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Fed bailout critic Stern to step down
Gary Stern, the president of the Minneapolis Federal Reserve and a vociferous critic of the Fed's recent bailouts, is to retire. He is the longest-serving senior Fed official.
Congress clamps down on Fed opacity
Pressure on the Federal Reserve to declare the recipients of its loans stepped up on Thursday after the Senate backed legislation which supports the outlawing of Fed borrowers' anonymity.
Irish economy to shrink by 7%: central bank
The Irish economy is set for an even worse year than previously thought, according to the latest forecast by the country's central bank.
Fed right choice for stability role: KC's Hoenig
The Federal Reserve must fill the role of financial-stability regulator, said Thomas Hoenig, the president of the Kansas City Fed.
A model for market expectations about inflation
The Bank of Spain has devised a new model for market expectations about the inflation rate.
The effect of China's fiscal stimulus on output
China's fiscal spending of Rmb2 trillion ($293 billion) in 2009 could lead to Rmb1.7 trillion ($249 billion) direct increase of output, a new paper from the Hong Kong Monetary Authority posits.
Fiji appoints new financial markets head
Faizul Ariff Ali is the new chief manager of the Reserve Bank of Fiji's financial markets division, the central bank announced on Wednesday.
Agenda set for derivatives industry
A meeting at the New York Federal Reserve on Wednesday of the major players in the over-the-counter derivatives market culminated in a four-point agenda for the industry.
Long-run forecasts a good anti-deflation tool
The Federal Open Market Committee's new long-run inflation forecast reduces the chance of a deflationary spiral, a new paper form the San Francisco Federal Reserve posits.
Denmark's Bernstein plans to stock up on reserves
The National Bank of Denmark will need to maintain a larger foreign-exchange reserves stockpile than in recent years, said Nils Bernstein, the governor of the central bank.
Harsh standards prompt drop in secured UK loans
Tighter lending conditions have sparked the steepest-ever climb in British housing equity in the last quarter of 2008.
Markets surge on G20 $1 trillion recovery package
Equity markets in Europe and the United States soared on Wednesday on news that global leaders had pledged an extra $1 trillion to spur an economic recovery.
FSF details reform proposals
A leverage ratio, less risky pay deals and closer work on cross-border contingency planning are among the measures for a new global regulatory code outlined by the Financial Stability Forum on Wednesday.
Swiss National Bank - Annual Report 2008
The Swiss National Bank's balance sheet substantially lengthened in 2008, notes the central bank's latest Annual Report.
Canada's Carney: don't cut off banks from markets
Banks should not be divorced from the markets to avoid liquidity problems. Instead the perimeter of regulation should be expanded, said Mark Carney, the governor of the Bank of Canada.
IMF to enhance borrowing terms for the poor: Lipsk
The International Monetary Fund (IMF) is redesigning its lending policies for low-income countries, said John Lipsky, the first deputy managing director of the fund.
Mexico may tap Fed, IMF credit lines
Felipe Calderon, Mexico's president, said on Tuesday that the country was eligible to take a $40 billion credit line with the International Monetary Fund (IMF) as speculation mounted that the Bank of Mexico would soon use its $30 billion arrangement with…
Banks reforming pay deals, says industry group
The Institute of International Finance (IIF), a global organisation for the banking industry, has said that financial firms are overhauling their compensation practices to reflect a longer-term outlook.
G20 protests converge on Bank of England
The Bank of England on Wednesday was surrounded by anti-capitalist protesters, converging on Threadneedle Street to vent their anger at the crisis on the eve of the London G20 summit.
Monetary union could improve British stability
The British economy's stability would be enhanced by euro adoption, a new paper from the St Louis Federal Reserve posits.
All US states contract for first time on record
The economies of all of the 50 American states shrank in February for the first time since records began in January 1979.
Soros urges G20 to agree on SDR reallocation
George Soros, one of the world's most renowned hedge-fund managers, has called on G20 leaders to endorse the reallocation of rich country's SDR quotas with the International Monetary Fund (IMF).
A solution to the reserves riddle
There has been an anomaly between what is in the national interest and what is in the global interest on the issue of reserves. However, this does not have to be so.
RBA's Richards: housing shortfall welcome
The relative tightness of the Australian housing market is one factor that will support home-building in the period ahead, said Anthony Richards, the head of the economic analysis department at the country's central bank.