Central Banking
Canada backs IMF as global regulator
Jim Flaherty, the Canadian finance minister, said that, rather than a new watchdog, the International Monetary Fund (IMF) should oversee international bank regulation.
Chile slashes rates to 4.75%
The Central Bank of Chile confounded market expectations by reducing the cost of borrowing by a full two-and-half- percentage points on Thursday.
Fisher gets markets job
Paul Fisher has been appointed as the new executive director for markets of the Bank of England. Fisher will start in his role on 1 March and will also sit on the monetary policy committee (MPC).
Egypt sees first cut for nearly three years
The Central Bank of Egypt cut interest rates for the first time since April 2006 on Thursday.
Payments systems and the crisis
Ron Berndsen, who heads the payments oversight department at the Dutch central bank, assesses the impact of the crisis on the financial "plumbing".
Crisis timeline by the St Louis Fed
The Federal Reserve Bank of St Louis has created a website that documents the major events in the global financial crisis that started in 2007.
Riksbank explains sharp adjustment
With this note, the Swedish central bank explains why its recent interest rate cuts have taken rates lower than the level contained in its December forecast.
Sequential bargaining in a New-Keynesian model
This working paper by the European Central Bank considers a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period.
Joint statement on the crisis
The World Bank, the International Monetary Fund and the Organisation for Economic Co-operation and Development have issued a joint statement calling for policy action on four areas of the global economic crisis.
Fed to undergo "thorough review" of communication
Don Kohn, the vice-chairman of the Federal Reserve, will lead a committee to look at how much the central bank releases about its lending policies.
Carney sees "muted" 3.8% recovery in 2010
In testimony before parliament earlier this week, Mark Carney, the governor of the Bank of Canada, described the Bank's expectation of a 3.8% recovery in real GDP growth in 2010 as "muted".
Sri Lanka lowers rates as inflation falls
Sri Lanka's policymaking Monetary Board cut rates at its regular monthly meeting this week as figures showed inflation had moved into a rapid decline.
World Bank finds extra board seat for Africa
Sub-Saharan Africa will gain a seat at the Executive Board of the World Bank and developing countries voting power in the bank will be raised to 44% as part of governance reforms approved by the Bank's governing board.
Korea cuts again
The Bank of Korea has slashed interest rates for the sixth time in four months, bringing the cost of borrowing to a record low of 2% and suggesting that further cuts could be in store.
"Leaning against the wind" to rise - Stevens
Glenn Stevens, the governor of the Reserve Bank of Australia, expects the view that monetary policy should "lean against the wind" when asset prices are rising will gain in followers in the aftermath of the current market turmoil.
Finding equilibrium in complex markets
This IMF Working Paper provides a brief overview of the implications of computational complexity for economic modelling.
Kamezaki on the causes of the crisis
Hidetoshi Kamezaki, a member of the Bank of Japan's board, said economies and financial markets are constantly changing due to the expansion of the market economy and globalisation.
Mexico's Ortiz: crisis demanded FX strategy shift
The Bank of Mexico had to directly intervene in foreign-exchange markets for the first time for more than a decade earlier this month because of the severity of the impact of the crisis on currency trading, Guillermo Ortiz, the governor of the Bank of…
City regulator resigns after furore
Sir James Crosby has resigned as deputy chairman of the Financial Services Authority (FSA) in Britain, following allegations that he sacked a senior risk manager at HBOS, a bank Crosby headed, who raised concerns over the risk exposure of the bank.
King presents gloomy outlook
The Bank of England has revised its forecast for growth in the British down sharply and says the recovery will depend "to a significant extent on developments in the rest of the world where a severe economic downturn has taken hold."
Zim's Gono turns on rand anchor
The governor of the Reserve Bank of Zimbabwe, Gideon Gono, has been quoted as welcoming the idea of pegging the country currency to South Africa's rand.
Reactions to Tarp 2
Initial reaction on the new financial industry bailout plans announced on Tuesday, suggest that investors and observers are underwhelmed by the lack of details available at this stage and fear that the measures will continue to fall short of the…
NY Fed's Dudley: the Tips are good
The benefits of the treasury inflation protected securities (Tips) programme exceed its costs, said William Dudley, the president of the Federal Reserve of New York.
Swiss's Hildebrand - bring on tough regulation
The Swiss National Bank would give unconditional support to more stringent regulation, said Philipp Hildebrand, the vice-chairman of the central bank.