Speech
Eurozone crisis countries had to grasp the nettle of reform, says Cœuré
Delaying reforms until countries had emerged from the crisis would have been counterproductive, ECB board member says; effect of zero lower bound has been overstated, too
Sint Maarten and Curaçao monetary union needs 'less political wisdom', more co-ordinated action
Emsley Tromp, president of the countries' shared central bank says monetary policy is helping to shrink persistent current account deficits but argues more co-ordinated action 'imperative'
Liikanen says 'Barnier rule' will allow for international regulatory convergence
Finland governor whose recommendations formed the basis of European bank reform notes that commissioner Barnier's proposals are closer to the 'Volcker rule'
RBI’s Joshi calls for ‘revamped’ bank structures
Deepali Pant Joshi tells Indian banks to enhance their financial inclusion efforts by hiring a ‘separate cadre of staff’ to provide banking services to far-flung rural areas
Risk discrimination 'essential', argues Bank of Spain deputy
Fernando Restoy rebuffs 'excessively simplistic approaches that prevent capital requirements being adapted to each bank's business model'
ECB's Cœuré weighs pros and cons of central clearing
Executive board member touts benefits, including multilateral netting of exposures, but also warns that differences in regulation may lead to regulatory arbitrage and race to the bottom
BoE's Fisher says falling unemployment needn't mean rate rises
Bank of England's monetary policy committee must plot a course between choking off the recovery and allowing inflationary pressures to rise excessively, says head of markets Paul Fisher
BoE's McCafferty says 'lagging' investment recovery ready to start
Worries over a lack in business investment growth are misplaced, according to MPC member Ian McCafferty, who says it is normal for it to lag growth in other sectors
Dombret questions benefit of breaking up banks
Doubts that separation between investment and commercial banking would ensure that lenders can fail 'without disrupting the system'; says 'pure commercial banks' were at centre of crisis
BoE's Broadbent examines UK economic growth conundrum
MPC external member says real wages have fallen due to specific economic 'headwinds', which are now beginning to abate; productivity is also on the rise, he says
Knot backs advanced economies to buck secular stagnation
Netherlands Bank president Klaas Knot says a period of technological change will stop advanced economies from sliding into a new era defined by lower growth rates
Dombret says 'ultra-loose' monetary policy won't fix 'lacklustre' investment
Andreas Dombret says financial and structural reforms are necessary to incentivise private sector investment; banking union will not solve the economic crisis in the eurozone
RBI director discusses management of 2013 capital outflows
High and unstable capital flows can lead to macro and financial stability concerns. But managing capital flows to minimise such concerns has costs too, says Deepak Mohanty
Mersch says ABS could help eurozone back to health
Addressing the Ifo Institute in Munich, ECB executive board member Yves Mersch said asset-backed securities have a bad reputation but a role to play in the European economic recovery
Fisher says Fed must stop QE ‘as soon as feasible'
Exit from quantitative easing is ‘daunting' according to Dallas Fed president Richard Fisher, who compared it yesterday to passing a camel through the eye of a needle
BoJ’s Shirai warns against rush for 2% inflation at all costs
Sayuri Shirai says it ‘may be appropriate’ to take longer than two years to meet the central bank’s inflation target of 2%; stresses the importance of achieving the goal in a ‘stable’ manner
Philippines governor recounts emergency measures after Typhoon Haiyan
Amando Tetangco also says the central bank is well-equipped to deal with financial turbulence in the coming year
MAS' Menon warns Myanmar over ‘big bang' liberalisation
Singapore monetary authority managing director says Myanmar must liberalise its financial sector, but at a measured pace
Bernanke looks back on his time at the top
Fed chairman, who steps down on February 1, offers his take on an array of issues, including the long-term implications of asset purchases, central bank accountability and financial stability reforms
New York Fed's Dudley lists presidential attributes
The president of the New York Fed need not be an economist, says Dudley; they must, however, be open-minded, pragmatic and have a strong research team behind them
Kuroda draws on lessons from Paul Volcker’s Fed tenure
Bank of Japan governor Haruhiko Kuroda points to Paul Volcker’s success in lowering inflation expectations in the United States as proof of central banks' ability to influence markets
RBI's Mohanty reviews policy through crisis years
India's central bank joined its counterparts around the world in using unconventional monetary policy to tackle the financial crisis, and the effects of Fed taper
Farmer says ‘qualitative easing' should be a permanent tool
The ability of a central bank to alter the composition of the assets it holds is a powerful tool in the fight against unemployment and economic stagnation, and should be kept on hand at all times
RBA's Stevens says 2013 ‘not as bad as feared'
Reserve Bank of Australia governor tells parliamentarians there will be turbulence ahead when the Fed starts to ‘taper'; reminds that monetary policy alone cannot kick-start economic growth