Europe
Why Europe needs a Financial Stability Fund
Investors need assurances over the debt of European Union member countries, Daniel Gros and Stefano Micossi argue
EBRD gives gloomy outlook on eastern Europe
Growth is set to falter across most of central and eastern Europe next year, with two of the three Baltic states likely to contract, the European Bank for Reconstruction and Development (EBRD), said on Tuesday.
Eurozone in recession
The eurozone is in recession following the release of official statistics on Friday that showed that its economy contracted for the second quarter in a row.
No uniform path to euro
There is no one-size-fits-all euro adoption policy available for the eight new EU countries from Central and Eastern Europe, finds a new paper from the Bank of Estonia.
IMF on European outlook
The International Monetary Fund expects growth to stagnate in advanced economies in Europe, while the region's emerging economies will slow down significantly.
EU agrees to re-capitalise banks
European Union (EU) officials on Sunday agreed to follow Britain's lead in pledging to inject sufficient capital into the region's battered banks.
Denmark, Germany step up deposit guarantees
The Danish and German authorities have become the latest countries to raise their deposit guarantees to prop up their battered banking sectors.
ECB's Bini-Smaghi: tackle conflicts of interest
The main problem with financial markets comes from conflicts of interest at all levels, said Lorenzo Bini-Smaghi, a member of the executive board of the European Central Bank.
EU economists demand systemic response
A group of Europe's most prominent economists on Thursday urged Brussels to re-capitalise the continent's battered banking sector or risk the crisis spiralling out of control.
European authorities rescue Dexia
The Belgian and Luxembourg authorities on Tuesday presided over their second bank bailout in as many days, rescuing Dexia, the world's largest lender to local government, along with their French counterpart.
Banks favour Frankfurt for dollar auctions
Results of the European Central Bank's (ECB) and Bank of England's dollar auctions indicate the Frankfurt-based institution's operations are attracting more bids because of its more lenient collateral rules.
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.
Tumpel-Gugerell: we need a European SEC
Europe's needs to get its house in order to be prepared for the global challenges related to the infrastructure for securities, said Gertrude Tumpel-Gugerell, a member of the executive board f the European Central Bank.
Government still not at the SEPA table
European governments who fail to move on SEPA must be shamed into action, said Jean-Michel Godeffroy, the director general for payment systems at 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.
Interview: Carlo Tresoldi
"Without intervention it will be difficult to meet the timescale of 2010 for migration to the new Single Euro Payments Area (SEPA) instruments," Carlo Tresoldi told Centralbanknews.com on Tuesday.
Fiscal surveillance needs more timely data
Quarterly data from the European System of Integrated Economic Accounts should be used for real-time fiscal surveillance in Europe, new research from the European Central Bank finds.
Tumpel-Gugerell on SEPA for cards
Once SEPA for credit transfers and direct debits are in place, the European Payments Council will devote its full energy on to a harmonised and integrated cards market, said Gertrude Tumpel-Gugerell, a member of the executive board of the European…
Interdependence requires payment overhaul
Central banks need to adjust their oversight of payment and settlement systems to the new reality of heightened interdependence in financial markets, said Haruyuki Toyama, a deputy director general at the Bank of Japan at SIBOS, an industry forum…
EU central banks to devise reform agenda for Serbi
Eighteen European Union (EU) central banks are to collaborate on a report to determine the future strategy of the National Bank of Serbia.
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.
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.
Europe the best-regulated region: IMF
European authorities lead the world in regulation, says new research published by the International Monetary Fund (IMF).
The wider benefits of assistance
Juliet Johnson suggests that assistance to post-communist central banks by their Western counterparts resulted in closer links between central bankers more generally