Economics
Japan no exception to global threat: BoJ deputy
Kiyohiko Nishimura, the deputy governor of the Bank of Japan, has warned that the world's economies, including Japan, now face serious challenges.
Euro money-market survey 2008
The European Central Bank has published the preliminary results of its latest money-market survey.
We will suffer a while yet: Sweden's Ingves
Stefan Ingves, the governor of the Riskbank, has warned that Sweden will probably have to live with the financial market turbulence and the crisis in the US for a good while to come.
Saudi Arabian Monetary Agency - Annual Report 2008
Saudi Arabia's daily average oil output fell by 4.3% in 2007, the country's central bank says in its latest Annual Report.
Why now is the time for the UK to join the euro
Just when nobody is expecting it, now could be a good time for the British government to announce its intention for the UK to join the euro area, says Robert Pringle, the editor-in-chief of Central Banking journal.
Russian economy may remain lethargic: BoF
If the credit turmoil persists, the Russian financial market is likely to remain lethargic, says a new article by the Bank of Finland.
BoE's Dale: housing to impact banks
The deterioration in the housing market is likely to impact banks' balance sheets, leading them to tighten further the supply of credit, said Spencer Dale, the chief economist and a member of the Monetary Policy Committee (MPC) of the Bank of England.
Iran appoints Bahmani as governor
Mahmoud Bahmani, the generally secretary of the Central Bank of Iran, is to take the helm after the sacking of Tahmasb Mazaheri, local media has reported.
Main Street feeling financial turmoil: Bernanke
Painting a bleak picture of the American economic landscape, Ben Bernanke, the chairman of the Federal Reserve, warned US lawmakers on Wednesday that events on Wall Street were beginning to impact the real economy.
Polish PM finally approves deputy nomination
Donald Tusk, Poland's prime minister, will give the nod to Witold Kozinski to become a deputy president at the country's central bank despite earlier misgivings regarding the economist's stance on currency intervention.
FDIC's Bair: foreclosures impact whole economy
Minimising foreclosures is important to the broader effort to stabilise global financial markets and the US economy, said Sheila Bair, the chairman of the Federal Deposit Insurance Corporation (FDIC).
Reserve Bank of Australia - Annual Report 2007
The sound position of local banks was a major source of strength for the Australian financial system during last year, said Glenn Stevens, the governor of the Reserve Bank of Australia, in the foreword the central bank's latest Annual Report.
Tehran ousts central bank governor
Mahmoud Ahmadinejad, Iran's president, has sacked Tahmasb Mazaheri, the governor of the country's central bank, after just 12 months in charge, state media reports.
Four announcements send stocks soaring
Stock markets surged on Friday on the news of sweeping crisis measures being introduced by the United States Treasury and other government institutions around the world.
What to look for in Paulson's plan
The sweeping arrangements from the US government to buy bad loans and assets from embattled financial institutions are expected to be announced late on Friday and the details will be discussed extensively over the weekend. Here is what to look out for.
Economists question initiative
Leading economists on Friday raised a number of questions about what was known or expected of the plan at the time. Most of the concerns related to how the government (either the Federal Reserve or the US Treasury) would determine at which price to buy…
Impact of new economic data on markets
A new paper by the New York Fed investigates how the issuance of new economic data influences asset prices in the stock, bond and foreign exchange markets.
Russia announces emergency plan
The Russian authorities are preparing to spend $19.59 billion (€13.6 billion) in an effort to stabilise its financial markets as trading on its two main stock exchanges remain closed.
Papademos: China should rethink monetary tools
China's battle against inflation requires enhancing the room for manoeuvre in monetary policy, said Lucas Papademos, the vice president of the European Central Bank.
EU candidate countries' financially stable
The financial systems of EU candidate countries Croatia, Macedonia and Turkey are in a good position to resist adverse shocks, according to a new paper from the European Central Bank.
Questions remain after historic Fed loan
The American government's decision to initiate a far-reaching rescue of American International Group (AIG) breaks a number of historic precedents and raises a number of fundamental questions about the role of government in the financial system.
Central banks in third day of cash support
Central banks around the world continued for a third consecutive day to pump cash into global money markets on Wednesday.
Rupee recovers on RBI intervention talk
India's rupee recovered from a two-year low on Wednesday after the Reserve Bank of India announced measures to boost dollar supply and curb exchange-rate swings.
Immigration and Germany's labour market
A recent paper from the Bank of Italy examines the impact of immigration to Western Germany in the 1990s on wages and unemployment.