Central Banking
CentralBanking.com’s subscribers back Bernanke
More than 70% of voters in favour of Ben Bernanke being reappointed Fed chairman in 2010
Svensson: aim inflation expectations above target
Lars Svensson, one of the defenders of inflation targeting, says above-target inflation needed to spur employment
Richmond Fed hires new general counsel
Richmond Federal Reserve names Michelle Gluck as new chief legal officer
Gold is special
International Monetary Fund investigates how macroeconomic announcements affect commodity prices
Italy’s Draghi: industry must be supported
Bank of Italy’s Mario Draghi says labour and firms key in fighting Italy’s recession
India’s Chakrabarty: technology key in inclusion efforts
Reserve Bank of India’s Kamlesh Chandra Chakrabarty says that financial inclusion initiatives must have a business model
New Keynesian Phillips Curves with wage rigidities
Bank of Canada applies structural inflation models with real wage rigidities to the domestic economy
The real exit problem at the Federal Reserve (and ECB and BoE)
Central bankers must abandon their focus on targeting inflation in the medium term if we are to really consign the crisis to history
Payments end-users bemoan lack of Sepa dialogue
Payment Systems End User Committee (EUC) labels consultation on the Single Euro Payments Area insufficient
British PM slams plans to soup up Bank role
Gordon Brown labels Conservative Party proposals to disband FSA and hand supervision to the Bank of England “wrong”
HK, Singapore, Malaysia to devise deposit-insurance exit
Hong Kong Monetary Authority, Bank Negara Malaysia and Monetary Authority of Singapore set up group to work on deposit-insurance exit strategy.
Lithuania’s Sarkinas gloomy on banking outlook
Central bank governor believes banking industry’s pain will intensify
BoJ policymakers consider exit from credit easing
Bank of Japan rate-setter says central bank should consider ways to terminate unconventional measures
EU needs harmonised definition for regulatory capital
Kern Alexander from Cambridge University’s Judge Business School calls for increased supervisory consolidation across the European Union
External consumption habits impact monetary policy
European Central Bank considers implications of consumption on monetary policy
Low oil prices reduce future supply
Bank of Canada says the dramatic reduction in global demand and the decline in the spot price of crude oil may have significant implications for the future supply of oil
Mexico clamps down on bank charges
Bank of Mexico steps up consumer protection with measures promote transparency and competition
Bernanke details Fed exit strategy
Reserve balances key, but Fed chairman fears political interest in fund recipients
Goodyear and Temasek part, strategy differences blamed
Temasek says Chip Goodyear will not be taking over as the new CEO
Korean sovereign fund eyes stock switch
Portfolio at Korean Investment Corporation will be half equities
UK public borrowing soars to June high
Public-sector borrowing soars to £13 billion from £7.5 billion in June 2008 on back of financial rescue
New York Fed appoints new executive vice president
Susan Ward Mink to head human resources department
The Tories’ plan for sound banking
Robert Pringle, David Mayes and Michael Taylor, the editors of Central Banking’s Towards a New Framework for Financial Stability, give their reaction to Conservative plans to rebuild UK regulation
Canada’s Jenkins wants more skin in the securitisation game
Bank of Canada’s Paul Jenkins on how to achieve sustainable securitisation