Central Banking
Euro should not covet reserve role
Panellists in CentralBanking.com web seminar say becoming a reserve currency would hamper recovery
Serbia’s Jelašić in shock exit
Governor says departure down to personal reasons
BoJ improves payments and settlements after crisis
Bank of Japan enhances its payments and settlements systems following Lehman collapse
Lockhart: Fed inflation anchor under threat
Atlanta Fed’s Dennis Lockhart warns that inflation expectations may be dislodged as a result of accommodative Fed stance
Hong Kong debt market rebounds
Latest Quarterly Bulletin from Hong Kong Monetary Authority shows debt markets have normalised in the territory following Lehman collapse
RBA: price stickiness overstated in traditional models
Reserve Bank of Australia study shows New-Keynesian Phillips Curve overstates the degree of price stickiness in macro models.
Philly Fed’s Plosser tears output-gap reliance apart
Philadelphia Fed’s Plosser cautions against rocking the policymaking boat
Central banks should oversee systemic risk
CentralBanking.com poll shows majority of respondents think central banks together with government bodies should be responsible for monitoring systemic risk
BoJ makes small concessions to government
Minutes from Bank of Japan’s February policy meeting show divide between policymakers on strength of economy, analysts say central stance unchanged
The bitter divide on inflation targeting
Economists are split over a recent suggestion that central banks should raise their inflation targets to allow more room for cuts in crises
Bank of Canada adapts Black-Scholes model
Bank of Canada uses an adaptation of the Black-Scholes to forecast foreign exchange risks between the US and Canada.
Central bankers see reserve future for renminbi
Central Banking Publications poll points to renminbi becoming reserve currency in the long term
Svensson: Riksbank needs to be more forceful
Riksbank deputy Lars Svensson explains Sweden’s response to crisis and draws on lessons for future
Merkel and central bankers clash over Greek fix
Bundesbank shows reluctance to back Merkel; ECB president Trichet pushes for European rescue fund to aid beleaguered eurozone members
Extra-euro trade growth tops intra-euro trade
Latest trade consistency exercise shows that Extra-euro dominates intra-euro growth in the last decade.
Bernanke: too-big-to-fail problem “unconscionable”
Fed chairman Ben Bernanke calls for a revision of regulation on firms, which are “too big to fail”
King sees “room for improvement” in Bank’s communication
Bank of England governor Mervyn King defends the central bank’s fan charts, which have drawn criticism, but says it can still refine the communication of its forecasts
Bank of Israel back in the black by $374m
Israeli central bank declares a modest profit for last year, following $160m loss in 2008 and $1.4 billion loss the year previous
BoJ report shows uptick in growth
Latest economic report from the Bank of Japan shows a 0.9% increase in GDP
SNB’s Danthine denies franc float claims
Swiss National Bank governing board member Jean-Pierre Danthine denies his remarks hint at plans to float the Swiss franc
Debt holders must share the pain: Tucker
Bank of England deputy governor Paul Tucker says bondholders must be ready from the start to share in losses should a bank get into trouble
Bolaños will return to head Costa Rican central bank
Former central bank president Rodrigo Bolaños will take over at the helm again, after current chief Francisco de Paula Gutiérrez Gutiérrez announces plan to leave in June
India surprises with 25 basis point hike
Reserve Bank of India ups key and repo rates as inflation bursts through 8.5% ceiling
Fullani: reassures parliament on steady recovery
Bank of Albania governor Ardian Fullani reassures lawmakers of continued growth following IMF performance review