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US payments systems still evolving
Research by the Kansas City Federal Reserve looks back at some early payments systems and examines their status today and where they may be heading.
India ex-finance minister calls for "massive" cuts
A former Indian finance minister has called on the Reserve Bank of India to cut rates drastically in order to buoy the country's flagging economy.
US experience so similar to ours: Japan deputy
The current situation in the United States bears a "remarkable resemblance" to Japan's lost decade, Kiyohiko Nishimura, a deputy governor at the Bank of Japan, has said.
NY Fed's Dudley to fill Geithner's boots at CPSS
William Dudley, the president of the New York Federal Reserve who took over from Tim Geithner earlier this year, will also replace his former boss as chairman of the Committee on Payment and Settlement Systems.
LatAm leaders pledge $7bn to Bank of the South
Leaders from seven of Latin America's biggest economies have agreed to provide $7 billion as start-up capital to the Bank of the South, a proposed regional counterweight to the Washington-based Bretton Woods institutions.
Fed's Lacker blames safety net for crisis
A senior Federal Reserve official has said that the implicit guarantee that the government would step in and save those institutions deemed too big to fail was a key cause of the current economic malaise.
Chile cuts to record low
The Central Bank of Chile cut its benchmark rate to an all-time low of 1.25% on Thursday.
Riksbank upgrades Latvian swap line
The Riksbank has extended its swap line with the Bank of Latvia and raised the amount on offer to €500m ($675m).
RBI's Mohan to move to Stanford
Rakesh Mohan, a deputy governor at the Reserve Bank of India, is to leave the central bank next month to take up a role at Stanford University.
NY Fed's Friedman quits over Goldman controversy
Stephen Friedman, the chairman of the New York Federal Reserve, has resigned after coming under pressure for buying shares in Goldman Sachs, an investment bank.
Fed's Maiden Lane down $10 billion
More than 14% was wiped off the value of the assets held on the Federal Reserve's books as collateral for its bailouts of Bear Stearns, a now defunct investment bank, and American International Group (AIG), a beleaguered insurer, in the three months to…
Fed loan survey shows signs of recovery
The most recent Senior Loan Officer Survey from the Federal Reserve found some evidence of economic recovery emerging.
How to strengthen Islamic finance - HKMA's Lau
In a speech in Singapore, Edmond Lau, the executive director for monetary management at the Hong Kong Monetary Authority, listed six elements for promoting the stability, integrity, diversity and efficiency of financial intermediation across…
Bank of Thailand - Annual Report 2007
The Thai economy grew by 4.8% in 2007, the country's central bank reported in its latest Annual Report.
Italy's Draghi on FSB initiatives
In a speech to the International Monetary and Financial Committee last month, Mario Draghi, the governor of the Bank of Italy and the chairman of the Financial Stability Board (FSB), reported on the progress the board had made in the three weeks since it…
China warns on QE inflation threat
The People's Bank of China has said that quantitative easing posed huge risks for international markets and the global economy.
Central Bank of Iceland - Monetary Bulletin
In view of the uncertainty related to the global financial crisis, the Central Bank of Iceland's latest Monetary Bulletin has noted that capital controls must be removed cautiously.
Fed's Bernanke sees improved market conditions
Conditions in a number of financial markets have improved in recent weeks, said Ben Bernanke, the chairman of the Federal Reserve.
Bank expands quantitative easing by £50 billion
The Bank of England's Monetary Policy Committee on Thursday increased the size of its quantiative easing programme by £50 billion ($75.2 billion) to £125 billion.
Iceland cuts by 250bp, eases capital controls
The Central Bank of Iceland's Monetary Policy Committee chopped 250 basis points off its benchmark policy rate on Thursday. The cut, which leaves the rates at 13%, comes as the central bank agreed to relax some capital controls.
Malaysia's Zeti: financial inclusion still a goal
We must not lose sight of our financial-inclusion agenda, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, has warned.
Bernanke defines macroprudential approach
Ben Bernanke, the chairman of the Federal Reserve, on Thursday detailed how a macroprudential approach to regulation would look.
ECB steps up recession fight
The European Central Bank (ECB) on Thursday announced a raft of measures, including outright purchases of corporate debt, to embolden its response to the eurozone recession.
Canada's Carney stresses policy flexibility
The Bank of Canada retains considerable monetary-policy flexibility despite rates being near the zero bound, said Mark Carney, the governor of the central bank.