Central Banks
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.
ECB - Financial Stability Review June 2009
Most large and complex banking groups operating in the euro area appear to have enough capital to withstand severe but plausible stress scenarios, notes the latest Financial Stability Review from the European Central Bank.
King steps up bid for more Bank power
Mervyn King, the governor of the Bank of England, on Wednesday night reiterated calls for the government to grant Threadneedle Street more power to fulfil its new financial stability mandate.
Swiss talk tough on franc appreciation
The Swiss National Bank has warned that it will continue to intervene in currency markets to prevent the appreciation of the franc.
Don't hike rates too early, Fed's Duke warns
Elizabeth Duke, a governor of the Federal Reserve, has noted that previous downturns have been deepened or prolonged by the premature withdrawal of monetary or fiscal stimulus.
Ireland's Hurley covets stability role
John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, said that he would strongly support full integration and coordination within the Irish central bank of responsibilities for both financial stability and micro…
Price affects public's payments instrument choice
The prices of payment services influenced the public's choice of payments instrument, finds the latest Annual Report on Payment Systems from the Norges Bank.
Kremlin wants revamp of SDR basket
The Kremlin has called for a radical shift in the composition of the basket of assets that comprise the special drawing right (SDR).
Norges Bank to tweet rate decisions
Norges Bank has begun using twitter, the social networking site, to communicate rate decisions.
Chile to keep rates at record low until mid 2010
The Central Bank of Chile has indicated that, contrary to market expectations, it is likely to keep rates at a record low of 0.75% until at least the middle of next year.
Reserves good insurance for emerging markets
Accumulating foreign-exchange reserves remains "pretty good insurance" for emerging markets, new research from Deutsche Bank posits.
Posen to join Bank's MPC
Adam Posen, a deputy director at the Peterson Institute, is to replace Tim Besley on the Bank of England's Monetary Policy Committee (MPC).
India names new deputy governor
Kamalesh Chandra Chakrabarty is the new deputy governor at the Reserve Bank of India.
Sri Lanka softens forex restrictions
The Central Bank of Sri Lanka on Tuesday said it would relax foreign-exchange restrictions on banks after pressure on the rupee abated.
US output gap may be smaller than thought
That core inflation has fallen relatively little indicates that there is less slack in the American economy, and thus a smaller output gap, than standard estimates predict, research published by the San Francisco Federal Reserve posits.
Inflation outlook leaves scope for RBA cuts
Members of the Reserve Bank of Australia's rate-setting board saw no pressing case for further monetary stimulus but concurred that the inflation outlook left scope for cuts if required, the minutes of this month's policy meeting show
On macrofinance and monetary policy
The National Bank of Denmark has published a thesis exploring some of the theoretical and empirical aspects of monetary policy and macrofinance.
Bank of Israel, fin min fall out over new law
The governor of the Bank of Israel has lashed out at what he sees as renewed attempts by the Israeli finance ministry to block the passing of a new central bank law.
Bank paper unveils new systemic-risk model
A paper published by the Bank of England on Monday has revealed a systemic-risk monitor that accounts for the relationship between liquidity risk and financial stability.
Latvia buys euros for first time since November
The Bank of Latvia bought euros for the first time in seven months last week after the lats gained on hopes that Riga would not have to devalue the currency.
Measuring financial stability
Difficulties in measuring financial stability should not delay the implementation of an operational framework, research published by the Bank for International Settlements (BIS) argues.
On how credit ratings are used
A report by the Joint Forum has uncovered several trends in the use of credit ratings by the official sector.
China, Malaysia to use own currencies to trade
Trade between Malaysia and China will soon be conducted in ringgit and renminbi as well as dollars, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, said on Friday.