Central Banks
IMF report backs 'appropriate' Swiss currency floor
IMF supports Swiss National Bank currency floor policy; says floor is “appropriate" and discusses relative success to date
New deputy governor notes increasing Swedish economic dependency
Kerstin af Jochnick describes points of importance relating to monetary policy and financial stability; highlights growing dependency of Sweden on events abroad
Honohan discusses lessons from central banks' response to financial shocks
Governor of the Irish central bank outlines lessons for central bankers from the impact of shocks to financial system
BIS paper examines potential substitute monetary policy tools
Bank for International Settlements working paper discusses potential for interest rate and capital adequacy requirement tools to contribute to financial stability
IMF research examines impact of China on commodity markets
International Monetary Fund working paper examines impact of aggregate activity in China on commodity markets; finds Chinese activity impacts majorly on oil markets
Sarb paper examines inflation annoucement influence on currency market
South African Reserve Bank working paper examines link between inflation announcements and short-term currency fluctuations in South Africa
Bahrain modernises cheque truncation system
Central Bank of Bahrain announces same day cheque clearing system will go live on May 13; system is part of initiative to improve efficiency and confidence in cheques
First CSDs sign T2S Framework Agreement
Senior European Central Bank officials commend first nine European central securities depositories to sign Framework Agreement for T2S central settlement project
Malawi devalues kwacha to boost economy
Malawi ends peg to dollar; hopes to speed government’s efforts to restart International Monetary Fund aid programme
Lagarde calls for ‘gradual’ austerity moves
Lagarde calls for gradual and country-specific approach to austerity; says supply-side measures needed to achieve sustainable growth
Estonia issues 50 million new coins
Bank of Estonia announces increased stock of 1- and 2-cent coins; also discusses new role in producing euro banknotes
Canada's Murray dispels 'popular misconceptions' about monetary policy
Bank of Canada deputy governor discusses ‘popular misconceptions’ concerning monetary policy formation
IMF research discusses bank capitalisation as a signal
International Monetary Fund working paper discusses bank capitalisation levels as market signals and the role of supervisory authorities
Research calls for reduction in trade barriers between Asia and Latin America
Joint research by Asian Development Bank and Inter-American Development Bank calls for barriers to trade to be reduced between regions
Zeti outlines key factors in ensuring sustainable growth in Asia
Zeti Akhtar Aziz discusses factors important in ensuring sustainable growth and stability in Asia
BoE’s Tucker calls for international co-operation on bank resolution
Deputy governor of the Bank of England highlights challenges for policy-makers in setting up international resolution regimes and calls for cross-border vetting of resolution mechanisms
Banque de France research examines links between inflation and monetary policy
Banque de France working paper examines link between inflation expectations, monetary policy and the eventual rate of actual inflation in the US economy
Bank of Lithuania names Rūta Rodzko director of economics and financial stability
Restructuring at Bank of Lithuania sees Rūta Rodzko appointed to lead new economics and financial stability service
Asian central banks urged to keep interest rates on hold
Chief economist of the Asian Development Bank urges caution from policy-makers regarding interest rates; says impact of eurozone bank deleveraging already incorporated into ADB’s growth forecasts
RBA fears downturn in Asia due to euro area contagion
Reserve Bank of Australia expresses fears about potential contagion from Europe hitting export markets in Asia