Financial Stability
King steps up calls for global monetary reform
Mervyn King, the governor of the Bank of England, on Wednesday urged officials from around the globe to cooperate to fix the instability inherent in the current international monetary order.
SNB's Jordan cautions on low rates
Responsible behaviour on the part of homeowners, and bank discipline when granting loans, is needed to ensure that a low-interest environment does not lead to destabilisation of the property market, said Thomas Jordan, a member of the Swiss National Bank…
Realign lats: ex-Argentine chief economist
A former chief economist at the Central Bank of Argentina has claimed that the best strategy for Riga to pursue would be a contained devaluation of the lats.
Fed plans changes to repo markets - report
The Federal Reserve is considering a major overhaul to repo markets, where banks globally raise overnight dollar loans, reports say.
Belarus expects $2 billion in IMF funds
Alexander Lukashenko, Belarus's president, has said that the country expects to receive $2 billion from the International Monetary Fund (IMF) before the end of 2009.
Central banks right for stability role
One regulatory organisation in each country should be responsible for overseeing the stability of the overall financial system and that organisation should be the central bank, new research argues.
Canada to support private liquidity creation
The Bank of Canada, as the ultimate provider of liquidity to the system, is thinking through whether to adapt its facilities to support continuous private liquidity creation, said Mark Carney, the governor of the central bank.
IMF's Lipsky: expansionary fiscal policy still key
Fiscal policy in advanced and many emerging-market economies should remain expansionary at least through 2010, said John Lipsky, the first deputy managing director of the International Monetary Fund.
EU central bankers to pick stability board head
The head of the European Central Bank (ECB) will no longer automatically become the head of the proposed European Systemic Risk Board following objections from the United Kingdom, and several central and eastern European countries.
US consents to $100 billion IMF boost
The US Congress on Thursday finally agreed to a $100 billion credit line to the International Monetary Fund (IMF), pledged by President Barack Obama after the G20 meeting in London.
UK doubtful on joining ECB's Target2-Securities
Old Lady raises issues on securities transfer
Europe's banking fragility needs urgent attention
Europe's banks are so fragile that measures must be implemented within the next 12 months, a paper by Adam Posen and Nicolas Veron, two economists at the Peterson Institute for International Economics, posits.
ECB - Financial Stability Review June 2009
Most large and complex banking groups operating in the euro area appear to have enough capital to withstand severe but plausible stress scenarios, notes the latest Financial Stability Review from the European Central Bank.
King steps up bid for more Bank power
Mervyn King, the governor of the Bank of England, on Wednesday night reiterated calls for the government to grant Threadneedle Street more power to fulfil its new financial stability mandate.
Don't hike rates too early, Fed's Duke warns
Elizabeth Duke, a governor of the Federal Reserve, has noted that previous downturns have been deepened or prolonged by the premature withdrawal of monetary or fiscal stimulus.
Ireland's Hurley covets stability role
John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, said that he would strongly support full integration and coordination within the Irish central bank of responsibilities for both financial stability and micro…
Price affects public's payments instrument choice
The prices of payment services influenced the public's choice of payments instrument, finds the latest Annual Report on Payment Systems from the Norges Bank.
Reserves good insurance for emerging markets
Accumulating foreign-exchange reserves remains "pretty good insurance" for emerging markets, new research from Deutsche Bank posits.
Bank paper unveils new systemic-risk model
A paper published by the Bank of England on Monday has revealed a systemic-risk monitor that accounts for the relationship between liquidity risk and financial stability.
Measuring financial stability
Difficulties in measuring financial stability should not delay the implementation of an operational framework, research published by the Bank for International Settlements (BIS) argues.
Ex-Fed's Volcker backs global currency
Paul Volcker, a former Federal Reserve chairman, on Thursday argued that the "ultimate logic" of an international financial system was a world currency, but acknowledged that there were no credible alternatives to the dollar for "many tomorrows".
Mexico to contribute more to IMF: Ortiz
Guillermo Ortiz, the governor of the Bank of Mexico, has said that the country will contribute more to International Monetary Fund (IMF) coffers in future.
Trade spillovers hit Baltics most
Trade channels dominate the transmission of cross-border spillovers to the Baltic States, a new paper from the International Monetary Fund reveals.
Efficient payment systems boost intermediation
Efficient payment systems increase financial intermediation and the availability of credit, new research from the Bank of England posits.