Central Banking
Eichengreen sees dollar safe for now
The euro and the renminbi could both mount a strong challenge to the dollar’s status as the global reserve currency. But, as Berkeley economist Barry Eichengreen tells CentralBanking.com, must overcome some major obstacles before they can do so
Plosser attacks Fed liquidity support
Philadelphia Federal Reserve president says central bank has gone “far beyond” Bagehot’s lender-of-last-resort tenet, should accept nothing but Treasuries
Brazil capital control unlikely to slow real’s rise
Imposition halts currency’s appreciation but analysts sceptical move will help in longer term, investors jittery on Colombian peso
Paulson broke the law for Goldman Sachs, alleges book
Book accuses the former US Treasury Secretary of misconduct over alleged meeting with Goldman officials
Fed names new supervision head
Fed names Patrick Parkinson as Roger Cole’s replacement
France’s Noyer welcomes Islamic finance
Banque de France governor argues that principles of Islamic finance create stability, adding that there is demand for it
King’s speech elicits mixed reaction
Commentators and politicians broadly support Bank governor’s call for break-up of biggest banks, but see no easy fix
RBA’s Payments System Board – Annual Report 2009
Reserve Bank of Australia’s Payments System Board says payments fraud increased
QE has boosted broad money: Bank
Bank of England’s Monetary Policy Committee unanimous in decision to keep the bank rate and the asset purchase programme unchanged
Research to focus on stability: Buba’s Weber
Bundesbank’s Axel Weber says central banking studies must concentrate on financial stability and links to monetary policy
King is right to call for radical reform of banking
Bank of England governor’s desire for fundamental overhaul should be applauded, Robert Pringle, the chairman of Central Banking Publications, argues
King calls for radical reform of banking
Bank of England governor pushes for root-and-branch reform, says Bank will detail macroprudential approach later this week
Bernanke: don’t lose sight of global imbalances
Fed chairman’s comments build on recent efforts by the International Monetary Fund to deal with instability of global monetary order
IMF’s Lipsky on lessons from past crises
IMF deputy managing director discusses what has been learnt from the crises, and how emerging markets have avoided the worst
France’s Noyer likely to win second term
French central bank governor looks set to be given a second term after glowing endorsement from economy minister
Korea considering shifting dollar assets to gold
Korean central bank reportedly interested in diversifying reserves; favours gold over dollar
Corporate debt purchase no longer vital: BoJ
The Bank of Japan’s rate setters say financial conditions improving on the whole, some downside risks remain
Bank of Botswana – Banking Supervision Annual Report 2008
Central bank says banking sector was resilient despite crisis because of limited exposure, but anticipates ‘second-round’ effects
Canada sees more modest recovery
Bank of Canada downgrades growth forecasts slightly, says slack to remain until September 2011
Ireland names new chief regulator
Bermuda Monetary Authority governor will take up senior post at central bank
NY Fed sets out stall on reverse repos
New York Fed communicates workings of possible strand of exit strategy
Gulf officials call for UAE, Oman to rejoin monetary union
Members of the four states still involved in plans for single currency in the Gulf ask UAE and Oman to come back
Ireland hints at IMF intervention in bid to slash costs
Irish health minister Mary Harney suggests IMF will make drastic cuts if the government cannot rein expenditure in
BoE’s Posen backs governor on smashing up banks
Newest member of the Bank of England’s Monetary Policy Committee sees case for limiting bank size “full stop”