Central Banks
Bundesbank's Weber on monetary policy
Monetary policy should react to the financial cycle in a more symmetric way, said Axel Weber, the president of the Bundesbank.
House passes bailout plan
The House of Representatives, the lower house of the US Congress, has backed a revised version of the Treasury's $700 billion plan to tackle the financial crisis.
US can learn from Sweden's banking crisis
A new research paper prepared for the US congress draws lessons for the US from Sweden's banking crisis in the early 1990s.
Fed deserves praise for online efforts
As the international financial system totters, the Federal Reserve banks are making full use of their websites to keep the public informed, says David Bowen, a senior consultant at Bowen Craggs, web advisers.
Atlanta's Lockhart: financial sector matters
A working financial sector matters to us all, said Dennis Lockhart, the president of the Atlanta Federal Reserve.
Phillips curve is flattening
A new paper from the Reserve Bank of Australia finds that the Phillips curve, which measures the relationship between unemployment and inflation, has flattened in recent years.
Trichet comments raise prospect of December cut
The European Central Bank (ECB) kept rates on hold again on Thursday, but more-dovish-than expected comments from Jean-Claude Trichet, the central bank's president, signalled the Governing Council could cut before the end of 2008.
EU economists demand systemic response
A group of Europe's most prominent economists on Thursday urged Brussels to re-capitalise the continent's battered banking sector or risk the crisis spiralling out of control.
Senate endorses Treasury plan
A large majority of US senators on Wednesday backed the Treasury's $700 billion plan to tackle the financial crisis.
Bank appoints Magic Circle partner as legal chief
Graham Nicholson, a partner at Freshfields Bruckhaus Deringer, one of the City of London's most prestigious law firms, will become the Bank of England's chief legal adviser at the start of next year.
Trichet on the turmoil
The root of the problems in many financial institutions was their inability to adequately assess the risks associated with their exposures, said Jean-Claude Trichet, the president of the European Central Bank.
Plan must pass to stem panic: ex-Fed's Posen
The Treasury's plan to buy distressed assets was poorly presented to politicians and US taxpayers. But it will likely work and should be passed, says Adam Posen, a Peterson Institute deputy director
RBI quashes rumours second-biggest bank at risk
The Reserve Bank of India on Tuesday moved to soothe concerns that ICICI Bank, a Mumbai-based lender, was in trouble after reports emerged of a run on the bank.
FDIC pushes for more deposit insurance
The Federal Deposit Insurance Corporation (FDIC), which manages the US's deposit insurance fund, has added its support to calls for Congress to raise the guarantee on deposits.
Riksbank striving to inform public on crunch
The Riksbank is providing and updating a list of questions and answers on the financial turmoil.
Riksbank deputy to step down
Irma Rosenberg, the first deputy governor at the Riksbank, will leave the institution at the end of the year.
ECB glossary on payments, clearing and settlement
The European Central Bank has published a glossary of technical terms on payment, clearing and settlement systems in the EU.
SWFs good for global stability
Sovereign wealth funds (SWFs) can play a role in stabilising international markets, a new study from the Bank of Canada finds.
US stocks up on signs Congress will pass plan
US stock markets regained some ground on Tuesday on indications that lawmakers would pass the Treasury's plan to buy troubled assets later this week.
Ireland guarantees all deposits, halts share slide
The Irish government has taken the highly unusual step of guaranteeing all bank deposits in a bid to abate stresses in the Irish financial system which have triggered a loss of confidence in the country's banks.
European authorities rescue Dexia
The Belgian and Luxembourg authorities on Tuesday presided over their second bank bailout in as many days, rescuing Dexia, the world's largest lender to local government, along with their French counterpart.
HKMA offers emergency liquidity
The Hong Kong Monetary Authority (HKMA) on Tuesday announced five steps to counter paralysis in the territory's money markets.
Malaysia's Zeti to head BIS's Asia Council
Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, is to chair the Bank for International Settlements' (BIS) Asian Consultative Council.
Trichet: Slovakia should go further with reforms
Slovakia's government should implement structural reforms to foster price stability, said Jean-Claude Trichet, the president of the European Central Bank.