Balance sheet
Yilmaz confident Turkey can keep up with other emerging markets
Central Bank of Turkey governor Durmas Yilmaz says country’s lack of toxic assets has paid off during the recovery
Official-sector balance sheets after the crisis
In the third of Central Banking’s web seminar series, Daniel Gros, Ken Wattret and Tim Young discussed how official sector balance sheets have changed, the new challenges policymakers face and how to overcome them
RBA: Lowe revises Australian economy recovery upward
Reserve Bank of Australia assistant governor Philip Lowe links renewed growth in Australia to improved terms of trade
Finnish housing rebound larger than neighbours'
Finnish central bank report shows housing market was boosted by low interest rates but remains well below its pre-crisis peak
SF Fed's Yellen says low rates appropriate
San Francisco Federal Reserve president says Fed can rely on interest on reserves to keep balance sheet large
Bank of Finland – Annual Report 2009
Figures for 2009 show profits up by 5%
Lacker: Fed needs to offload risky assets first
Richmond Fed President tells audience MBS sales would reduce distortions in asset prices.
Sarb: prime rate to repo rate spread immaterial
South African Reserve Bank paper finds the spread between its repo rate and the prime rate has no real implications for policy
Canadian balance sheet shrinks as liquidity programs expire
Bank of Canada reports a C$7.2 billion balance sheet contraction in 2009 as rebound in global economy reduces demand for central bank funds
IMF: credit markets key to economic recovery
IMF study shows that a healthy financial sector is essential to a speedy recovery in the economy
Boston Fed measures effect of equity extraction on consumption
Boston Fed research shows equity extraction as significant driving force for consumption during US housing boom
The Bank’s balance sheet during the crisis
Bank of England’s markets chief sets out how size and composition of balance sheet has changed
An improved model for predicting direct investment equity income
Paper from the Danish central bank finds that combining past profitability and change in expected consumption growth provides a better forecast
Balance sheet policy and money market liquidity: SARB paper
South African Reserve Bank paper says balance sheet policy must be thought of in the same way that interest rates are regarded
Unconventional monetary policy reviewed
Claudio Borio and Piti Disyatat set out a framework of definitions to help categorise and clarify the functions of various monetary policy tools, and assess central banks’ actions since the crisis
Unconventional policy affects both sides of balance sheets
Bank of Japan looks at the size and composition of its balance sheet during its quantitative-easing period
Accounting overstates banks’ health: IMF paper
International Monetary Fund research finds banks not as healthy as their balance sheets suggest
Bank balances set to stay above pre-crisis levels: Fisher
Bank of England’s markets chief says firms likely to hold higher reserve balances at central bank
Exit easy for India: Mohanty
Reserve Bank of India’s Deepak Mohanty says the central bank should not be troubled by exit from monetary easing
Woodford unveils new model for transmission mechanism
New York Federal Reserve paper co-authored by Michael Woodford introduces a new model for monetary policy which considers the effects of unconventional policy
IMF's Lipsky: expansionary fiscal policy still key
Fiscal policy in advanced and many emerging-market economies should remain expansionary at least through 2010, said John Lipsky, the first deputy managing director of the International Monetary Fund.
NY Fed's Dudley plays down balance-sheet fears
William Dudley, the president of the New York Federal Reserve, has attempted to soothe fears that the expansion of the Fed's balance sheet could stoke inflation.
Fed's governance structure should be revisited
The conventional model of central bank independence may need to be revisited given the unprecedented expansion of the Federal Reserve's balance sheet, new research from the International Monetary Fund notes.
Stanford's Taylor warns of balance-sheet threat
John Taylor, a former Federal Reserve economist now a professor at Stanford, has told lawmakers that the expansion of the Fed's balance sheet risks exacerbating inflation.