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FMI

Innovation impacts money demand

Technological developments affect average money holding and interest elasticity of money demand, research from the Bank of Italy notes.

Optimising cash supply

Central banks need to take a business minded approach to their cash-supply function, argues Brian Lang

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.

British PM denies UK close to joining euro

Gordon Brown, the British prime minister, has denied the UK plans to join the eurozone after the European Commission president said Britain was "closer than ever before" to adopting the single currency.

Papua New Guinea's Kamit praises polymer

The benefits of polymer banknotes are their cost-effectiveness, durability and greater ability to withstand counterfeiting, said Wilson Kamit, the governor of the Papua New Guinea.

Caruana gets top job at BIS

Jaime Caruana, the director of the International Monetary Fund's (IMF) monetary and capital markets department, will succeed Malcolm Knight as general manager of the Bank for International Settlements (BIS).

SNB's Heller to head Basel payments committee

Daniel Heller, the head of the Swiss National Bank's financial stability and oversight section, will take over from Denis Beau, a deputy director general of Banque de France's economics and international relations department, as head of the secretariat…

Remittances suffer in the wake of turmoil

Remittance flows to developing countries slowed in the third quarter of 2008 and are expected to slow further in 2009 due to the global financial crisis, a new report from the World Bank finds.

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