Central Banks
IMF’s Shinohara warns emerging markets against overheating
IMF deputy managing director Naoyuki Shinohara says pressures in emerging economies could lead to slowdown in global recovery
Canada’s Murray on commodity price volatility
Bank of Canada deputy governor John Murray says evidence suggests commodity price volatility is largely owing to market fundamentals not speculation
DSK moots reserves role for SDR
IMF's Strauss-Kahn says ‘stockpiling’ special drawing right would create a more stable global monetary order
Warsh quits Fed
Federal Reserve board member Kevin Warsh plans to step down from Fed seven years before term ends
IMF guilty of ‘group think’, says Fund watchdog
Independent Evaluation Office says IMF’s cohesiveness in period leading up to the financial crisis prevented fund from spotting impending risks
NY Fed’s Sack: rise in long-term yields not down to inflation
New York Federal Reserve executive vice president Brian Sack says rise in longer-term interest rate reflects better growth outlook rather than rising inflationary pressures
Thailand's Prasarn on safeguarding Asian economies
Bank of Thailand governor Prasarn Trairatvorakul outlines central bank's policy toolkit to combat macroprudential risks
Households contributing to recovery: Richmond Fed's Lacker
Richmond Federal Reserve president Jeffrey Lacker says pick-up in consumer spending an indication economic outlook is bright
SEC moves to cut ratings out of registration requirements
US Securities and Exchange Commission proposes rule striking investment-grade rating condition from short-form registration process for companies issuing securities; move mandated by Dodd-Frank
Buba paper on benefits of cocos
Bundesbank study says benefits of contingent capital may lead to its incorporation in firms’ financing mix without mandate
RBA reports to parliament on SME lending
Reserve Bank of Australia business report says slowdown in small business credit growth reflected both demand and supply factors
Uganda’s Kasekende on benefits of African cooperation
Bank of Uganda deputy governor Louis Kasekende says stronger cooperation in African region will enable countries to exploit growth opportunities
Inflation often misunderstood: Atlanta Fed’s Lockhart
Atlanta Federal Reserve president Dennis Lockhart discusses common misuse of the term “inflation” in news reports
Weber does not plan on second term: Bundesbank source
Bundesbank president Axel Weber set to quit central bank in spring 2012 at the latest
Israel’s Fischer calls for international FX rules
Bank of Israel governor Stanley Fischer calls on IMF to draw up set of international rules on foreign exchange intervention
Bank’s inflation argument ‘fanciful’: ex-MPC’s Julius
Former Bank of England rate-setter DeAnne Julius says inflation expectations risk becoming unmoored; monetary policy acting for financial stability, ex rate-setter Tim Besley adds
Ex-Bank economists parry fears of wage-price spiral
Upsurge in inflation will not pass through into wages, economists at Fathom Consulting believe
Southern Sudan should adopt currency board: IMF mission chief
Fund’s Sudan mission chief Edward Gemayel says simplicity of currency board system advantageous for soon-to-be country; South preparing to adopt new currency
Norges Bank’s Nicolaisen gives advice on rate-setting in turbulent times
Norges Bank director of monetary policy Jon Nicolaisen on setting monetary policy in volatile economic times
Boom years not coming back: Bahrain’s Al Maraj
Central Bank of Bahrain governor Rasheed Mohammed Al Maraj says shareholders must recognise past boom years will not return and consolidate industries