Articles by Central Banking Newsdesk
Forecasting ability fails to justify rating agencies’ power grab
Rating agencies forecasts “not particularly outstanding” during decades following the Great Depression, Bank for International Settlements paper finds
Philippines’ central bank takes ownership of golf course: reports
Central Bank of the Philippines takes over local golf club resort following default on loan by failed lender, local media say
Norway’s Olsen stresses importance of transparency in welcome address
Norges Bank’s new governor pledges to maintain inflation targeting regime in its current form; central bank “very well equipped” to manage sovereign wealth fund
CentralBanking.com’s top ten stories of 2010
Regulatory change features heavily
HKMA unveils measure to smooth burgeoning renminbi flows
Hong Kong Monetary Authority reveals four measures to steady renminbi flows into territory; renminbi flows rocket over 200% compared to end-2009
RBA’s Edey elected head of influential OECD committee
Reserve Bank of Australia assistant governor Malcolm Edey selected as chair of financial markets committee
Ukraine’s Stelmakh bows out
National Bank of Ukraine governor Volodymyr Stelmakh tenders resignation over a year past expiry of term; first deputy governor Serhii Arbuzov named his replacement
Fiat money, central banking and the Bank of Amsterdam: Atlanta Fed research
Atlanta Federal Reserve paper uses Bank of Amsterdam example to explore effects of fiat money on central bank functions
BoE: Agents’ summary of business conditions (December 2010)
Bank survey shows strong export growth, rise in manufacturing and services activity; weak housing market, tough credit conditions for small firms
Spain’s Aríztegui on savings banks mergers
Bank of Spain deputy governor Javier Aríztegui discusses institutional protection schemes
Accountability and risk management key to banking: Albania’s Fullani
Bank of Albania governor Ardian Fullani tells bankers how central bank is raising the standards against which they are judged
Bank minutes: inflation may hit 4% in spring
Bank of England Monetary Policy Committee warns inflation could reach 4% in spring; says pace and extent of subsequent fall highly uncertain
RBA minutes: rates on hold as global downside risks rise
Minutes of Reserve Bank of Australia rate-setting meeting relay concern over deteriorating situation in Europe; more positive on US, China
Norges Bank paper looks at combining predictive densities
Norges Bank research seeks means to go past point forecasts when combining models
RBI's Mohanty on private investment
Reserve Bank of India executive director on why private investment remains relatively low in Asia
Fund completes gold sales
IMF completes sale of 403 tonnes of gold, drawing 15 month process to an end; ease of effort linked to central banks' demand for the metal
Number of central bankers on the rise
Central banks increase staff, reversing decade-long downsizing trend
Fiji's Reddy resigns
Reserve Bank of Fiji governor Sada Reddy resigns from his post for unspecified reasons; deputy Barry Whiteside to serve as interim governor
RBA names new assistant governor for currency
Reserve Bank of Australia promotes Michele Bullock to assistant governor for currency; Bullock steps in following transfer of Bob Rankin to central bank's London office
Imbalances could treble in next two decades: Bank's Haldane
Bank of England executive director Andy Haldane charts course of global imbalances, pointing to trends likely to widen them
Former Czech governor Tůma joins KPMG
Ex-Czech National Bank governor Zdeněk Tůma joins consulting and auditing firm; tells local media he is keeping an eye on Prague administration
Ireland lifts lid on tough new enforcement approach
Central Bank of Ireland publishes first-ever enforcement strategy, detailing tough line on sanctions; publication accompanies penalties on Allied Irish Banks, NCB Stockbrokers
Fed extends temporary dollar swap lines
Dollar swap lines reopened with five central banks in May will remain in operation until August 2011, seven months past original date of expiry
Semi-structural models and inflation forecasting: Bank of Canada paper
Bank of Canada study finds semi-structural models best traditional New Keynesian Phillips Curve, bivariate vector autoregression models at inflation forecasting