Financial crisis
Real and financial sector linked - Fed's Warsh
The US economy will recover sooner than expected if banks are willing to find new ways of lending, said Kevin Warsh, a governor at the Federal Reserve.
Markets obey laws of nature not math: NBB's Praet
The "once in a century" credit crisis demands a fundamental re-think in the way we view, and regulate, financial systems, Peter Praet, an executive director at the National Bank of Belgium and a member of the Basel Committee on Banking Supervision, has…
Philippine's Tetangco - links with US decisive
The macroeconomic impact of the current turmoil on Philippine's economy will depend on trade links with the United States, remittances and investments, said Amando Tetangco, the governor of the Central Bank of Philippines.
Riksbank board unanimous on cut
The executive board of the Riksbank unanimously backed a lowering of the repo rate by 50 basis points to 3.75%, the minutes of the 22 October meeting reveal.
Turkey explains October hold
The Central Bank of Turkey's rate-setting committee in October decided to keep rates on hold as the intensification of the financial turmoil called for a cautious approach, the minutes of the meeting reveal.
Czech currency protects economy - CNB's Singer
The Czech koruna cossets the economy from financial turmoil elsewhere, said Miroslav Singer, a vice governor of the Czech National Bank.
IMF: crisis calls for new statistics
Understanding the crisis may require out-of-the-box thinking on data, said Adelheid Burgi-Schmelz, the new director of the International Monetary Fund's (IMF) statistics department.
Bank calls for systemic risk re-think
The Bank of England on Tuesday called for a strengthening of cross-border crisis management, criticising the decision by some authorities to offer blanket guarantees on deposits.
Stay vigilant, SARB warns markets
Financial system authorities and participants must stay vigilant, and enhance efforts to improve resilience and contingency measures, states the latest Financial Stability Review from the South African Reserve Bank.
India impacted by global turmoil
Recent events in India's financial markets reflect adverse developments and extreme uncertainty in international financial markets, opines the latest macroeconomic and monetary development mid-term review from the Reserve Bank of India.
We were powerless to save Lehman, says Paulson
The US Treasury and the Federal Reserve had to let Lehman Brothers fail because the now-defunct investment bank did not have enough good collateral on its books to guarantee a Fed loan, Hank Paulson, the US treasury secretary, has said.
Bank's monetary-policy roundtable
The Bank of England has published a note summarising its first monetary policy roundtable, run jointly with the Centre for Economic Policy Research.
India pledges more liquidity
The Reserve Bank of India on Wednesday took further steps to shore up liquidity, judging that the global turmoil warranted action.
ECB's Bini Smaghi calls for regulatory overhaul
It is not sustainable to run different financial regulation and supervision policies, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
Valuation at the heart of crisis: Banque de France
Valuation issues lie at the heart of the financial turmoil, Banque de France stated in its latest Financial Stability Review.
Iceland nationalises second-largest bank
The crisis in the Icelandic financial system deepened on Tuesday as the authorities took control of Landsbanki, the country's second-largest lender, and pegged the ailing krona to the euro.
US can learn from Sweden's banking crisis
A new research paper prepared for the US congress draws lessons for the US from Sweden's banking crisis in the early 1990s.
Riksbank striving to inform public on crunch
The Riksbank is providing and updating a list of questions and answers on the financial turmoil.
IMF ups crisis loss estimate to $1.3 trillion
The International Monetary Fund (IMF) now expects the US credit crisis to cost the global financial system $1.3 trillion.
Systemic banking crises - a new database
A paper from the International Monetary Fund presents a new database on the timing of systemic banking crises and policy responses to resolve them.
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…