United States
Global rules for regulation or “catastrophe”: Trichet
ECB president Jean-Claude Trichet says international coordination is absolutely necessary in revamping regulation
Obama’s proposals – the only game in town
President Obama’s radical proposals recognise that the financial lobby can no longer hold society to hostage. They should be welcomed as a result, Robert Pringle, the chairman of Central Banking Publications, writes.
Schapiro seeks tighter reins on hedge-funds
US Securities and Exchange Commission’s Mary Schapiro eyes more stringent controls for hedge funds and credit rating agencies
Great Depression spread by Germany, not US
A new paper argues that the 1931 crisis was propagated by the collapse of Germany's banking system
Massive debts will stunt growth: Reinhart and Rogoff
Carmen Reinhart and Kenneth Rogoff say on current debt trends, growth rates are set to fall substantially in four years’ time
World’s biggest bond fund cuts back on gilts and treasuries
Pimco says it will reduce its holdings of US and UK government debt on concerns over rising debt and the withdrawal of asset purchase programmes
Crisis down to global imbalances: Obstfeld, Rogoff
Maurice Obstfeld and Kenneth Rogoff say global imbalances key source of crisis
Using inflation to erode the US public debt
Paper examines relationship between size of debt and the temptation to inflate
OECD hikes growth forecasts
Paris-based organisation raises its growth forecasts for next year and publishes 2011 expectations, citing the momentum of the recovery in non-members such as China
Too-big-to-fail matters for macroprudence
Federal Reserve Board research looks at the dynamics of spillover effects of the global financial crisis to Asia and Pacific region
Global regulatory reform not in sight: Kern Alexander
Kern Alexander says consensus on international regulatory reform is still far ahead
Credit-card discrimination hard to prove
Federal Reserve Board finds no evidence of credit-card companies discriminating against minorities.
Summers says crisis won’t hit potential growth
White House adviser Larry Summers says he expects growth to fully recover, optimism contrasts with eurozone outlook
Tips are good inflation hedge
Boston Federal Reserve says Tips hedge well against inflation risk
Fed outlines tougher cards regime
Federal Reserve proposes changes to Regulation Z to protect consumers
Fed audit would damage economy: counsel Alvarez
Federal Reserve lawyer defends central bank against lawmakers’ attempts to scrutinise its monetary operations
Interventions helped creditors not shareholders
Bank for International Settlements reviews market reaction to bank rescue packages during the crisis
Borders affect prices
Boston Federal Reserve looks at the role of international borders in segmenting markets
Not everyone can make it to the top
Boston Federal Reserve finds American families’ economic mobility is decreasing
Beige Book cautiously positive
Federal Reserve’s Beige Book suggests economic activity continued to stabilise
Estate agents do serve social role
Boston Federal Reserve looks at the conflict of interest between a seller of a house and a real-estate agent
Triple A ratings safe for now
Moody’s says Aaa countries have stable outlooks
Shirakawa cites balance-sheet adjustment as key
Bank of Japan governor Masaaki Shirakawa says balance-sheet adjustments in US and Europe are becoming more important as risk of collapse abates
Building a more resilient financial system
The short-term focus that dominated policy, regulation, accounting and governance prior to the crisis has to be changed, argues Jacques de Larosière