Central Banks
British PM says Tobin tax worth a look
Controversial tax mooted by Britain’s head regulator worth consideration, says Gordon Brown, though problems with tax havens must be solved first
Korea to follow Israel’s lead and hike?
Report suggests Bank of Korea considering tightening
Bank’s Sentance: watch the energy market
Bank of England’s Andrew Sentance says next global shock might come from the energy market
SARB investigated stress testing: Mboweni
South African Reserve Bank’s Tito Mboweni says the central bank looked closely on stress-testing methods used by banks and the central bank
Australian funds hedge half their foreign assets
Reserve Bank of Australia investigates the level of currency hedging by domestic managed funds
IMF board backs gold sales
International Monetary Fund members agree to sell an eighth of the organisation’s gold
One credit register for Europe: Buba’s Zeitler
Bundesbank’s Franz-Christoph Zeitler says Europe needs a unified credit register
Turkish premier queries central bank’s autonomy
Recep Tayyip Erdogan says he disapproves of Central Bank of Turkey’s autonomy
Czech’s Tuma: links with stats office key
Czech National Bank’s Zdenek Tuma says central banks and national statistical offices must maintain good cooperative relations
Bonds best way for business funding: Bank data
Bank of England data on lending conditions suggests big business better off raising funds through debt markets than through borrowing
Leaning against the wind not enough: Chile’s De Gregorio
Governor of Central Bank of Chile cites collision between financial and price stability objectives as reason why interest rates cannot be used to burst bubbles
US Treasury ends money market guarantee
The program served its purposes of fomenting stability, and is being retired as the risk of a meltdown has passed, says Treasury secretary Geithner
Linking saving ratios and current account balances
Key differences in saving and investment ratios explain current account balances, but experiences still differ by region says an article published by the Reserve Bank of Australia
French banks resilient in crisis but hurdles remain
French banks have weathered the crisis through a diversified model and well-managed risk but many challenges remain, argues research published by the International Monetary Fund
Reasons for renminbi undervaluation disputed
Undervaluation of the renminbi is impenetrable as a result of the lack of clarity in academic literature, argues Bank of Finland paper
Aussie dividend highest in history on bumper profit
Reserve Bank of Australia to pay record dividend in its 49-year history after profiting from currency gains
Temasek profits slide
Profits down 66% after bleak year for Singapore’s sovereign wealth fund
Japan says economy "showing signs of recovery"
Monetary policy statement takes a cautiously optimistic outlook in comparison to preceding months
Ireland to spend €77 billion on bad banks
Ireland’s finance minister Brian Lenihan says funds will be split between five institutions
Bank of England survey shows drop in overall satisfaction
Inflation Attitudes Survey also shows gap between public perception and real rates
Belgium and euro area will not face deflation
Policymakers’ swift adoption of expansionary policies will prevent Belgian and Euro area economies from spiralling deep into deflation, argues the National Bank of Belgium
Fed’s Hoenig outlines resolution schema for too-big-to-fail
Kansas City Federal Reserve’s Thomas Hoenig and two economists prepare legal process for failure