Central Banking
Cœuré gives views on eurozone picture
Newest member of executive board at the ECB expresses support for past policy actions; calls on eurozone governments to act
Philadelphia Fed launches consumer credit and payments web pages
Research and statistics on consumer credit and payments now displayed on separate web page; includes searchable publications library and access to podcasts
Lithuania continues restructure of operations
Bank of Lithuania continues “optimising” operations; will concentrate key functions within specialised services and close a vault
Irish central bank appoints director of economics
Central Bank of Ireland hires chief economist from Swedish Financial Supervisory Authority
David Lees remains Court of the BoE chair
HM the Queen approves political recommendations that David Lees be reappointed as chair of the Court of the Bank of England
De Larosière fears another crippling credit crunch in Europe
New international banking regulations aimed at cleaning up the financial system could cause a crippling credit crunch in Europe, says Jacques de Larosière
Bank of Canada studies household finances and financial stability
Bank of Canada Review for winter 2011-12 examines recent research into rise in household debt and upward trend in house prices
Central Bank of Chile working paper deals with pricing norms
Chilean research relaxes standard assumption in macroeconomics that pricing decisions are taken by single-product firms
Botswana releases Monetary Policy Statement
Bank of Botswana releases Monetary Policy Statement for 2012; includes inflation predictions and explains target overshoot in 2011
IMF paper looks at coincident indicators of capital flows
International Monetary Fund research paper finds methods of tracking capital flows often result in over-predictions
Philippines reveals extent of lending to IMF
Central Bank of the Philippines announces shift in relationship with International Monetary Fund; holdings from the country have been used to support Ireland, Portugal and Greece
Ukraine picks central banker as finance minister: reports
First deputy governor Yurii Kolobov becomes finance minister; local media reports unconfirmed by official sources
EU banking sector reform group finalised
EU commissioner reveals picks for expert group on banking reforms; governor of the Bank of Finland is chairman
Turkey agrees currency swap with China
Central Bank of the Republic of Turkey and People's Bank of China agree currency swap
RBI’s Chakrabarty notes progress in Indian banking sector
Reserve Bank of India deputy governor says improvements still needed in financial inclusion, competition, consolidation and globalisation
Asean+3 safety net needs more firepower
The regional liquidity safety net in Asia created via the Chiang Mai Initiative is still small and needs a more aggressive pre-emptive mandate if it is to head off crises before they occur
NY Fed paper examines workforce skill across US
Staff paper finds different skill sets in different regions of the country; urban areas have more workers with ability to generate ideas and solve complex problems
Spain’s Ordóñez remembers former governor
Governor of the Bank of Spain delivers opening remarks at conference held in memory of Luis Ángel Rojo, former governor of the central bank, who passed away last year
BoE’s Bean defends policy actions
Charlie Bean tells Scottish Council for Development and Industry tighter policy could have worsened the economic situation in the UK
Vietnam and San Francisco Fed reflect on banking seminar
State Bank of Vietnam deputy governor meets with delegation from Federal Reserve Bank of San Francisco; group discusses recent seminar on monitoring and managing banks in Vietnam
HKMA’s Chan says fiscal cuts are essential for Europe
Hong Kong Monetary Authority chief executive Norman Chan says Europe must make deep fiscal cuts to regain market confidence. Talks about macro-prudential regulation, the Hong Kong dollar peg and the internationalisation of the renminbi
Bank of Jamaica governor offers growth and inflation predictions
Brian Wynter predicts growth and inflation levels for fiscal year 2011-12; says unaltered monetary policy stance in last quarter was due to uncertainty both abroad and domestically
BoE minutes show two votes for greater QE
Minutes of latest Bank of England monetary policy meeting reveal two rate-setters wanted to see greater quantitative easing than the £50 billion that was settled on
Italy’s Visco issues call to action for banks
Governor of the Bank of Italy says banks must not “starve” the economy of credit; explains now is the time to intensify efforts to strengthen balance sheets