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Bank Indonesia - Annual Report 2008
In Indonesia, the fallout from the global financial crisis began to take hold towards the end of 2008, the latest Annual Report from the country's central bank states.
Fiscal-policy models are flimsy
A paper by four academics from universities and institutions in the US and Europe including Stanford's John Taylor notes that renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy, but cautions that these…
The rule of law reduces terrorism
Research from the St. Louis Federal Reserve finds that countries with authoritarian regimes or mature democratic systems experience less terrorism.
Riskbank's Ingves on why the crisis happened
Stefan Ingves, the governor of the Riksbank, has explained why the global crisis occurred.
Latvia cuts to 4%
The Bank of Latvia cut its key rate by a full percentage point on Thursday in a bid to limit the scale of its economic contraction.
Norwegian payments system passed crisis test
Norges Bank's payments system successfully handled the challenges posed by the financial crisis, the central bank said on Thursday.
Ex-FDIC's Seidman dies
Bill Seidman, the chairman of the Federal Deposit Insurance Corporation (FDIC) who presided over the savings and loan crisis, has died.
Obama administration unveils derivatives overhaul
The United States on Wednesday proposed a series of radical reforms to the derivatives industry.
Yam to join PBOC?
Joseph Yam, the chief executive of the Hong Kong Monetary Authority (HKMA), will join the People's Bank of China in the autumn, a local magazine has reported.
Russia cuts for second time in a month
The Central Bank of Russia chopped a half point off its key rate on Wednesday, little more than a fortnight after its last cut.
Devos to become BIS general counsel
Diego Devos will succeed Daniel Lefort as the Bank for International Settlements' (BIS) general counsel later this year.
Statistics hole plugged with securities guide
In response to calls from officials from around the globe, a comprehensive data set for international securities markets has been compiled by statisticians at the Bank for International Settlements (BIS), the European Central Bank (ECB) and the…
Economy healing, but Bank warns on recovery's pace
The world economy is no longer on the brink of collapse but the upswing may be more protracted than during previous post-war recessions, the Bank of England said on Wednesday.
Global monetary reform our biggest challenge: King
Reform of the international monetary system is the biggest challenge facing the world today, Mervyn King, the governor of the Bank of England, said on Wednesday.
Central Bank of Kuwait - Annual Report 2007-08
The Central Bank of Kuwait continued its efforts during the fiscal year 2007-08 to control domestic liquidity growth rates by taking various measures to manage the noticeable rise in credit facilities available in the country.
The three epochs of oil
Research by two prominent economists using the longest oil-price series available has uncovered significant trends in the price of crude.
Chile can mitigate the effect of the global crisis
Recent research by Jose De Gregorio, the governor of the Central Bank of Chile, maintains that although Chile can naturally not escape the effects of the global crisis, it is in a good position to mitigate them.
Spain's Ordoez analyses pro-cyclicality
Miguel Fernandez Ordoez, the governor of the Bank of Spain, gave an outline of the effects of pro-cyclicality in the banking system, summarising first the guidance offered by Basel II to mitigate its effects.
BoJ rate minutes: 7 April decision unanimous
Minutes of the 7 April monetary-policy meeting at the Bank of Japan, published on 8 May, show that the council unanimously supported the decision to leave the target rate at 0.1%.
Sveriges Riksbank - Annual Report 2008
The Riksbank's net income in 2008 amounted to SKr11.2 billion ($1.42 billion), an increase of SKr 7.1 billion compared with 2007.
The effects of the crisis on Norway's SWF
Norway's sovereign wealth fund, the Norwegian Pension Fund, has been hard hit by the crisis, said Jan Qvigstad, the deputy governor of Norges Bank.
Learning from previous financial crises
Research by Kenneth Rogoff and Carmen Reinhart finds that financial crises in rich countries have much in common with those in emerging markets.
Basel Committee advises on cover payments
The Basel Committee on Banking Supervision on Tuesday issued its final guidelines on cover payment messages related to cross-border wire transfers, which can be used for money laundering and terrorist financing.
Serbia and Montenegro to set up study swap
The central banks of Serbia and Montenegro have opted to share staff training.