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Fed declares victory on deflation risks
The Federal Open Market Committee (FOMC) on Wednesday signalled that it no longer believes a serious threat of deflation exists.
IMF opens Lat Am technical assistance centre
The doors to the International Monetary Fund's (IMF) central American technical assistance centre opened for the first time on Wednesday.
Treasury's Allison: financial system more stable
There are tentative signs that the financial system is beginning to stabilise and that the US Treasury's efforts have made an important contribution to this, said Herbert Allison Jr, the assistant secretary for financial stability at the US Treasury.
Why money laundering is a real challenge
Combating money laundering is a real challenge in many developing countries because of the scarcity of capacity and resources, said Tom Alweendo, the governor of Bank of Namibia.
BoE's Barker and Fisher on economic outlook
Although there have been some encouraging signs in the British and global economies, the real question is what is happening to final demand, said Kate Barker, an external member of the Bank of England's Monetary Policy Committee (MPC).
Denmark - Financial Stability Report
The National Bank of Denmark finds it positive that most large- and medium-sized domestic banks have indicated that they will apply for government capital injections, said the central bank in its latest Financial Stability Report.
FSA's Turner pushes for tax on size
Adair Turner, the chief executive of the Financial Services Authority, has joined the growing chorus of calls for limits on banks' size.
Sri Lanka's Jayamaha moves into politics
Ranee Jayamaha has stood down as a deputy governor at the Central Bank of Sri Lanka after 37 years of service with the institution.
Central Bank of Russia - Annual Report 2007
The Central Bank of Russia notes the work done in 2007 to stabilise the rouble, improve and strengthen the country's banking system, and upgrade and ensure the effectiveness of the payment system in its latest Annual Report.
King steps up calls for global monetary reform
Mervyn King, the governor of the Bank of England, on Wednesday urged officials from around the globe to cooperate to fix the instability inherent in the current international monetary order.
OECD calls on ECB to cut rates
The Organisation for Economic Cooperation and Development (OECD) has urged the European Central Bank (ECB) to cut rates further.
Germany's Weber calls for strong ESRB presence
Central banks should have a strong presence in the executive committee of the proposed European Systemic Risk Board (ESRB), said Axel Weber, the president of the Bundesbank.
SNB's Jordan cautions on low rates
Responsible behaviour on the part of homeowners, and bank discipline when granting loans, is needed to ensure that a low-interest environment does not lead to destabilisation of the property market, said Thomas Jordan, a member of the Swiss National Bank…
PBOC to face policy challenges in the future
Changes to China's financial position have not affected the money demand function yet but will in the future, new research from the International Monetary Fund posits.
Realign lats: ex-Argentine chief economist
A former chief economist at the Central Bank of Argentina has claimed that the best strategy for Riga to pursue would be a contained devaluation of the lats.
Fed plans changes to repo markets - report
The Federal Reserve is considering a major overhaul to repo markets, where banks globally raise overnight dollar loans, reports say.
Belarus expects $2 billion in IMF funds
Alexander Lukashenko, Belarus's president, has said that the country expects to receive $2 billion from the International Monetary Fund (IMF) before the end of 2009.
Rejigging the OTC derivatives market
Patricia White, an associate director at the division of research and statistics at the Federal Reserve, has testified on how the central bank believes the derivatives market should be regulated.
Inflation targeting: lessons from the crisis
Spencer Dale, the chief economist at the Bank of England, has said inflation targeting should remain a mainstay of macroeconomic policymaking in Britain.
Central banks right for stability role
One regulatory organisation in each country should be responsible for overseeing the stability of the overall financial system and that organisation should be the central bank, new research argues.
Riksbank sees anxious corporate sector
This survey by the Swedish Riksbank finds evidence of cautious optimism amongst the country's corporations, but notes that there is "considerable anxiety about a setback in the development of economic activity."
World Bank sees Chinese stability
The World Bank has argued that "it is not necessary and probably not appropriate to add more traditional stimulus in 2009" to the Chinese economy, which will continue to grow "respectably."
Gonzalez-Paramo on the future of central banking
In this speech, Jose Manuel Gonzalez-Paramo, a member of the executive board of the European Central Bank, argues that the crisis "will bring about a new environment for policy-making in a number of areas related to central banking."
Liquidity facilities and interbank lending
This paper by economists from the Federal Reserve Bank of San Francisco finds that the liquidity facilities introduced by central banks during the current crisis helped lower the liquidity premium in term interbank rates.