Speech
ECB’s González-Páramo identifies sources of contagion in euro area
European Central Bank executive board member José Manuel González-Páramo says announcement of Greece referendum was one example of contagion spreading in euro area
RBI’s Subbarao discusses how to promote growth in India
Reserve Bank of India governor Duvvuri Subbarao says country needs to introduce several policies to boost growth and live up to image as regional giant
How to make the most of forecasts: RBA’s Stevens
Reserve Bank of Australia governor Glenn Stevens says an element of judgement must be exercised when interpreting economic forecasts
ECB’s Praet highlights challenges in identifying asset-price bubbles
European Central Bank executive board member Peter Praet says detection of house price booms in advance is extremely difficult
Carney discusses limitations of price-level targeting
Bank of Canada governor Mark Carney says adoption of price-level targets may not be beneficial in periods of turmoil
BoE’s Jenkins attacks banking lobby tactics
Bank of England Financial Policy Committee member Robert Jenkins says lobbyists' attempts to scupper banking reforms are dishonest and potentially damaging
Monetary and financial stability policy are distinct: Riksbank’s Svensson
Riksbank deputy governor Lars Svensson says financial stability policy should not be confused with monetary policy
RBA’s Debelle discusses eligibility criteria for new liquidity scheme
Reserve Bank of Australia assistant governor Guy Debelle says inclusion of self-securitised mortgage-backed securities as eligible collateral in committed liquidity facility will reduce systemic risks
RBI’s Subbarao calls on government to address rising food prices
Reserve Bank of India governor Duvvuri Subbarao says monetary policy response to elevated food inflation is limited and improvements in supply chain management are needed
Monetary policy should be recalibrated: BoE’s Miles
Bank of England’s Monetary Policy Committee external member David Miles says shift in housing market may require changes to the way monetary policy is formulated
SF Fed says mortgage market reforms can aid monetary policy
San Francisco Federal Reserve president John Williams says fiscal policy must work in tandem with monetary policy to stimulate US economy
Debelle questions shift towards secured funding
Reserve Bank of Australia assistant governor Guy Debelle says rise in secured lending is not sustainable for financial markets
Barbados's Worrell calls for new approach to modelling economies
Central Bank of Barbados governor DeLisle Worrell says central banks need to build models that capture the essence of their economies
Ingves says Basel III’s success depends on global application of rules
Basel Committee on Banking Supervision chairman Stefan Ingves says Basel III will only work if implementation of rules is internationally consistent
Insurers and pension funds may retreat from long-term investments, says Praet
European Central Bank executive board member Peter Praet says new regulatory initiatives and low-yield environment is limiting scope for long-term investments
RBI’s Chakrabarty suggests more active role for deposit insurers
Reserve Bank of India deputy governor KC Chakrabarty says more active role for deposit insurance systems will better protect stakeholders
Fed’s Yellen warns authorities of new financial risks
Federal Reserve vice-chair Janet Yellen says authorities must be attentive to risks created by new financial products
Chile’s De Gregorio discusses how to tackle asset-price bubbles
Central Bank of Chile governor José De Gregorio says distortions in asset markets are often best addressed using foreign exchange interventions
Subbarao emphasises need for broader resolution regimes
Reserve Bank of India governor Duvvuri Subbarao calls for resolution regimes to include non-bank financial institutions
Monetary policy and financial stability intrinsically linked: ECB’s Praet
European Central Bank executive board member Peter Praet, says central banks must lean against, rather than clean-up, imbalances under new financial stability paradigm
Bernanke emphasises importance of small business in US recovery
Federal Reserve chairman Ben Bernanke says small businesses play a key role in providing job opportunities and economic recoveries
Fears of widespread contagion are rising: RBA’s Lowe
Reserve Bank of Australia assistant governor Philip Lowe says growing turbulence in global markets due to mounting government debt and weak banking systems
Plosser pushes for adoption of explicit inflation target
Philadelphia Federal Reserve president Charles Plosser calls for Fed to introduce explicit inflation-targeting framework
High unemployment not structural: Boston Fed’s Rosengren
Boston Federal Reserve president Eric Rosengren says high levels of unemployment in US unlikely to be structural