Financial crisis
SARB's Mboweni: flight to quality ironic
Tito Mboweni, the governor of the South African Reserve Bank, said it was ironic that capital was now flowing back to the United States, the source of the current crisis.
Strong policy responses shorten crises
Strong policy responses have a marked impact on the duration of crises, a new study from the International Monetary Fund posits.
Bank of Latvia - Annual Report 2008
For the Latvian economy, 2008 was a year of radical change, said Ilmars Rimsevics, the governor of the country's central bank in its latest Annual Report.
Interview: William White
Claire Jones speaks to William White about the lessons from history in getting out of the current crisis and the need for thinking more long term about the consequences of policymaking
Banking crises bring longer downturns
Financial turmoil characterised by banking distress is more likely to result in severe and protracted downturns than crises caused by volatility in securities or foreign exchange markets, new research from the International Monetary Fund posits.
Sub-Saharan Africa faces severe slump, IMF warns
The International Monetary Fund warned on Tuesday that economies in sub-Saharan Africa were facing a "severe downturn" and called for a strong public-policy response both domestically and internationally.
Are Libor spreads near the new normal?
A decline in interbank spreads shows confidence is returning. But, the margins at which spreads settle are likely to reveal much about how the crisis has changed the face of finance for years to come, Claire Jones, the editor of CentralBanking.com, says.
Governance role to shift in crisis aftermath
Central bank governance is set to change in the aftermath of the financial crisis as institutions' roles adapt, a report out Monday has said.
Turkey's strength is its financial system: Yilmaz
The key factor enhancing the resilience of Turkish economy to the global crisis is the stability achieved in Turkey's financial system, said Durmus Yilmaz, the governor of the country's central bank.
Ex-FDIC's Seidman dies
Bill Seidman, the chairman of the Federal Deposit Insurance Corporation (FDIC) who presided over the savings and loan crisis, has died.
Norwegian payments system passed crisis test
Norges Bank's payments system successfully handled the challenges posed by the financial crisis, the central bank said on Thursday.
Riskbank's Ingves on why the crisis happened
Stefan Ingves, the governor of the Riksbank, has explained why the global crisis occurred.
Bank Indonesia - Annual Report 2008
In Indonesia, the fallout from the global financial crisis began to take hold towards the end of 2008, the latest Annual Report from the country's central bank states.
Chile can mitigate the effect of the global crisis
Recent research by Jose De Gregorio, the governor of the Central Bank of Chile, maintains that although Chile can naturally not escape the effects of the global crisis, it is in a good position to mitigate them.
Economy healing, but Bank warns on recovery's pace
The world economy is no longer on the brink of collapse but the upswing may be more protracted than during previous post-war recessions, the Bank of England said on Wednesday.
Learning from previous financial crises
Research by Kenneth Rogoff and Carmen Reinhart finds that financial crises in rich countries have much in common with those in emerging markets.
Central Bank of Iceland - Monetary Bulletin
In view of the uncertainty related to the global financial crisis, the Central Bank of Iceland's latest Monetary Bulletin has noted that capital controls must be removed cautiously.
ECB's Papademos: injections staved off collapse
The expansion of liquidity to the eurozone's banks since August 2007 has ensured that a systemic crisis was averted, said Lucas Papademos, the vice president of the European Central Bank.
Central banks partly to blame: UK MPs
Though banks were ultimately culpable, central bank must acknowledge a share of the blame for the financial crisis, an influential group of British lawmakers has said.
Trichet emphasises lack of confidence
Jean-Claude Trichet, the president of the European Central Bank, has claimed the role of policymakers in this stage of the crisis is to restore confidence.
Iceland's Oddsson says he did spot flaws
David Oddsson, the former governor of the Central Bank of Iceland who presided over the country's financial meltdown, has said he did warn of the dangers posed by the country's over-reliance on the banking sector.
BoE's Haldane on lessons from natural disasters
There is much to be learnt on dealing with financial crises from natural disasters, Andrew Haldane, the executive director for financial stability at the Bank of England, has noted.
Bank publishes first QE quarterly
Quantitative easing by the Bank of England has succeeded in reducing gilt yields, and narrowing spreads on commercial paper and corporate bonds, but the Bank on Monday cautioned that it will take some time to determine the full effect of its purchases.
EU devises new rules for rating agencies
The European Parliament on Thursday approved a batch of rules aimed at enhancing the transparency and performance of credit rating agencies, under fire for their role in the crisis.