Central Banks
Italy’s Draghi: industry must be supported
Bank of Italy’s Mario Draghi says labour and firms key in fighting Italy’s recession
New Keynesian Phillips Curves with wage rigidities
Bank of Canada applies structural inflation models with real wage rigidities to the domestic economy
The real exit problem at the Federal Reserve (and ECB and BoE)
Central bankers must abandon their focus on targeting inflation in the medium term if we are to really consign the crisis to history
Payments end-users bemoan lack of Sepa dialogue
Payment Systems End User Committee (EUC) labels consultation on the Single Euro Payments Area insufficient
British PM slams plans to soup up Bank role
Gordon Brown labels Conservative Party proposals to disband FSA and hand supervision to the Bank of England “wrong”
HK, Singapore, Malaysia to devise deposit-insurance exit
Hong Kong Monetary Authority, Bank Negara Malaysia and Monetary Authority of Singapore set up group to work on deposit-insurance exit strategy.
Lithuania’s Sarkinas gloomy on banking outlook
Central bank governor believes banking industry’s pain will intensify
BoJ policymakers consider exit from credit easing
Bank of Japan rate-setter says central bank should consider ways to terminate unconventional measures
EU needs harmonised definition for regulatory capital
Kern Alexander from Cambridge University’s Judge Business School calls for increased supervisory consolidation across the European Union
External consumption habits impact monetary policy
European Central Bank considers implications of consumption on monetary policy
Bernanke details Fed exit strategy
Reserve balances key, but Fed chairman fears political interest in fund recipients
Goodyear and Temasek part, strategy differences blamed
Temasek says Chip Goodyear will not be taking over as the new CEO
Korean sovereign fund eyes stock switch
Portfolio at Korean Investment Corporation will be half equities
UK public borrowing soars to June high
Public-sector borrowing soars to £13 billion from £7.5 billion in June 2008 on back of financial rescue
New York Fed appoints new executive vice president
Susan Ward Mink to head human resources department
The Tories’ plan for sound banking
Robert Pringle, David Mayes and Michael Taylor, the editors of Central Banking’s Towards a New Framework for Financial Stability, give their reaction to Conservative plans to rebuild UK regulation
Canada’s Jenkins wants more skin in the securitisation game
Bank of Canada’s Paul Jenkins on how to achieve sustainable securitisation
Why hot money hounded China
Bank of Japan obtains a picture of the flow of short-term funds into and out of China
RBA holds on signs of stabilising global economy
Reserve Bank of Australia decides to keep policy rate unchanged on signs of green shoots for both the global and domestic economy
Pay cuts in Luxembourg rare
European Central Bank assesses the degree of wage flexibility in Luxembourg
Marcus named as new SARB head
Former deputy to take over after Tito Mboweni turns down third term
Recession-hit Turkey cuts rates
Central bank surprises markets with a half-point reduction