Central Banks
Why Europe needs a Financial Stability Fund
Investors need assurances over the debt of European Union member countries, Daniel Gros and Stefano Micossi argue
Shell shocked: American finance in crisis
A legislative overhaul is coming. Robert Litan says a renewed focus on market discipline and the consolidation of regulatory authority are the priorities
New tools for central bankers?
The financial crisis has provided an opportunity to test the usefulness of new and previously unused policy instruments, argues Christopher Ragan
Forum: Tackling asset-price bubbles
Central Banking asked a select panel of former central bankers and advisors if the current crisis calls for a reevaluation of the policy response to asset prices
Interview: Raghuram Rajan
Claire Jones spoke to the former chief economist at the International Monetary Fund about the policy response to the crisis, particularly the role of the Fund
Interview: Joseph Yam
In this interview the chief executive of the Hong Kong Monetary Authority discusses the global policy response to crisis, Hong Kong’s relationship with China and the reserve management in Asia. Malan Rietveld spoke to Joseph Yam
Interview: Masaaki Shirakawa
The governor of the Bank of Japan speaks to Robert Pringle about the lessons from Toyko’s fight against deflation to policymakers around the world today
Obama builds formidable team
Malan Rietveld looks at the new economic brains trust in America and the challenges it will face.
A chronology of the crisis
A month-by-month account of the greatest banking crisis since the Great Depression
Obama builds formidable team
Malan Rietveld looks at the new economic brains trust in America and the challenges it will face
Rate cuts won't work properly: BoJ's Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, has indicated that monetary policy's role in alleviating current conditions is likely to be limited.
Crisis traverses financial system: HKMA's Yam
The boundaries of the global credit crunch go beyond the markets, with the falls in house prices sparking significant slumps in aggregate demand, said Joseph Yam, the chief executive of the Hong Kong Monetary Authority.
Hungary continues reversal of drastic hike
The National Bank of Hungary took another step towards reversing its 300 basis-point October hike on Monday, cutting its key rate by a half point.
World Bank governance head to step down
Daniel Kaufmann, the director of global programmes and governance at the World Bank, is to take up a post at the Brookings Institution, a Washington, DC-based think tank.
Openness and clarity - Sweden's Rosenberg reflects
Openness and clarity are of central importance to policy effectiveness, said Irma Rosenberg, the first deputy governor of the Riksbank.
Banknote Watch SA launched
A new organisation, called Banknote Watch SA, has been launch in South Africa to prevent cash-related crime in the run-up to the FIFA 2010 World Cup in the country.
Fed's Plosser on crisis measures
Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, discusses the Fed's dramatic departures from textbook central banking during the crisis.
BI surprises with quarter-point cut
Bank Indonesia surprised markets on Thursday with a 25-basis-point cut in its bank rate that boosted local markets.
Bank cuts to historic low
The Bank of England cut interest rates to their lowest level since 1951 on Thursday and stressed that further steps would be needed to prevent a deep recession.
Bumper day for cuts, three slash by record margin
The European Central Bank (ECB), the Riksbank and the Reserve Bank of New Zealand backed the biggest rate cuts in their history on Thursday, highlighting the pace at which the threat of a global depression has risen.