Financial crisis
Monetary policy needs financial analysis
European Central Bank says globalisation of financial markets over the past 25 years has had major implications for the conduct of monetary policy
Emerging-market shocks have mixed results on US assets
Bank of England looks at international financial transmission between emerging and mature markets
GDP to return to normal by mid-2010: BIS economists
Head of economic and monetary department Stephen Cecchetti and his team say pre-crisis GDP levels to be reached by June
Turkey cuts to fresh low
Central Bank of Turkey chops a half point off key rates, indicates further cuts to come
Angola says no devaluation in sight
Central Bank of Angola’s deputy governor says the central bank will withstand “speculative drive” to devalue the kwanza
BoJ forerunner of unconventional policy: Shirakawa
Bank of Japan’s Masaaki Shirakawa says economists attitudes towards unconvential monetary policy have changed since the Japanese crisis
Canada’s Carney: new capital requirements needed
Bank of Canada’s Mark Carney on building a more resilient financial system
S&P downgrades Latvia, Estonia
Latvia’s and Estonia’s long-term sovereign ratings downgraded, Lithuanian rating’s outlook put on negative watch
France’s Landau on Glass-Steagall’s relevance
Banque de France’s Jean-Pierre Landau addresses robustness of complex financial systems
Russia cuts for fifth time in four months
Bank of Russia lowers policy rate by 25 basis points in effort to stimulate bank lending
No link between capital flight and manufacturing credit
International Monetary Fund examines whether capital inflows affect the impact of the global turmoil on credit conditions for a country’s manufacturing sector
Fed enhancing large institutions’ oversight: Tarullo
Federal Reserve’s Daniel Tarullo says supervision of large institutions to get a new boost
Monetary and fiscal policies must link: RBI head
Reserve Bank of India’s Duvvuri Subbarao says monetary and fiscal policies must be coordinated in the future
Some thoughts on where global finance is heading
An event in Peru earlier this month addressed some of the key questions concerning the international economic order in the aftermath of the crisis.
Thailand’s Nijathaworn on Asia’s Achilles heel
Bank of Thailand’s Bandid Nijathaworn says Asia needs to decouple
UK to return to rules-based approach?
Philip Davis, head of economics and finance at Brunel University, says in an OECD paper that UK might need a more rules-based approach to banking regulation
Past banking crises studies need reassessment
International Monetary Fund finds that many banking crises studies focused on wrong indicators
National Bank of Austria – Research Update newsletter
National Bank of Austria publishes latest Research Update newsletter
Transparency and disclosure limit contagion
Cutting back on information asymmetries can reduce contagion
ECB board member speaks on financial crisis role
José Manuel González-Páramo gives a keynote speech at RiskEurope on the role of central banks in a financial crisis.
Iceland shows need for pan-EU supervisory approach
The Icelandic experience in the current crisis shows that the European Union's (EU) arrangements for cross-border banking supervision and deposit insurance need urgent strengthening, a new paper from Robert Wade, a professor of political economy at the…
Europe's banking fragility needs urgent attention
Europe's banks are so fragile that measures must be implemented within the next 12 months, a paper by Adam Posen and Nicolas Veron, two economists at the Peterson Institute for International Economics, posits.
CEE central banks' reaction mixed on Latvia
The views of officials from other Central and Eastern European central banks on this week's escalation of Latvia's currency crisis are mixed.
Latvia under intensified devaluation pressure
The Bank of Latvia on Thursday issued a strongly-worded statement defending the lats after the Baltic state's currency crisis intensified on Wednesday following a failed government auction.