Central Banks
Last-minute US debt ceiling rise leaves world reeling
Debt ceiling deal will not restore investor confidence immediately; China still looking to diversify reserves away from dollar; credit ratings agencies cautiously affirm top ratings
Banks' funding profiles can indicate future defaults: IMF study
Fund study shows banks' funding profile is a useful predictor of likelihood of bank failure
RBI paper reviews financial inclusion policies in India
Reserve Bank of India case study on West Bengal region shows financial inclusion programmes are having limited success
Mexico’s Del Cueto discusses volatility in agricultural goods market
Bank of Mexico deputy governor Roberto Del Cueto says policymakers can take steps to help stabilise prices in agricultural goods
Inflation revisions could alter observed policy target: Philly Fed paper
Philadelphia Federal Reserve study says large size of inflation data revisions might reduce success rate of inflation targeting
Swiss franc declines as SNB eases policy rate
Swiss National Bank moves to stem strengthening of the Swiss franc by easing monetary policy; franc falls 1.97% against the euro following decision
Brazil ‘prepared’ for international challenges: Tombini
Governor of the Central Bank of Brazil says country is ‘prepared’ to face the challenges in the international arena; expects inflation downward trend to continue
SARB announces temporary registrar replacement
The South African Reserve Bank announces deputy to step into registrar role until beginning of 2012
New head of statistics unit at Bank of Finland
Bank of Finland appoints Laura Vajanne as head of statistics within the financial stability and statistics department
South Korea follows through on gold purchase plans
South Korea buys $1.24 billion worth of gold; governor said in October 2010 that central bank was considering expanding gold holding
Ex-MPC members debate QE options
Bank of England former Monetary Policy Committee members discuss scope for further asset purchases in the UK
Volcker rule spillover effects benefited Europe and Asia: IMF paper
Fund study shows Volcker rule caused positive spillover effects to some European and Asian banks
Bank of Israel – Monetary Policy Report (August 2011)
Bank of Israel Monetary Policy Report says inflationary environment motivated faster pace of increase in the interest rates
Bank of Finland reviews policy implications of labour immobility
Bank of Finland research newsletter discusses the effects of resource mobility on monetary policy
Zambia’s Fundanga on lower stock market transaction costs
Bank of Zambia governor Caleb Fundanga says information in new handbook on Zambian stock market will reduce transaction costs
Israel stress test results show room for improvement
Results of stress tests show Israeli banks need to improve Core Tier I capital and risk management practices
Former Estonian official advises prime minister before Helsinki move
Märten Ross takes up prime minister advisory role before joining as adviser to Bank of Finland’s monetary policy and research department
Gono urges caution in banking sector split
Gideon Gono says indigenisation and economic empowerment plan must be applied in a way that benefits the population most broadly; urges caution in division of banking industry
Towards a global monetary policy
US monetary policy must change as the dollar’s dominance wanes, writes Allan H. Meltzer.