Central Banks
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.
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).