Financial Stability
Baby boomers sell-off may depress equities: SF Fed paper
San Francisco Federal Reserve study says demographic shifts in US may present headwinds for stock markets
One-third of higher liquidity provisions were strategic: ECB paper
European Central Bank study says change in some banks’ bidding behaviour during the crisis reflected their strategic response to competitors
Canada’s Macklem encourages G-20 action to avoid another ‘calamity’
Bank of Canada senior deputy governor, Tiff Macklem, urges G-20 to pick up the pace of reform
Sarb’s Marcus calls for unified commitment to recovery from Western leaders
South African Reserve Bank governor Gill Marcus says lack of confidence and trust leadership in US and Europe has undermined the global recovery
Capital inflows must be better monitored: BoJ paper
Bank of Japan study says framework to monitor capital inflows must be improved to reflect increase in volume
Payments Council lambasted over cheques plan
Treasury Select Committee leaves damning verdict over Payments Council's original decision to abolish system for cheque clearance; says industry-led body should be more heavily regulated in future
Atlanta Fed welcomes faster card chip migration
Atlanta Federal Reserve says decision by credit card companies to accelerate chip migration will provide roadmap for merchants
Fiscal policy in Cemac region strongly procyclical: IMF paper
Fund study finds evidence of procyclical nature of fiscal expenditure in Cemac countries
PboC adviser calls for urgent reform in the West
People’s Bank of China adviser Li Daokui says Europe and the US must introduce further reforms to address their chronic economic problems
Austria’s Nowotny fears delay in ratification of EFSF
National Bank of Austria president Ewald Nowotny expresses concern that new European Financial Stability Facility powers will not be phased in by October
Gono warns government against ‘firing harmful, verbal economic gunpowder’
Gideon Gono says no intention to withdraw foreign banks’ licences; rebukes Zimbabwean government for issuing warning of nationalisation
The fractured global monetary system
Robert Pringle reflects on the 40th anniversary of Bretton Woods
Would Spain be better off out of the euro?
Domingo Cavallo compares the economic performances of the UK and Spain during the crisis to see if being ‘out’ is better than being ‘in’
Conflicts of interest in central banking
The crisis has highlighted how interests can diverge in the monetary policy-making bodies of federal central banks, writes Daniel Gros
Nigeria banking gets back on its feet
Deputy governor Kingsley Chiedu Moghalu explains how the Central Bank of Nigeria has restructured the country’s banking sector and regulatory architecture since the financial crisis
RBNZ admits policy response to housing bubble was 'too slow'
Reserve Bank of New Zealand says monetary policy was too slow to react to build-up in housing prices during 2000s
Capital controls are effective on occasions: IMF report
Fund study says there are benefits and risks associated with implementing capital controls
Carney discusses handling of global debt crises
Testifying before the House of Commons Standing Committee on Finance, Carney discusses the handling of debt crises in both the US and the eurozone
Vote now: Should Greece leave the euro?
CentralBanking.com is running a poll to gauge readers' thoughts on the breakdown of the eurozone
Ireland’s Honohan on risks of increased globalisation
Central Bank of Ireland governor Patrick Honohan says greater globalisation boosted Ireland’s economy but also left it open to debt vulnerabilities
Risks to Korean banking sector have declined: IMF paper
Fund study says Korean banks face less financial and contagion risk since the financial crisis
Outlook rosier towards the East: ECB paper
European Central Bank study says macroeconomic fluctuations look better in the east than west
European markets plummet as bank taps ECB dollar swap line
European Central Bank extends $500 million loan to unknown bank as equity markets move lower on concerns over health of banking sector