Articles by Central Banking Newsdesk
Bundesbank: fiscal stimulus contractionary in long term
Bundesbank study shows lump sum debt financing has short-term economic benefits but long-term costs
ECB’s Constâncio: Basel III implementation must avoid unintended consequences
European Central Bank vice president Vítor Constâncio says implementation of Basel III will be no easy task
Bolivia appoints interim governor
Former regulator named caretaker head of Central Bank of Bolivia
Former CNB governor fails in bid to become mayor
Former Czech National Bank governor Zdenek Tůma loses out in race to become Prague’s next mayor
Malaysia names new deputy governor
Puan Nor Shamsiah Mohd Yunus replaces Dato' Zamani Abdul Ghani
Lloyds CEO to step down from Bank’s court of directors
New Lloyds Banking Group chief executive António Horta-Osório to leave to avoid conflicts of interest
Canada’s Carney favours contingent capital solution to too big-to-fail
Bank of Canada governor Mark Carney says embedding contingent capital in all future issues of new debt will privatise losses
RBA: China’s thirst for commodities driven by global export market
Reserve Bank of Australia study says China’s demand for resources is largely driven by developments in international not domestic markets
Czech National Bank – Inflation Report (November 2010)
Czech National Bank Inflation Report says growth in Czech Republic expected to moderate due to government austerity measures
IMF: budget responsibility laws do not guarantee improved fiscal policy
Fund study shows fiscal performance is not enhanced by institutions on budgetary responsibility
Fed’s Hoenig: US housing policy badly flawed
Kansas City Federal Reserve president Thomas Hoenig says government intervention in housing markets was counterproductive
PBoC’s Zhou wants enhanced macroprudential policy in China
People’s Bank of China governor Zhou Xiaochuan says macroprudential policy must keep pace with the country’s financial growth
Canada calls for holistic approach to regulation
Bank of Canada study says regulators must consider capital, liquidity and short-term liabilities jointly when addressing systemic risk
IMF: dollar volatility influences Gulf risk premia
Fund study shows US inflation and consumption drive risk premia in Gulf Cooperation Council countries
Fed’s Tarullo defends US record on Basel II
Federal Reserve governor Daniel Tarullo dismisses criticism over US implementation of minimum capital requirements under Basel II; says Basel III will only be effective if applied rigorously by all countries
SNB records $8.7 billion loss on Swiss franc gains
Swiss National Bank reports loss of Sfr8.46 billion for first three quarters of the year after Swiss franc appreciated against major currencies
Fed’s Warsh advocates pro-growth fiscal policy in US
Federal Reserve governor Kevin Warsh says pro-growth fiscal policy will spur long-term investment
IMF’s Viñals envisages financial system of the future
IMF director of monetary and capital markets José Viñals lays out vision of future financial system; says financial stability will need to be integrated in monetary policy decisions although price stability should remain central banks’ primary mandate
SNB: immigrants reduce seigniorage
Swiss National Bank study shows increase in immigration reduces seigniorage for banknotes
SNB: rich nation imports deskill developing economies
Swiss National Bank says trade with richer nation depresses relative wage of skilled workers in less developed countries
New York Fed announces QE2 purchase plan
New York Federal Reserve sets schedule for $105 billion-worth of purchases of Treasuries over the next month
IMF: policy prescriptions for Asean 5 economies
Fund study lays out strategy for fiscal retrenchment in Asean 5 economies
Norges Bank’s Qvigstad: monetary policy boards can lead to groupthink
Norges Bank deputy governor Jan Qvigstad says independent monetary policy votes are subject to group pressure
IMF finds persistent debt overhang in Baltic countries
Fund study finds level debt overhang most pronounced in Estonia and Latvia