Emerging markets
Shirakawa calls for stronger trans-Pacific links
Masaaki Shirakawa delivers speech encouraging countries to strengthen economic ties across the Pacific; describes stronger links as a “win-win” situation
RBI’s Chakrabarty explores financial education in emerging markets
Deputy governor of the Reserve Bank of India discusses importance of financial education in emerging markets; says raised savings rate a “necessary condition” for double-digit growth
BIS researcher examines countercyclical policy in emerging markets
BIS Quarterly Review special feature assesses the use of countercyclical policies in emerging markets; finds broad implementation of stabilising monetary and fiscal policies
BoJ’s Shirai debates how to strengthen growth momentum
Member of Bank of Japan policy board says the country should improve economic relations with emerging Asia in terms of trade and tourism and also through cross-border financial transactions
Designing a new global financial architecture
Developing a financial architecture for the future requires substantial thought about international capital flows and the role of institutional investors. By Bernd Braasch
IMF paper investigates capital inflows relationships with other factors
IMF researchers study determinants and inter-relationships between capital inflows, financial development and domestic investment in developing countries
Lagarde calls for ‘gradual’ austerity moves
Lagarde calls for gradual and country-specific approach to austerity; says supply-side measures needed to achieve sustainable growth
Qatar central bank to launch interbank rate
Qatar Central Bank to launch interbank rate; first entry into market for gulf state, which will offer fixings across eight categories
Carney calls for competitiveness gains to drive exports
Governor of the Bank of Canada calls for exporters to improve competitiveness; says there must be a focus on exporting to emerging economies
Renminbi could be adopted into SDR by 2015, says CentralBanking.com panellist
Latest Central Banking On Air debate asks if reserve mangers should invest more in emerging markets; panellists believe renminbi will be adopted as part of SDR with just the timescale in question
Norway set to shift investment strategy after poor SWF performance
Norway sovereign wealth fund to focus on emerging markets following third-worst performance in history last year
Lagarde hopes for progress on IMF resource increase
IMF managing director sets out hopes for Spring Meetings; wants to see increase in resources and emerging market representation reform agreements
IMF research links wage growth and unemployment in South Africa
Fund working paper asserts link between wage rate growth exceeding productivity growth and rising unemployment in South Africa
Lagarde believes strong US role key to global recovery
IMF chief says US leadership vital; interconnectedness of the global economy means US has a stake in European and global recovery
Carney looks east for export growth
Bank of Canada governor says Canada’s over-reliance on the US as an export market must change and more attention must be focused on emerging markets in the east
Australia’s Lowe confronts the country’s changing economy
RBA deputy governor calls on Australia to make the most of the opportunities a shifting world economy offers the country
IMF paper studies bank asset quality in emerging markets
IMF research paper finds significant links between banks' asset quality, credit and macroeconomic aggregates
IMF research analyses Brazil's high interest rates
IMF research paper assesses high interest rates in Brazil; suggests country could move towards lower rates if domestic savings increase to levels found in other emerging markets
Zoellick to leave World Bank in June
World Bank president Robert Zoellick announces decision to step down this year; IMF’s Lagarde says he has served the international community with “great distinction”
IMF paper explores importance of systemic emerging markets
Research paper finds differing results for impacts of trading partners' growth on low-income countries that are predominantly commodity exporters and those that are not
Emerging markets benefited from solid balance sheets, says BIS paper
Bank for International Settlements study says Latin American and Asian countries experienced more sustainable levels of credit growth due to healthy balance sheets pre-crisis
Rapid credit growth in Asia driven by domestic factors, says IMF paper
International Monetary Fund study says domestic monetary policy can play a pivotal role in managing credit growth in emerging Asian markets
IMF paper finds inflexible exchange rate regimes most exposed to hot money
Fund study says relatively inflexible exchange rate regimes need to be counteracted by carefully designed macroprudential policies
IMF’s Shinohara urges emerging markets to rethink fiscal approach
Fund deputy managing director Naoyuki Shinohara says advanced economies must walk narrow path to address fiscal imbalances; emerging and developing nations should reconsider pace of adjustment