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Riksbank raids euro swap line to shore up stabilit
The Riksbank on Wednesday said it would tap €3 billion ($4.2 billion) from a swap line set up with the European Central Bank (ECB) to ensure it was "well-prepared to continue safeguarding stability."
Krugman hints at inflation remedy to fix crisis
Reducing the real value of debt burdens by stoking inflation is possibly the best bet to spur a global economic recovery, Paul Krugman, the Nobel laureate, said on Tuesday.
Basel Committee expands membership
The Basel Committee on Banking Supervision on Wednesday expanded its membership to include all G20 countries.
Ireland's rating downgraded for the second time
Ireland's sovereign credit rating with Standard & Poor's has dropped another notch on concerns connected to the rescue of the Irish banking system.
Better plumbing can stabilise system: BoE's Tucker
Paul Tucker, a deputy governor at the Bank of England, has said that more widespread use of more open methods of trading would enhance the resilience of the financial system.
UK eyes 2018 cheque-out
The UK is moving towards closing cheque clearing within a decade, Paul Smee, the chief executive of the UK Payment Council, told an industry conference in London.
Ten to repay Tarp but COP wants more stress tests
The US Treasury on Wednesday said it will allow ten banks to repay government funds after stress tests showed that they held enough capital to see out the crisis.
Krugman: there is a liquidity trap, we're in it
In the first of a three-night stint at the London School of Economics, Paul Krugman sounded the death knell for economists' faith in monetary policy as a means of avoiding depressions.
Central Bank of Armenia - Annual Report 2007/08
One of the key priorities in 2009 for the Central Bank of Armenia is the establishment of the All-Armenian Bank, which will invest large-scale projects with focus on education, healthcare, and tourism, notes the latest Annual Report from the country's…
Macroprudential needed regardless of rate policy
Macroprudential policies are required regardless of the monetary-policy regime in place, said Svein Gjedrem, the governor of the Norges Bank.
Dornbusch was right
Dornbusch's exchange rate overshooting hypothesis holds, new research from the Norges Bank reveals.
Fed's Hoenig: regulatory reform can wait
The re-establishment and proper enforcement of rules that have proven effective over time will do more to enhance regulation than a major revamp of the regulatory code, said Thomas Hoenig, the president of the Kansas City Federal Reserve.
Russia could float rouble next year
The rouble may switch to a free float before 2011, a senior official at the country's central bank said at the weekend.
Lat Am's progress highlighted by crisis: BIS
The development of Latin America's financial markets and policymakers' enhanced credibility have been underscored by the region's ability to withstand the worst ravages of the crisis, a paper published by the Bank for International Settlements (BIS) said.
BoE looks to expands unconventional operations
The Bank of England has indicated that it wants to extend its quantitative easing programme to cover secured commercial paper.
Fiji's Reddy calls on banks to offer microfinance
There is no reason why all banks cannot provide microfinance, said Sada Reddy, the governor of the Reserve Bank of Fiji.
Core business for core financial institutions
Core financial institutions should not be allowed to undertake excessively risky positions such as naked short-selling, says a draft report from a UN commission.
Norway's Gjedrem: SWF woes will ease with time
The Government Pension Fund is a long-term savings plan and capable of riding out large swings in the markets, said Svein Gjedrem, the governor of the Norges Bank.
SDR a better global currency: IMF's Lipsky
A senior International Monetary Fund (IMF) official has said that its Special Drawing Right (SDR) is a viable global reserve currency with many benefits.
Reserve Bank of Australia - Annual Report 2008
The Reserve Bank of Australia reviewed and restructured its currency activities during 2008, says Glenn Stevens, the governor of the central bank in its latest Annual Report.
Iceland's losses soar on back of writedowns
The Central Bank of Iceland made a Ikr8.63 billion ($69m) loss in 2008 after it wrote off Ikr75 billion ($607m) in collateral loans following the collapse of the country's banking sector.
Fed to hire ex-Enron lobbyist?
The Federal Reserve is set to hire a former Enron lobbyist to defend itself against Congressional charges of opacity, it was reported on Friday.
NY Fed's Dudley plays down balance-sheet fears
William Dudley, the president of the New York Federal Reserve, has attempted to soothe fears that the expansion of the Fed's balance sheet could stoke inflation.
Cuba gets first new governor in 14 years
Ernesto Medina, the head of one of Cuba's major banks, has replaced Francisco Soberon as governor of the central bank.