Central Banking
More payment systems caused cheque decline
The decline in cheque use occurred mainly via an increase in the number of payment instruments per consumer, a new paper from the Boston Federal Reserve reveals.
IFI programmes unsuitable
The model used by international financial institutions and donors in providing support for budgetary improvement programs is inappropriate and has limited effectiveness, research from the International Monetary Fund posits.
Boediono named as running mate, set to resign
Reports emerged on Friday that Boediono, the governor of Bank Indonesia, was tendering his resignation after he was named as the president's choice for running mate.
Temasek sells Bank of America shares
Temasek, one of Singapore's sovereign wealth funds, has sold its stake in Bank of America in a bid to reduce its considerable exposure to western banking stocks.
BoE outlines objectives for liquidity rules
Nigel Jenkinson, an adviser to the governor of the Bank of England and a member of the Financial Stability Board, on Friday detailed five objectives for a new framework on liquidity risk.
Egypt narrows rate corridor with cuts
The Central Bank of Egypt narrowed its rate corridor and loosened monetary policy in a bid to foster credit growth.
UAE looks to combat money laundering
A committee led by the head of the Central Bank of the United Arab Emirates (UAE) has announced measures aimed at cracking down on money laundering and terrorist financing.
Stanford's Taylor warns of balance-sheet threat
John Taylor, a former Federal Reserve economist now a professor at Stanford, has told lawmakers that the expansion of the Fed's balance sheet risks exacerbating inflation.
Global factors in the Great Moderation
Research from the Bank for International Settlements claims that relative price adjustments taking place in the global economy are important sources of the lower rates of inflation which have been observed in recent decades.
An interpretation of the rise of inflation
A research paper from the National Bureau of Economic Research interprets the rise of inflation in the United States from the perspective of a simple macroeconomic framework.
Changing patterns of wealth and income in the US
The Federal Reserve has produced a paper examining the distribution of wealth and income and their joint properties, based on data from the 1989-2007 Surveys of Consumer Finance.
Yam to join PBOC?
Joseph Yam, the chief executive of the Hong Kong Monetary Authority (HKMA), will join the People's Bank of China in the autumn, a local magazine has reported.
Obama administration unveils derivatives overhaul
The United States on Wednesday proposed a series of radical reforms to the derivatives industry.
Ex-FDIC's Seidman dies
Bill Seidman, the chairman of the Federal Deposit Insurance Corporation (FDIC) who presided over the savings and loan crisis, has died.
Norwegian payments system passed crisis test
Norges Bank's payments system successfully handled the challenges posed by the financial crisis, the central bank said on Thursday.
Latvia cuts to 4%
The Bank of Latvia cut its key rate by a full percentage point on Thursday in a bid to limit the scale of its economic contraction.
Riskbank's Ingves on why the crisis happened
Stefan Ingves, the governor of the Riksbank, has explained why the global crisis occurred.
The rule of law reduces terrorism
Research from the St. Louis Federal Reserve finds that countries with authoritarian regimes or mature democratic systems experience less terrorism.
Fiscal-policy models are flimsy
A paper by four academics from universities and institutions in the US and Europe including Stanford's John Taylor notes that renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy, but cautions that these…
Bank Indonesia - Annual Report 2008
In Indonesia, the fallout from the global financial crisis began to take hold towards the end of 2008, the latest Annual Report from the country's central bank states.
Spain's Ordoez analyses pro-cyclicality
Miguel Fernandez Ordoez, the governor of the Bank of Spain, gave an outline of the effects of pro-cyclicality in the banking system, summarising first the guidance offered by Basel II to mitigate its effects.
Chile can mitigate the effect of the global crisis
Recent research by Jose De Gregorio, the governor of the Central Bank of Chile, maintains that although Chile can naturally not escape the effects of the global crisis, it is in a good position to mitigate them.
The three epochs of oil
Research by two prominent economists using the longest oil-price series available has uncovered significant trends in the price of crude.
Central Bank of Kuwait - Annual Report 2007-08
The Central Bank of Kuwait continued its efforts during the fiscal year 2007-08 to control domestic liquidity growth rates by taking various measures to manage the noticeable rise in credit facilities available in the country.