Central Banking
Boston Fed's Connolly on getting graduates to stay
Paul Connolly, the first vice president of the Boston Federal Reserve, has said that firms must do more to entice graduates to stay on in the area after their studies end.
A new method for evaluating risk aversion
Researchers from the European Central Bank have uncovered a new method of extracting time-varying risk aversion from asset prices.
Euro adoption sparked some structural reforms
The adoption of the euro accelerated the pace of structural reforms in the product market, a research paper from the National Bureau of Economic Research (NBER) posits.
Bank of Finland - Annual Report 2008
The financial crisis has placed every aspect of the Bank of Finland's operational capacity under pressure, notes the central bank's latest Annual Report.
Sack succeeds Dudley as NY Fed markets chief
Brian Sack, now a vice-president at Macroeconomic Advisers, a firm of economic forecasters, will replace William Dudley as head of the New York Federal Reserve's markets group.
British regulator denies whistleblower claims
The Financial Services Authority (FSA), the United Kingdom's financial regulator, has parried allegations made by a former employee that it had allowed building societies to become involved in areas of finance that they knew little about.
Inflation targeting not enough: BoE's Barker
Kate Barker, a member of the Bank of England's Monetary Policy Committee (MPC) has acknowledged that inflation targeting alone cannot produce economic stability.
Former Kansas Fed chief dies
Roger Guffey, the head of the Kansas City Federal Reserve from 1976 until 1991, has died.
More easing needed in New Zealand: OECD
The Reserve Bank of New Zealand should cut its policy rate by a further percentage point to 2% in order to stimulate the domestic economy, said the Organisation for Economic Cooperation and Development (OECD) on Thursday. The views contrast with those…
Czechs criticise De Larosiere report
The De Larosiere report fails to take account of the need for one regulator to cover supervision of all sectors of the financial market, says a position statement from the Czech National Bank.
India wants to attract overseas bankers
Highly-skilled people from abroad are now available at a reasonable cost in view of employment cuts abroad and may propel India towards high-speed growth in all the sectors, said Shyamala Gopinath, the deputy governor of the Reserve Bank of India.
Buba's Weber against new European authorities
The Bundesbank is strongly against the De Larosiere report's proposition to create new European authorities out of the three Lamfalussy committees, said Axel Weber, the president of the central bank.
Risk management to include parameter uncertainty
Risk-management systems should account for parameter uncertainty, a new paper from the Bank for International Settlements posits.
IMF sees severe recession, slow recovery ahead
The International Monetary Fund (IMF) has predicted the world is in for a long and severe recession, though the global policy response could help spur a recovery.
China not manipulating renminbi: US Treasury
Beijing has avoided a devaluation of the renminbi in recent months, the United States Treasury acknowledged on Wednesday, though it still believes the currency to be undervalued.
Beige Book points to slowing downturn
The Federal Reserve's Beige Book, a survey of economic conditions compiled by the 12 regional Feds, has provided further evidence that the rate at which the United States economy is shrinking is falling.
Bosnia eases reserve requirements
The Central Bank of Bosnia and Herzegovina on Thursday moved to relax its monetary stance in a bid to encourage banks to lend more.
G20 working group: development banks must lend now
Multilateral development banks and other international financial institutions should step up their counter-cyclical efforts to offset capital flight from emerging markets, says a report from a working group prepared for the G20 London summit.
De Grauwe labels Maastricht rules political tools
The Maastricht criteria for euro adoption are political instruments, not economically-vital measures, a respected economist has said.
Fiji sacks Narube and devalues dollar
The Reserve Bank of Fiji devalued the Fiji dollar by 20% on Wednesday hours after Savenaca Narube, the governor, was removed from the central bank by government officials.
Tokyo seeks meeting with Shirakawa on economy woe
A senior Japanese politician has called for a meeting with Masaaki Shirakawa, the governor of Bank of Japan, apparently to ask the central bank to do more to abate the economic downturn.
Fed planning communication enhancements: reports
The Federal Reserve looks set to bow to political pressure and disclose more details of its various attempts to tackle the crisis, which have led to the central bank's balance sheet more than doubling in size.
US working on stress-test disclosure: report
Washington is working on proposals to disclose the results of its stress tests on the 19 biggest American banks, say reports.
Bernanke sees shoots of recovery
There are tentative signs that the sharp decline in economic activity may be slowing, said Ben Bernanke, the chairman of the Federal Reserve.