Articles by Central Banking Newsdesk
“Green shoots” of recovery must be handled gently
Durmus Yilmaz, governor of the Central Bank of Turkey, argues for a careful balance between fighting recession and expanding public debt
Communications research key: Fed’s Kohn
Fed vice chairman reviews development of monetary policy literature, pointing out successes and areas where further work is needed
Sri Lanka holds rates steady
Central Bank of Sri Lanka continues policy of gradual easing of credit conditions
Lamfalussy godfather of BIS’s macroprudence
National Bank of Belgium paper shows Alexandre Lamfalussy as the originator of the macroprudential approach to stability
Spain must step carefully on the road to recovery
Bank of Spain’s Miguel Fernandez Ordonez says domestic economy and financial sector face challenges ahead
Dutch central bank takes over floundering DSB
The Netherlands Bank takes control of teetering domestic lender Dirk Scheringa Beheer after consortium talks fail; says it will guarantee deposits
Cautious MAS maintains zero appreciation policy
The Monetary Authority of Singapore pledges to maintain its policy of zero appreciation [of the Singapore dollar’s nominal exchange rate] as confidence in global rebound wanes
Nigeria’s banking landscape set to change: Sanusi
The governor of the Central Bank of Nigeria says the ongoing clean-up will lead to a reduction in the number of large banks
Nobel prize for pioneers of economics governance
Swedish Academy of Sciences shuns orthodoxy to award 2009 prize for work on institutions not markets
Bernanke sets out tightening strategy
Fed Chairman outlines measures that can be taken to ease inflationary pressure
Bank of Canada: Business Outlook Survey
Canadian central bank’s autumn survey reveals that while conditions are improving, confidence remains fragile
Mutual guarantee institutions aids credit access
Bank for International Settlements finds that membership of mutual guarantee institutions help small and medium enterprises to obtain bank funding
Central banks must guard independence – IMF
International Monetary Fund says the risk of losses from unconventional policies can pose challenges to financial independence
Canada taking “hard look” at price-level target
Bank of Canada’s Paul Jenkins says central bank undertaking “considerable study” on pros and cons of price-level targeting
Reserve Bank of New Zealand - Annual Report 08/09
Governor of the Reserve Bank of New Zealand says the country dealt with the crisis fairly well, but risks remain
Buba to be sole banking regulator
Germany’s incoming coalition government strips Bafin, the country’s financial services authority, of remit to regulate banks
Summers says crisis won’t hit potential growth
White House adviser Larry Summers says he expects growth to fully recover, optimism contrasts with eurozone outlook
UK opposition leader interferes in Bank policy
David Cameron, leader of the opposition Conservative party, says “the government” will have to stop printing money
Securitisation not to blame for the crisis: Fed’s Tarullo
Federal Reserve’s Daniel Tarullo also reiterates calls for an oversight council
British FSA gets tough on liquidity
Financial Services Authority’s Sally Dewar says banks will have to hold more liquid assets to cut out social costs of crisis
Monitoring can prevent crisis
International Monetary Fund looks at role of uncertainty in contagion during a financial crisis
Fed’s Lacker: economics key for financial education
Richmond Federal Reserve’s Jeffrey Lacker says financial education programs should include economics
Network analysis key to understanding crisis: ECB’s Tumpel-Gugerell
Gertrude Tumpel-Gugerell, ECB executive board member, emphasises the magnitude of contagion in the financial system
IMF disputes reserves’ role in shoring up stability
International Monetary Fund says large reserves stockpile didn’t help weather the crisis