Financial Stability
China moves to counter Olympic frauds
The People's Bank of China is introducing measures to avoid an upsurge in fraud during the Olympics.
RBA's Lowe on financial cycles
Proposals for banks to accumulate capital buffers in the good times might help smooth out the swings in the credit cycle, said Philip Lowe, an assistant governor of the Reserve Bank of Australia.
Central bank action removed liquidity threat: BoE
Senior Bank of England officials on Wednesday said liquidity tensions in global credit markets had diminished on the back of central banks' efforts.
Asia's reserves lower borrowing costs
Asian economies benefit from reduced spreads on their privately-held external debt because of their large holdings of foreign-exchange reserves, according to new research from the International Monetary Fund.
Fed carrying out covert liquidity tests - report
The Federal Reserve is subjecting the biggest investment banks to stringent liquidity tests, say reports.
Fiji: use electronic payments system more
Bank customers need to use Fijiclear, Fiji's electronic payments system, more, said Sada Reddy, the deputy governor of the country's Reserve Bank.
SWFs do not distort asset prices
Investments by sovereign wealth funds that are not economically motivated will not distort asset prices, finds new research from the European Central Bank.
RBI to introduce currency futures
The Reserve Bank of India is set to introduce currency futures after finalising rules to sell the instruments on Thursday.
We've got money to burn: Hungary
The National Bank of Hungary is offering bricks made up of its cancelled banknotes for charities to burn for fuel.
Serbia's Jelasic: more e-payments competition
The National Bank of Serbia wants to strengthen competition in payment transactions by supporting non-bank institutions, such as mobile operators, said Radovan Jelasic, the governor of the central bank.
The transmission of liquidity shocks during the crisis
The latest research suggests the emergence of new channels through which liquidity shocks were transmitted
RBI: financial inclusion crucial
Financial inclusion is the biggest challenge facing India's banking industry and the Reserve Bank of India, said Vittaldas Leeladhar, a deputy governor at the central bank.
Asset shortages lead to bubbles
High asset-price volatility may be a natural consequence of asset shortages, finds a new paper from the Bank of Spain.
Rock's Bank loan to be transferred to Treasury
British mortgage lender Northern Rock's £17.5 billion-worth ($34.2 billion) of Bank of England debt will be passed on to the Treasury, it emerged Tuesday.
Towards a new financial system
Dino Kos identifies the likely changes to the global financial system in light of the credit crunch
Bagehot revisited
The credit crisis has underlined the limited effectiveness of central banks’ lender-of-last-resort function, argues Bruce White
Why the American economy needs fiscal assistance
For all its activism, the Fed cannot address the persistent imbalances in the American economy on its own, says John Balder
Getting the policy mix right
Policymakers should pay greater attention to the links between liquidity and capital, says Glenn Hubbard
Light in Gaza
Jihad Alwazir, the governor of the Palestine Monetary Authority, tells Claire Jones how the central bank is reforming the state’s banking sector and why the institution needs to be a “jack of all trades”
RBI: lack of education limits electronic payments
A lack of education among bank staff at the branch level is the main reason for the slow adoption of electronic transfers in India, said Vittaldas Leeladhar, a deputy governor of the Reserve Bank of India.
Venezuela calms liquidity fears on Chavez takeover
The Central Bank of Venezuela has said that the country's financial system is sufficiently liquid after the nationalisation of one of its biggest banks prompted concern about the banking industry's health.
Joint Forum: reduce dependence on external CRs
Investors should never exclusively rely on external ratings when evaluating credit risk transfer instruments, says the Joint Forum, a group of senior financial regulators, in a paper on this sector.
Asian inflation may spark investor flight
If inflation continue to rise, a deterioration of investor sentiment about emerging-markets economies cannot be ruled out, said the Exchange Fund advisory committee of the Hong Kong Monetary Authority according to minutes of its June meeting.