Asia
Strauss-Kahn covets lender-of-last-resort role
Dominique Strauss-Kahn says International Monetary Fund must become a global lender of last resort to temper emerging Asia's desire to hold reserves
Rethinking decoupling
The decoupling hypothesis has been one of the casualties of the crisis, Martina Horáková argues
Malaysia’s Zeti: bond market key to keeping savings
Bank Negara Malaysia’s Zeti Akhtar Aziz says a robust Asian debt market is crucial for investments to remain region
Asian finance to grow despite turmoil
Hong Kong Monetary Authority says Asia’s financial systems will expand despite the impact of the global crisis
Thailand’s Nijathaworn on Asia’s Achilles heel
Bank of Thailand’s Bandid Nijathaworn says Asia needs to decouple
Emerging Asia already in recovery
Asian Development Bank sees strong recovery ahead for Asia’s emerging markets in 2010
East Asia-Pacific central banks softened US shocks
Hong Kong Monetary Authority research finds East Asia-Pacific monetary authorities dampened shock from United States money market
Transparency and disclosure limit contagion
Cutting back on information asymmetries can reduce contagion
Bank Negara comes of age
Governors from five continents joined Bank Negara Malaysia in February to commemorate its 50th birthday. Claire Jones reports
IMF's Kato: speed up governance reform
The International Monetary Fund should accelerate reform of its governance structure to better reflect global realities, said Takatoshi Kato, a deputy managing director of the Fund.
ASEAN agree on Chiang Mai
The 13 countries participating in the Chiang Mai Initiative to create bilateral currency swaps have reached an agreement on the main components of the scheme.
Morgan Stanley's Roach on central bank independence
The chairman of Morgan Stanley Asia, a bank, argues that central banks have not made the most of their new-found independence
Asia sets up $120bn FX fund to stave off attacks
Asian finance ministers on Sunday pledged $120 billion to counter the risk of a currency collapse in the region.
Forex reserves not perfect insurance - IMF's Kato
High levels of foreign-exchange reserves can not fully insure against a sudden stop of capital inflows, said Takatoshi Kato, a deputy managing director of the International Monetary Fund.
Unexpected cuts highlight Asian export slump
The Taiwanese and Indonesian central banks surprised markets with rate cuts on Wednesday, both made as evidence mounted that 2009 will be a tough year for Asian exporters.
FSF Asia-Pacific statement notes strains
The fifth annual meeting of the Asia-Pacific group of the Basel-based Financial Stability Forum noted that although the region had been able to withstand the financial crisis to date a number of strains had begun to appear.
From the frying pan to the fire
Emerging markets are feeling the pain of the credit crunch. But some are better placed to deal with the consequences, says Barry Eichengreen
Interbank rates improve
Beyond the gyrations of the stock markets, there were continued signs that conditions in the interbank markets were on the mend.
Singapore, Malaysia guarantee all deposits
Singapore and Malaysia became the latest countries to issue blanket guarantees on all deposits on Thursday.
Financial integration in Asia
A recent collection of eight papers from the Bank of International Settlements focuses on regional financial integration in Asia.
HKMA steps up stability efforts
The Hong Kong Monetary Authority (HKMA) on Tuesday stepped up its efforts to enhance financial stability, issuing a blanket guarantee for customer deposits and offering to re-capitalise its banks.
Asian central banks act on liquidity shortages
Signs of heightening liquidity tensions in Asia emerged on Tuesday, with the Reserve Bank of India adding Rs20,000 crore ($4.16 billion) to its banking system and Bank Indonesia implementing measures to ease stress in foreign-currency markets. Bank…
Australia, NZ guarantee all deposits
Australia and New Zealand became the latest countries to guarantee all deposits over the weekend.
Asia makes rate cut 'truly global'
China cut rates for the second time in as many months on Wednesday, supporting the joint action by six of the most important central banks to loosen policy. A host of other Asian central banks have also replicated the Federal Reserve-led move.