Financial crisis
ECB: fiscal deficits attributable to crisis
ECB paper shows European fiscal budgets were unprepared for intervening in markets during crisis
Bank of Canada highlights requirements for global recovery
Study shows a rebalance in global current account necessary for sustainable growth
BoJ study links widening CDS spreads in Greece to greater sovereign debt risk
Bank of Japan study shows strong relationship between fiscal health and CDS spreads
Fund relents on capital controls
IMF admits capital controls have a role to play in its latest flagship report overturning long-held position, fleshes out possible capital surcharge framework
Bair: FDIC-style bailout needed for very large banks
Chairwoman of the FDIC Sheila Bair outlines resolution regime for the biggest firms
Systematic volatility explains long term global correlations
Mexican central bank study on frequency variations of global correlations indicates increased connectivity in equity markets
Fed to lose monetary affairs chief
Monetary affairs director Brian Madigan plans to retire later this year, he is succeeded by deputy director William English
Bini Smaghi: monetary policy should not be burdened with additional objectives
Lorenzo Smaghi says lax policy may have contributed to the crisis, but inflation targeting should remain core objective
SF Fed: crisis showed simple policy rules more effective
San Francisico Fed paper reaffirms strength of simple policy guideline to monetary policy but stresses need for international framework
NY Fed's Dudley demands new bubble-bursting tools
New York Fed president calls for a judgment-based approach to dealing with asset price bubbles
SEC announces tighter rules for asset-backed securities market
Proposals come after crisis underlined dangers of instruments’ complexity
RBI marks 75th anniversary with new goals
Governor Subbarao outlines new path for 2010
Greenspan deflects blame during heated testimony
Former Federal Reserve chairman Alan Greenspan defends record but accepts some criticism
Greenspan defends position on free market
Former Fed Chairman deflects criticism over adherence to Ayn Rand's views on laissez-faire capitalism
IMF: credit markets key to economic recovery
IMF study shows that a healthy financial sector is essential to a speedy recovery in the economy
RBNZ: inflation targeting no guarantee of stability
Reserve Bank of New Zealand Monthly Bulletin shows more than targeting inflation alone is needed to ensure macroeconomic stability
NY Fed’s Sack warns of excessive reforms
New York Fed’s Brian Sack discusses lessons from the crisis but cautions reforms may be superfluous
RBA’s Stevens pledges new regulation
Governor Stevens compares the troubles in financial markets to a patient in cardiac arrest, but claims new regulation will be the cure
Trichet: credit agencies essential
In reply to a question from MEP Nikolaos Chountis, Jean-Claude Trichet highlights the importance of rating agencies
Finnish central bank offers pessimistic outlook for growth
Bank of Finland report forecasts anaemic growth in 2010 following continued declines in exports sector
IMF: Bolivia foreign reserves adequate
Research charts developments since 2005
Yellen: Fed won’t inflate debt away
San Francisco Fed’s Janet Yellen tells LA town hall inflation will not run rampant so long as Fed retains independence
Italy’s Draghi favours “enforcement” over European Fund
Bank of Italy governor Mario Draghi says a new pact should be drawn up to enforce fiscal discipline, rather than building a continental version of the IMF
Lockhart: Fed inflation anchor under threat
Atlanta Fed’s Dennis Lockhart warns that inflation expectations may be dislodged as a result of accommodative Fed stance