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Spillovers to emerging markets still a reality
The current global financial crisis shows that the notion of possible decoupling of financial markets in developed and emerging economies has been misplaced, a new paper from the International Monetary Fund posits.
Macedonia's Goshev: stable exchange rate key goal
The National Bank of the Republic of Macedonia will continue its policy of focusing on the stability of the denar, said Petar Goshev, the governor of the central bank.
Policy rates should fall to -5%: SF Fed's Rudebush
The federal funds target would have to fall to -5% for the benchmark rate to be in line with the central bank's Taylor rule, a senior San Francisco Fed official has said.
Gulf economies building new arsenal: DIFC's Saidi
The economies of the Gulf have been hit hard by the global financial crisis, but Nasser Saidi, chief economist of the Dubai International Financial Centre, has seen a number of positives emerging from the ashes.
Tussle over Gono intensifies
Political wrangling over Gideon Gono's position as the head of the Reserve Bank of Zimbabwe intensified on Tuesday after Morgan Tsvangirai, the prime minister, called for the governor to be removed from office.
Policy time horizon must be extended: Shirakawa
The time horizon for rate decisions must be extended as a result of the financial crisis, Masaaki Shirakawa, the governor of the Bank of Japan, has warned.
EU to implement De Larosiere group's proposal
The European Commission has proposed a raft of ambitious reforms to the region's supervisory framework, building on guidelines set out in the recent De Larosiere report.
Hoenig moots Fed for bigger payments role
A lack of competition, concerns over integrity and the existence of externalities in the payments sector justify a greater role for the Federal Reserve in the industry, Thomas Hoenig, the president of the Kansas City Fed, has said.
Nigeria's Soludo to depart?
Charles Soludo, the governor of the Central Bank of Nigeria, is to leave after one term, reports suggest.
ECB staff set for "warning" strike
European Central Bank (ECB) staff are to take industrial action for the first time ever over pensions reform.
Kohn defends Fed lending against "fiscal" charges
The Federal Reserve's efforts to halt a financial meltdown with lending programmes targeted at specific markets should not be construed as fiscal aid, Don Kohn, the vice chairman of the central bank, has claimed.
Unified regulatory architecture needed in the US
An influential group of academics, former government officials and business leaders has called for an overhaul of the rules for supervising United States financial markets and stressed the need for a more integrated regulatory structure.
Foreclosure policy should focus on unemployed
Foreclosure-reduction policy should focus on helping people who lose their jobs, new research from the Atlanta Federal Reserve suggests.
Strong policy responses shorten crises
Strong policy responses have a marked impact on the duration of crises, a new study from the International Monetary Fund posits.
Iceland explains another deep cut
Members of the Central Bank of Iceland's Monetary Policy Committee decided to cut the key policy rate by 250 basis points to 13% in light of the improved stability of the krona, the minutes for the 5 and 6 May meeting reveal.
SARB's Mboweni: flight to quality ironic
Tito Mboweni, the governor of the South African Reserve Bank, said it was ironic that capital was now flowing back to the United States, the source of the current crisis.
Central Bank of Iran - Annual Report 2007/08
High inflation over the course of the 2007/08 fiscal year failed to derail medium-term growth trends in Iran, the country's central bank said in its latest Annual Report.
Reasons for sluggish Japanese wages uncovered
Research published by the International Monetary Fund suggests that there are two reasons why Japanese wages have risen at a slower rate than remuneration in other rich countries.
Bank's Bean admits QE exit tricky
Charlie Bean, the deputy governor responsible for monetary policy at the Bank of England, has acknowledged that the execution of the Bank's exit strategy for quantitative easing will present the Monetary Policy Committee with a tricky judgment call.
Markets fear US ratings downgrade: Pimco's Gross
The co-head of the world's biggest bond fund has said that that markets are beginning to price in the threat of the United States losing its triple-A rating, which he believes will eventually go.
HKMA's new chief to face a pay cut?
The new head of the Hong Kong Monetary Authority (HKMA), which is to be Norman Chan, will have to take a substantial pay cut, sources said on Friday.
Fed's Rosengren bets on slow recovery
The unusual features of the current recession point to a slow recovery, Eric Rosengren, the president of the Boston Federal Reserve, has said.
China should focus on gold not SDRs: Hanke
China would be better off promoting gold rather than special drawing rights (SDRs) as a global reserve currency, a prominent economist has argued.
BoJ notes signs of improvement
The Bank of Japan on Friday was relatively upbeat by recent standards about the country's economic prospects.