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Trichet claims markets close to normal
Jean-Claude Trichet, the president of the European Central Bank (ECB), said that the current "period of market nervousness" is coming to an end.
Central banks' use of websites in the crisis
Central banks have been using their websites in novel ways during the crisis. On 13 August, the New York Fed put the following notice up:"The Desk will evaluate whether it needs to inject additional cash into the banking system at its normal operating…
Malaysian governor discusses Islamic finance
Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, noted five major trends set to impact the global sukuk market.
IMF paper criticises UK's golden rule
The International Monetary Fund (IMF) has published a working paper which suggests improvements the United Kingdom's measure of fiscal performance - the golden rule.
Japan injects 1.6 trillion into money markets
The Bank of Japan injected 1 trillion ($8.4 billion) into the money markets Friday and 600 billion Monday in an effort to counter shockwaves triggered by the US subprime crisis.
Dollar sell-off claims prompt Chinese reaction
A spokesperson for the People's Bank of China has countered reports in the British media that the central bank plans to use its vast dollar reserves as a political weapon against the United States.
Greenspan to advise Deutsche Bank
Deutsche Bank, the German investment and retail bank, announced on Monday that it will retain Alan Greenspan, the former governor of the Federal Reserve, as a senior adviser.
Australia expects 3% inflation by year end
The Reserve Bank of Australia has revised its inflation forecast to the top of its 2%-3% target range following its latest consumer price index (CPI) figures.
ECB injects a further €47.7 billion
After adding €155.9 billion ($212 billion) to money markets late last week, European Central Bank (ECB) lent heavily again on Monday.
Kansas Fed tests forecasting models with real-time
This technical paper examines the properties of tests of equal forecast accuracy applied to different regression models. In contrast to earlier work, it takes into account the real-time, revised nature of the data.
Italian bank takeovers a success - Saccomanni
The acquisition of southern Italy's leading banks by banks in the centre and north of the country have had important positive effects, contributing to improve principles and techniques of credit management, Fabrizio Saccomanni, a director general of the…
Monetary policy and credit constraints
This research discussion paper from the Reserve Bank of Australia suggest that while effect of a change in the monetary policy interest rate on aggregate demand may be larger at higher levels of indebtedness, the extent of credit constraints may be at…
Statements on liquidity injections
The Federal Reserve Bank of New York released a brief statement regarding its intervention to inject liquidity into the markets. It said it is providing liquidity to facilitate the "orderly functioning of financial markets" and will provide reserves as…
SWFs must follow market rules - Strauss-Kahn
Dominique Strauss-Kahn, the leading candidate to become the new managing director of the International Monetary Fund (IMF), has said sovereign wealth funds should follow standard market rules and believes the Fund has a role to play in overseeing them.
Chilean rates reach five-year high
Chile's central bank lifted its overnight lending rate to the highest in five years, and suggested that additional tightening is likely to be needed to keep inflation anchored around the 3% inflation target.
Japanese regulator seeks hedge fund clamp-down
The Japanese Securities and Exchange Surveillance Commission (SESC), has warned that investment banks and hedge funds are becoming "too close" and expressed fears that this could lead to insider trading and other forms of misconduct.
Intervention fails to stem equities sell-off
The wide-scale intervention by central banks around the world on Thursday and Friday reduced spreads in domestic money markets, but failed to stop the declines in global stock markets.
Central banks continue to plug markets
On Friday, central banks around the world engaged in an orchestrated effort, initiated by the European Central Bank (ECB) and the Federal Reserve a day earlier, to keep money markets afloat amidst wide-spread fears of a global credit crunch.
Ghanaian governor celebrates 50th anniversary
Paul Acquah, the governor of the Bank of Ghana, talked about central bank developments and growth in the financial sector in a speech to mark the central bank's 50th birthday.
Bank of Jamaica - Annual Report 2006
Jamaica managed to impressively curtail inflation in 2006. The headline rate fell by more than half from 12.9% in 2005 to 5.8% last year.
Paper uncovers Japanese price-setting trends
A paper by the Bank of Japan has established four facts on price setting based on data in the retail price survey from 1989
ECB publishes monthly bulletin
The European Central Bank said it is monitoring prices closely to ensure that the eurozone escapes high inflation in the medium to long term in its latest monthly bulletin.
Ghanaian president encourages CB cooperation
John Kufuor, the president of Ghana, has said that the Bank of Ghana should work in tandem with parliament to become "the cornerstone of the Golden Age of Business" in the jurisdiction.