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Superfund will hamper pricing, Greenspan warns
Alan Greenspan, the former chairman of the Federal Reserve, has said that the $75 billion mortgage securities superfund, backed by Citigroup, JP Morgan Chase and Bank of America, could do more harm than good.
China fights back over G7 currency criticisms
Wu Xiaoling, the deputy governor of the People's Bank of China, said the country's current policy on the appreciation of the renminbi was a responsible one despite claims to the contrary by the world's leading finance ministers.
De Rato's final speech presents gloomy outlook
Rodrigo de Rato, the outgoing managing director of the International Monetary Fund, said on Monday that the recent banking crisis has exposed weaknesses and will hamper growth in the coming years.
Define your mission, Paulson advises IMF and Bank
Hank Paulson, the US Treasury Secretary, said that international financial institutions need to better define their core missions, and align staff and other resources accordingly, if they are to remain relevant.
Share options spur CEOs to take more risks
Granting employee stock options motivates CEOs of banking firms to undertake riskier projects, research published by the New York Fed has found.
Canadian growth exceeds expectations
The Canadian economy has performed better than expected, according to the latest edition of the Bank of Canada's monetary policy report, published on Thursday.
Japan will weather banking crisis, says Mizuno
There is little chance of the recent banking crisis adversely affecting the Japanese economy according to Atsushi Mizuno, the most hawkish member of the central bank's current rate-setting board.
Bank of Mexico - Annual Report 2006
The Mexican economy grew by 4.8% in 2006, its highest rate of expansion since 2000.
Japan's Muto reiterates commitment to tightening
The Bank of Japan will raise rates as the economy improves and inflation picks up Toshiro Muto, a deputy governor at the Bank of Japan said on Friday.
Northern Rock's BoE debt rises to £16 billion
Northern Rock has borrowed a further £3 billion ($6.1 billion) from the Bank of England this week, the Bank's balance sheet reveals.
Chinese inflation eases from 11-year high
Chinese inflation fell slightly in September to 6.2%, after hitting an 11-year high of 6.5% in August.
Greenback now worth a million Zimbabwean dollars
A single US dollar is now said to be worth 1 million of its Zimbabwean counterparts on the black market.
Politics force Sierra Leonean governor out
Samura Kamara, an International Monetary Fund executive and a former finance ministry official, has replaced James Rogers as the governor of the Bank of Sierra Leone, a public relations officer told Central Bank News on Friday.
Buybacks in Treasury cash and debt management
The New York Fed has published a paper looking at the use and implications of buybacks in Treasury cash and debt management.
Does monetary policy impact banking spreads?
The nominalisation of interest rates has led to a breakdown in the relationship between banking spreads and monetary policy in Chile, argues a paper from the central bank.
HK's Choi on Basel II's risk management challenges
Y.K. Choi, the deputy chief executive responsible for banking at the Hong Kong Monetary Authority, spelt out the risk management challenges facing the Asian finance industry in preparing for Basel II.
Reserve Bank of Malawi - Annual Report 2006
Malawian growth picked up in 2006, after a poor economic performance in 2005.
Howard calls on RBA to focus on growth
John Howard, the Australian prime minister preparing for an election in November, put pressure on the Reserve Bank of Australia to maintain economic growth.
India's Reddy on factors set to hamper growth
Y.V. Reddy, the governor of the Reserve Bank of India, said on Thursday that a skills shortage and inadequate infrastructure will curb India's impressive growth record.