Central Banks
Netherlands Bank paper highlights risk of excessive reliance on wholesale funding
Netherlands Bank study says multinational bank subsidiaries’ access to parent bank and wholesale funding can increase instability
Commission unveils contentious Eurobond proposals
European Commission unveils three options for Eurobonds in bid to restore stability in Europe; analysts say the measures are politically unviable and ineffective
Weak demand adds pressure on Bank of England
Bank of England Monetary Policy Committee minutes shows all members voted to hold rates despite growing signs of declining demand from UK households
FOMC disagrees over monetary policy strategy
Federal Open Market Committee discusses alternative monetary policy strategies; committee disagrees over setting a “longer-run inflation goal”
Barbados calms public fears over 'counterfeit' banknotes
The Central Bank of Barbados reassures public that notes dated 2007 but bearing the signature of the current governor are genuine; statement in response to several queries
Delawari nominated as governor in Afghanistan
Afghan president Hamid Karzai proposes reappointment of Noorullah Delawari as governor of Bank of Afghanistan; last governor fled the country in fear of life
Asset shortages fuel price bubbles: IMF paper
Fund study says higher dependence on intangible capital and scarcity of high-yield assets creates asset-price bubbles
Monetary and financial stability policy are distinct: Riksbank’s Svensson
Riksbank deputy governor Lars Svensson says financial stability policy should not be confused with monetary policy
RBA’s Debelle discusses eligibility criteria for new liquidity scheme
Reserve Bank of Australia assistant governor Guy Debelle says inclusion of self-securitised mortgage-backed securities as eligible collateral in committed liquidity facility will reduce systemic risks
Reserves act as effective insurance mechanisms during crises: Central Bank of Brazil paper
Central Bank of Brazil study says accumulation of international reserve in lead up to crisis helped reduce burden on growth
UK Royal Mint unveils Olympic kilo coins
Royal Mint reveals design of first ever coins weighing one kilo; collectors' items designed by esteemed British artists
China and Hong Kong double currency swap agreement
Hong Kong and China double currency swap arrangement; Hong Kong pushes to remain number one offshore renminbi business centre while China proceeds with internationalisation of renminbi
Sarb’s Marcus laments ‘new phase’ in eurozone crisis
Latest South African Reserve Bank Monetary Policy Review shows rising inflation and hesitant domestic economic recovery; governor Gill Marcus shares concerns as eurozone crisis rumbles on
UK financial system faces severe sovereign risks: BoE survey
Bank of England Systemic Risk Survey shows risk managers believe probability of high-impact event in the UK financial system has increased sharply in 2011
RBI’s Subbarao calls on government to address rising food prices
Reserve Bank of India governor Duvvuri Subbarao says monetary policy response to elevated food inflation is limited and improvements in supply chain management are needed
Accommodative policies risk triggering interest rate traps: Norges Bank paper
Norges Bank study says low interest rate environments provide banks with incentive to rely on public provisions for liquidity
Monetary policy should be recalibrated: BoE’s Miles
Bank of England’s Monetary Policy Committee external member David Miles says shift in housing market may require changes to the way monetary policy is formulated
Hungary seeks assistance from IMF
Hungarian government requests financial assistance from the International Monetary Fund in what has been dubbed a "new type of co-operation"
Iran appoints first female deputy governor
Iranian central bank governor appoints woman as deputy governor; takes on role of trying to stabilise fluctuating currency market in the country as sanctions are discussed worldwide
Dovish Miyao wants more QE for Japan
Bank of Japan minutes show policy board member Ryuzo Miyao voted for a ¥10 trillion monetary injection at the last meeting
FSB Asia Regional Consultative Group holds first meeting
Asian regional consultative group gathers in Korea to exchange views on key financial stability issues
Liikanen predicts emerging market over-take in 2013
Bank of Finland governor sees emerging economies overtaking developed as soon as 2013; Bank of Finland renews terms of two key central bank figures
Eurozone crisis altered sovereign spreads: IMF paper
Fund study says risk assessment of sovereigns and banking sector gradually converged as sovereign debt crisis evolved
SF Fed says mortgage market reforms can aid monetary policy
San Francisco Federal Reserve president John Williams says fiscal policy must work in tandem with monetary policy to stimulate US economy