Articles by Central Banking Newsdesk
Riksbank – Financial Stability Report 2009:2
Sveriges Riksbank’s second report of the year finds conditions have improved, but emphases the brittle nature of financial markets’ confidence
BoJ’s special funds operation most effective for CP market
A Bank of Japan paper argues that outright purchases and repo operations were only briefly effective compared to the authority’s special funds operation
Greece downgraded; remains on negative watch
One of the big-three ratings agencies downgrades Greece and keeps outlook on negative
China to maintain “moderately loose” policy
People’s Bank of China indicates rates will be kept low for some time to support growth and stability; statement echoes the pledges of central economic conference
Korea labels gold rush illusory
Bank of Korea’s head of reserves management looks to downplay surge of central bank interest in bullion
Australia benefiting from Asian strength: Battellino
Reserve Bank of Australia deputy governor Ric Battellino says strong domestic demand in Asia has driven growth, and allowed the region to forge ahead of the North Atlantic in recovery
BIS on how to make stress tests better
Research examines the reasons for poor performance of stress tests pre-crisis and notes implications for their design and conduct in the future
Growth determinants revisited
International Monetary Fund research returns to the issue of cross-country growth empirics debate using a novel model
Israel minutes show division between advisers
Minutes of the Bank of Israel’s November meeting reveal one of the four advisers to the governor said rates should be left unchanged, while three voted for a 25bp hike
Ex-RBNZ head hits back at inflation-targeting critics
First governor to preside over the introduction of inflation targeting defends framework against recent criticisms
Former Fed economist calls for more stimulus
Ex-Federal Reserve official says focus must be on providing up to $6 trillion more monetary stimulus rather than exit strategies
Bank’s Bailey links rise in banknotes with turmoil
Bank of England’s Andrew Bailey says crisis has sparked rise in demand for currency; says trend reflected in other major economies
Unconventional monetary policy reviewed
Claudio Borio and Piti Disyatat set out a framework of definitions to help categorise and clarify the functions of various monetary policy tools, and assess central banks’ actions since the crisis
Reflections on liquidity crises: Borio
The BIS’s Claudio Borio discusses ten propositions on liquidity crises, including the importance of improving buffers and the need for principles on central bank liquidity provision
Influences on crisis fighting in emerging markets
International Monetary Fund examines why some emerging-market economies took special-liquidity-easing measures during the crisis
Chakrabarty: mobile payments uptake low in India
Reserve Bank of India’s Kamalesh Chakrabarty says mobile banking yet to take off
Kuwait SWF sells Citi stake for $1.1 bn profit
Kuwait Investment Authority announces sale of its Citigroup share; follows Singapore GIC’s sale of Citi stake in September
Japan’s recovery to be moderate: Shirakawa
Bank of Japan’s Masaaki Shirakawa cautious on economic recovery
Eurozone lending tightened in October
European Central Bank reports decrease in the growth of credit to the private sector
Exit from extraordinary measures “straightforward”: NY Fed’s Sack
Brian Sack, the New York Fed's markets chief, says creating emergency facilities was harder than withdrawing them will be
Monetary policy in preventing boom-bust housing cycles
Bank of Canada paper argues that central banks should react less to inflation and more to output to avoid making boom-bust cycles worse
Fed data points to rise in GSE holdings
Data show official sector viewing agency debt more favourably; marks about-turn from autumn 2008 sell-off
US must adapt to maintain role in global debate: NY Fed VP
New York Federal Reserve’s Checki notes US’s hand in global developments is not as strong as it once was; says policy must reflect this
Turkey gets sovereign debt, currency upgrades
Fitch Ratings raises Turkey’s long-term sovereign debt and currency ratings to BB+, taking them just outside investment grade