Financial Stability
IMF lends to El Salvador, Serbia
The International Monetary Fund (IMF) on Friday said it would loan more than $1 billion to Serbia and El Salvador to ward off the threat of financial instability.
Tuvalu applies for IMF membership
Tuvalu is looking to become the 186th member country of the International Monetary Fund (IMF).
London's lifelines lack coherence
The dangerously mixed messages underlying the British government's rescue attempts threaten to derail efforts to secure stability, argues Robert Pringle, the editor-in-chief of Central Banking journal.
Zim to set denomination record for issued note
The Reserve Bank of Zimbabwe is to introduce the highest-ever denomination issued note - worth Z$100 trillion.
Dublin nationalises third-largest lender
The Irish authorities on Thursday took control of Anglo Irish, the country's third-largest lender, on fears that negative market sentiment could spark a run on the bank.
BoA rescued as Congress grants $350bn for Tarp
Washington has granted Bank of America, the United States's third-largest lender, up to $138 billion in federal aid on signs that a batch of assets taken onto the lender's balance sheet following its buyout of failed investment bank Merrill Lynch could…
BoE's Gieve: market signals mixed
The fortunes of the financial markets in the New Year have been mixed, said Sir John Gieve, the deputy governor of the Bank of England.
Hard-to-value assets halt investment - Fed's Kohn
The large quantity of hard-to-value assets remaining on financial institutions' balance sheets is acting as a barrier to private investment, said Donald Kohn, the vice-chairman of the Federal Reserve.
Government should not give in to fear
The government should not capitulate when the public shows an excessive fear towards risk, says a new paper from Harvard's John F. Kennedy School of Government.
We should have warned Europe more: IMF's Belka
The head of the International Monetary Fund's European department has acknowledged the Fund failed to adequately warn European states of the risks from the fallout of the financial crisis.
Philippines' Tetangco: 2009 will be critical
Philippines ended 2008 fairly unharmed from the global financial turmoil but 2009 is critical, said Amando Tetangco, the governor of the Central Bank of the Philippines.
Innovation impacts money demand
Technological developments affect average money holding and interest elasticity of money demand, research from the Bank of Italy notes.
Banking system stability measures - a new model
A paper from the International Monetary Fund, co-authored by Charles Goodhart, a former member of the Bank of England's Monetary Policy Committee, presents a new method for estimating the impact of stability measures on the banking system.
Israel's Fischer: banking system still strong
In contrast to the health of the global banking system, Israel's lenders remain strong, Stanley Fischer, the governor of the Bank of Israel, said.
Bernanke revisits idea of toxic asset purchases
Ben Bernanke, the chairman of the Federal Reserve, on Tuesday mooted several ways in which American authorities could remove toxic assets from banks' balance sheets. He also said that more capital injections and guarantees may be required to ensure…
Ex-MPC members offer solutions to crunch
A financial stability committee, a derivatives exchange and a pan-EU regulator were among the ideas suggested to stave off future credit crises by an influential group of British-based economists on Tuesday.
Paper charts changes in US retail payments
The Kansas City Federal Reserve has published research covering changes to the American retail payments system, which is now is in the midst of a transformation.
Number of forged euro notes hits record high
The number of counterfeit euro banknotes seized soared by 13% in the second half of 2008, the European Central Bank (ECB) said on Monday.
The cure's the real challenge, not the disease
The greatest challenge for the American economy is not just the recession but how we choose to address it, Thomas Hoenig, the president of the Kansas City Federal Reserve, has said.
Banks and liquidity: a theoretical view
A model analysing the interbank market and liquidity crises indicates that banks need to be more liquid.
Gulf states strong - Bahrain's Al-Majar
The Gulf states are in a strong position to withstand the financial crisis, said Rasheed Al-Majar, the governor of the Central Bank of Bahrain.
Ireland's Hurley to stay on after term ends
The governor of Ireland's central bank, John Hurley, has agreed to stay on beyond the official end of his first seven-year term in March.
Eichengreen: ideology slowed response to crisis
Ideology delayed US officials in taking necessary steps after the credit crisis erupted, says Barry Eichengreen, a financial historian based at the University of California, Berkeley, in a new paper.
BoE - Credit Conditions Survey
UK lenders report rise in default rates and losses on lending to households and private non-financial corporations, says the Bank of England's Credit Conditions Survey for the last quarter of 2008.