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Riksbank's Oberg on wage bargaining
The sector of the economy that is exposed to international competition should also set the norm for wage increases in Sweden, said Svante Oberg, a deputy governor of the Riksbank.
IMF's lending framework needs to change
The framework governing the International Monetary Fund's (IMF) lending operations is no longer appropriate, says a paper from the Bank of England.
Vietnam shuffles senior managers
The State Bank of Vietnam announced eight new senior managers in a major reshuffle at the central bank.
China, Korea sign new swap line
Monetary authorities in China and South Korea have signed a new foreign-currency swap deal, the Chinese central bank announced on Friday.
RBNZ to accept corporate debt
The Reserve Bank of New Zealand has announced a number of changes to its market operations, mostly significantly accepting domestic corporate securities as collateral for central bank loans. The paper must have a long-term credit rating of BBB- or higher.
Rouble's slide continues
The Russian central bank on Thursday allowed the rouble to depreciate further, as the drain on its foreign reserves continued unabated.
Economists call for European stabilisation fund
The absence of a single European debt market is holding the euro back as a reserve currency in a time of extreme risk aversion, argue Daniel Gros and Stefano Micossi.
Britons lower inflation expectations
The British public significantly lowered its inflation expectations, the latest Inflation Attitudes Survey from the Bank of England reveals.
Fed's Kroszner on restoring confidence in MBS
Comprehensive and standardised loan-level data covering the entire pool of loans backing mortgage-backed securities (MBS) was needed so that the underlying credit quality could be analysed more easily, said Randall Kroszner, the governor of the Federal…
A new GDP forecasting model for the eurozone
A paper from the European Central Bank derives a new forecasting model for euro-area real GDP growth.
IMF's Strauss-Kahn: monetary policy limited
When the real economy has stalled looser monetary policy has only a limited effect, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund.
Senior PNG officials shift roles
The Bank of Papua New Guinea has altered its management structure in a bid to enhance efficiency.
Fiji launches "smaller, thinner, lighter" coins
The Reserve Bank of Fiji completed its currency reform with the unveiling of new 5, 10, 20, 50 cent and $1 coins at a ceremony on Thursday.
Swiss cut rates on gloomy growth forecast
The Swiss National Bank (SNB) has cut its benchmark target range by a further half a point and said that it expects the economy to contract by up to 1% next year.
Fed floats bond issuance
The Federal Reserve is considering issuing its own bonds as a means to absorb the liquidity with which it has flooded markets as well as for fundraising purposes.
South Africa begins loosening cycle
The South African Reserve Bank has cut its key rate from a five-year high and indicated it has room to ease further in the coming months.
ECB's Bini Smaghi on the financial crisis
Blaming the current crisis on the United States might be tempting but would be a mistake, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank (ECB).
Lessons of Northern Rock
A paper from the Bank of Finland analyses the failure to stop the run on Northern Rock and considers what should be done to help prevent the recurrence of such episodes in the future.
What makes for financial competitiveness?
Price competitiveness, stable inflation rates and registered patents have a positive impact on an index of financial competitiveness, calculated in research from the Bundesbank.
What's behind the fear of intervention?
Central banks' unwillingness to defend their currencies' value through foreign-exchange intervention despite abundant dollar reserves highlights a fear of intervening. Such a fear should lead central banks to review why they hold reserves, says Ousmene…
Mexican price spike compounds rate dilemma
Inflation jumped almost half a point in November to more than twice the Bank of Mexico's target adding to policymakers' woes ahead of the next rate decision slated for mid-January.
Bank Indonesia's Dutch arm bankrupt
Boediono, the governor of Bank Indonesia, has acknowledged that Indover, a unit of Indonesia's central bank based in the Netherlands, is heading for bankruptcy after a local court approved an application for receivership.
Fed "extremely reluctant" to bail out Detroit
Ben Bernanke, the chairman of the Federal Reserve, has indicated that the central bank would be extremely reluctant to prop up Detroit's ailing big-three car companies.
Bank's City ambassador gets the nod for deputy
Paul Tucker, the executive director responsible for markets at the Bank of England, will replace Sir John Gieve as the deputy governor responsible for financial stability.