Central Banking
Analysing the boom-bust cycle in Spain’s housing market
International Monetary Fund working paper constructs a model to explain the behaviour of housing market cycles in Spain and the European Monetary Union
Kenya, SA hold rates, flag recovery
Central Bank of Kenya and South African Reserve Bank relatively upbeat on growth
Finland names new communications head
Chief dealer to take on the role from next month
Credit measurement in a changing world
Reserve Bank of Australia presents its approach to measuring credit and non-intermediated debt flows
Indonesia’s Rochadi: cooperate to fight fakes
Bank Indonesia’s Budi Rochadi says central banks need to exchange knowledge to keep up with counterfeiters
Move beyond price stability: IMF to central banks
Monetary policy not to blame for crisis but International Monetary Fund argues bubbles possible to predict
GIC cuts Citi stake
Fortunes contrast with those of Temasek, Singapore’s other sovereign fund
British PM says Tobin tax worth a look
Controversial tax mooted by Britain’s head regulator worth consideration, says Gordon Brown, though problems with tax havens must be solved first
Korea to follow Israel’s lead and hike?
Report suggests Bank of Korea considering tightening
Bank’s Sentance: watch the energy market
Bank of England’s Andrew Sentance says next global shock might come from the energy market
SARB investigated stress testing: Mboweni
South African Reserve Bank’s Tito Mboweni says the central bank looked closely on stress-testing methods used by banks and the central bank
Australian funds hedge half their foreign assets
Reserve Bank of Australia investigates the level of currency hedging by domestic managed funds
Borders affect prices
Boston Federal Reserve looks at the role of international borders in segmenting markets
IMF board backs gold sales
International Monetary Fund members agree to sell an eighth of the organisation’s gold
ECB’s Tumpel-Gugerell presents path to better banking
European Central Bank executive board member spells out how banks’ business models need to change
Influential senator wants US supraregulator - report
Senate Banking Committee’s Chris Dodd wants four American supervisors to merge into one, says report
One credit register for Europe: Buba’s Zeitler
Bundesbank’s Franz-Christoph Zeitler says Europe needs a unified credit register
Turkish premier queries central bank’s autonomy
Recep Tayyip Erdogan says he disapproves of Central Bank of Turkey’s autonomy
Not everyone can make it to the top
Boston Federal Reserve finds American families’ economic mobility is decreasing
Czech’s Tuma: links with stats office key
Czech National Bank’s Zdenek Tuma says central banks and national statistical offices must maintain good cooperative relations
Privately-funded social security better
Central Bank of Turkey says fully funded social security provides greater welfare effects
Fed to intervene on pay, UK minister dismisses bankers’ “talent”
Federal Reserve to have authority on compensation, Wall Street Journal reports as British minister says bankers undeserving of high rewards. Moves part of global outcry over bankers’ bonuses
Bonds best way for business funding: Bank data
Bank of England data on lending conditions suggests big business better off raising funds through debt markets than through borrowing
Leaning against the wind not enough: Chile’s De Gregorio
Governor of Central Bank of Chile cites collision between financial and price stability objectives as reason why interest rates cannot be used to burst bubbles