Central Banks
Analysts split on FOMC outlook
The decision to hold rates at 2% was widely expected, but the Federal Open Market Committee's post-meeting statement has divided Fed watchers.
US should follow IMF's lead on SWFs
US lawmakers heading a working group on sovereign wealth funds have deemed the International Monetary Fund, not the US Congress, the appropriate forum for addressing funds' transparency and accountability.
The transmission of liquidity shocks during the crisis
The latest research suggests the emergence of new channels through which liquidity shocks were transmitted
Papua New Guinea: monetary tightening ahead
The Bank of Papua New Guinea will adopt a tightening monetary policy stance for the remainder of 2008, according to the central bank's latest monetary policy statement.
RBI: financial inclusion crucial
Financial inclusion is the biggest challenge facing India's banking industry and the Reserve Bank of India, said Vittaldas Leeladhar, a deputy governor at the central bank.
Asset shortages lead to bubbles
High asset-price volatility may be a natural consequence of asset shortages, finds a new paper from the Bank of Spain.
Fed appoints community banker to governor role
The Federal Reserve's governing board is now just one member short after Elizabeth Duke, a community banker, was sworn in on Monday.
Rock's Bank loan to be transferred to Treasury
British mortgage lender Northern Rock's £17.5 billion-worth ($34.2 billion) of Bank of England debt will be passed on to the Treasury, it emerged Tuesday.
RBA holds but hints cut to come soon
The Reserve Bank of Australia kept rates at a 12-year high for the fifth-straight month on Tuesday but suggested that it could soon lower borrowing costs.
Indonesia pulls policy levers to curb inflation
Bank Indonesia combined its fourth-straight rate rise with exchange-rate and liquidity measures on Tuesday in a bid to tackle inflation, now in double digits.
Kuwaiti deputy quit in July - report
Nabeel Ahmad al-Mannae, the deputy governor of the Central Bank of Kuwait, quit in July, say reports.
The wider benefits of assistance
Juliet Johnson suggests that assistance to post-communist central banks by their Western counterparts resulted in closer links between central bankers more generally
Towards a new financial system
Dino Kos identifies the likely changes to the global financial system in light of the credit crunch
Why Bulgaria needs a managed float
Sofia’s currency board is no longer sustainable, argues Ivan Angelov
Interview: Otmar Issing
The architect of the ECB’s monetary policy framework talks to Robert Pringle about his new book and the challenges central bankers face at the moment
Bagehot revisited
The credit crisis has underlined the limited effectiveness of central banks’ lender-of-last-resort function, argues Bruce White
Why the American economy needs fiscal assistance
For all its activism, the Fed cannot address the persistent imbalances in the American economy on its own, says John Balder
Getting the policy mix right
Policymakers should pay greater attention to the links between liquidity and capital, says Glenn Hubbard
Turmoil in the Basel tower
The handling of the resignation of Malcolm Knight was badly bungled, says Klaus Engelen
Draghi prepares to slim down
The Bank of Italy finds resistance from its staff and labour unions, but insists it will push ahead with controversial reforms. Isabella Bufacchi reports
Inside Beijing’s power struggle
Having seized the early initiative in Beijing’s anti-inflation strategy, the People’s Bank of China has seen its authority increasingly challenged, argues Hui Feng