Speech
The euro and Latin America
Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank, offered five lessons that can be learned from economic and monetary union in a recent speech in Brazil.
Sri Lanka's Cabraal on emerging-market growth
Recent trends show that the world economy is no longer overwhelmingly reliant on the advanced economies, noted Ajith Nivard Cabraal, the governor of the Central Bank of Sri Lanka, in a speech at a recent conference in Karachi.
Czech capital markets: growth and regulation
This presentation from Vladimir Tomsik, a board member of the Czech National Bank, sets out how the Czech capital markets have grown and how the regulatory environment has changed over the last 20 years.
Mauritius' Bheenick on bond-market growth
The Bank of Mauritius is considering a proposal from the World Bank for the government to allow them to issue Mauritian-rupee denominated or linked bonds, explained Rundheersing Bheenick, the governor of the central bank, at a workshop on local currency…
Latin America to escape worst of subprime hit
Latin America is likely to emerge from the current bout of global market turmoil relatively unscathed, said Anoop Singh, the director of the Western Hemisphere Department at the International Monetary Fund.
Yilmaz on the causes of Turkey's economic rise
The strong performance of the Turkish economy over the past six years can be attributed to the country's ambitious structural reform agenda, stated Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey.
Turmoil set to impact Swiss exporters: SNB's Roth
The financial market turbulence is unlikely to leave Switzerland unscathed, said Jean-Pierre Roth, the chairman of the governing board of the Swiss National Bank.
IMF's Lipsky backs countercyclical fiscal policy
Countercyclical fiscal policies may have to be used alongside monetary policy in order to combat the impact of the expected global slowdown, John Lipsky, the first deputy managing director of the International Monetary Fund, said.
Policy's role grows amid tensions: Canada's Carney
At a time of great uncertainty, it is more important than ever that monetary policy acts as stabilising force, said Mark Carney, the governor of the Bank of Canada.
Central bankers responsible for lower inflation
Monetary policy credibility accounts for why inflation appears generally to have become less persistent, said Janet Yellen, the president of the San Francisco Federal Reserve.
Argentina's Redrado on lessons from hyperinflation
Lower inflation is the consequence of more responsible fiscal, monetary and wage policies, which might be a result of more awareness of the costs of rampant price growth, stated Martin Redrado, the governor of the Central Bank of Argentina.
Thailand's Nijathaworn on the current turmoil
The unwinding of global imbalances, triggered by corrections in the US housing market that began in 2006, has caused the current global financial turbulence, said Bandid Nijathaworn, a deputy governor of the Bank of Thailand.
Good times are over, says France's Noyer
Christian Noyer, the governor of the Bank of France, has warned that globalisation's impact on inflation will no longer be a positive one.
Sound risk management essential: Fed's Kroszner
The current financial market turbulence underscores the importance of getting the fundamentals of sound risk management right and being ever vigilant about their consistent application, execution, and improvement in light of new data and experiences,…
Price stability is best aim for policy
Low and stable inflation remains the best contribution monetary policy can make to growth and macroeconomic stability, said Svein Gjedrem, the governor of the Bank of Norway.
Fed's Hoenig notes monetary policy's limits
Thomas Hoenig, the president of the Kansas City Federal Reserve, said he has been struck by the heavy burden placed on monetary policy to cope with the current crisis and its potential spillover effects.
IMF's Portugal on liquidity provision
Central banks should continue to provide liquidity as needed to assure the smooth functioning of markets, said Murilo Portugal, a deputy managing director of the International Monetary Fund (IMF).
Inflation expectations up: Fed's Geithner
Timothy Geithner, the president of the New York Federal Reserve, has acknowledged that inflation expectations have risen in the US.
Inflation fall driven by policy not globalisation
Globalisation is not the main factor in dampening inflationary pressures, as commonly suggested, argued Axel Weber, the president of the Bundesbank.
Kohn on Fed's recent regulatory initiatives
The Fed and other banking agencies have encouraged mortgage lenders to pursue prudent loan workouts in order to help struggling homeowners, said Donald Kohn, the vice chairman of the central bank.
Fed's Mishkin on economic outlook
Frederic Mishkin, a governor of the Federal Reserve, expects a period of economic weakness in the near term that should be offset in future quarters by the monetary easing already in place and the fiscal stimulus package.
Liquidity cooperation essential: Japan's Fukui
Given the increase in the volume and complexity of cross-border flows of funds, coordination among central banks in liquidity provision is essential, said Toshihiko Fukui, the governor of the Bank of Japan.
RBA's Debelle on bond market
Australian banks, having sound balance sheets, have been able to maintain their pre-crisis pace of bond issuance and have continued to directly access wholesale funding throughout the recent period of turmoil, said Guy Debelle, an assistant governor at…
BIS's Wellink outlines Basel II amendments
The Basel Committee will review the capital charges for collateralised debt obligations (CDOs) set out in the Basel II framework, said Nout Wellink, the president of the Netherlands Bank and chairman of the committee.