Debt
Bank of Jamaica warns about rising corporate debt
Portfolios changed as banks shed public debt and private borrowing grew, report says
Indian governor says court defeat will not stop stressed asset resolution
Governor says RBI may issue a revised circular after adverse legal ruling
NBU’s Smolii speaks out about political interference
Politically powerful people in Ukraine are still trying to block economic reform, but transparency is helping, says National Bank of Ukraine governor
India’s Supreme Court deals major blow to RBI bank clean-up
Court strikes down tough RBI ruling on stressed assets, ending requirement for swift action in cases of default
Housing debt increases on the back of reforms – Israel annual report
Bank of Israel documents changes in the mix of credit as reforms look to increase competition in the credit market
Borio questions Larry Summers on ‘secular stagnation’
Two teams of economists present fresh evidence for divergent views of low real rates
IMF research supports creation of fiscal responsibility laws
Philippine example highlights flaws in “non-binding” ceiling on budget deficit, author says
IMF demands Ecuador end monetary financing
Central bank will need to cover liabilities vis-à-vis banks with international reserves
Housing market still a risk to financial stability – RBA assistant governor
Michele Bullock addresses concerns over recent tightening in lending standards
Bank of Mexico stresses risks stemming from state-owned oil company
Pemex provides 20% of Mexico’s fiscal revenues, but is grappling with high debt and falling output
US corporate debt could amplify economic downturn, Kaplan says
Dallas Fed president warns about “historically high” corporate debt levels in economic letter
Zimbabwe borrows $985 million from pan-African lenders
International reserves cover only four weeks of imports amid limited access to hard currency
China calls a halt to deleveraging
Banking watchdog says deleveraging campaign has achieved its goals
Chinese lending hits all-time high in January
Total social financing reached roughly 240% of China’s GDP at end of month
Improved political environment lends support to Lebanese pound
As new government is formed, investors become more willing to sell dollars and buy pound
Non-banks continue rise as banks lose market share
Non-bank financial firms hit a record high, at nearly half of global financial assets, FSB finds; leveraged lending increasingly an area of focus
‘Unsustainable’ debt needs more thought – BoE’s Broadbent
Sustainable debt levels can differ between economies, and may not be observable – deputy governor
Growth keeping global debt-to-GDP just below all-time high – IIF
Latest monitoring report puts debt at three times global GDP, with some countries especially vulnerable
Former IMF chief blames Bank of Spain in Bankia case
Board followed central bank instructions in merger and failed IPO, says Rodrigo Rato
Central Bank of Kuwait overhauls core banking system
System provided by Tata automates key central bank operations
Blanchard calls for rethink on costs of debt
Fiscal cost of public debt may be zero, macroeconomist argues, but that does not make debt costless
Report reveals damage caused by Bank of Mongolia’s ‘quasi-fiscal’ policies
Discontinued policies may have undermined key parts of the central bank’s mandate, created inflation and generated huge losses, report finds
Number of risky housing loans issued in 2018 drops, says Danish central bank
Limits on loan-to-value and debt-to-income ratios have seen reduction on risky loans
China remains “committed” to globalisation, says Zhou Xiaochuan
Debt sustainability to be discussed at second Belt and Road Initiative summit next year; WTO deal still needed