Central Banking
Sweden's Nyberg on EU crisis coordination
Voluntary agreements for crisis management in the European Union have not proved helpful, said Lars Nyberg, a deputy governor of the Riksbank.
Study of EU bank acquisitions
A new paper from the Bank of Spain analyses bank acquisitions both within and across the EU25 countries betwenn 1997 and 2004.
Remittances suffer in the wake of turmoil
Remittance flows to developing countries slowed in the third quarter of 2008 and are expected to slow further in 2009 due to the global financial crisis, a new report from the World Bank finds.
Russia's Ignatiev signals loosening of rouble peg
The head of Russia's central bank on Monday indicated Moscow could loosen its grip on its exchange rate regime.
Carmaker to borrow from ECB
Volkswagen, a German carmaker, plans to tap the European Central Bank (ECB) for a €2.3 billion ($2.9 billion) loan in December.
RBI may need to cut again: former governor
Bimal Jalan, a former governor of the Reserve Bank of India, has said the institution could have to cut rates again so that banks can lower borrowing costs to a level businesses and the public can afford.
Top economists have their say on G20 summit
A group of 21 of the world's most prominent economists have called on officials from the G20 countries meeting in Washington this weekend to start thinking outside the box about longer-term reforms.
People's Bank pledges Rmb100 billion by year-end
The People's Bank of China will loan banks Rmb100 billion ($14.6 billion) by the end of December as part of Beijing's efforts to stave off a slowdown in growth.
US inflation not persistent
A new paper from the Bank of Mexico finds that in the post-second world war period United States inflation has not proven persistent.
Central Bank of Seychelles - Annual Report 2007
The Seychellian economy grew by about 7.3% in real terms in 2007, the country's central bank notes in its latest Annual Report.
Thailand's Nijathaworn calls for regulatory unity
Bandid Nijathaworn, a deputy governor at the Bank of Thailand, has called for domestic and international harmonisation of financial regulation in order to avoid the harmful arbitrage associated with the current turmoil.
Sri Lanka's Cabraal on limiting terrorist funding
We need to be a step ahead and work together to counter the financing of terrorist activities, said Ajith Nivard Cabraal, the governor of the Central Bank of Sri Lanka.
ECB's Bini Smaghi: Europe must liberalise
Lorenzo Bini Smaghi, a member of the European Central Bank's executive board, has claimed that rigid European labour and product markets hamper the ability of economic policies to foster growth.
Israel's Banking System - Annual Survey 2007
In 2007, the net income of Israel's five major banking groups rose, despite losses on asset-backed securities, and capital-adequacy ratios reached a record-high of 11% by the end of the year, the Bank of Israel's annual survey of its domestic banking…
Great Depression was different - St Louis Fed
Policymakers must remember that circumstances very different to those that led to the Great Depression had triggered the current crisis, research from the St Louis Federal Reserve states.
Spain's Ordonez - monetary policy to blame
Miguel Fernandez Ordonez, the governor of the Bank of Spain, has blamed central banks' reluctance to raise rates in the wake of the dotcom crash as the principal cause of the current crisis.
Bloomberg sues Fed
Bloomberg, a news agency, filed a lawsuit against the Federal Reserve on Friday, alleging that the central bank had refused to disclose public information.
Regulator slams calls for IMF supervisory role
A senior European regulator has launched a scathing attack on politicians' calls for the International Monetary Fund (IMF) to take a leading role in supervising the global economy.
Washington restructures loan to save battered AIG
The Treasury is to take a $40 billion stake in American International Group (AIG), once the biggest insurance company in the world, as part of a restructuring of the firm's $122.8 billion Federal Reserve loan.
DSK calls on G20 to bolster IMF coffers
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), has urged G20 leaders to discuss ways to boost the Fund's resources at this weekend's summit.
Global banks want greater role for FSF
An enhanced Financial Stability Forum (FSF) should regulate the most important financial institutions, the global banking industry has said.
Integration and openness vital: Italy's Draghi
Confronting the challenges posed by the current crisis requires greater integration and market openness, said Mario Draghi, the governor of the Bank of Italy.
Eurozone banks clamp down on gloomy outlook
Eurozone banks are applying ever more-stringent conditions on the region's borrowers on fears of a worsening of economic activity.
SNB and Poland arrange currency swap
The Swiss National Bank and the National Bank of Poland on Friday agreed a currency swap facility to compensate for a lack of Swiss franc liquidity.