International Monetary Fund (IMF)
Banks’ role to be reduced in future financial system, IMF says
IMF position note says non-bank financial firms will see roles expand; IMF must refine its methods and broaden its view to keep up with changes
SNB appoints new media spokesman
Swiss National Bank names broadsheet economics deputy editor Walter Meier as new media spokesman; Meier to start in early 2011
IMF investigates spread of Islamic finance
Fund research uncovers five factors influencing diffusion of Islamic finance
IMF: central bank independence unrelated to politics
Fund study shows that political factors do not figure in central banks’ independence and effectiveness, but key for budgetary institutions
IMF: East African countries have divergent financial barriers
Fund study finds more advanced members of East African Community have lower financial barriers than others
IMF: commodity shocks explain variation in Latin American fiscal positions
IMF study finds impact of commodity price volatility on government revenue in Latin America linked to fiscal standing
IMF: bond issuance creates more effective monetary policy channel
IMF study says government bond issuance can help mop up excess liquidity, making monetary policy more effective
Vietnam continues dong devaluation
State Bank of Vietnam devalues the dong for the third time in the past 12 months
Iceland slashes on strengthening króna
Central Bank of Iceland cuts rates by one percentage point as it prepares to buy foreign currency following króna gains
IMF: financial stress distorts losses in defaults
IMF study says probability of default measures do not fully account for potential losses
IMF: inflationary risks minimal during recessions
Fund study shows advanced countries are at low risk of inflationary pressure when economy is running under capacity
IMF: Noughties oil swings driven by demand
IMF study says global oil demand shocks led to volatility in prices during last decade
IMF: foreign investment flows have varying effects
IMF study shows that foreign direct investment flows are more effective in some sector of the economy than others
BoK’s Kim: Asia was well prepared for market turmoil
Bank of Korea governor Kim Choong-soo says Asian crisis taught region many lessons that helped prepare them in onset of the last crisis
IMF links historical house prices to default loss
IMF study finds strong link between historical house prices and loss in event of default
IMF’s Min on Fund’s role in safeguarding systemic risk
Dominique Strauss-Kahn's special adviser Min Zhu highlights excess liquidity, international interest rate differentials and systemic risk as future issues
Greece passes first hurdle of bailout programme
European-IMF review of Greek economic programme says country is on track to receive second tranche of funds
Pakistan set to appoint new governor in coming weeks
State Bank of Pakistan says new governor must be in place by beginning of September, but no frontrunners yet
PBoC announces plans to deregulate gold market
People’s Bank of China says it will provide more commercial banks with access to global gold markets to address growing demand
IMF: European debt measurements misleading policies
Fund study says European Union spending cuts neglect impact of policies on future
IMF: democracies outpace autocracies following commodity boom
Fund study shows following an international commodity boom, growth tends to increase in emerging market democracies, but decrease in autocracies
First FSAP for US flags commercial real estate woes
The US banking system at risk from commercial real estate woes, the IMF’s first Financial Sector Assessment Programme says
IMF: high indebtedness depresses growth
Fund study says higher initial debt levels have negative effect on growth
Kosovo’s incarcerated governor hit with fresh charges
Kosovo’s central bank governor Hashim Rexhep charged with allegedly abusing official position and receiving bribes