Debt
Student debt becomes a bigger threat to US financial stability
Student debt has surpassed auto loans and credit cards, and now only trails mortgages
Money market revamp would help transmit policy in Iran – IMF
Central bank currently struggles to conduct open-market operations
Risky firms can transmit financial cycle – BIS paper
Authors find smaller, younger firms are more likely to tap into global markets
IMF warns Tunisia over inflation, deficit and currency
Central bank may have to hike rates further, IMF executive board says
Upgraded Moody’s outlook puts Sarb rate cut bank on the menu
Lower inflation and appreciating rand mean central bank could cut rates at meeting next week
Lagarde proposes new European fiscal fund
Mechanism would reduce reliance on monetary policy to respond to future crises
Bank of Uganda warns on debt levels
Debt levels could be closer to 50% of GDP if undisbursed loans are taken into account
Public debt in low-income countries rising to risky levels – IMF
The fund recommends official creditors co-ordinate their response to debt crises
Who is Yi Gang?
Hui Feng says Beijing’s choice for PBoC chief fits into wider liberal cadre across senior financial positions
Venezuela pays off $2.1 million debt to Chile
Country belatedly honours debt, after missing payment in 2017
BoE’s FPC sees risks lurking in global debt markets
Committee highlights “material” global vulnerabilities, particularly in debt markets
Stock imbalances can stabilise or destabilise – BIS paper
Asymmetry implies burden of adjustment tends to fall on deficit countries
Macro-prudential measures should be made to last – RBNZ’s Spencer
Outgoing governor wants temporary framework for loan-to-value ratios to stay
Return of volatility helps shatter market illusions – BIS’s Borio
Quarterly review focuses on recent market gyrations
Zhou says China is ready for bolder reform
Zhou Xiaochuan gives what is likely to be his last press conference as PBoC governor
Protectionism may have ‘serious consequences’ – Canada’s Lane
US tax reforms may affect Canada’s capacity to attract investment, warns deputy governor
ECB criticises Irish draft law on mortgage arrears
Draft law could encourage moral hazard and harm legal certainty, says ECB
Sovereign debt more ‘enforceable’ – ECB paper
Results show creditors have used courts to “pressure” foreign governments
High corporate debt harms Italy’s productivity, IMF research says
Policymakers should look at discouraging structural corporate debt, researchers say
Italian consumer lending more risk-priced post-2008 – paper
Institutions tightened lending to consumers based on household factors
People: Tunisian governor resigns; EFSF appoints chairman
Governor Ayari quits after Tunisian prime minister initiated the process to replace him; and more
RBI launches tougher rules on non-performing loans
RBI takes next step in push to clean up financial sector
BoE’s Cunliffe sees liquidity risk in rise of investment funds
Investors have poured money into less liquid instruments
Asian property developers face tougher scrutiny amid house price boom
Hong Kong and Singapore are putting more scrutiny on loans to property developers