Central Banking
Global monetary reform our biggest challenge: King
Reform of the international monetary system is the biggest challenge facing the world today, Mervyn King, the governor of the Bank of England, said on Wednesday.
Economy healing, but Bank warns on recovery's pace
The world economy is no longer on the brink of collapse but the upswing may be more protracted than during previous post-war recessions, the Bank of England said on Wednesday.
Statistics hole plugged with securities guide
In response to calls from officials from around the globe, a comprehensive data set for international securities markets has been compiled by statisticians at the Bank for International Settlements (BIS), the European Central Bank (ECB) and the…
Devos to become BIS general counsel
Diego Devos will succeed Daniel Lefort as the Bank for International Settlements' (BIS) general counsel later this year.
Russia cuts for second time in a month
The Central Bank of Russia chopped a half point off its key rate on Wednesday, little more than a fortnight after its last cut.
Solve dollar riddle with price-adjusted swaps
Countries caught in a dollar trap should demand that the United States swaps nominal treasury bills for inflation-adjusted instruments, two prominent economists have argued.
Ex-BoE deputy heralds decline of independent era
The collective failure of monetary authorities and governments to avert the current crisis will negate central banks' independence, Sir John Gieve, a former deputy governor at the Bank of England has said.
Indonesia's Boediono to enter politics?
Boediono, the governor of Bank Indonesia, may be named as the running mate for the country's president, it was reported on Tuesday.
Serbia and Montenegro to set up study swap
The central banks of Serbia and Montenegro have opted to share staff training.
Basel Committee advises on cover payments
The Basel Committee on Banking Supervision on Tuesday issued its final guidelines on cover payment messages related to cross-border wire transfers, which can be used for money laundering and terrorist financing.
Learning from previous financial crises
Research by Kenneth Rogoff and Carmen Reinhart finds that financial crises in rich countries have much in common with those in emerging markets.
The effects of the crisis on Norway's SWF
Norway's sovereign wealth fund, the Norwegian Pension Fund, has been hard hit by the crisis, said Jan Qvigstad, the deputy governor of Norges Bank.
Sveriges Riksbank - Annual Report 2008
The Riksbank's net income in 2008 amounted to SKr11.2 billion ($1.42 billion), an increase of SKr 7.1 billion compared with 2007.
BoJ rate minutes: 7 April decision unanimous
Minutes of the 7 April monetary-policy meeting at the Bank of Japan, published on 8 May, show that the council unanimously supported the decision to leave the target rate at 0.1%.
CNB's Tuma calls for cross-border supervision
Zdenek Tuma discusses the future of financial regulation and the prospects for joining the euro
Fed's Lacker blames safety net for crisis
A senior Federal Reserve official has said that the implicit guarantee that the government would step in and save those institutions deemed too big to fail was a key cause of the current economic malaise.
LatAm leaders pledge $7bn to Bank of the South
Leaders from seven of Latin America's biggest economies have agreed to provide $7 billion as start-up capital to the Bank of the South, a proposed regional counterweight to the Washington-based Bretton Woods institutions.
NY Fed's Dudley to fill Geithner's boots at CPSS
William Dudley, the president of the New York Federal Reserve who took over from Tim Geithner earlier this year, will also replace his former boss as chairman of the Committee on Payment and Settlement Systems.
US experience so similar to ours: Japan deputy
The current situation in the United States bears a "remarkable resemblance" to Japan's lost decade, Kiyohiko Nishimura, a deputy governor at the Bank of Japan, has said.
India ex-finance minister calls for "massive" cuts
A former Indian finance minister has called on the Reserve Bank of India to cut rates drastically in order to buoy the country's flagging economy.
US payments systems still evolving
Research by the Kansas City Federal Reserve looks back at some early payments systems and examines their status today and where they may be heading.
Thailand's Bandid stresses importance of Pillar II
Work by the Bank of Thailand on the implementation of Pillar II of Basel II is continuing, said Bandid Nijathaworn, the deputy governor of the central bank.
Steady progress of Islamic Banking in Mauritius
Mauritius is consolidating its first steps in Islamic finance, aiming to position the country as a jurisdiction of choice for world-class Islamic financial services, said Rundheersing Bheenik, the governor of the central bank.
Central Bank of Liberia - Annual Report 2008
Against the background of the global financial crisis, the Liberian economy continued its steady pace of recovery, expanding by an estimated 7.1% in 2008.