Central Banks
BoJ’s Miyao says deflation 'overriding issue' in Japanese economy
Bank of Japan policy board member says if the central bank pursues its monetary policy solely to meet inflation target, it would harm the development of the economy
BIS working paper focuses on Asian credit booms
Bank for International Settlements research finds international credit booms foster domestic credit surges in developing Asian economies
ECB’s Cœuré urges governments and banks to act
Benoît Cœuré says monetary policy alone cannot solve eurozone crisis; highlights need for banks and governments to play a role in addressing causes of problems
Currency floor breach raises questions over SNB policy
The Swiss National Bank should consider enlisting the help of top-tier banks to keep EUR/CHF above 1.20, forex traders suggest
Asmussen offers ECB's take on Irish path to recovery
Jörg Asmussen says Ireland has come a long way but still has work to do; expresses confidence further emergency support from eurozone will not be necessary
'Heavy' gold purchases expected to continue in 2012
GFMS report says emerging economies will continue to turn to gold as they diversify reserves away from US dollar; "trivial" official sector gold sales recorded in 2011
Lagarde hopes for progress on IMF resource increase
IMF managing director sets out hopes for Spring Meetings; wants to see increase in resources and emerging market representation reform agreements
Norges Bank withdraws coin from circulation
Norwegian central bank issues reminder that 50-øre coin will no longer be legal tender after May 1; urges public to spend or exchange the coins ahead of that date
Beige Book signals modest US growth
Federal Reserve summary finds modest growth reported by all districts amid concerns about petroleum prices; manufacturing sector expansion also noted
Fed’s Yellen discusses timeline for interest rate change in US
Federal Reserve vice-chair says gradual pace of recovery means interest rates likely to remain low until late 2014
IMF working paper discusses cashflow sensitivity since financial crisis
IMF research links firms' cashflow sensitivity and their ability to use physical assets as collateral since the financial crisis
EBA chair wants flexible approach to macro-prudential regulation
Andrea Enria advocates flexible approach to macro-prudential regulation within the EU; says flexibility should not threaten the EU single market
Malaysia announces circulation date for new banknotes
Bank Negara Malaysia reveals new banknotes will enter into circulation in July this year; work being carried out to ensure “smooth transition” in the country
Fed’s Tarullo sees early wins for dynamic capital supervision
Daniel Tarullo, a governor of the Federal Reserve, believes the introduction of new dynamic capital techniques in the US has improved regulation; says static rules have serious flaws
Sigtarp appoints special inspector general
Christy Romero appointed after approval from President and Senate
Czech central bank sheds 96 jobs despite need to meet wider remit
Czech National Bank reduces headcount to same level as 2006, despite taking on additional regulatory responsibilities
India's Subbarao contrasts Fed and ECB's roles during financial crisis
Reserve Bank of India (RBI) governor discusses the different responses of the Federal Reserve and the ECB to the on-going financial crisis
ECB research examines impact of fiscal policies on eurozone growth
European Central Bank working paper examines the impact of governments' fiscal policies on euro area growth rates since the financial crisis
BoE publishes annual payments system oversight report
Bank of England's annual payments system oversight report reveals areas where further improvements are needed
Bank of Lithuania says 90% of population has bank accounts
Banking survey shows high level of participation in the banking sector; central bank to continue “financial education” lessons
BIS research highlights changes in Asian loans market
BIS investigates changes in loan-loss provisioning in Asian banking sector in wake of Asian financial crisis