Articles by Central Banking Newsdesk
Chile’s De Gregorio discusses how to tackle asset-price bubbles
Central Bank of Chile governor José De Gregorio says distortions in asset markets are often best addressed using foreign exchange interventions
Subbarao emphasises need for broader resolution regimes
Reserve Bank of India governor Duvvuri Subbarao calls for resolution regimes to include non-bank financial institutions
Interest rate growth differentials matter for debt sustainability: IMF paper
Fund study says low values of interest rate growth differential in non-advanced economies provide strong support for debt sustainability
Netherlands Bank paper identifies determinants of inflation-targeting adoption
Netherlands Bank study discusses common characteristics of countries that implement inflation-targeting regimes
ECCB disposes stake in former Stanford bank
Eastern Caribbean Central Bank sells assets from seized Bank of Antigua to Eastern Caribbean Amalgamated Bank
IMF evaluates reform options for SDR basket eligibility criteria
Executive directors meet to discuss staff paper on criteria for broadening the SDR currency basket; “freely usable” criterion set to stay
Sweden will go beyond Basel III capital rules, says Ingves
Riksbank governor Stefan Ingves says Sweden will follow Switzerland and UK in implementing higher capital adequacy requirements than Basel III for largest banks; details to be released soon
High 'euro-isation' poses challenges to monetary policy: IMF paper
Fund study says monetary policy channels in Hungary operated efficiently despite large exchange rate volatility
Negative equity has large impact on household mobility: NY Fed paper
New York Federal Reserve study says households in negative equity are far less likely to relocate than most homeowners
Sovereign debt strains felt in New Zealand: RBNZ report
Reserve Bank of New Zealand November Financial Stability Report says eurozone crisis continues to act as constraint on demand in New Zealand
Monetary policy and financial stability intrinsically linked: ECB’s Praet
European Central Bank executive board member Peter Praet, says central banks must lean against, rather than clean-up, imbalances under new financial stability paradigm
German banks face new set of risks as contagion spreads across Europe
Bundesbank 2011 Financial Stability Review says Germany’s banking system will face new burdens as sovereign debt crisis in Europe intensifies
Israel Administrative Council holds first meeting
Bank of Israel holds first Administrative Council meeting after lengthy delay in appointing external members
Zambia governance void continues
Bank of Zambia website lists every position on the board of directors as “vacant”; still no new governor after Caleb Fundanga was fired
Lorenzo Bini Smaghi to leave the ECB
Lorenzo Bini Smaghi will join Harvard University’s Center for International Affairs in January; ends term at ECB more than a year early
Papademos confirmed as Greek prime minister
Former ECB vice-president chosen as prime minister in new coalition government; news received well as stock market jumps
National Bank of Austria to invest in renminbi-denominated assets
People’s Bank of China and National Bank of Austria sign agreement enabling the Austrian central bank to invest in renminbi-denominated assets
Eurozone fears spread worldwide
Indonesia drops rate in surprise move, Lithuania and Mexico slash growth forecasts as the UK prepares for “Armageddon”
Bernanke emphasises importance of small business in US recovery
Federal Reserve chairman Ben Bernanke says small businesses play a key role in providing job opportunities and economic recoveries
Negative monetary policy effects from declines in pledgable collateral: IMF paper
Fund study says reuse of pledgable collateral by banks and dealers contributed to dry-up of liquidity during global financial crisis
Fears of widespread contagion are rising: RBA’s Lowe
Reserve Bank of Australia assistant governor Philip Lowe says growing turbulence in global markets due to mounting government debt and weak banking systems
Stark demands financial sector refocus
European Central Bank executive board member Jürgen Stark says financial sector became too “self-referential” in recent decades and must refocus activities on banking services
Credit-leading indicator to trigger countercyclical buffer phases: BIS paper
Bank for International Settlements study shows that credit-to-GDP ratio is best indicator for build-up and release phases of countercyclical capital buffers
Bank bail-outs risk instability in emerging market economies: IMF paper
Fund study says emerging markets are at risk of creating further macroeconomic instability by injecting money into financial system