Central Banks
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.
Tunisia struggling to regain stability
'Sharp regression' in mining and tourism leads executive board to call for 'ongoing follow-up of the economic situation' in the country
BoE’s Haldane considers policy to stem pro-cyclicality of haircuts
Bank of England executive director of financial stability Andy Haldane says minimum collateral requirements could be used to ease pro-cyclical nature of haircuts
China focus remains on inflation fight
Prudent monetary policy to continue, says central bank; fighting inflation is still top priority
Norway SWF adds more London properties to portfolio
Norwegian Government Pension Fund Global takes 25% share in two London properties; move follows $700 million investment in London’s Regent Street
Lithuania’s Vasiliauskas calls for prudent lending standards
Bank of Lithuania chairman Vitas Vasiliauskas urges caution over lending standards in Lithuania as banks return to profitability
Asymmetric information amplifies borrowing costs: BIS paper
Bank for International Settlements study shows that higher spreads are charged to syndicates due to asymmetry of information in loan markets
Bric FDI important source of growth to LICs: IMF paper
Fund study highlights importance of Bric foreign direct investment in low-income countries’ development strategy
Asymmetry of monetary policy in new EU member states tested: Czech National Bank
A working paper from the Czech National Bank investigates asymmetry of monetary policy in new EU member states