Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Buba's Weber: no surprise states keen on euro
It is no wonder that many of those in small boats are seeking to dock in the large ship European economic and monetary union (EMU), said Axel Weber, the president of the Bundesbank.
RBA on why it kept policy rate unchanged
The Reserve Bank of Australia decided to "pause for a further evaluation" of the economic situation and so leave the cash rate unchanged at 3.25%, according to minutes of the March meeting.
Fullani highlights main risks to Albania
The drop-off in remittances and a tightening of financing conditions are the main threats from the global crisis to the Albanian economy, said Adrian Fullani, the governor of the country's central bank.
Basel II procyclical: Norges Bank
Basel II introduces an additional source of procyclicality into the banking sector, a new paper from Norges Bank finds.
South Africa's Mnyande: no time to sit and wait
Strengthening southern Africa's ability to prevent future crises is vital, Monde Mnyande, the chief economist of the South African Reserve Bank, has warned.
Central banks join the flight to quality
The financial turmoil has had a major impact on central banks' reserve-management policies.
Italy's Draghi calls on banks to raise capital
Mario Draghi, the governor of the Bank of Italy, has urged the country's banks to increase their capital ratios to shore up confidence in the financial sector.
Serbian governor contradicts Belgrade on EU aid
Radovan Jelasic, the governor of the National Bank of Serbia, has said that central and eastern European states should avoid over-reliance on European Union (EU) aid just hours after it emerged that Belgrade was seeking assistance from Brussels.
How the US can abate anger at bankers' bail-out
Brendan Brown, the chief economist at Mitsubishi UFJ Securities, offers two remedies to temper public outrage at the bail-out of Wall Street.
BoJ pledges up to 1 trn in subordinated loans
The Bank of Japan is to offer its banks subordinated loans worth up to 1 trillion ($10.1 billion) to bolster its banking sector, crippled by the recent slump in equity prices.
AIG succumbs to political will, names recipients
In a surprise move, American International Group (AIG), a beleaguered insurer, has revealed the recipients of $105.3 billion-worth of federal funds after coming under intense pressure from politicians to do so.
New measures for housing inflation needed
Policymakers lack appropriate measures of inflation for the market in owner-occupied housing services, argues a new paper form the Philadelphia Federal Reserve.
Policy can make deflationary episodes more costly
The costs of previous deflationary episodes have been exacerbated by inappropriate policy responses, a new paper from the Bank of England posits.
Fiji's Narube on productivity
Fiji's rate of productivity is extremely disappointing, said Savenaca Narube, the governor of the Reserve Bank of Fiji.
Serbia seeks more IMF, EU aid
Serbia is in talks with the International Monetary Fund (IMF) and the European Union (EU) to secure more emergency funding to bolster its reserve stockpile and limit the social impact of the crisis.
Bernanke admits Fed failed in regulatory role
Ben Bernanke, the chairman of the Federal Reserve, has acknowledged that the central bank could have done a better job in preventing the financial crisis.
Bric economies call for greater voice
Brazil, China, Russia and India, the four leading emerging-market economies, have pressed for a greater say in the running of the Bretton Woods institutions.
A new monetary policy for the Fed
Jane D'Arista, an economist, has proposed a new countercyclical method of monetary control to enhance the Federal Reserve's ability to respond to credit contractions and expansions, in a new paper published by the University of Massachusetts Amherst.
Buba on savings banks and liquid assets
Savings banks hold a higher amount of liquid assets for each unit of sight deposits than regulation requires, posits a new paper from the Bundesbank.
BoE's Barker confident on quantitative easing
Increasing the money supply is a significant move that will prop up the economy, said Kate Barker, a member of the Bank of England's Monetary Policy Committee.
Canada's Longworth faults VaR
Methodologies based on Value at Risk (VaR) that are too dependent on short historical samples cause procyclicality, said David Longworth, a deputy governor of the Bank of Canada.
FSA's Sants heralds "supervisory revolution"
Limitations of a purely principles-based regulatory regime have to be recognised, Hector Sants, the chief executive of the Financial Services Authority (FSA), the British industry regulator, has conceded.
Chile makes mammoth rate cut
The Central Bank of Chile chopped 250 basis points off its key rate on Thursday, saying that it expected inflation to slide speedily.
De Larosiere, Dodge to lead new global watchdog
Jacques de Larosiere and David Dodge are to head a private-sector-sponsored international monitoring group tasked with assessing risk and fostering stability.