Central Banks
IMF paper reconsiders association between public debt and long-term yields
Paper focuses on possible spillover effects of large advanced economies’ debt levels to other economies’ borrowing yields, especially in emerging markets
Lithuania education programme gets under way: photos
Bank of Lithuania holds first educational seminar; session aimed at senior citizens
Italy’s Visco cautious over new austerity package
Deputy director-general warns Italy risks stagnating as global trade recovers
Trichet preaches sustainable long-term growth
Jean-Claude Trichet urges policymakers to aim for sustainable growth
Norges Bank notes importance of research for fund management
Models of investor heterogeneity, non-tradable, non-financial risk, market frictions and time-varying uncertainty all serve to help modify portfolios appropriately
Capital preservation measures create moral hazard: Bundesbank research
Bundesbank dicussion paper finds that capital preservation measures create moral hazard in banks
UK banking reforms come under attack
Plans for reform of UK banking system labelled 'barking mad'
Philly Fed paper investigates relationship between oil prices and exchange rates
Working paper shows little systematic relation between oil prices and the Canadian-US dollar exchange rate
Mortgage approvals rising in UK
Bank of England monthly Lending to Individuals figures show mortgage approvals continue to increase
Lagarde calls for urgent action
Lagarde sets out plans for Europe, the US and on a global scale to support 'fragile' recovery
Sudan Central Bank seeks to build gold refinery
Central Bank of Sudan asks for tenders to construct a gold refinery in the country
Greece may not opt for debt swap
Greek authorities say they will not agree to private-sector involvement unless 90% of eligible government bonds are included in transaction
CPSS asks for help filling derivatives data reporting gaps
Committee on Payments and Settlements Systems releases OTC derivatives market report for comment; wants suggestions on addressing data gaps
RBI profits fall on low return from foreign assets
Reserve Bank of India reports a 20% decline in profits over the 12 months to June due to declines in income on foreign assets and higher expenditure costs
Bernanke disappoints in Jackson Hole speech
Fed chairman mentions range of tools available to “provide additional monetary stimulus” but gives no indication of employing them
ECB extends swap line agreement with BoE
The Bank of England and European Central Bank prolong swap line; new end date is September 28