Central Banks
Albania's Fullani on maintaining stability
Ardian Fullani, the governor of the Bank of Albania, looked to reassure the country's economists and policymakers that the financial system would remain stable.
Interest rates and the economy: the best models
Analysis conducted by the Bank of Canada of six models looking at the relationship between the term structure of interest rates and the macroeconomy, found those following Diebold and Li's work performed the best.
SWIFT responds to privacy fears with new EU base
SWIFT will open a Europe-based global processing centre for payments as part of a response to allay concerns over data privacy raised after the United States asked for data on financial transactions by Europeans following the 9/11 attacks.
Contrasting views on Old Lady's role in crisis
Charles Goodhart and William Buiter, both former monetary policy committee members at the Bank of England and both now professors at the London School of Economics (LSE), had sharply differing opinions on how the Bank should have handled the recent…
Crisis reveals need for better EU oversight - IMF
A lack of regulatory integration is, in part, responsible for the severe impact of the US subprime crisis on financial markets in the eurozone, according to Michael Deppler, head of the International Monetary Fund's (IMF) European department.
We're not out of this yet - Greenspan
Despite a "creep back to normality" in the asset-backed commercial paper and inter-bank markets, Alan Greenspan, the former governor of the Federal Reserve, cautioned that the recent turmoil could have further repercussions.
SA's Mboweni on the importance of communication
The need for good communication to support an effective monetary policy regime has again been underlined by Tito Mboweni, the governor of the South African Reserve Bank.
OECD advises UK to cut rates
The UK should lower interest rates, the Organisation of Economic Cooperation and Development (OECD) has said.
Spain's Solbes supports Trichet on Sarkozy debate
Pedro Solbes, the Spanish finance minister, indicated that he would side with Jean-Claude Trichet, the president of the European Central Bank (ECB), over his recent exchange with Nicolas Sarkozy, the French president.
Why King lacks allies
Just when Mervyn King, the governor of the Bank of England, was hoping for a respite from the battering he has received from the Treasury Select Committee and others over his handling of the Northern Rock debacle, along comes a heavyweight in the shape…
Alan Greenspan on volatile markets
Interviewed on the BBC's Today programme on 28 September, Alan Greenspan waxed philosophical about the changing nature of financial markets and their relationship to the real economy.
UK business chief singles out King
Richard Lambert, a former member of the monetary policy committee who now heads the Confederation of British Industry (CBI), dismissed Mervyn King's blaming of the Northern Rock crisis on regulatory complexity as unsatisfactory.
Banks snub Old Lady's three-month money
The Bank of England received no bids for its additional three-month tender on Wednesday but the European Central Bank (ECB) revealed that it had loaned €3.9 billion the same day from its marginal lending facility.
Czech central bank holds rates
The Czech National Bank decided on Thursday to keep its benchmark interest rate at 3.25%.
Injections were the right response - OECD chief
Central banks were correct to inject liquidity into the banking system in order to deal with the turmoil in global money markets, said Angel Gurria, the secretary general of the Organisation for Economic Cooperation and Development.
Canada's rate path uncertain - Dodge
A rise in value of the Canadian dollar and mixed signals on inflation risks will present the Bank of Canada with some tough monetary policy decisions in the coming months, David Dodge, the governor of the central bank, said that on Tuesday.
Swiss bulletin predicts US slowdown
The Swiss National Bank's latest monetary policy report presented a pessimistic outlook for the US economy.
New governance head at Norwegian oil fund
Anne Kvam, a legal director at paper producer Norske Skog, will replace Henrik Syse, as head of corporate governance at Norges Bank Investment Management, the Central Bank of Norway's sovereign wealth fund.
Sudan to switch dollar reserves
The Bank of Sudan has said it is looking to replace its dollar reserves with euros and other currencies by the end of 2007 to lessen the impact of US sanctions.
Poland and Romania hold rates
The central banks of Poland and Romania decided on Thursday to leave their benchmark rates unchanged at 4.75% and 7% respectively.
Norway raises rates
Norway's central bank surprised markets by hiking its benchmark rate 25 basis points to 5% on Wednesday.
Research finds East Asian ratings discrepancy
A significant discrepancy exists between agency ratings and market-based default risk measures for East Asian banks, according to a paper published by the Hong Kong Monetary Authority on Tuesday.
Politicians want more power to veto Bank
An enquiry into the crisis at Northern Rock by Treasury ministers is expected to result in calls for their colleague, the chancellor of the exchequer, to be able to overrule the Bank of England and the Financial Services Authority (FSA).