Central Banking
Too-big-to-fail matters for macroprudence
Federal Reserve Board research looks at the dynamics of spillover effects of the global financial crisis to Asia and Pacific region
Danes naturals for mobile payments
National Bank of Denmark research suggests that Danish consumers should utilise mobile payments more
Botswana’s Mohohlo looks set to stay
Botswana’s governor Linah Mohohlo to remain in office past the expiry of her current term, central bank spokesman confirms
Narrow banking would create more instability: FSA’s Turner
Adair Turner, the head of Britain’s financial regulator, says narrow banking is not the solution because it fails to understand the root problem in the sector
The role of monetary policy in mitigating terms of trade instability
A paper from the Reserve Bank of Australia finds that floating exchange-rate regimes play the central role in soothing terms of trade volatility, followed by monetary policy measures
Innovation, not regulation, the challenge
Heng Swee Keat, head of Singapore’s central bank, said Asian economies have different needs in emerging from the current financial crisis
Former Bank MPC members play down negative GDP number
Willem Buiter and Charles Goodhart dismiss third-quarter growth statistic; push for moderate expansion of quantitative-easing programme
FSA’s Turner is right to push for a Tobin tax
The financial sectors in mature economies grew too large in the run-up to the crisis. A Tobin tax can help prevent this from happening again, argues Costas Lapavitsas, a professor at the School for Oriental and African Studies
BIS global financial regulator needed: Griffith-Jones
Stephanie Griffith-Jones argues for far stronger global financial regulatory governance under the Bank for International Settlements (BIS)
Global regulatory reform not in sight: Kern Alexander
Kern Alexander says consensus on international regulatory reform is still far ahead
Iceland begins dismantling capital controls
Central Bank of Iceland takes first step towards capital-account liberalisation
Exports to lead Estonian recovery
Exports and euro adoption will be crucial in the Baltic state’s economic resurgence
A new transmission model – research
An IMF working paper outlines a panel unobserved components model of the transmission mechanism
Japan shifts liquidity focus to loans
The Bank of Japan will extend low interest corporate loans to March, but halt purchases of commercial paper and corporate bond at year-end
Paul Jenkins to leave Bank of Canada
Paul Jenkins, senior deputy governor of the Bank of Canada, will leave the central bank when his current term expires in April 2010
Bank of Portugal launches new website
The Bank of Portugal has unveiled a new and more user-friendly portal
HKMA lays down law on pay
Central bank gauges local industry reaction to its draft guideline
India’s Thorat: coordination key in crisis
Reserve Bank of India’s Usha Thorat draws regulatory and crisis-management lessons from India’s past financial crises
Kenya’s Ndung’u praises M-Pesa
Central Bank of Kenya’s Njuguna Ndung’u says M-Pesa mobile payments service improves financial inclusion and provides secure remittances channel
Geithner’s scorecard for the resolution plan
Timothy Geithner, US Treasury Secretary, sets out five indicators to measure the success of the resolution plan
Net lending increases: Bank of England figures
Bank figures also show an increase in mortgage loan approvals
UK offshore centres must raise their game: report
Former FSA official highlights the need for “tax havens” to bring regulation up to international standards
No “urgency” to exit as Kiwis hold rates
Decision to stay at record low reflects recovery
Unconventional measures must remain – Buba’s Weber
Axel Weber says main liquidity-boosting measures must continue and be wound down only gradually