International Monetary Fund (IMF)
Iceland pledges to restart FX market
The Central Bank of Iceland pledged to restore the foreign-exchange market in the country, naming three banks as market makers.
IMF's Lipsky: fiscal stimulus required
Global fiscal stimulus of 2% of GDP is required in the current situation, said John Lipsky, the first deputy managing director of the International Monetary Fund.
Oil prices, fiscal policy and business cycle
In countries with a large oil sector relative to the rest of the economy, oil price changes affect the economic cycle through fiscal policy, finds a new paper from the International Monetary Fund.
Pakistan lifts rates to stem crisis
The State Bank of Pakistan raised interest rates by 2% in an attempt to control inflation, which has spiralled to 25%.
IMF sees advanced economies contracting in 2009
The International Monetary Fund (IMF) on Thursday revised downwards its estimate for global growth next year by four-fifths of a percentage point to 2.2% and said it believes the advanced economies will contract over 2009.
ECB communicates well
European Central Bank's (ECB) monetary policy communication is clear in about 95% of cases, finds a new paper from the International Monetary Fund.
IMF pledges $18.6bn to Ukraine, Iceland
The International Monetary Fund (IMF) has agreed multi-billion dollar loans with Reykjavik and Kiev, and said it is close to agreeing terms for Hungarian assistance.
IMF chief apologises for affair
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), has apologised for an affair with a former staff member, saying the relationship was "a serious error of judgment."
Forint's slide prompts drastic hike in Hungary
The National Bank of Hungary on Wednesday hiked rates by 300 basis points to 11.5% on Wednesday after the forint's slump against the euro intensified.
Korea guarantees banks' foreign debt
The Korean government has announced bolds initiative to help its financial institutions overcome difficulties in securing overseas funding.
Italy's Draghi: World Bank should reach out
The World Bank needs to reach out to all its member countries, said Mario Draghi, the governor of the Bank of Italy.
IMF's Lipsky: regulatory change needed
All systemic US financial intermediaries should be put under one single regulator, said John Lipsky, the first deputy managing director of the International Monetary Fund.
Systemic banking crises - a new database
A paper from the International Monetary Fund presents a new database on the timing of systemic banking crises and policy responses to resolve them.
Central banks must abandon finance sector: Rogoff
Kenneth Rogoff, a former chief economist at the International Monetary Fund, has urged central banks to stop supporting their beleaguered finance industries.
Don't rely on oil discount, warns IMF's Lipsky
John Lipsky, the first deputy managing director at the International Monetary Fund, has warned central banks to stop relying on a fall in oil prices to temper inflation.
IMF to loan Georgia $750m
The International Monetary Fund (IMF) looks set to lend Georgia $750m to help rebuild the country in the aftermath of its conflict with Russia.
IMF's Lipsky on the benefits of transparency
The benefits of central bank transparency should be remembered despite some drawbacks, said John Lipsky, the first deputy managing director of the International Monetary Fund.
IMF: emergency liquidity frameworks not ideal
There are shortcomings in the existing emergency liquidity frameworks of central banks, said Saleh Nsouli, the director for offices in Europe at the International Monetary Fund.
Integration raises solvency risks
More financial integration and innovation increases the risk of market and liquidity stress resulting in insolvency, a new paper from the International Monetary Fund finds.
IMF is adapting to its members' needs
The International Monetary Fund (IMF) has focused its efforts to adapt to a changing world, said Saleh Nsouli, the director for the Fund's offices in Europe.
Georgian violence prompts rate cut
The National Bank of Georgia has cut rates to combat the economic impact of the country's conflict with Russia.
Big US bank to go bust soon: Rogoff
Kenneth Rogoff, a former chief economist at the International Monetary Fund (IMF), has warned a big American bank is likely to collapse before the end of the year.
Ghanaian deputy quits for political role
Mahamudu Bawumia, a deputy governor at the Bank of Ghana, will leave to pursue a political career.
China to set up FX unit to control renminbi
The People's Bank of China will establish a foreign-exchange department to help manage the appreciation of the renminbi.