Central Banking
Interview: Hervé Ferhani
Hervé Ferhani, a deputy director at the IMF, discusses how the role of central banks will change post crisis
BoE: home equity withdrawals rising but still negative
Bank of England paper shows that house equity withdrawals remain negative despite recent upswing in equity extraction
Trichet: fixing public finances precursor to price stability
Jean-Claude Trichet calls for member states to put public finances in order
Aussie dollar boosted as RBA hikes again
Reserve Bank of Australia increases benchmark rate to 4.25%
Interview: George Milling-Stanley on gold
The managing director, government affairs at the World Gold Council discusses central banks' recent purchases of the precious metal
Roots of CIC investment strategy lie in US relationship
Research sees strategic investment as outcome of Sino-American relations; portfolio management owe little to Santiago Principles a consequence
Canadian balance sheet shrinks as liquidity programs expire
Bank of Canada reports a C$7.2 billion balance sheet contraction in 2009 as rebound in global economy reduces demand for central bank funds
NY Fed displays Maiden Lane holdings
New York Fed opens up on holdings of Bear Stearns and AIG bailout vehicles, provides details to improve access to information
IMF: credit markets key to economic recovery
IMF study shows that a healthy financial sector is essential to a speedy recovery in the economy
Kim opens new chapter for Bank of Korea
Recently appointed governor of the Bank of Korea sets out future strategy for bank and country
Fed’s Duke warns community banks are under threat
Governor Elizabeth Duke highlights some of the dangers posed by troubled real estate markets on community banks
RBNZ: inflation targeting no guarantee of stability
Reserve Bank of New Zealand Monthly Bulletin shows more than targeting inflation alone is needed to ensure macroeconomic stability
British bonds rest on “a bed of nitroglycerine”: Pimco chief
Head of biggest bond fund sees investors penalising gilts as British attachment to quantitative easing stirs worry that government seeks to inflate debt away
Fund takes charge on better financial data
IMF will up the frequency of data on international investment positions, and recommend that members add soundness indicators and tables showing duration before debt maturity
Richmond Fed appoints new head of supervision
Jennifer Burns succeeds Malcom Alfriend as senior vice-president at Richmond Fed
Denmark shoots down covered bonds idea
Danish governor argues against reforms to adjust requirements on covered bond collateral but concedes change is necessary
NY Fed’s Sack warns of excessive reforms
New York Fed’s Brian Sack discusses lessons from the crisis but cautions reforms may be superfluous
RBA goes back to class
Reserve Bank of Australia paper shows that ‘learning’ component makes up for short comings of rational expectations model
BoE study justifies interest-rate cuts
Bank of England research finds rate cuts warranted as risks of high rates outweigh the cost of short term inflation
Brazil’s Meirelles in political limbo
Brazil governor Henrique Meirelles has until Friday to decide if he will remain at the central bank, political ambitions rocked by Lula, party leaders; head of financial stability likely successor
Ireland’s bad bank worse than expected
Details of the National Asset Management Agency spook markets as commentators worry over whether the agency is structurally sound, Anglo Irish bailout under spotlight
Property woes will force more bank bailouts: economist
Officials right to flag risks posed by commercial real estate but Washington must also present a clear message on how to deal with the issue
Bangladesh Bank switches to solar power
Central bank lights up on green energy
Iceland climbs into profit; postpones pay rises
Central Bank of Iceland makes a modest profit for 2009, compared with sizable loss of the previous year; postpones wage hikes until summer