Central Banks
CNB's Tuma not keen on bursting bubbles
Whether monetary policy to react to changes in asset prices still remains questionable, said Zdenek Tuma, the governor of the Czech National Bank.
Eastern Europe counters currency attacks
Four eastern European central banks have made a coordinated effort to bolster their currencies, saying recent sharp depreciations fail to reflect economic fundamentals.
Central bank liquidity abates crisis but not risk
Central banks' liquidity provision can manage a liquidity crisis but cannot tackle the roots of liquidity risk, posits a new paper form the European Central Bank.
What 1 trillion can buy you
1 trillion-worth ($10.6 billion) of central bank interventions moves the yen/dollar rate by 1.7%, finds a new paper from the Bank of Japan.
Asia sets up $120bn FX fund to stave off attacks
Asian finance ministers on Sunday pledged $120 billion to counter the risk of a currency collapse in the region.
US regulators pledge to support banks
America's regulators on Monday moved to shore up sentiment in the country's flagging financial sector, saying they would support systemically important institutions.
Korea may use reserves to support won - report
The Bank of Korea seems willing to use its dollar reserves to bolster the ailing won, after an official told local media that the central bank was unconcerned that its foreign-exchange stockpile could fall below $200 billion.
EU backs pledge to fill IMF coffers to $500bn
The International Monetary Fund (IMF) needs to bolster its lending capacity to $500 billion, leaders of Europe's biggest economies have said. The move comes amid concern that the Fund will be unable to avert the collapse of some central and eastern…
This was always a crunch to be fought on 2 fronts
Charles Wyplosz, a professor at the Graduate Institute, Geneva, and an occasional consultant to the International Monetary Fund and World Bank, tells CentralBankNews.com why reviving banks' health was always going to take more than capital injections.
UAE aids Dubai with $10bn bond purchase
The Central Bank of the United Arab Emirates has acted on fears that Dubai will not be able to repay its debt by buying $10 billion-worth of the emirate's bonds.
Don't panic, pleads ECCB as Stanford run starts
The Eastern Caribbean Central Bank, which acts as financial regulator, has called for calm in Antigua and Barbuda as nervous depositors began to withdraw funds from the Bank of Antigua, part of the Stanford Group.
NYFed hosts CDS powwow
The Federal Reserve Bank of New York has hosted a meeting of global regulatory authorities for credit-default swap central counterparties as part of a new concerted effort to formalise the trading and processing arrangement for the market.
Strike brings Indian markets to a halt
The majority of the Reserve Bank of India (RBI) staff held a one-day strike on Friday, resulting in significant disruptions to the country's financial markets.
Financial order changing - Macedonia's Goshev
The global financial crisis is going to reshape the international financial architecture, said Petar Goshev, the governor of the National Bank of Macedonia.
Wolfgang Schmitz: an innovator of exchange rate policies
In this obituary, Karl Socher recalls the contribution of the former governor of the Austrian central bank to the development the post-Bretton Woods system
Lessons from the crisis for central bank management
Central banks and regulators have failed, argues John Mendzela. Here are seven lessons to help management improve performance and promote cultural change.
Lessons from Japan
Thomas Cargill analyses what the American authorities can learn from Japan’s lost “decade and a half”
What the Icelandic collapse taught us
The reduction of a bloated banking sector presents an opportunity for a return to balanced growth, argues Tryggvi Thor Herbertsson
Of currencies, crises and completions
The crisis presents an opportunity to complete Europe’s journey towards a true monetary union, argues John Nugée
How worried should we be about deflation?
Dean Baker argues that fears over deflation have been greatly exaggerated. Policymakers should rather focus on reducing risk premia
Interview: Kenneth Rogoff
The former chief economist of the IMF tells Malan Rietveld that central banks know how to generate inflation if needed and that there are bigger problems than deflation to be worried about
When liquidity and reserve management collide
Ludeˇk Niedermayer analyses the challenges in coordinating market operations and reserve management during the crisis
Reserve currencies and solving the new Triffin dilemma
Ousmène Jacques Mandeng argues that the dominance of official investors in the markets they invest in has limited their ability to liquidate their reserves during the crisis
Reserves and the crisis: a reassessment
Joshua Aizenman analyses the different approaches to the use of reserves during the crisis and what this means for the global financial system