Central Banking
Assistance needed to retrain unemployed: NY Fed’s Dudley
New York Federal Reserve president William Dudley says New Jersey and the US as a whole need assistance to reduce structural unemployment
Risks to Korean banking sector have declined: IMF paper
Fund study says Korean banks face less financial and contagion risk since the financial crisis
Outlook rosier towards the East: ECB paper
European Central Bank study says macroeconomic fluctuations look better in the east than west
European markets plummet as bank taps ECB dollar swap line
European Central Bank extends $500 million loan to unknown bank as equity markets move lower on concerns over health of banking sector
New dawn of cooperation in Cyprus
Relationship between finance ministry and central bank set to be much closer after government reshuffle; working together to consolidate fiscal situation in Cyprus
Financing constraints reduces productivity growth: IMF paper
Fund study finds tighter credit conditions have a negative effect on factor productivity
European ABS purchases pushed yield curve lower: Fed paper
Federal Reserve study says European acquisitions of asset-backed securities contributed to decline in US bond yields pre-crisis
New policy approaches should ‘stimulate’ risk-taking: BoE’s Haldane
Andrew Haldane uses historical examples to show macroprudential policy, used to stimulate risk-taking, can work
RBNZ estimates economic benefits from hosting major Rugby tournament
Reserve Bank of New Zealand expects the upcoming 2011 Rugby World Cup to add 1.4% to New Zealand’s growth
Exporting raises firm productivity: Bank of Israel paper
Bank of Israel study shows that exporting firms in Israel are on average more productive than non-exporters
Iceland raises rates in light of weaker króna
Central Bank of Iceland raises interest rates by 25 basis points to curb inflationary pressures from declining króna
Treasury Committee launches inquiry into Financial Conduct Authority
UK Treasury Committee launches inquiry into accountablility of the Financial Conduct Authority; hot on the heels of a similar investigation into the Bank of England
Bank votes unanimously to hold rates
Bank of England minutes show Monetary Policy Committee members Martin Weale and Spencer Dale drop vote to raise rates due to downside risk from euro area
Swiss franc rallies as SNB shows no sign of euro peg
Swiss National Bank intensifies battle against strong Swiss franc by injecting further liquidity into markets; pass on euro-peg moves currency 1% higher
Policymakers must act together, says Lagarde
Lagarde urges policymakers to "act boldly, act together and act now" to restore confidence in the global financial market
RBI’s Mohanty on success of new monetary policy framework
Reserve Bank of India executive director Deepak Mohanty offers positive feedback on central bank’s new operating framework
Limitations of credit default swaps as predictor of default: BoC paper
Bank of Canada study says credit default swaps are unable to encompass all bank transactions when assessing default probability during crises
Soft-dollar pegs not optimal in Sub-Saharan Africa: IMF paper
Fund study says soft peg to dollar increases macroeconomic instability in Sub-Sahara African countries
BoE - Agents' Summary of Business Conditions (August 2011)
Bank of England’s August 2011 Agents' Summary of Business Conditions reports continued weakness in consumer spending
Fitch reports bright future for Sub-Saharan Africa
Rating agency investigations says outlook for the region is brighter than it has been for decades
King sees severe threat to UK financial markets
Bank of England governor Mervyn King says fiscal sustainability of European sovereigns continues to pose severe threat to UK financial system
Fitch issues stern warning to the US
Affirms AAA rating but says failure to agree on deficit-reduction measures would ‘likely result in negative rating action’
Fed 'not out of bullets' says Lockhart
Atlanta Fed president says monetary policy options are available; admits economy is 'closer to the threshold of contraction'
RBA paper on lessons from Australia's labour market since 2000
Reserve Bank of Australia study says evidence from labour market since 2000 shows decline in number of hours worked can prove an effective adjustment mechanism during downturns