Reserves
Interview: George Milling-Stanley on gold
The managing director, government affairs at the World Gold Council discusses central banks' recent purchases of the precious metal
Roots of CIC investment strategy lie in US relationship
Research sees strategic investment as outcome of Sino-American relations; portfolio management owe little to Santiago Principles a consequence
IMF: Bolivia foreign reserves adequate
Research charts developments since 2005
$500 billion reserve drain made crisis worse: IMF’s Ferhani
Deputy director says IMF research shows central bank reserve managers withdrew $500 billion from deposits at commercial banks during crisis
Gold could play solid stability role
World Gold Council's George Milling-Stanley pushes for Basel III and SDR to be gold plated
Russian central bank “lacks capacity” to handle assets
Russian sovereign fund management chief says new agency will take debt and asset responsibilities over from central bank, Russian reserve stash severely depleted by financial crisis
Emerging markets will overhaul reserve methods: Thai deputy
Bank of Thailand vice governor Atchana Waiquamdee says crisis has rendered traditional measures of reserve adequacy “meaningless” for cautious emerging markets
Euro should not covet reserve role
Panellists in CentralBanking.com web seminar say becoming a reserve currency would hamper recovery
Central bankers see reserve future for renminbi
Central Banking Publications poll points to renminbi becoming reserve currency in the long term
Bank of Israel back in the black by $374m
Israeli central bank declares a modest profit for last year, following $160m loss in 2008 and $1.4 billion loss the year previous
Danish central bank sees profit drop 41%
National Bank of Denmark reports $500m tailing off in profits for 2009, puts development down to interest rate changes
Fed: safety net is too big
Richmond Federal Reserve research flags dramatic expansion of safety net
Household consumption falls in China: RBA
Despite household consumption expenditure in China continuing to rise, the share of household consumption in total expenditure has declined
China to keep up T-bill purchases; cautious on gold
State Administration of Foreign Exchange chief Yi Gang says the country will not rely excessively on gold, adds that political relations with US will not affect Chinese treasury holdings
Norges Bank sees $1.28 billion loss
Norwegian central bank says deficit the result of the appreciation of its currency; cannot transfer funds to the country’s Treasury as a result
Fernández’s central bank raid finally succeeds
Hours after admitting defeat on emergency decree, President Fernández plunders central banks reserves through new measures
Argentine president drops efforts to plunder reserves
President Fernández abandons plans to raid central bank’s coffers to repay national debt for now
Ex-Sarb’s Mboweni to chair AngloGold Ashanti
Former South African Reserve Bank governor Tito Mboweni appointed chairman of gold mining company
IMF to sell gold in the market
Fund’s move comes after offer of sale to central banks
Three things you should know about Chiang Mai
The Chiang Mai initiative has cemented Asian financial stability. Jayant Menon, a principal economist at the Asian Development Bank, highlights three key themes to take from the project
Triple A rating “ours to lose”: King
Bank of England’s Mervyn King says downgrade unlikely given Britain’s strong track record and maturity of government bonds
Modeling the demand for reserves
A new working paper from the Swiss National Bank estimates a demand curve for central bank reserves
Malawi’s reserves insufficient and volatile: Ligoya
Reserve Bank of Malawi’s Perks Ligoya says export diversification needed to generate stable foreign-exchange income
Swiss profits soar to $10 billion
Gold gains will see the Swiss National Bank book CHF10 billion in profits for 2009