Financial Stability
News analysis: Gulf economies: divided we stand
Kuwait’s decision to loosen its dollar peg may herald an era of greater national economic independence in the Gulf, writes Narayan Lakshman.
Scorecard for Bulgaria’s currency board
After ten years of running under a new law, Bulgaria’s central bank can be proud of its record, writes Steve Hanke
China's first payment system development report
The People's Bank of China issued the first report on developments in the country's payment systems on Tuesday. The report reveals the progress, relevant data and the future policy orientation of the payment systems in the country.
Philippines: e-rediscouting system
In a speech made on the launch of an electronic rediscounting system, Amando Tetangco Jr, governor of the central bank of the Philippines, said that the system would expand access to credit of countryside areas in the Mindanao region.
Trichet: no complacency on sub-prime markets
In an interview Jean-Claude Trichet, president of the European Central Bank, said he remained cautious of the crisis of the sub-prime market in the United States.
Forces shaping payments markets - report
The August letter from the Chicago Fed summarises the major findings from a recent conference on changes in payments systems.
ECB calls for new debit card schemes
The European Central Bank (ECB) would like to see the emergence of new debit card schemes to rival the dominance of Maestro.
RBA's Stevens on the Asian crisis
The Asian crisis dramatically changed thinking about the nature of economic and financial crises, the policies for dealing with them, and the role of the various bodies charged with fostering economic and financial stability, explains Glenn Stevens, a…
BIS report on foreign exchange settlement risk
A new report from the BIS surveys foreign exchange settlement risk in over 100 banks and other institutions active in forex markets.
Financial-stability stress testing at BoE
Nigel Jenkinson, an executive director at the Bank of England, set out plans for a suite of models to map the effects of financial system stress.
Turkey's payment systems
The Bank for International Settlements (BIS) published a report on payments systems in Turkey on 3 July.
Shift to e-payments leads to Fed job cuts
The US Federal Reserve reductions in cheque processing is likely to result in more than 210 jobs being cut at the Minneapolis Fed, as consumers shift from paper checks to electronic payments.
ECB's Gonzalez-Paramo on financial stability
In this speech delivered in Istanbul on 28 June 2007, Jose Manuel Gonzalez-Paramo, a member of the Executive Board of the European Central Bank, admits that the "analytical foundations are relatively new, as evidenced by the absence of a universally…
ECB's financial stability review
The European Central Bank published its biennial overview of sources of risk and vulnerability for financial stability in June.
Fed to streamline cheque processing
As consumers shift to electronic payments, the Federal Reserve Banks set out plans to streamline cheque processing.
RBA's Lowe on the 2007/08 review of payments
Speaking at the 4th International Consumer Credit Card Summit in Sydney, Philip Lowe set out the Payment System Board's plans for its review this year.
Target2 progress report
With all the hype surrounding the ECB's T2S, it is easy to forget that the launch of the Single Shared Platform (SSP) for the Target2 payments system is less than five months away.
BoE's governor blames banks for £5 note shortage
Mervyn King, governor of the Bank of England, criticised the short supply of "fivers" in his annual Mansion House speech on 20 June.
ECB's June Financial Stability Review
The European Central Bank published its June 2007 Financial Stability Review on 15 June. The report notes that "profitability in both the banking and insurance sectors has been improving" and "the financial system was again tested by the third…
Chicago Fed paper on mobile payments
Will mobile payments go the way of the stalled smart-card revolution of the 1990s? This Chicago Fed letter looks at these new payments fit into the larger payment system.
Kiraly new deputy governor in Hungary
The Governor of the Magyar Nemzeti Bank, Andras Simor, has proposed Julia Kiraly as the central bank's new Deputy Governor.