Central Banking
Norwegian SWF mulls emerging-market portfolio
Norway's Government Pension Fund - Global is looking to invest in emerging-market stocks, say media reports.
Euro debt issuance hit by market turmoil
The euro lost ground as a currency of debt issuance in 2007, a result that the European Central Bank said may reflect the continued fallout from the credit crisis.
How to predict global stock returns
Short interest rates and term spreads are fairly robust predictors of stock returns in developed markets, research published by the Federal Reserve finds.
Community banks can thrive: RBA's Stevens
A role still exists for the community banking model, says Glenn Stevens, the governor of the Reserve Bank of Australia.
EBRD - Sustainability Report 2007
The European Bank for Reconstruction and Development's (EBRD) Sustainability Report details the development bank's investments in 29 countries across central Europe and Asia.
EU sets euro exchange rate for Slovakia
The European Commission on Tuesday finalised Slovakia's bid to join Europe's single currency, fixing the koruna's conversion rate at 30.1260 to the euro.
SEC memorandum a short-term fix: Bernanke
The memorandum of understanding (MOU) between the Securities and Exchanges Commission (SEC) and the Federal Reserve, introduced Monday, is only meant to address the short-term issues surrounding the regulation of investment banks, Ben Bernanke, the…
Strengthen central bank, IMF tells Burundi
The International Monetary Fund (IMF) on Monday advised the Burundian authorities to grant the central bank's independence and enhance the institution's internal controls.
Lebanese banks compliant, insists governor
Riad Salame, the governor of the Bank of Lebanon, has countered allegations that the country's financial institutions illegally supported Hezbollah, a militant group.
SARB mints Mandela coin
The South African Reserve Bank has issued a R5 (64) coin to commemorate the 90th birthday of Nelson Mandela, a former president and anti-apartheid campaigner.
HKMA's Pang praises BIS's Asian office
Peter Pang, a deputy chief executive at the Hong Kong Monetary Authority (HKMA), has commended the Bank for International Settlements' (BIS) Representative Office in Asia.
Canadian businesses still strong
Despite the recent slowdown in Canadian growth, there are no indications of widespread weaknesses across the country's firms, the latest edition of the Bank of Canada's Business Outlook Survey finds.
Differences between Fed and ECB overplayed
The divergences between the Fed's dual mandate and the European Central Bank's (ECB) task of maintaining price stability have little impact on policy in the medium- to long-term, notes Ignazio Visco, a deputy director general at the Bank of Italy.
Cleveland Federal Reserve - Annual Report 2007
Policymakers could examine past crises to reveal deeper issues behind recent events, an essay that opens the latest issue of the Cleveland Fed's Annual Report suggests.
Japanese SWF proposed
A panel of the ruling Liberal Democratic Party (LDP) has recommended that Japan should establish a sovereign wealth fund managing 10 trillion ($93 billion) in assets drawn from the country's pension reserves to bolster returns.
Tightening prospects fade in Japan
The prospects for a rate hike in Japan in the near future have become even smaller after a quarterly report by the Bank of Japan indicated that economic conditions have worsened in eight of the country's nine regions since April.
New Olympics banknote for China
The People's Bank of China (PBoC) is issuing a new 10-yuan note to commemorate the Beijing Olympics, which start in August. Local media reports suggested that the note will feature a drawing of the new National Stadium, also called the Bird's Nest -…
Seoul moves to stem won slide
The Bank of Korea and ministry of finance issued a joint statement on Monday declaring their intention to intervene to prevent further falls in the foreign exchange market.
Rising fuel prices spur Israel's rate hike
Concern over rising fuel prices led Stanley Fischer, the governor of the Bank of Israel, to opt for a quarter-point rate rise at last month's meeting of the central bank's monetary policy committee.
Pakistan's plans consolidated supervision
Pakistan's central bank is moving towards a consolidated supervision system, said Shamshad Akhtar, the governor of the State Bank of Pakistan, in a speech detailing a ten-year strategy for the financial sector.
Latvia feels the turmoil
The Latvian economy shows increased signs of a deceleration, said Ilmars Rimsevics, the governor of the Bank of Latvia.
Banco de la Republica, Colombia minutes
The board of directors of the Banco de la Republica Colombia decided unanimously to leave the intervention rate at 9.75%, the minutes of the 20 June meeting show.
Interest rates in inflation-targeting countries
A new paper from the Reserve Bank of Australia examines whether long-term nominal interest rates in inflation-targeting economies are determined abroad.
Sarkozy in SWF U-turn
Nicolas Sarkozy, the French president, is having second thoughts about sovereign wealth funds. So much so that he is even suggesting that France should have one.