Central Banks
Financial stability must come second to inflation: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi says exit strategy must focus on price stability
Global liquidity provision system needed: IMF’s Blanchard
International Monetary Fund’s Olivier Blanchard says flexible credit lines have the potential to reduce the reserve-accumulation drive
Ukraine deputy quits on political meddling
National Bank of Ukraine’s Oleksandr Savchenko resigns accusing the President of interference with the central bank’s monetary policy
Yam has secured his place in history
As Joseph Yam prepares to depart, Tony Latter, a former deputy at the Hong Kong Monetary Authority, assesses the chief executive’s time at the helm of the territory’s financial authorities
US to end money-market guarantees this month
Treasury secretary Tim Geithner notes financial sector starting to wean itself of state support
Danes set to avoid euro vote – report
Report says Copenhagen will not hold euro referendum on waning support for single currency
Blanchflower slams Bank’s MPC for group-think
Economist David Blanchflower accuses group of being hobbled by “iron fist” of governor
Poland considers quantitative easing
National Bank of Poland says it may buy banks’ bonds as part of a raft of measures aimed at shoring up stability
Harmonised card schemes crucial for Sepa success: Tumpel-Gugerell
European Central Bank's Gertrude Tumpel-Gugerell says more card schemes needed to foster competition
Fed’s Evans states case for independence
Chicago Federal Reserve’s Charles Evans warns Congress risks fuelling inflation if limits placed on Fed independence
Central banks on hold
Bank of England, Bank of Canada, Reserve Bank of New Zealand and Bank of Korea all keep policy fixed
Sounder banks’ borrowers get burned in mergers
Centre for Economic Policy Research (CEPR) looks to Japan for firm-level evidence on the real effects of bank bailouts
Remittances a potential tax base
International Monetary Fund investigates the impact of remittances on public-debt sustainability
India profited from tailored reform: Chakrabarty
Reserve Bank of India’s Kamalesh Chakrabarty says progressive but cautious policies contributed to financial stability amid international financial turbulence
ECB’s González-Páramo cautions on fiscal burden
European Central Bank's José Manuel González-Páramo says fiscal exit strategies need to start alongside economic recovery
Self-regulation has its limits: France’s Noyer
Banque de France’s Christian Noyer says turmoil has underlined weaknesses in financial sector’s ability to police itself
First consultations held on currency for East Africa
Bank of Tanzania hosts first meetings on plans for East African Monetary Union
Use political will to reform finance: Buba’s Weber
Bundesbank’s Axel Weber says political momentum should be utilised to reform global financial market architecture
A model for an economy's target value of assets
Centre for Economic Policy Research investigates global imbalances