Central Banking
Remittances a potential tax base
International Monetary Fund investigates the impact of remittances on public-debt sustainability
India profited from tailored reform: Chakrabarty
Reserve Bank of India’s Kamalesh Chakrabarty says progressive but cautious policies contributed to financial stability amid international financial turbulence
ECB’s González-Páramo cautions on fiscal burden
European Central Bank's José Manuel González-Páramo says fiscal exit strategies need to start alongside economic recovery
Self-regulation has its limits: France’s Noyer
Banque de France’s Christian Noyer says turmoil has underlined weaknesses in financial sector’s ability to police itself
First consultations held on currency for East Africa
Bank of Tanzania hosts first meetings on plans for East African Monetary Union
Use political will to reform finance: Buba’s Weber
Bundesbank’s Axel Weber says political momentum should be utilised to reform global financial market architecture
Estate agents do serve social role
Boston Federal Reserve looks at the conflict of interest between a seller of a house and a real-estate agent
A model for an economy's target value of assets
Centre for Economic Policy Research investigates global imbalances
UN agency calls for global monetary reform
UNCTAD says capital controls needed to curb financial excess, dollar’s role as global reserve currency “increasingly challenged”
Greenspan blames “human nature” for crunch
Former Federal Reserve chairman Alan Greenspan sceptical that another crisis can be avoided until humans learn to accept cyclical nature of capitalism
Card payments continue to soar
Latest World Payments Report sees non-cash payments growing to 250 billion
Triple A ratings safe for now
Moody’s says Aaa countries have stable outlooks
Banks agree to expand central clearing for derivatives
Fifteen banks commit to more central clearing for certain derivatives in bid to fix industry’s tarnished reputation
Gold prices breach $1,000
First time metal rises above $1,000 per ounce since February
Crisis set to change inflation targeting: CentralBanking.com subscribers
CentralBanking.com snapshot shows most think inflation targeting will change. Almost a third believe crisis marks end of framework
ECB’s González-Páramo questions market rally
European Central Bank executive board member takes unusual step of commenting on market prices, hints degree of optimism unwarranted
Basel Committee gets it right
William Isaac, a former chairman of the Federal Deposit Insurance Corporation who now heads LECG Global Financial Services, believes the Basel Committee on Banking Supervision’s accounting guidelines have much to recommend them
Banque de France review offers regulatory preview
Report features contributions from Jaime Caruana, Claudio Borio, Sheila Bair and Nout Wellink
Shirakawa cites balance-sheet adjustment as key
Bank of Japan governor Masaaki Shirakawa says balance-sheet adjustments in US and Europe are becoming more important as risk of collapse abates
ECB’s Stark on preserving price stability
European Central Bank’s Jürgen Stark says no role for government in monetary policy
Bank of Japan – Annual Review 2009
Review shows balance sheet expanded by almost 10%
Floating rate key defence, says Colombia’s Uribe
Central Bank of Colombia’s José Uribe says a flexible exchange rate proved crucial in coping with the global financial crisis
ECB’s Stark –regulation must remain on the agenda
European Central Bank’s Jürgen Stark says policymakers should remained focused on improving regulatory framework despite economic “green-shoots”
Macao links China and Portuguese-speaking countries – Teng
Monetary Authority of Macao’s Anselmo Teng says the country is an important economic link between China and Portuguese-speaking countries