Central Banking
US Treasury ends money market guarantee
The program served its purposes of fomenting stability, and is being retired as the risk of a meltdown has passed, says Treasury secretary Geithner
Shirakawa, Fed’s Yellen and FSA’s Turner join G30
Group of Thirty adds heads of Bank of Japan, San Francisco Federal Reserve and Britain’s Financial Services Authority to its roster
Linking saving ratios and current account balances
Key differences in saving and investment ratios explain current account balances, but experiences still differ by region says an article published by the Reserve Bank of Australia
French banks resilient in crisis but hurdles remain
French banks have weathered the crisis through a diversified model and well-managed risk but many challenges remain, argues research published by the International Monetary Fund
Reasons for renminbi undervaluation disputed
Undervaluation of the renminbi is impenetrable as a result of the lack of clarity in academic literature, argues Bank of Finland paper
Fed’s Yellen guarded on recovery
The biggest threat to price stability is deflation, and there are losses still to come, Janet Yellen, the president of the San Francisco Federal Reserve, warns
Basel proposes home-host fix
Basel Committee on Banking Supervision devises solutions to cross-border bank issue
Aussie dividend highest in history on bumper profit
Reserve Bank of Australia to pay record dividend in its 49-year history after profiting from currency gains
Temasek profits slide
Profits down 66% after bleak year for Singapore’s sovereign wealth fund
Japan says economy "showing signs of recovery"
Monetary policy statement takes a cautiously optimistic outlook in comparison to preceding months
Ireland to spend €77 billion on bad banks
Ireland’s finance minister Brian Lenihan says funds will be split between five institutions
Bank of England survey shows drop in overall satisfaction
Inflation Attitudes Survey also shows gap between public perception and real rates
Belgium and euro area will not face deflation
Policymakers’ swift adoption of expansionary policies will prevent Belgian and Euro area economies from spiralling deep into deflation, argues the National Bank of Belgium
Hong Kong Monetary Authority – Quarterly Bulletin
The Hong Kong Monetary Authority publishes September 2009 issue of its Quarterly Bulletin
Towards a better measure of wealth
Report seeks to highlight the limitations of GDP as a measure of economic and social well-being, particularly problems in its measurement
Barbados’ Williams on financial education
Central Bank of Barbados’ Marion Williams terms education a “central tenet”
Fed’s Hoenig outlines resolution schema for too-big-to-fail
Kansas City Federal Reserve’s Thomas Hoenig and two economists prepare legal process for failure
FSA and SEC to cooperate on hedge-fund rules
Financial Services Authority and Securities and Exchange Commission agree to cooperate on reporting and other regulatory requirements for hedge funds
Fiscal measures must be taken off central banks’ books: IMF
International Monetary Fund’s executive board wants all quasi-fiscal activity to be moved onto government balance sheets
Bernanke optimistic regulatory overhaul will happen
Federal Reserve’s Ben Bernanke “quite confident” that Congress will pass far-reaching financial reforms
Finland names head of transition unit
The Bank of Finland Institute for Economies in Transition gets a new chief
The real effects of financial risk
Research estimates the magnitude of key effects on the real economy from financial sector stress
Yam reflects on roots of crisis
The soon-to-retire head of the Hong Kong Monetary Authority discusses four economic conundrums witnessed during his spell at the helm of the territory’s central bank
Upholding investment fund status quo ‘not an option’
There is much good in the EU Alternative Investment Fund Management Directive. But spirited debate is needed to make improvements says FSA