Central Banks
Haldane dismisses talk of monetary and macro-prudential tensions
Bank of England’s Andrew Haldane says it is a ‘virtue’ that different tools can be used to meet conflicting objectives; backs central banks for macro-prudential responsibilities
Kuroda touts QQE success in Washington
BoJ governor tells Bretton Woods Committee that Japan's aggressive monetary easing policy is ‘exerting its intended effects'
EC's Pearson urges US and European regulators to ‘talk the same language'
European Commission's financial markets head tells US and European regulators to find common ground on the technical details of their reform programmes; Cyril Roux backs greater cooperation
Inclusion begets stability, Bangladesh Bank governor says
Atiur Rahman argues loans to diverse small-sized firms make for lower aggregate credit risk than big loans to ‘a few large borrowers'
Commodity price shocks may unhinge eurozone inflation, ECB article says
Higher and more volatile commodity prices risk rendering conventional forecasts based on futures prices obsolete, with knock-on effects for inflation
BoE and IMF unveil changes in finance and fiscal departments
Bank of England appoints finance director and starts hunt for court of directors chair; IMF director of fiscal affairs stands down; Bank of Namibia assistant governor quits; and more
Big European companies reject third-party reporting for derivatives
Corporates fear they will still pay the penalty if mistakes are made by delegated reporting services
Draghi reframes push for ‘perfect union’ in Europe
ECB chief Mario Draghi says the concept of sovereignty should be considered from the perspective of an individual European, rather than an individual European state
Riksbank paper evaluates inflation conservatism
Researchers consider how the timing of fiscal and monetary policy decision impacts the desirability of strict inflation targeting
Central Bank of Brazil raises rates for fifth time in row
Unanimous vote hikes Selic rate to 9.5% – 2.25 percentage points higher than in April - in effort to combat inflation; Reserve Bank of India, meanwhile, provides financial system with more liquidity
Opposing Fed camps dig heels in on QE
Minutes from the FOMC’s September meeting highlight the deep and persistent divide between its participants; Obama points to Yellen’s ability to build consensus and personal strength
ECB agrees €45 billion bilateral swap line with PBoC
European Central Bank joins a long list of central banks with renminbi swap line with the People’s Bank of China; deal is smaller than some speculated
Higher interest rates would have hurt savers, says ECB's Cœuré
Executive board member says loose monetary policy does not stem from a desire to favour borrowers, but as a necessary response to bring the world economy back to growth and ultimately help savers
Bank of Albania governor highlights impact of euro crisis on non-EU members
Eastern European countries that are home to branches and subsidiaries of eurozone banks fell victim to lenders' lower risk tolerance and insufficient regulatory coordination, says Ardian Fullani
New $100 bill the ‘most sophisticated piece of currency' to date, says Fisher
Most counterfeited US bill is embellished with new security features to 'deter bad guys' and protect consumers and businesses from losses
Thai governor says the fate of emerging markets rests on institutional progress
Prasarn Trairatvorakul says the destinies of emerging markets are "not strictly bound to each other" and will depend on the quality of institutions in each individual country
Banque de France paper offers alternative to China's exchange rate regime
Banque de France working paper outlines alternative model to China's exchange rate policy involving capital mobility and no central bank intervention
US resolution on debt ceiling ‘critical for global economy’, says BoJ’s Nakaso
Bank of Japan deputy governor Hiroshi Nakaso says the biggest threat to the US economy is the on-going dispute between politicians in resolving the debt ceiling; QQE in Japan remains on track
Bank of Finland paper quantifies Basel II shortcomings
Researchers evalute the extent to which the low level of loss-absorbing capital prescribed by Basel II increased the risk of unexpected loan losses taking out a bank
SNB chair shrugs off critique of Swiss exchange rate ceiling
Thomas Jordan says Swiss franc peg prompted by 'safe haven' status is neither at odds with long-standing current account surplus nor undermining adjustment of global financial imbalances
Janet Yellen set for nomination as Fed chair
US President Barack Obama expected to nominate Janet Yellen as Ben Bernanke’s successor; would be first female appointment to top job