Central Banks
Barbados’ Worrell: supervisors of the region unite
Central Bank of Barbados’ governor urges Caribbean supervisors to ramp up cooperation
Chile on the pros and cons of connectivity
Central Bank of Chile looks at how shocks are transmitted across markets and banking systems
Europe is losing the “war on cash”: report
ECB and European Commission efforts to promote cashless payments are having some effect, but people still prefer cash, report finds
Greece should go to IMF, not EU for aid: Issing
Former ECB chief economist advocates tough love from Washington, rejects Brussels bailout; position conflicts with senior EU bureaucrat
Ex-Nigeria chief loses state governor race
Nigerian ex-governor Charles Soludo places third in the bid for governorship of the resource-rich Anambra state after a spirited campaign
Kuwait makes surprise 50bp cut
Central Bank of Kuwait trims half a percentage point off key rate in the face of low inflationary pressures and to encourage lending to non-oil sectors
Ex-IMF chief economist wants Fed’s Hoenig for Treasury
Simon Johnson says lone FOMC dissenter “entirely plausible” successor to Tim Geithner
Rate round-up: bulk of central banks hold
Rate decisions this week see a slew of institutions maintain policy stance
Modeling the demand for reserves
A new working paper from the Swiss National Bank estimates a demand curve for central bank reserves
Fed’s independence in public’s interest: Bernanke
Ben Bernake says the Federal Reserve will work with Congress to ensure maximum transparency
SWFs innocent of political bias
OECD looks at whether sovereign-wealth funds’ investments are politically motivated
Iceland’s government knew banks were in trouble: Wellink
Dutch central bank president Nout Wellink says his Icelandic counterparts had informed the government that the country’s banking sector was in trouble
ECB’s Stark places onus on deficit states
European Central Bank's Jürgen Stark says euro area’s deficit states must embrace economic reforms for the common good
Real exchange rate matters: SARB’s Mminele
South African Reserve Bank’s Daniel Mminele on the role of exchange rates in monetary policy
Argentina surprises with new governor
Mercedes Marcó del Pont, the pro-government head of a state bank, is made governor of the Argentine central bank, commentators and markets in shock
Ireland wrongly accused over funding family trips
Spending watchdog admits error over claims central bank paid for 52 spouses to travel on single visit, but Honohan bans future junkets
DSK hints at early departure from Fund
International Monetary Fund’s managing director thought keen to challenge Nicolas Sarkozy in 2012 presidential vote; move paves way for Fund to prepare ground for non-European appointment
Ex-SARB head to chair packaging company
Tito Mboweni named chairman of Nampak
Bank holds rates, halts asset purchases
Bank’s rate-setters stand pat, pointing to a clash of pressures between inflation and anaemic growth; ex-MPC members concur
US can go it alone on reforms: Volcker
Former Fed chairman Paul Volcker says international consensus on reform not necessary