Articles by Central Banking Newsdesk
Greece agrees new package
Authorities strike deal over Greece; extensive privatisation programme to commence shortly
US banks at risk of downgrade following Dodd-Frank
Credit rating agency Moody’s launches review of eight banks’ ratings after legislation makes uncertain implicit promise of government support in event of failure
Turkey to set up bank in China
Turkey announces plans to open first bank in China in bid to strengthen ties with trade partner to the east
Sri Lanka opens restored central bank building
Central bank opens restored historic building; hopes to spark further regeneration in Colombo City
Singapore experiences surge in growth
Monetary Authority of Singapore Recent Economic Developments report shows 22.5% pick-up in growth in first quarter of 2011.
Oil prices do not follow random walk: Bank of Canada paper
Bank of Canada study attempts to tackle challenges in forecasting real and nominal oil prices
Norway’s Olsen calls for shift in SWF investments towards EMEs
Norges Bank governor Øystein Olsen says decision to review investment strategy of government sovereign wealth fund is “advisable”
Anchoring inflation eases deflation risks: IMF paper
Fund study on US inflation dynamics shows well-anchored inflation reduces risk of deflation
Trichet demands greater powers
European Central Bank president Jean-Claude Trichet says greater authority over national economic policies should be entrusted with euro area institutions
Yellen sees signs of exuberance in corporate debt markets
Comments highlight Fed’s methods for monitoring imbalances; rate hikes “last resort” to tackle financial excess
BoE outlines risk of higher intraday liquidity buffers
Bank of England study says new measures to enhance intraday liquidity risks jeopardising payment and settlement operations; recommends tools to mitigate banks’ incentive to delay settlement
FDI boosts external balances: IMF paper
IMF study shows central eastern and southeastern Europe region benefited from large foreign direct investment pre-crisis
Sarb’s Marcus on the economist profession
South African Reserve Bank governor Gill Marcus says economists’ role in society included acting as a constraining voice on economic issues
Bankers underestimate need to recapitalise: ECB paper
European Central Bank study shows bankers’ incentive to recapitalise during periods of crisis are undermined by negative externalities
BoE’s Tucker calls for ex-ante resolution for CCPs
Bank of England deputy governor Paul Tucker calls for further ex-ante measures to wind down failed central counterparties
IMF candidates battle to win support
Lagarde and Carstens visit Brazil; Merkel supports non-European candidate in the future
Estonia announces severance packages for rejected deputy governors
Ousted deputy governors given six-month wage severance packages; nomination process for next governor underway
Draghi faces large pay cut
Bank of Italy governor Mario Draghi’s pay would more than halve as next European Central Bank president
Ex-De La Rue chief decamps to rival
Oberthur Technologies snaps up former De La Rue chief executive James Hussey; shares in UK banknote producer slump as Oberthur ends interest in rival
Hong Kong strengthens security for ATMs
Automatic teller machines will use chip-based technology to help cut fraud; magnetic strips on cards will still work for foreign transactions
Fed research director to retire
David Stockton, director of the division of research and statistics, will leave the Federal Reserve Board at the end of September after 30 years
HKMC - Annual Report (2010)
Hong Kong Monetary Corporation 2010 Annual Report shows $600 million increase in loans purchased in Hong Kong
Bank reserves do not affect lending levels: NY Fed paper
New York Federal Reserve study says bank lending levels are independent of amount of reserves in banking system
RTGS usage climbs: Bank of Israel survey
Bank of Israel 2010 Payment and Settlement Systems survey shows Zahav transactions increased by 20% in 2010