Financial crisis
Fed’s Kohn rejects bubble claims
Fed deputy acknowledges carry trade but dismisses fears low rates are stoking asset-price bubbles
Separating the casino from the retail bank will not work
A division between investment and retail banking will not prevent future financial crises, Clive Briault, the founder of Risk and Regulation Consulting and a former managing director at the Financial Services Authority, argues
Ex-RBI’s Reddy: roll back financial globalisation
Former governor of the Reserve Bank of India calls for creation of new Bretton Woods institution
Social contract needs a revamp
Bank of England’s Andrew Haldane finds that social contract between banks and the state needs to revised
Financial regulation needs unorthodoxy – Gopinath
Reserve Bank of India’s Shyamala Gopinath says financial regulatory framework needs to move away from orthodoxy
Interview: Heng Swee Keat
In an exclusive interview, the managing director of the Monetary Authority of Singapore discusses the impact of the financial crisis and how monetary and regulatory policies will change as a result
Asia’s moment
The timely infusion of government support has led to a resurgence in Asia that has caught observers off guard, argues Malan Rietveld
How can central banks avert the next crisis?
Claire Jones moderated Central Banking’s first ever live webinar, which was sponsored by BNP Paribas Securities Services.
Restoring normality to the financial system
John Nugée identifies six key areas that central banks need to consider in attempting to establish the new normal
Revisiting Asia’s sovereign wealth strategy
Donghyun Park outlines the impact the crisis on Asia’s sovereign wealth funds.
Spain should hold on tightening fiscal policy
R. Anton Braun, University of Tokyo, compares the current Spanish recession with Japan in the 1990s and looks at the impact of fiscal policy measures
HKMA policy eased post-Lehman stress
Hong Kong Monetary Authority looks at the effectiveness of its policy response to the dislocations and stress in the local interbank and FX swap markets after Lehman collapse
Shirakawa blames human nature for bubbles
Bank of Japan's Masaaki Shirakawa says bubbles' causes will eventually boil down to the human nature
Too-big-to-fail matters for macroprudence
Federal Reserve Board research looks at the dynamics of spillover effects of the global financial crisis to Asia and Pacific region
BIS global financial regulator needed: Griffith-Jones
Stephanie Griffith-Jones argues for far stronger global financial regulatory governance under the Bank for International Settlements (BIS)
Global regulatory reform not in sight: Kern Alexander
Kern Alexander says consensus on international regulatory reform is still far ahead
India’s Thorat: coordination key in crisis
Reserve Bank of India’s Usha Thorat draws regulatory and crisis-management lessons from India’s past financial crises
Four steps to improve international cooperation: Fed’s Kohn
Fed vice-chairman Donald Kohn calls for a more coordinated global response to the crisis
Eichengreen backs Fund as global lender of last resort
Berkeley economist Barry Eichengreen believes International Monetary Fund should in time take on the mantle of global lender of last resort
Interview with Barry Eichengreen
Berkeley economist Barry Eichengreen talks to CentralBanking.com on the IMF’s new role, reserve currencies and the future of economics as a science
Fed’s Rosengren on lessons from history
Boston Federal Reserve’s Eric Rosengren draws on crises in previous centuries to come up with broad lessons on turmoil
Plosser attacks Fed liquidity support
Philadelphia Federal Reserve president says central bank has gone “far beyond” Bagehot’s lender-of-last-resort tenet, should accept nothing but Treasuries