Central Banking
US main target for petrodollar recycling
The United States continue to be the main recipient of oil-related financial funds from Gulf countries, according to a new research from the European Central Bank.
Enforcement, collateralised debt and the economy
Collateralised debt has been shown to impact business cycle fluctuations, but to what extent is this affected by the efficiency of debt enforcement? A new paper from the Bank of Canada investigates.
Two regional Feds pushed for discount rate rise
Directors of two regional Federal Reserves called for a quarter-point increase to the discount rate last month, it emerged Tuesday.
EU imposes sanctions on Zimbabwe
Gideon Gono, the governor of the Reserve Bank of Zimbabwe is barred from the European Union (EU).
SWF report from State Street
The latest report from State Street Corporation, a provider of financial services to institutional investors, assesses the impact of sovereign wealth funds (SWFs) on the global economy. Currently State Street estimates that SWFs have about $3 trillion in…
Dollar depreciation reflects value: IMF's Lipsky
The dollar is now the closest to its medium-term equilibrium value it has been in a decade and is set to remain the global reserve currency, said John Lipsky, the first deputy managing director of the International Monetary Fund.
BoE MPC split three ways on July vote
The scale of the Bank of England's monetary-policy dilemma was underlined on Wednesday when the minutes of the July rate-setting meeting revealed a three-way split.
Case for covert special liquidity support opaque
Michael Foot, a former executive director for supervision at the Bank of England, weighs up the pros and cons of allowing the Bank of England to lend in secret.
Israel's Fischer praises bank fees reform
A recent reform of bank fees will increase competition and lower the costs for customers, said Stanley Fischer, the governor of the Bank of Israel.
Fed's TAF is effective
The Federal Reserve's Term Auction Facility (TAF) helped ease conditions in money markets, finds a new paper from the Federal Reserve Bank of New York.
Japan faces fragile loan demand
Loan demand from Japanese firms worsened significantly from April to July and reached the lowest level since July 2004, according to the Bank of Japan's quarterly opinion survey of senior loan officials.
Bank of Italy - Annual Report 2007
The Bank of Italy's latest Annual Report spells out the central bank's plans for reorganising its head office, branch network and representative offices.
Inflation in industrial countries "global"
A new paper published by the Chicago Federal Reserve shows that inflation in industrialised countries is largely a global phenomenon.
Solomon Islands - Annual Report 2007
Rick Hou, the governor of the Central Bank of the Solomon Islands, highlighted 11 policy issues and challenges in his remarks on the central bank's latest Annual Report.
Independent central bank vs myopic government
A new paper published by the International Monetary Fund analyses a series of games between a benevolent central bank and a myopic government in a New Keynesian model.
FSA pushes for covert Bank support
The Financial Services Authority (FSA), the UK's financial regulator, has devised a proposal to allow the Bank of England to provide lender-of-last-resort support in secret.
Zimbabwe introduces Z$100 billion note
The Reserve Bank of Zimbabwe on Monday began circulating a Z$100 billion note.
Witnesses say BI official misappropriated funds
Former members of Bank Indonesia's board of governors have said that one of the senior former central bank officials facing graft charges did misuse public funds.
Basel Committee issues revised Basel II rules
The Basel Committee on Banking Supervision has issued proposals aimed at better aligning Basel II's capital requirements with banks' risk profile.
Boston Fed hires stadium for home-loan class
The scale of the problem in US mortgages has been illustrated by the Boston Federal Reserve holding a workshop for struggling homeowners at the stadium of the New England Patriots, an American football team.
Sarkozy challenges ECB's accountability
Nicolas Sarkozy, the president of France, is reported to be preparing proposals designed to increase the European Central Bank's (ECB) accountability.
SNB's Hildebrand backs tough stance on banks
The integrated bank model can be successful even with new and significantly tougher capital and liquidity requirements, said Philip Hildebrand, vice chairman of the Swiss National Bank, in an interview to the Tages-Anzeiger, a Swiss daily.
Ghana raises rates to combat record inflation
The Bank of Ghana raised rates by a full percentage point on Monday as spiralling oil and food prices drove inflation to a three-year high of 18.4%.
Solomon Islands wait on Hou replacement
The delay in appointing a new governor before Rick Houenipwela leaves in August is causing concern at the Central Bank of the Solomon Islands, according to local media reports.