Central Banks
Central Bank of Barbados – 2008 Annual Report
Worsening economic conditions contributed to a decline in growth; tourism and manufacturing affected
The link between exchange rates and monetary policy
Bank of Canada paper finds a strong negative relationship between rate setting and exchange rate pass-through
Crisis underlines democracy’s flaws: ECB’s Bini Smaghi
Short-termism inherent in democratic government led to the lax supervisory regimes that paved way for banks’ excesses, says ECB board member
Greenspan: too-big-to-fail didn’t exist until crunch
Former Federal Reserve chairman believed government would allow failure until government-sponsored enterprises were taken into conservatorship
No takers for Canada’s emergency operations
In a further sign that funding strains are easing, the Bank of Canada’s soon-to-be withdrawn emergency operations attract no bids
Ex-Fed’s Stern joins Finra board
Former president of the Minneapolis Federal Reserve to become Financial Industry Regulatory Authority board member
Turkish easing will inject $2 billion
Central Bank of Turkey says loosening of reserve ratio will free up $2.26 billion in permanent liquidity
Trichet calls for fundamental financial-system change
European Central Bank president says industry needs to alter greatly in wake of crisis, says structural reforms necessary
Italy’s Visco on cross-border cooperation
In the wake of the global crisis, Bank of Italy’s Ignazio Visco examines barriers to cross-border collaboration between officials
RBA’s Stevens: downside risks have disappeared
Reserve Bank of Australia’s Glenn Stevens hints at further rate hikes in coming months
Nigeria’s woe signals decoupling not in sight
International Monetary Fund finds developing and emerging markets did not decouple from the United States enough to grow despite significant recession in the world’s largest economy
FOMC sees slack subduing inflation
Federal Open Market Committee says output gap will persist
Bank officials at odds over QE’s impact
Confidence of Bank of England’s executive director for markets appears to conflict with deputy governor’s ambivalence
Romanian central banker nominated as premier
Romania’s president picks governor’s adviser for prime minister
Turkey cuts, signals lower rates to come
Central Bank of Turkey chops half a point of benchmark rates
De Larosière: don’t rush regulatory reform
Former governor of the Banque de France warns governments against rapid change for the finance industry
What makes up the macroprudential toolkit?
Practitioners and supervisors discuss how supervisory policy will be made
Public banks good for growth
Central Bank of Cyprus finds that government ownership of banks has been associated with better long-run growth performance
Turkey’s Yilmaz: Islamic finance a force for stability
Central Bank of Turkey’s Durmus Yilmaz says Islamic finance is not boom-bust driven
New Zealand begins exit from extraordinary measures
Reserve Bank of New Zealand cancels two facilities and amends others as financial-market stress eases
Swaps a success: SNB economists
Swiss National Bank researchers say swap agreements were highly effective low-cost solution to currency mismatches
Finland’s Liikanen pushes for Fund reform
Bank of Finaland’s Erkki Liikanen says quota reform only starting point for change at the International Monetary Fund