Articles by Central Banking Newsdesk
National Bank of Slovakia – Monthly Bulletin (May)
Monthly Bulletin shows economic recovery remains on a steady path in Slovakia
Abandon pure inflation targeting: India’s Subbarao
Reserve Bank of India governor Duvvuri Subbarao says central banks should not persist with single focus on inflation targeting
Iceland’s Sighvatsson offers guidelines on how to apply new Supreme Court law
Central Bank of Iceland deputy governor Arnor Sighvatsson introduces guidelines to financial institutions on non-binding clauses linking loans to exchange rates
Zambia’s Fundanga: MoU will scale up research efforts on economy
Bank of Zambia governor Caleb Fundanga hails effort to improve research on country’s economy
Founding MPC member leaves UK fiscal watchdog after three months
Office of Budget Responsibility head Sir Alan Budd steps down after barely three months on the job
Central Bank of Brazil: inflation tax risked hyperinflation
Brazilian central bank study shows the country risked weak hyperinflation in the past due to high income tax elasticity
BoE data shows May rise in lending levels
Bank of England data on lending shows moderate gains in amount of loans issued to individuals and households; lending still remains below pre-crisis levels
Malaysia’s Ibrahim calls for greater harmonisation in Islamic finance
Bank Negara Malaysia deputy governor Dato' Muhammad bin Ibrahim says companies can make efficiency gains through greater cooperation within Islamic finance industry
Cleveland Fed: Fed’s abandonment of FX controls justified
Cleveland Federal Reserve study says Fed was right to stop intervening in foreign exchange markets as it helped stabilise prices in long term
Greek debt crisis sparks widening of almost all global CDS spreads
Cost of protecting against a Greek default up 190% in three months to mid-June as CDS spreads widened for 93% of sovereign debt on back of sovereign debt crisis in Europe
NIESR director to succeed Kate Barker on MPC
Martin Weale set to join Bank of England’s Monetary Policy Committee in time for August meeting
ECB handled Greek crisis well: CentralBanking.com readers
CentralBanking.com poll shows more than 40% approval rating for European Central Bank’s handling of the Greek debt crisis
Foreign holdings of US Treasuries rise as supply for agency securities runs dry
Fed data show official-sector holdings of US agency securities fell after 12 straight weeks of gains
Netherlands’ Wellink survives resignation calls
Calls for Netherlands Bank governor to quit followed damning report into the central bank’s handling of failure of DSB
Iran’s central bank needs greater independence: research group
An Iranian research centre says Iran’s central bank requires greater autonomy from government if it wants to battle inflation
Norges Bank – Annual Report on Payments Systems (2009)
Norges Bank says Norway’s payment system is secure but has room for improvement in cost-effectiveness
St Louis Fed: FOMC largely ignored Phillips curve framework
A St Louis Federal Reserve study on Fed transcripts shows the FOMC was split on whether to use the Philips curve in monetary policy decisions
San Francisco Fed: jobs growth policies only temporarily effective
San Francisco Fed study shows recent government policies designed to stimulate employment failed to have any long-lasting effects
IMF: FDI undermined competitiveness in central and eastern Europe
An IMF study on real effective exchange rates reveals large volumes of foreign capital flows reduced competitiveness in central and eastern and European countries
Eurozone crisis won’t cripple Israel: Fischer
Bank of Israel governor Stanley Fischer says eurozone debt crisis and growth slowdown haven’t changed domestic outlook significantly; cites gains to be made from developing clean technology sector
Terms of credit in a competitive market: Philly Fed research
Paper from the Philadelphia Federal Reserve constructs a model to explain behaviour of lenders and borrowers
Expectations drive house prices
Bank of Spain research finds expectations on both monetary policy and future productivity influence house prices
ECB’s Tumpel-Gugerell: towards a safer financial system
European Central Bank executive board member discusses key elements of new approach to safeguarding stability
Klaus Regling to head euro bailout vehicle
German economist and former director general Klaus Regling to head European Financial Stability Facility set up to bail out troubled eurozone states