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Paulson blames lack of time for Tarp u-turn
The US Treasury reneged on its earlier promise to buy banks' distressed assets because it ran out of time, Hank Paulson, the US treasury secretary told Congress on Tuesday.
Governors to sit on UN regulatory reform panel
The governors of the Malaysian and Nigerian central banks and a former head of the Reserve Bank of India will form part of a UN task force to look into reform of the global financial system.
Bank of Latvia - Annual Report 2007
Ilmars Rimsevics, the governor of the Bank of Latvia, praised Riga for implementing inflation-curbing measures, in the central bank's latest Annual Report.
CNB's Singer: inflation to dip in 2009
Headline inflation is expected to drop below the current 3% inflation target in 2009 and to hit the new target of 2%, set for 2010, at the end of next year, said Miroslav Singer, a vice governor of the Czech National Bank.
IMF lending has political bias
A paper from the European Central Bank shows that geopolitical considerations are an important factor in shaping International Monetary Fund's lending.
Renminbi going global - HKMA's Pang
The renminbi could in time become a significant currency for global trade, Peter Pang, a deputy chief executive at the Hong Kong Monetary Authority.
Basel's Wellink outlines vision for Basel II
Nout Wellink, the chairman of the Basel Committee on Banking Supervision and president of the Netherlands Bank, on Monday detailed the committee's plans to improve its much-maligned Basel II framework.
G20 earns plaudits but fails to ease market mood
Markets were nonplussed by the G20 communique with most of the leading stock indices falling in Monday trading.
Japan slides into recession, lends IMF $100bn
Japan's economy shrank by 0.4% in the third quarter, surprising analysts who had predicted the country to narrowly avoid a technical recession and grow by 0.1%.
ECB got it wrong on de-coupling: ex-research head
The European Central Bank was wrong to think the eurozone economies could defy the past and avoid the ill-effects of a recession in the United States, its former head of research has said.
INTERVIEW: Charles Wyplosz
Charles Wyplosz, a professor at the Graduate Institute, Geneva, and an occasional consultant to the International Monetary Fund and World Bank, tells CentralBankNews.com why the Fund cannot play a role in regulating the financial system, why the Paulson…
Oil prices, fiscal policy and business cycle
In countries with a large oil sector relative to the rest of the economy, oil price changes affect the economic cycle through fiscal policy, finds a new paper from the International Monetary Fund.
Crisis myths true - Boston's reply to Minneapolis
A new paper from the Boston Federal Reserves takes issue with a recent paper from the Minneapolis Fed's that found four widely-held beliefs about the financial crisis of 2008 to be false.
Banks not saved for their sake - Sveriges Ingves
We are not saving banks and their management for their own sake or the sake of their shareholders, said Stefan Ingves, the governor of the Sveriges Riksbank.
Fed's Kohn: macro models wrong
Macroeconomic models used by central banks to inform their monetary-policy decisions are clearly inadequate, admitted Donald Kohn, the vice-chairman of the Federal Reserve.
Eurozone in recession
The eurozone is in recession following the release of official statistics on Friday that showed that its economy contracted for the second quarter in a row.
Bernanke "ready to take additional steps"
Ben Bernanke, the chairman of the Federal Reserve, says policymakers around the world will remain in close contact as "challenges remain for the global economy."
Draghi supports move to expand FSF
The chairman of the Financial Stability Forum (FSF) has welcomed calls by the finance ministers and central bank governors of the G20 to expand the group's membership.
Economists back Bernanke
Private-sector economists have come out in strong support of Ben Bernanke, the embattled chairman of the Federal Reserves, suggesting that the new Obama administration should reappoint him in January 2010.
Outstanding CDSs decline
Multilateral terminations of outstanding contracts resulted in the first ever decline in the volume of outstanding credit default swaps (CDS) since December 2004, reports Bank for International Settlements.
EMU reduces domestic political shocks impact
Economic and monetary union (EMU) has helped reduce the impact of political shocks on the economy of member states, finds a new paper from the European Central Bank.
Pakistan's Akhtar: inflation alert
High inflation is hurting Pakistan's competitiveness and eroding the purchasing power of the poor, said Shamshad Akhtar, the governor of the State Bank of Pakistan.
Scrap bonuses - Basel Committee's Wellink
Bonuses for executives in the financial sector could be scrapped altogether, said Nout Wellink, the president of the Netherlands Bank and the chairman of the Basel Committee on Banking Supervision.
Oslo's lesson in restoring confidence
The lessons from Norway's response to the crisis in its banking system in the early 1990s have been under underappreciated.