Central Banks
US sanctions on Iranian central bank inch closer
Senator Carl Levin reveals Senate’s 'strong' sanctions pass negotiating panel of House and Senate representatives 'virtually intact'; clears way for momentous Bill to pass
Sri Lanka eases rules on foreign investments
Central Bank of Sri Lanka changes regulations on foreign investments and domestic firms taking out foreign loans; aims to support expanding economic activities with additional financing
European Parliament to vote on Cœuré’s future at ECB
Economic and Monetary Affairs Committee recommends Benoît Cœuré for ECB executive board; plenary European Parliament vote to happen on Wednesday
Lessons for monetary policymakers: BoE’s Dale
BoE’s Dale discusses lessons learned in 2011 and tackles concerns and criticisms over quantitative easing
‘Ambitious’ strengthening of economic governance needed: Praet
ECB’s Peter Praet says resolving economic crisis will rely on strengthening economic governance; ECB will remain anchor for stability
Norges Bank regional network reports weakening markets
Latest reports from regional network of enterprises, organisations and local authorities reveal lower output growth and somewhat weaker market prospects in Norway
UK’s FSA admits flaws in supervisory approach
New report into the failure of the Royal Bank of Scotland sees the Financial Services Authority accept a level of blame for the crisis at the bank
BIS stresses central banks' role in combating global liquidity problems
Bank for International Settlements releases quarterly review; says central banks have the power to limit liquidity crises; study finds QE may not be as effective as was hoped
New governor selected in Chile
Sebastián Piñera, the president of Chile chooses Rodrigo Vergara Montes to lead the Central Bank of Chile; Montes takes over role before final Senate approval
Video: National Bank of Angola’s David Carvalho on reserves allocations to Brics
Angolan central bank looks to invest in Brazilian, Chinese and African debt as it reassesses its reserves guidelines in light of the eurozone debt crisis and persistently low US Treasury yields
Brazilian working paper looks at adverse selection cost in stocks
Central Bank of Brazil working paper finds the component is higher than in the US market and displays an intraday U-shape pattern
Spain’s Ordóñez discusses developments in preventing future crises
Governor of the Bank of Spain, Miguel Fernández Ordóñez discusses global and European reform initiatives and Spain’s efforts to implement them
Fed working paper analyses indecision over economic shift in 1990s
Researchers find that initial enthusiasm for productivity-driven positive supply-side shocks of the 1990s followed by mistrust led to significant problems for business planning
Microenterprise development crucial to economic development: RBI’s Chakrabarty
Reserve Bank of India deputy governor, KC Chakrabarty talks about the importance of microenterprise development for progressing India’s economy
Euro project failed to deliver on convergence promise
Uneven and diverging competitiveness lies at the core of the euro crisis, says Costas Lapavitsas, professor in economics at the School of Oriental and African Studies in London
IMF and China make joint call for stronger financial stability assessments
People’s Bank of China and International Monetary Fund hold joint symposium in Shanghai; call for better financial stability assessments in Asia and worldwide
European uncertainty reflected in central bank decisions worldwide
Germany, Austria, India and South Korea lower growth estimates as a slew of countries hold interest rates; world looks on and waits to see if Europe can agree a solution to the sovereign debt crisis
Mood swings strongly influence business cycles: Dallas Fed paper
Dallas Federal Reserve study shows half of business cycle movements can be attributed to investor optimism and pessimism
Bank of Canada paper on capital control liberalisation in India
Bank of Canada study shows there has been a significant reduction in barriers to arbitrage in India
Ireland’s Gerlach optimistic about fiscal adjustments
Central Bank of Ireland deputy governor Stefan Gerlach says progress towards completing Ireland’s fiscal adjustment programme has gone better than expected
ECB will fulfil financial lender of last resort role: Constâncio
European Central Bank vice-president Vítor Constâncio says non-standard liquidity measures will help ease bank-funding pressures in eurozone