Financial crisis

What to look for in Paulson's plan

The sweeping arrangements from the US government to buy bad loans and assets from embattled financial institutions are expected to be announced late on Friday and the details will be discussed extensively over the weekend. Here is what to look out for.

Central banks return to collective action

After a series of individual efforts aimed at resolving money market tensions, the world's major central banks resorted to collective action on Thursday, injecting as much as $180 billion (€124.75 billion) into interbank markets through various swaps and…

Russia announces emergency plan

The Russian authorities are preparing to spend $19.59 billion (€13.6 billion) in an effort to stabilise its financial markets as trading on its two main stock exchanges remain closed.

The Fed's balance sheet and the US Treasury

The announcement on Wednesday that the United States Treasury is issuing debt - at the request of the Federal Reserve - to replenish the central bank's balance sheet, has raised questions about the health of the Fed's balance sheet. Here are some…

IMF reviews response to turmoil

International Monetary Fund research analysing the response to the recent credit crunch suggests that central banks should develop common elements in their operational frameworks.

Fed's Kroszner dismisses decoupling

The recent turmoil has served to reaffirm the adage that when the US sneezes the rest of the world catches a cold, a senior Federal Reserve official has argued.

Bagehot revisited

The credit crisis has underlined the limited effectiveness of central banks’ lender-of-last-resort function, argues Bruce White

Light in Gaza

Jihad Alwazir, the governor of the Palestine Monetary Authority, tells Claire Jones how the central bank is reforming the state’s banking sector and why the institution needs to be a “jack of all trades”

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