Central Banking
Measuring financial stability
Difficulties in measuring financial stability should not delay the implementation of an operational framework, research published by the Bank for International Settlements (BIS) argues.
On how credit ratings are used
A report by the Joint Forum has uncovered several trends in the use of credit ratings by the official sector.
Risk deficiencies common to all
The financial crisis and ensuing recession have revealed deficiencies in risk management in both systemically-important financial firms and community banks, Daniel Tarullo, a governor at the Federal Reserve, has said.
Bank of Guyana - Annual Report 2008
Strong growth in the mining, engineering and construction industries boosted Guyana's economic performance in 2008, the latest Annual Report from the country's central bank reveals.
China, Malaysia to use own currencies to trade
Trade between Malaysia and China will soon be conducted in ringgit and renminbi as well as dollars, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, said on Friday.
Ex-Indonesia governor gets two years
Syahril Sabirin, a former governor of Bank Indonesia, will face two years in jail after the country's highest court overturned a verdict given seven years ago.
Ex-Fed's Volcker backs global currency
Paul Volcker, a former Federal Reserve chairman, on Thursday argued that the "ultimate logic" of an international financial system was a world currency, but acknowledged that there were no credible alternatives to the dollar for "many tomorrows".
Bosnia, Turkey sign supervisory MoU
The central banks of Bosnia and Herzegovina and Turkey have agreed to share information on banks operating in both jurisdictions.
Beige Book flags improved expectations
The latest edition of the Federal Reserve's Beige Book, compiled from evidence gathered by the 12 regional Feds, notes that contacts from across the United States had said their expectations for the economy had improved.
Mexico to contribute more to IMF: Ortiz
Guillermo Ortiz, the governor of the Bank of Mexico, has said that the country will contribute more to International Monetary Fund (IMF) coffers in future.
Cyprus's Orphanides on inflation targeting
Inflation targeting has had a positive influence on policy even among central banks that have chosen not to adopt it, Athanasios Orphanides, the governor of the Central Bank of Cyprus, has said.
The equity premium and the volatility spread
The spread between historical and risk-neutral volatilities is seen as a function of the risk premium and of skewness by researchers at the Bank of Canada.
HKMC - 2008 Annual Report
The Hong Kong Mortgage Corporation, a state entity run out of the Hong Kong Monetary Authority's Exchange Fund, performed well in 2008 despite the crisis, the corporation's latest Annual Report states.
Lobbying blamed for supervisory inaction in EU
The failure of some European supervisors to act in the years building up to the crisis was due to fragmentation, a lack of independence and pressure from the private sector, Miroslav Singer, a vice governor of the Czech National Bank, has claimed.
Trade spillovers hit Baltics most
Trade channels dominate the transmission of cross-border spillovers to the Baltic States, a new paper from the International Monetary Fund reveals.
Fed emails point to BoA pressure on Merrill deal
Emails sent by Federal Reserve officials and subpoenaed by government investigators appear to back claims that Ben Bernanke pressurised Bank of America to go ahead with its takeover of investment bank Merrill Lynch after the bank attempted to back out of…
Efficient payment systems boost intermediation
Efficient payment systems increase financial intermediation and the availability of credit, new research from the Bank of England posits.
Lithuania's Sarkinas parries currency concerns
Reinoldijus Sarkinas, the governor of Bank of Lithuania, has said that the country's economy is on a much sounder footing than Latvia in an attempt to soothe fears that a devaluation by its Baltic neighbour would threaten regional stability.
Zuma names Mminele as new SARB deputy
Daniel Mminele will become a deputy governor at the South African Reserve Bank at the beginning of next month.
Fed's supervision head to step down
Roger Cole, the director of the Federal Reserve's division of banking supervision, and regulation is to retire after 30 years at the central bank.
Norges Bank - Annual Report 2008
Norges Bank has recently introduced a new settlement system, notes the central bank's latest Annual Report.
Argentina halts some dividend payouts - report
The Central Bank of Argentina has reportedly asked some banks to stop paying dividends to shareholders after stress tests revealed banks could require more capital.
Basel Committee expands membership
The Basel Committee on Banking Supervision on Wednesday expanded its membership to include all G20 countries.
Krugman hints at inflation remedy to fix crisis
Reducing the real value of debt burdens by stoking inflation is possibly the best bet to spur a global economic recovery, Paul Krugman, the Nobel laureate, said on Tuesday.