Articles by Central Banking Newsdesk
ECB launches two educational games
European Central Bank president Jean-Claude Trichet says launch of educational games will inform public about monetary policy activities
IMF: global stock markets sensitive to US monetary policy shocks
Fund study finds strong relationship between global stock prices and US monetary policy
Electronic methods leading growth of cashless payments in the US, says Fed study
Federal Reserve study shows number of cashless payments has grown, with debit card, automated clearinghouse transactions leading the way
Britain raises bank levy
UK government publishes final bank tax law that will raise the levy on liabilities higher than initial proposals set out in June
Atlanta Fed names new second in command
Retirement of Atlanta Federal Reserve first vice-president Patrick Barron sparks reshuffle in retail payments office
Fitch kicks three more notches off Ireland
Irish sovereign debt downgraded to BBB+ by ratings agency Fitch
Bank of Israel develops new forecasting model
Bank of Israel study develops new forecasting model that uses quarterly data
RBA's Lowe: households optimistic over future
Reserve Bank of Australia assistant governor Philip Lowe says households' confidence in Australia remains strong despite weak balance sheets
Norges Bank examines time inconsistency models
Norges Bank study examines methods to model time inconsistency problem in monetary policy over extended period
IMF: EME bond spreads respond to fundamentals, financial stress
Fund study says emerging market bond spreads are sensitive to financial volatility in short run but macroeconomic fundamentals in long run
ECB's Constâncio heralds dawn of Seoul consensus
European Central Bank’s Vítor Constâncio says state intervention during banking crisis marked end of Washington consensus; vice president heralds dawn of Seoul consensus
Canada closes part of currency unit
Bank of Canada agrees to sell assets from optical security material division to banknote security supplier Fortress Optical Features
BIS: access to CDS markets reduces debt financing in Asia
Bank for International Settlements study shows credit default swap trading lowers bond issuance costs
Spain’s banking sector different from Ireland: Ariztegui
Bank of Spain deputy governor Javier Ariztegui says Spanish banking sector faces different challenges than seen in Ireland
Boston Fed finds evidence of sticky wages
Boston Federal Reserve paper shows that wage adjustments in the United States are very infrequent
India’s banks prepared to meet Basel III: Subbarao
Reserve Bank of India governor Duvvuri Subbarao says India’s banks ready to meet Basel III requirements
Zimbabwe to axe 74% of staff: reports
Reserve Bank of Zimbabwe governor Gideon Gono says central bank will axe 1,600 jobs as part of measure to downsize institution, according to leading media
Hungary discontinues bond purchasing scheme
National Bank of Hungary to discontinue mortgage bond purchase scheme next year; says programme only managed to reduce liquidity premia on domestic bonds to small extent
Mauritius’ Bheenick warns of middle income trap
Bank of Mauritius governor Rundheersing Bheenick says competitiveness key to overcoming middle income trap
Credit card rewards boost spending: Chicago Fed
Chicago Federal Reserve study shows that credit card cash-back rewards can boost spending but effect on total consumption is relatively minor
BoE: seniority claims good indicator of default
Bank of England study shows claims by senior debt holders a good measure of future default risk
Lebanon’s Charafeddine: unconventional monetary policy was vital for oil exporters
Bank of Lebanon first vice-governor Raed Charafeddine says unconventional monetary policy helped oil exporting countries address financial crisis
Riksbank’s Nyberg challenges Svensson over monetary policy framework
Riksbank deputy governor Lars Nyberg says monetary policy must support macroprudential policy; comments contrast with Svensson’s calls for monetary policy to focus on price stability
De La Rue shares soar on Oberthur takeover bid
Banknote printer De La Rue confirms preliminary takeover bid has been made; French firm Oberthur Technologies behind the move