Central Banking
Rethinking risk aversion in asset-price models
San Francisco Fed shows measuring household risk aversion correctly is crucial for understanding asset prices
ECB winds up euro-franc swap line
The European Central Bank says it will let seven day euro-franc swap line expire at the end of January in a further sign that it is withdrawing extraordinary support measures
Brazil broadens settlement universe
The Brazilian central bank grants brokers and dealers direct access to its Selic settlement system
Accurate inflation forecast crucial for exit plan
St Louis Fed looks at challenges in designing effective exit policy
Timing is everything: RBI’s Subbarao on exit
RBI governor Duvvuri Subbarao stresses the need to support recovery while addressing soaring inflation a week ahead of next policy meeting
Swiss govt must defend free trade – SNB’s Roth
Swiss National Bank’s Jean-Pierre Roth says weak growth, unemployment, public finance and inflation key future challenges
Bank of Estonia – Financial Stability Review 2/2009
Bank of Estonia says borrowers’ capability to repay debt is the main risk to stability
Bank of Italy – Economic Bulletin January 2010
Bank of Italy – Economic Bulletin January 2010 Bank of Italy says recovery will be sluggish in 2010 and 2011
Shirakawa pledges to keep policy loose
Japanese governor Masaaki Shirakawa reiterates the central bank’s commitment to tackle deflation as figures show more people expect prices to fall over 2010
Bernanke appeals to keep Fed’s oversight powers
Federal Reserve chairman makes the case for the central bank to retain banking supervision in letter to lawmakers; Volcker supports systemic role
Denmark surprises with second cut in a week
National Bank of Denmark cuts key rate by a further ten basis points on Thursday in a bid to hold back krone
Kan revives worries over BoJ-government conflict
The appointment of Naoto Kan as finance minister last week has added to the tension between government and central bank
Brazil names new head of foreign affairs
Central Bank of Brazil appoints Carlos Araujo to lead international affairs as current head Maria Celina Arraes returns to UN post
RBI's Mohanty bemoans inflation measures
Reserve Bank of India's Deepak Mohanty wants robust primary measure of inflation
Bank of Korea - Financial Statement Analysis (Q3 2009)
Analysis points to low growth in the three months to September 2009, but notes some reasons for optimism
Israel’s Hizkiyahu on financial regulation architecture
Bank of Israel’s Rony Hizkiyahu says move from sectorial to functional regulation key
Italy's economy in the crisis
Bank of Italy looks at the effects of the crisis on the Italian productive system
How oil prices affect the economy
Bank of Canada paper finds that energy prices affect economy mainly through supply side
Federal Reserve -- Beige Book
US central bank’s first report for 2010 shows the economy continuing to improve
Greece must help itself: Trichet
Jean-Claude Trichet, the ECB’s president, says the debt-ravaged country must act firmly to save itself and cannot expect special treatment
RBA chalks up half century
Australia's central bank turns fifty
Slovakia ex-chief made OECD ambassador
Ivan Šramko, the ex-governor of the National Bank of Slovakia, named ambassador to OECD days after leaving central bank
No consensus on quantitative easing
Roundtable reveals divisions on whether Bank of England’s asset purchase programme has helped
Atlanta’s Lockhart: don’t politicise the Fed
Atlanta Federal Reserve’s Dennis Lockhart says Fed must have the capacity to make unpopular decisions