Financial Stability
Euro-area credit standards show signs of easing
European Central Bank’s lending survey shows substantial decline in banks tightening their credit standards
Liikanen calls for post-crisis reality check
Erkki Liikanen, governor of the Bank of Finland, says optimism must be reined in
Rwanda launches mobile money scheme
François Kanimba, governor of the National Bank of Rwanda, says the new mobile money system will be closely supervised
Government criticises Bank of Japan for excessive optimism
Finance minister comments reveal split in outlook with central bank
Four steps to improve international cooperation: Fed’s Kohn
Fed vice-chairman Donald Kohn calls for a more coordinated global response to the crisis
Productivity drives banks’ international efforts
Bundesbank’s research finds that only the largest and more productive banks engage in international activity and set up foreign affiliates
Trichet rules out €30 banknote
ECB president Jean-Claude Trichet says the central bank will not issue a €30 bill after lawmaker’s request
Indian banks resilient – RBI report
Reserve Bank of India’s report shows financial sector has coped well, but systemic risk remains
Emerging economies to lead the recovery: BoJ deputy governor
Bank of Japan's Kiyohiko Nishimura says financial conditions and business sentiment in the world’s second largest economy have improved
Regulation will not stave off future crises: Bank’s Tucker
Bank of England’s deputy governor argues that regulation will not address collective-action issues; sets out macroprudential tools
Eichengreen backs Fund as global lender of last resort
Berkeley economist Barry Eichengreen believes International Monetary Fund should in time take on the mantle of global lender of last resort
Interview with Barry Eichengreen
Berkeley economist Barry Eichengreen talks to CentralBanking.com on the IMF’s new role, reserve currencies and the future of economics as a science
Norway’s Gjedrem plays down crisis impact
Norges Bank’s governor says financial crisis unlikely to feed through to real economy
Fed’s Rosengren on lessons from history
Boston Federal Reserve’s Eric Rosengren draws on crises in previous centuries to come up with broad lessons on turmoil
Plosser attacks Fed liquidity support
Philadelphia Federal Reserve president says central bank has gone “far beyond” Bagehot’s lender-of-last-resort tenet, should accept nothing but Treasuries
RBA’s Payments System Board – Annual Report 2009
Reserve Bank of Australia’s Payments System Board says payments fraud increased
Research to focus on stability: Buba’s Weber
Bundesbank’s Axel Weber says central banking studies must concentrate on financial stability and links to monetary policy
King calls for radical reform of banking
Bank of England governor pushes for root-and-branch reform, says Bank will detail macroprudential approach later this week
Bernanke: don’t lose sight of global imbalances
Fed chairman’s comments build on recent efforts by the International Monetary Fund to deal with instability of global monetary order
IMF’s Lipsky on lessons from past crises
IMF deputy managing director discusses what has been learnt from the crises, and how emerging markets have avoided the worst
Ireland hints at IMF intervention in bid to slash costs
Irish health minister Mary Harney suggests IMF will make drastic cuts if the government cannot rein expenditure in
Greenspan: too-big-to-fail didn’t exist until crunch
Former Federal Reserve chairman believed government would allow failure until government-sponsored enterprises were taken into conservatorship
No takers for Canada’s emergency operations
In a further sign that funding strains are easing, the Bank of Canada’s soon-to-be withdrawn emergency operations attract no bids
Trichet calls for fundamental financial-system change
European Central Bank president says industry needs to alter greatly in wake of crisis, says structural reforms necessary