Speech
Supervisory colleges to take lead - ECB's Trichet
Colleges of supervisors should become the main supervisory interface for banking groups in Europe, said Jean-Claude Trichet, the president of the European Central Bank.
IMF's Strauss-Kahn: monetary policy limited
When the real economy has stalled looser monetary policy has only a limited effect, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund.
Fed's Kroszner on restoring confidence in MBS
Comprehensive and standardised loan-level data covering the entire pool of loans backing mortgage-backed securities (MBS) was needed so that the underlying credit quality could be analysed more easily, said Randall Kroszner, the governor of the Federal…
ECB's Bini Smaghi on the financial crisis
Blaming the current crisis on the United States might be tempting but would be a mistake, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank (ECB).
Indian governor on reducing global imbalances
If easy, quick and unconditional international liquidity was provided during a crisis, then emerging economies may not need to insure themselves by foreign reserves accumulation, said Duvvuri Subbarao, the governor of the Reserve Bank of India.
Japan's Shirakawa on cross-border collateral
A new framework for central banks' operations where domestic currency is supplied against foreign-currency-denominated collateral should be considered in the near future, said Masaaki Shirakawa, the governor of the Bank of Japan.
Danish governor on forthcoming funds
The National Bank of Denmark will operate a new temporary facility from early next year to supplement Danish banks with financing capital, said Nils Bernstein, the governor of the central bank.
Openness and clarity - Sweden's Rosenberg reflects
Openness and clarity are of central importance to policy effectiveness, said Irma Rosenberg, the first deputy governor of the Riksbank.
RBI's Mohan on inflows and the rupee
Large volumes of private inflows and export earnings have the potential to over-valuate India's currency, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.
T&T's Williams on the crisis
Ewart Williams, the governor of the Central Bank of Trinidad & Tobago, said that while emerging markets have been hit by the crisis, they will be the sole drivers of economic growth in 2009.
Spain's Ordoez hails early warners
Miguel Fernandez Ordoez, the governor of the Bank of Spain, paid tribute to the insights of two economists who warned against the dangers of excessive leverage and argued for counter cyclical capital rules.
Fed's Plosser on crisis measures
Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, discusses the Fed's dramatic departures from textbook central banking during the crisis.
Uganda's finance sector strong - Mutebile
Uganda's financial system is robust, healthy and its exposure to the crisis-related credit is very limited, said Emmanuel Mutebile, the governor of the Bank of Uganda.
Don't forget inflation - Richmond's Lacker
Federal Reserves monetary policy needs to remain consistent and not allow inflation to accelerate over the business cycle, said Jeffrey Lacker, the president of the Richmond Federal Reserve.
Buba's Weber: room for more monetary easing
Euro-area monetary policy has enough leeway for further easing if necessary, said Axel Weber, the president of the Bundesbank.
Turkey's Yilmaz in call for global LoLR
The most important lesson from the current financial turmoil is the need for a global lender of last resort, said Durmus Yilmaz, the governor of the Central Bank of Turkey.
Mexico's Ortiz: incentives must change
A change in the basic system of incentives is needed to foster the expansion of the Mexican economy, said Guillermo Ortiz, the governor of the Bank of Mexico.
Brazil's Meirelles: Bretton Woods needs a rethink
Both the International Monetary Fund (IMF) and the World Bank need to address their legitimacy as part of the policy debate on a Bretton Woods II, said Henrique Meirelles, the governor of the Central Bank of Brazil.
Fed governor on small business credit
Small businesses face difficulties in accessing credit, while at the same time credit demand from small business has declined, said Randall Kroszner, the governor of the Federal Reserve responsible for supervision.
Kenya's Ndung'u on financial-system design
When developing a financial sector it is crucial to avoid the temptations of a one-size-fits-all strategy, said Njuguna Ndung'u, the governor of the Central Bank of Kenya.
Why Canada avoided the worst of the crunch
Canada avoided the worst effects of the turmoil due to conservative lending practices of the country's banks, said Pierre Duguay, a deputy governor of the Bank of Canada.
Euro not the key to stability: CNB's Tomsik
Adopting the euro will do little to enhance macroeconomic stability, said Vladimir Tomsik, a member of the Czech National Bank's rate-setting board.
Icelandic governor on the defensive
David Oddsson, the chairman of the Central Bank of Iceland, has defended the institution's role in the island's economic meltdown, saying that critics had forgotten that banking supervision was transferred out of the central bank to the new Financial…
ECB's Bini Smaghi: don't use the d-word
The term deflation is often misused as a catch-all phrase to describe every kind of negative development, said Lorenzo Bini Smaghi, a member of the European Central Bank's executive board.