Articles by Central Banking Newsdesk
Goodfriend: interest on reserves best exit policy
Marvin Goodfriend offers Congress advice on how to exit from the Fed’s accommodative stance without disrupting markets
RBA offshoot let standards slip in bribery scandal: report
Independent auditor says Australian central bank’s polymer subsidiary Securency failed to uphold its standards in dealing with its foreign business agents
Basel issues draft code on supervisory colleges
Principles seek to promote information exchange and incorporate latest regulatory trends
Bank’s Haldane moots structural change to recover social costs
Bank’s executive director for financial stability labels banking pollution “a real and large social problem”; says officials must look at architecture of financial system to resolve it
Warsh acknowledges Fed’s quasi-fiscal action
Governor suggests Fed’s crisis-fighting measures may have tested the boundaries of central bank’s ambit
Norges Bank’s Gjedrem on rate decisions
Svein Gjedrem offers cautious outlook for growth following rate decision last week
IMF: global inter-connectedness aggravated recession
IMF paper shows global interconnectedness increased output volatility during recession as trade-dependent economies were worst hit
SNB tackles too-big-to-fail
Report by the Swiss National Bank suggests countries biggest banks will need to downsize
RBA warns of inflationary pressures from emerging markets.
Reserve Bank of Australia highlights inflationary threats from Asian economies in financial stability report
Rate round-up
Israel hikes but raft of others cut, including Hungary, Russia, South Africa and Romania
Philly Fed: banking sector returns to profit
Report for fourth quarter notes bank failures also dropped
Finnish central bank offers pessimistic outlook for growth
Bank of Finland report forecasts anaemic growth in 2010 following continued declines in exports sector
IMF: Bolivia foreign reserves adequate
Research charts developments since 2005
ECB: financial distress levels higher in Northern European countries
ECB paper finds financial distress is dependent on the relative indebtedness of households and mortgage market size
Fed: credit availability increases among consumers
Federal Reserve director discusses developments in credit scoring study with Congress
IMF calls for originators to have more exposure to tranches
Study shows that exposure to securitised loans does not imply risk-neutral behaviour
Turkey tests new policy on checking accounts
Study by Turkish central bank rejects new policy to increase payment fees for checking accounts
Fed: macro models ignored lower bound of yield curve
San Francisco Fed constructs an augmented version of macro-finance model following financial crisis
Fed’s Kohn attacks higher inflation targets
Federal Reserve vice chairman also dismissive of price-level targeting; admits central bankers were “a little complacent” pre-crisis
Fed: smaller optimal weight should be placed on rental price inflation
San Francisco Fed paper suggests that nature of rental prices warrants change in the way inflation is measured
Turkish study shows economic impact of oil shocks
Central Bank of Turkey paper shows that oil prices have similar impact both globally and on small oil-importing economy
Bank explains UK housing bubble
Bank of England study links rising house prices to lower real long-term rates and lower inflation in the run up to the bubble
Yellen: Fed won’t inflate debt away
San Francisco Fed’s Janet Yellen tells LA town hall inflation will not run rampant so long as Fed retains independence
Chiang Mai currency swap deal comes to life
Regional $120 billion currency swap arrangement between ASEAN members and east Asian powerhouses comes into force