Central Banking
Inflation targeting: lessons from the crisis
Spencer Dale, the chief economist at the Bank of England, has said inflation targeting should remain a mainstay of macroeconomic policymaking in Britain.
Central banks right for stability role
One regulatory organisation in each country should be responsible for overseeing the stability of the overall financial system and that organisation should be the central bank, new research argues.
Trichet sounds debt warning
Jean-Claude Trichet, the president of the European Central Bank (ECB), has warned that many European governments have reached the ceiling in terms of how much debt they can incur in fighting the recession.
RBI's Subbarao dismisses deflation worries
The governor of the Reserve Bank of India (RBI) has dismissed fears that the country's economy could suffer a prolonged bout of falling prices, saying that there was "no concern of deflation."
Blanchard and Roubini caution on global recovery
The developed world will see a return to positive growth by the end of the year, but sustaining the recovery will be a delicate balancing act, said Olivier Blanchard, the chief economist of the International Monetary Fund (IMF).
Swiss ponder new break-up measures
The Swiss National Bank (SNB) is considering ways to possibly break up large banks and wind down some of their business units during difficult times.
Angola to launch sovereign fund this year
Angola plans to launch a sovereign wealth fund before the end of 2009, Severim de Morais, the country's finance minister, has said.
Liquidity facilities and interbank lending
This paper by economists from the Federal Reserve Bank of San Francisco finds that the liquidity facilities introduced by central banks during the current crisis helped lower the liquidity premium in term interbank rates.
Gonzalez-Paramo on the future of central banking
In this speech, Jose Manuel Gonzalez-Paramo, a member of the executive board of the European Central Bank, argues that the crisis "will bring about a new environment for policy-making in a number of areas related to central banking."
Riksbank sees anxious corporate sector
This survey by the Swedish Riksbank finds evidence of cautious optimism amongst the country's corporations, but notes that there is "considerable anxiety about a setback in the development of economic activity."
World Bank sees Chinese stability
The World Bank has argued that "it is not necessary and probably not appropriate to add more traditional stimulus in 2009" to the Chinese economy, which will continue to grow "respectably."
Canada to support private liquidity creation
The Bank of Canada, as the ultimate provider of liquidity to the system, is thinking through whether to adapt its facilities to support continuous private liquidity creation, said Mark Carney, the governor of the central bank.
IMF's Lipsky: expansionary fiscal policy still key
Fiscal policy in advanced and many emerging-market economies should remain expansionary at least through 2010, said John Lipsky, the first deputy managing director of the International Monetary Fund.
BIS volume on household debt-policy implications
The Bank for International Settlements has published a volume of speeches and papers delivered at a seminar on the implications of household debt for monetary policy and financial stability, held in March 2008 in Seoul.
The state of the art of inflation targeting
The Bank of England's Centre for Central Banking Studies has published a new handbook showing the key features of the inflation-targeting frameworks in each of the 26 inflation - targeting central banks around the world.
Antiguan head regulator charged over Stanford
Leroy King charged by SEC
EU central bankers to pick stability board head
The head of the European Central Bank (ECB) will no longer automatically become the head of the proposed European Systemic Risk Board following objections from the United Kingdom, and several central and eastern European countries.
Dublin outlines plans for new regulator
The Irish finance ministry on Thursday published its plans for a new financial regulator, titled the Central Bank of Ireland Commission.
US consents to $100 billion IMF boost
The US Congress on Thursday finally agreed to a $100 billion credit line to the International Monetary Fund (IMF), pledged by President Barack Obama after the G20 meeting in London.
UK doubtful on joining ECB's Target2-Securities
Old Lady raises issues on securities transfer
Iceland shows need for pan-EU supervisory approach
The Icelandic experience in the current crisis shows that the European Union's (EU) arrangements for cross-border banking supervision and deposit insurance need urgent strengthening, a new paper from Robert Wade, a professor of political economy at the…
Europe's banking fragility needs urgent attention
Europe's banks are so fragile that measures must be implemented within the next 12 months, a paper by Adam Posen and Nicolas Veron, two economists at the Peterson Institute for International Economics, posits.
Bernanke: bottom-up actions key for recovery
Economic recovery and development is a bottom-up as well as top-down process, said Ben Bernanke, the chairman of the Federal Reserve.
ECB - Financial Stability Review June 2009
Most large and complex banking groups operating in the euro area appear to have enough capital to withstand severe but plausible stress scenarios, notes the latest Financial Stability Review from the European Central Bank.