Central Banks
BoE’s Miles explores QE impact
External MPC member discusses the two main channels by which he believes asset purchases boost demand
Volcker rule will not be ready for July, Fed chair admits
Expert predictions of delayed start date proven correct
Sri Lanka objects to ‘highly unwarranted’ downgrade
Central Bank of Sri Lanka unhappy with ratings alterations; issues lengthy statement objecting to the moves
BoE looking 'carefully' at banknote substrate choices
Chris Salmon, chief cashier at the Bank of England, says the possibility of polymer or hybrid substrate banknotes is being looked at by the central bank; no decision made yet
Ireland deputy governor talks about macro-prudential policy
Irish deputy governor discusses future of policy making and development of macro-prudential policies
Reserve Bank of India working paper studies gold prices
Research looks at the links between gold prices and financial stability in India
Bank of Thailand governor discusses links with Germany
Prasarn Trairatvorakul highlights important trade link with Germany and commits to necessary reforms to improve Thailand’s competitiveness
Bank of Mauritius releases financial stability report
Latest report offers overview of international and domestic economic pressures impacting the country
Bernanke laments 'modest' US recovery
Fed chairman describes mixed progress in US economic recovery; explains reasons for publishing statement of longer-run goals and policy strategy
Goodbye VAR? Basel to consider other risk metrics
Trading book review will look at replacing value-at-risk, but quants say the obvious alternative - expected shortfall - is not much better
European Central Bank lends $712 billion to banks
ECB doles out €529.5 billion in low interest loans; analysts raise concerns about how effective the second round of the LTRO will be and the market reaction
Chinese government hampering financial industry, World Bank warns
New World Bank report sees flaws in China's regulatory system
UK’s Prudential Regulation Authority reveals approach to consultation
Bank of England and Financial Services Authority publish response to government’s request for details on how the Prudential Regulation Authority will consult with firms
Boston Fed paper evaluates impact of accounting standards on institutions
Boston Fed researcher finds that implementing fair-value accounting may not necessarily provide financial statement users with more transparent and useful reporting
IMF working paper formulates new forecasting framework
New IMF research looks into systemic real and financial risks; focuses on the measurement of them, predicting them and stress testing
Governor of Bangladesh Bank discusses working population ratio
Atiur Rahman says Bangladesh must prepare for when the large working population becomes elderly
Bank of Canada research delves into monetary policy
Bank of Canada releases research paper which examines the interaction between monetary policy and macro-prudential policy
Philippines confirms inflation target for 2012–14
Central Bank of the Philippines reveals government has fixed inflation target for 2012-14; target to remain the same as it was for the last three years
ECB rejects Greek bonds in reaction to rating cut
European Central Bank temporarily stops accepting Greek debt as collateral; move comes one day after rating agency drops country to a selective default rating