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Issue of rising food prices needs reflection
The recent surge in food prices requires careful consideration not knee-jerk reactions, Norbert Walter, the chief economist for Deutsche Bank Group, notes.
IMF on the progress of financial integration
Financial integration has progressed significantly worldwide, particularly in emerging markets, research published by the International Monetary Fund finds.
NY Fed's Dudley on the crunch's causes
The recent market turmoil has been driven by two developments, says William Dudley, an executive vice president of the New York Federal Reserve.
Trichet's building blocks for eurozone success
Jean-Claude Trichet, the president of the European Central Bank (ECB), has highlighted four policies to reinforce the strength and performance of the euro-area economy.
Denmark raises rates
The Nationall Bank of Denmark lifted its key rate by 10 basis points on Friday in a bid to support the krone.
RBA appoints new assistant governor
The Reserve Bank of Australia has promoted Keith Hall to the position of assistant governor responsible for banking and payments.
Turkey shifts stance on rates
Turkey has leapfrogged Iceland as the European state with the highest interest rate after the country's central bank backed a 50 basis-point hike on Thursday.
Iceland sets up swaps with Nordic CBs
In a move that is expected to do much to support the weak krona, the Central Bank of Iceland on Friday said that it had come to an agreement with Sweden, Norway and Denmark to swap its currency for euros.
Regulation should aim to burst bubbles
Frederic Mishkin, a governor at the Federal Reserve, has acknowledged that the Fed should consider responding to asset price bubbles - a move that would contravene a tenet of the Greenspan-era institution.
Zimbabwe prints Z$500m note
The Reserve Bank of Zimbabwe said on Thursday it will circulate a note worth Z$500m ($2,44).
Bank of Canada Review - spring 2008 edition
The Bank of Canada has published the spring edition of its Economic Review.
Asia remains strong: Pakistan's Akhtar
The Asian economy will continue to perform well despite the recent global financial market turmoil, Shamshad Akhtar, the governor of the State Bank of Pakistan, predicted.
Islamic finance must follow global codes
Islamic financial institutions must ensure that they comply with international best practices on supervision, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, has said.
Crisis shows need for capital cushions: Bernanke
The recent turmoil underscores the importance of generous capital cushions for protecting against adverse conditions in financial and credit markets, Ben Bernanke, the chairman of the Federal Reserve, noted.
Iranian governor opposes president on rates
Tahmasb Mazaheri, the governor of the Central Bank of Iran, has clashed with President Mahmoud Ahmadinejad over the president's decision to set bank rates between ten and 12%, local media reports say.
Libya announces improvements for banking sector
In a bid to reform the Libyan banking sector, the country's central bank has modernised its open market operations and payments systems.
Fed should have spoken out on housing bubble
The Federal Reserve should have done more to alert American consumers to the bubble in the real estate market, Robert Shiller, an economics professor at Yale, said in an exclusive interview with Central Banking, published on Thursday.
Extend Fed's regulatory power: Volcker
The Federal Reserve's role as a financial regulator must be expanded given its recent assistance to Bear Stearns and other investment banks, Paul Volcker, a former chairman of the Fed, said.
HKMA's Yue on Islamic finance
Greater efforts must be made to establish a level playing-field between the conduct of Islamic finance business and conventional activities, Eddie Yue, a deputy chief executive at the Hong Kong Monetary Authority, noted.
Tensions could re-emerge: Riksbank deputy
Despite positive signs in recent weeks, it is still too early to assume that financial markets will return to normal without any further disruptions, Barbro Wickman-Parak, a deputy governor at the Riksbank, warned.
Can disclosure damage supervision?
The latest edition of the Richmond Federal Reserve's Economic Quarterly discusses whether supervisors should disclose information about the banks they assess.
Fed's Rosengren on risk management
The recent financial turmoil has highlighted both the benefits and the challenges associated with pursuing risk management, Eric Rosengren, the president of the Boston Federal Reserve, said.
SA's Mboweni hints at further tightening
Tito Mboweni, the governor of the South African Reserve Bank, said on Tuesday that the institution would do its job of controlling inflation "come hell or high water".
Interbank spreads to stay above pre-crisis levels
A fundamental shift in money-market attitudes will mean spreads between interbank and official rates remain greater than their pre-August levels for the foreseeable future, the Bank of England's head of markets said on Wednesday.