International Monetary Fund (IMF)
Renminbi to shake up the reserves management status quo
China is unlikely to fully liberalise its currency controls during the next five years. But this does not look set to prevent the renminbi from achieving full reserve currency status. By Gary Smith
IMF paper studies credit growth in the Philippines
Research analyses determinants of credit growth and interest margins in the Philippines and Asia; finds factors such as higher growth and lower inflation reduce net interest margins
Central Bank of Ireland’s McMahon lands at UK accountancy firm
Former head of financial institutions at Central Bank of Ireland appointed global head of bank regulation and restructuring at accountancy firm, Mazars
IMF paper evaluates credit risk assessment methods
Working paper compares cumulative accuracy profile and receiver operating characteristic analysis methods for evaluating credit risk
IMF paper investigates capital inflows relationships with other factors
IMF researchers study determinants and inter-relationships between capital inflows, financial development and domestic investment in developing countries
Lagarde hails Turkish reform success
Christine Lagarde completes first visit to Turkey since taking over as managing director at the IMF; praises progress in the country but says economy is now at "critical" juncture
IMF paper looks at alternative monetary policy rules for India
International Monetary Fund researchers show forward-looking rules for monetary policy formulation provide better results in India
IMF research examines links between governance and stress events
IMF working paper discusses correlation between quality of national governance and the likelihood of economic stress events
IMF report backs 'appropriate' Swiss currency floor
IMF supports Swiss National Bank currency floor policy; says floor is “appropriate" and discusses relative success to date
IMF research examines impact of China on commodity markets
International Monetary Fund working paper examines impact of aggregate activity in China on commodity markets; finds Chinese activity impacts majorly on oil markets
Lagarde calls for ‘gradual’ austerity moves
Lagarde calls for gradual and country-specific approach to austerity; says supply-side measures needed to achieve sustainable growth
IMF research discusses bank capitalisation as a signal
International Monetary Fund working paper discusses bank capitalisation levels as market signals and the role of supervisory authorities
IMF research highlights benefits of dynamic loan-loss provisioning
International Monetary Fund working paper advocates dynamic approach to loan-loss provisioning to smooth costs over the credit cycle
IMF’s Shinohara sees three ‘brakes’ on global growth
IMF deputy managing director tells ADB annual meeting that fiscal consolidation, bank deleveraging and foreclosures in the US pose substantial risks to global growth
IMF research examines correlation between structural reforms and economic convergence
International Monetary Fund working paper finds that specific economic reforms can help improve the speed at which regional convergence is achieved
IMF working paper discusses competitiveness and labour costs
International Monetary Fund working paper examines measures of external competitiveness; uses Slovakia as sample for research
IMF research discusses new formulas for compiling CPI indexes
International Monetary Fund working paper examines new formulas for compiling consumer price indexes using geometric averages
IMF research discusses 'sub-optimal' nature of non-independent central banks
International Monetary Fund working paper finds the independence of central banks is crucial to the delivery of socially optimum outcomes
IMF research investigates impact of asset prices on credit growth
IMF working paper examines the impact of asset prices on credit growth; concludes monetary policy should consider the impact of asset price movements
IMF discussion note calls for 'bail-ins' for resolution of Sifis
International Monetary Fund discussion note explores the potential for ‘bail-ins’ to resolve problems posed by systemically important financial institutions (Sifis)
IMF working paper finds dual-mandate central banks cannot meet social optimal level
International Monetary Fund working paper finds central banks that have both a price and financial stability mandate cannot achieve both to the social optimal level
Renminbi could be adopted into SDR by 2015, says CentralBanking.com panellist
Latest Central Banking On Air debate asks if reserve mangers should invest more in emerging markets; panellists believe renminbi will be adopted as part of SDR with just the timescale in question
IMF resources set to rise by $430 billion
IMF to receive up to $430 billion in additional funding; fund stresses resources are “not earmarked” for any region in particular
Central banks are now ‘market makers of last resort’, says Fischer
Bank of Israel governor Stanley Fischer says central bankers have learnt a lot about the liquidity trap and expansionary monetary policy since the advent of the global financial crisis; explains thinking behind Israel’s rate rise in July 2009