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Germany's Weber calls for strong ESRB presence
Central banks should have a strong presence in the executive committee of the proposed European Systemic Risk Board (ESRB), said Axel Weber, the president of the Bundesbank.
OECD calls on ECB to cut rates
The Organisation for Economic Cooperation and Development (OECD) has urged the European Central Bank (ECB) to cut rates further.
King steps up calls for global monetary reform
Mervyn King, the governor of the Bank of England, on Wednesday urged officials from around the globe to cooperate to fix the instability inherent in the current international monetary order.
Central Bank of Russia - Annual Report 2007
The Central Bank of Russia notes the work done in 2007 to stabilise the rouble, improve and strengthen the country's banking system, and upgrade and ensure the effectiveness of the payment system in its latest Annual Report.
Sri Lanka's Jayamaha moves into politics
Ranee Jayamaha has stood down as a deputy governor at the Central Bank of Sri Lanka after 37 years of service with the institution.
FSA's Turner pushes for tax on size
Adair Turner, the chief executive of the Financial Services Authority, has joined the growing chorus of calls for limits on banks' size.
Central banks right for stability role
One regulatory organisation in each country should be responsible for overseeing the stability of the overall financial system and that organisation should be the central bank, new research argues.
Inflation targeting: lessons from the crisis
Spencer Dale, the chief economist at the Bank of England, has said inflation targeting should remain a mainstay of macroeconomic policymaking in Britain.
Rejigging the OTC derivatives market
Patricia White, an associate director at the division of research and statistics at the Federal Reserve, has testified on how the central bank believes the derivatives market should be regulated.
Belarus expects $2 billion in IMF funds
Alexander Lukashenko, Belarus's president, has said that the country expects to receive $2 billion from the International Monetary Fund (IMF) before the end of 2009.
Fed plans changes to repo markets - report
The Federal Reserve is considering a major overhaul to repo markets, where banks globally raise overnight dollar loans, reports say.
Realign lats: ex-Argentine chief economist
A former chief economist at the Central Bank of Argentina has claimed that the best strategy for Riga to pursue would be a contained devaluation of the lats.
World Bank sees Chinese stability
The World Bank has argued that "it is not necessary and probably not appropriate to add more traditional stimulus in 2009" to the Chinese economy, which will continue to grow "respectably."
Riksbank sees anxious corporate sector
This survey by the Swedish Riksbank finds evidence of cautious optimism amongst the country's corporations, but notes that there is "considerable anxiety about a setback in the development of economic activity."
Gonzalez-Paramo on the future of central banking
In this speech, Jose Manuel Gonzalez-Paramo, a member of the executive board of the European Central Bank, argues that the crisis "will bring about a new environment for policy-making in a number of areas related to central banking."
Liquidity facilities and interbank lending
This paper by economists from the Federal Reserve Bank of San Francisco finds that the liquidity facilities introduced by central banks during the current crisis helped lower the liquidity premium in term interbank rates.
Angola to launch sovereign fund this year
Angola plans to launch a sovereign wealth fund before the end of 2009, Severim de Morais, the country's finance minister, has said.
Swiss ponder new break-up measures
The Swiss National Bank (SNB) is considering ways to possibly break up large banks and wind down some of their business units during difficult times.
Blanchard and Roubini caution on global recovery
The developed world will see a return to positive growth by the end of the year, but sustaining the recovery will be a delicate balancing act, said Olivier Blanchard, the chief economist of the International Monetary Fund (IMF).
RBI's Subbarao dismisses deflation worries
The governor of the Reserve Bank of India (RBI) has dismissed fears that the country's economy could suffer a prolonged bout of falling prices, saying that there was "no concern of deflation."
Trichet sounds debt warning
Jean-Claude Trichet, the president of the European Central Bank (ECB), has warned that many European governments have reached the ceiling in terms of how much debt they can incur in fighting the recession.
US consents to $100 billion IMF boost
The US Congress on Thursday finally agreed to a $100 billion credit line to the International Monetary Fund (IMF), pledged by President Barack Obama after the G20 meeting in London.
Dublin outlines plans for new regulator
The Irish finance ministry on Thursday published its plans for a new financial regulator, titled the Central Bank of Ireland Commission.
EU central bankers to pick stability board head
The head of the European Central Bank (ECB) will no longer automatically become the head of the proposed European Systemic Risk Board following objections from the United Kingdom, and several central and eastern European countries.