Central Banking
King cautious on recovery
Bank of England’s Mervyn King warns return to trend growth will be slow and protracted, much to be done on regulation
Fed names new regional chairs
Washington-based board announces heads of twelve Federal Reserve banks for 2010
Libor spread sinks to pre-crisis levels
Libor-OIS spread for three-month dollar loans retreats to its summer 2007 level as confidence continues to grow
Iceland names new chief economist
Thórarinn Pétursson to head economics division at the Central Bank of Iceland
Bahrain trims rates
Central Bank of Bahrain cuts rates for first time since December, offers month-long dollar loans
Peru’s Velarde backs V-shaped recovery
Central Bank of Peru President confident on quick recovery for emerging economies
Obstfeld on global monetary reform
Berkeley economist says International Monetary Fund may be right organisation to act as a global lender of last resort
How competition influences bank failures
Bank of Finland uses evidence from Russia to investigate link between competition and failure
Monetary policy and the Jordanian central bank
Research charts the impact of central bank independence on policy
No, the markets are not in state of hysteria about US inflation
Brendan Brown, the chief economist at Mitsubishi UFJ, asks if fears of prices exploding in the US are as irrational as some suggest
Fed governor pans accounting developments
Federal Reserve’s Elizabeth Duke says both FASB’s and IASB’s new approaches raise “number of concerns”
Palestine launches hybrid payments system
Palestine Monetary Authority’s new interbank payments system described as development towards statehood
Bank’s Haldane stresses limits of regulation
Rules alone will not be enough to restore trust and spur a full recovery says Bank of England’s executive director for financial stability
Foreign lenders pledge support to Latvia
Four biggest foreign-owned banks in Baltic state agree to prop up branches and subsidiaries
Russia cuts for sixth time in five months
Bank of Russia lowers policy rate by 25 basis points in fresh effort to stimulate bank lending
European Central Bank - Monthly Bulletin September
European Central Bank’s Monthly Bulletin notes money and credit expansion continues to decelerate
Reducing regulatory arbitrage key challenge: RBI’s Thorat
Reserve Bank of India’s Usha Thorat says regulators must focus on minimising international regulatory arbitrage
Uribe: restricted FX exposure helped Colombia
Central Bank of Colombia’s José Dario Uribe says the limited exposure of the country’s corporate sector to currency risk sheltered it from Lehman’s collapse
Central bankers must understand financial engineering
Harvard Business School’s Robert Merton says senior management and regulators need a good knowledge of financial engineering
Fed economist says 2% too low for inflation
San Francisco Federal Reserve’s John Williams says 2% inflation “insufficiently high” to protect economy
Beige Book cautiously positive
Federal Reserve’s Beige Book suggests economic activity continued to stabilise
Riksbank's Svensson calls for better forecasting
Riksbank’s Lars Svensson reviews the development of the Riksbank’s transparency and communication since its independence in 1999
Goodhart says regulatory outlook unclear
London School of Economics’s Charles Goodhart says the process of reaching international agreement has become more difficult
Financial stability must come second to inflation: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi says exit strategy must focus on price stability