt monetary policymaking
Atlanta Fed paper on evolution of US mobile payments
Atlanta Federal Reserve study says unique set of rules necessary for mobile payments industry to evolve in United States
Central Bank of Colombia paper on too-connected-to-fail
Central Bank of Colombia study calls for too-connected-to-fail rather than traditional too-big-to-fail approach
Canada’s Boivin on global competitiveness
Bank of Canada deputy governor Jean Boivin urges Canada’s exporters to regain global competitiveness
Former Obama adviser Romer urges Fed to consider price-level targeting
Former chair of President Obama’s Council of Economic Advisers Christina Romer says adoption of price-level targets at Federal Reserve would aid communication with public over policy
Change at the top for Lithuania
Vitas Vasiliauskas to succeed Šarkinas at the helm of the Bank of Lithuania
HK forms microfinance study group
Group to assess whether there is a need for microfinance provision in Hong Kong
Canada’s Carney wants code of conduct for capital flows
Mark Carney, governor of the Bank of Canada, calls for global code of conduct for capital flows and sets out four-part framework
Irish minister makes fresh bondholder threat
ECB executive board member critical of Ireland’s plans to impose losses on senior bondholders in Irish lenders; new stress test results on Thursday to develop the governments’ plans
BoE’s Posen won’t pursue second term on MPC if wrong on economy
Bank of England Monetary Policy Committee external member Adam Posen says he will not seek re-election to rate-setting committee if record on votes turns out to be wrong
RBA’s Edey calls for more debate on regulating cross-border banking
Reserve Bank of Australia assistant governor Malcolm Edey urges further debate on internationalisation of banking industry
HKMA’s Pang says Chiang Mai crucial to maintaining financial stability
Hong Kong Monetary Authority deputy chief executive Peter Pang says Chiang Mai agreement central to safeguarding financial stability
Fed’s Duke: recession placed burden on households
Federal Reserve Board of Governors member Elizabeth Duke says recession placed significant pressure on households’ wealth
Fed’s arch hawk Hoenig to retire in the autumn
Hoenig reaches mandatory retirement age and will leave in October; selection committee established to ensure replacement is found in time to allow a smooth transition
BoE paper on systemic threat of credit rating agencies
Bank of England study says regulatory reforms should reduce reliance on credit rating agencies
St. Louis Fed’s Bullard: QE2 may have averted a liquidity trap
St. Louis Federal Reserve president James Bullard says second round of quantitative easing was better policy than promising an extended period of low interest rates
CCP reform risks further bailouts: IMF research
Fund study says reforms on central counterparties will not reduce systemic risk and could lead to further taxpayer funded bailouts
Plosser: stick with fed funds rate for exit
Philadelphia Federal Reserve’s Charles Plosser says federal funds rate would be more effective tool than interest on reserves in normalising monetary policy
Danthine defends SNB FX intervention
Swiss National Bank governing board member Jean-Pierre Danthine says foreign exchange intervention was necessary to avoid deflationary risks