Central Banking
Network analysis key to understanding crisis: ECB’s Tumpel-Gugerell
Gertrude Tumpel-Gugerell, ECB executive board member, emphasises the magnitude of contagion in the financial system
IMF disputes reserves’ role in shoring up stability
International Monetary Fund says large reserves stockpile didn’t help weather the crisis
Islamic finance inherently robust: Malaysia’s Zeti
Malaysia’s central bank governor says fundamental Islamic principles set out a resilient strategy for risk management
Asian central banks propping up dollar: reports
Central banks buying dollars to prevent local currencies from appreciating against greenback
Estonia to meet eurozone inflation target by end of 09
Baltic state “eager and willing” to fulfil Maastricht criteria, says central bank economist
Lats peg under spotlight once again
Rumours of devaluation resurface following government move to limit debt burden, but state officials say will maintain euro peg
Tips are good inflation hedge
Boston Federal Reserve says Tips hedge well against inflation risk
China’s consumption key for crisis exit
International Monetary Fund says global recovery needs China and Japan to strengthen domestic consumption
Trichet sees “pressing need” for fiscal responsibility
Announcing that interest rates would be kept unchanged, ECB president calls for governments to formulate realistic exit strategies
FSA’s Turner on making EU rules a success
Financial Services Authority’s Adair Turner sets out factors to determine success of European Union proposals
The geography of return predictability
Central Bank of Cyprus investigates whether local stock returns vary with local business cycles in a predictable manner
Officials must prepare for higher US saving: Geithner
Acknowledgment needed that American savings rates will be higher post crisis, US Treasury secretary Tim Geithner warns
CNB’s Singer blasts media portrayal of CEE
Czech National Bank’s Singer rails at blanket assessments of central and eastern Europe
Fed’s Dudley warns of looming commercial property woe
New York Federal Reserve’s William Dudley flags risks from commercial real estate sector, says strains restraining recovery
ECB’s Tumpel-Gugerell calls for structural reforms
European Central Bank's Gertrude Tumpel-Gugerell says structural reforms needed to emerge from the crisis
Future rate disclosure works
Bank of Italy looks at the impact of disclosing future rate movements as part of monetary policy
Bank economist to head Nomura’s European team
Peter Westaway leaves the Bank of England, joins investment bank as chief economist for Europe
Australia hikes rates in surprise move
Reserve Bank of Australia joins Bank of Israel in tightening borrowing costs on signs recovery in full flow
A cynical view of the 2009 IMF/ World Bank meetings
Robert Pringle, the chairman of Central Banking Publications, sums up this year’s gathering in Istanbul
Geithner wades into World Bank funding debate
Tim Geithner says governments must support World Bank’s bid for more capital after officials question governance model
G30 calls for smaller IMF board, surveillance revamp
Group of Thirty wants four European members off International Monetary Fund board, says all countries must agree to surveillance reports
DSK picks ex-Japanese politician to succeed Kato
International Monetary Fund managing director proposes Naoyuki Shinohara as next deputy managing director
Former Bank official to advise Treasury on stability
Alistair Clark to advise Whitehall on financial stability
FDIC’s Bair offers too big to fail answer
Federal Deposit Insurance Corporation chair says current wind-down mechanism should be extended to all banks