Central Banks
King steps up calls for global monetary reform
Mervyn King, the governor of the Bank of England, on Wednesday urged officials from around the globe to cooperate to fix the instability inherent in the current international monetary order.
OECD calls on ECB to cut rates
The Organisation for Economic Cooperation and Development (OECD) has urged the European Central Bank (ECB) to cut rates further.
SNB's Jordan cautions on low rates
Responsible behaviour on the part of homeowners, and bank discipline when granting loans, is needed to ensure that a low-interest environment does not lead to destabilisation of the property market, said Thomas Jordan, a member of the Swiss National Bank…
PBOC to face policy challenges in the future
Changes to China's financial position have not affected the money demand function yet but will in the future, new research from the International Monetary Fund posits.
Realign lats: ex-Argentine chief economist
A former chief economist at the Central Bank of Argentina has claimed that the best strategy for Riga to pursue would be a contained devaluation of the lats.
Dubai joins Long-Term Investors Club
The Investment Corporation of Dubai, the investment arm of the government of Dubai, has joined the Long-Term Investors Club, a group of public-sector investment bodies.
Fed plans changes to repo markets - report
The Federal Reserve is considering a major overhaul to repo markets, where banks globally raise overnight dollar loans, reports say.
Belarus expects $2 billion in IMF funds
Alexander Lukashenko, Belarus's president, has said that the country expects to receive $2 billion from the International Monetary Fund (IMF) before the end of 2009.
Rating agencies: regulate or downgrade?
In the aftermath of the financial crisis, the actions of ratings agencies cannot remain unchecked, argues Ludek Niedermayer, a former vice governor at the Czech National Bank
Inflation targeting: lessons from the crisis
Spencer Dale, the chief economist at the Bank of England, has said inflation targeting should remain a mainstay of macroeconomic policymaking in Britain.
Central banks right for stability role
One regulatory organisation in each country should be responsible for overseeing the stability of the overall financial system and that organisation should be the central bank, new research argues.
RBI's Subbarao dismisses deflation worries
The governor of the Reserve Bank of India (RBI) has dismissed fears that the country's economy could suffer a prolonged bout of falling prices, saying that there was "no concern of deflation."
Angola to launch sovereign fund this year
Angola plans to launch a sovereign wealth fund before the end of 2009, Severim de Morais, the country's finance minister, has said.
Canada to support private liquidity creation
The Bank of Canada, as the ultimate provider of liquidity to the system, is thinking through whether to adapt its facilities to support continuous private liquidity creation, said Mark Carney, the governor of the central bank.
IMF's Lipsky: expansionary fiscal policy still key
Fiscal policy in advanced and many emerging-market economies should remain expansionary at least through 2010, said John Lipsky, the first deputy managing director of the International Monetary Fund.
BIS volume on household debt-policy implications
The Bank for International Settlements has published a volume of speeches and papers delivered at a seminar on the implications of household debt for monetary policy and financial stability, held in March 2008 in Seoul.
The state of the art of inflation targeting
The Bank of England's Centre for Central Banking Studies has published a new handbook showing the key features of the inflation-targeting frameworks in each of the 26 inflation - targeting central banks around the world.
Antiguan head regulator charged over Stanford
Leroy King charged by SEC
EU central bankers to pick stability board head
The head of the European Central Bank (ECB) will no longer automatically become the head of the proposed European Systemic Risk Board following objections from the United Kingdom, and several central and eastern European countries.
US consents to $100 billion IMF boost
The US Congress on Thursday finally agreed to a $100 billion credit line to the International Monetary Fund (IMF), pledged by President Barack Obama after the G20 meeting in London.
UK doubtful on joining ECB's Target2-Securities
Old Lady raises issues on securities transfer
Europe's banking fragility needs urgent attention
Europe's banks are so fragile that measures must be implemented within the next 12 months, a paper by Adam Posen and Nicolas Veron, two economists at the Peterson Institute for International Economics, posits.