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Bernanke wants shadow-bank failure framework
A resolution regime for systematically-important non-bank financial entities is needed, said Ben Bernanke, the chairman of the Federal Reserve.
Malawi's Nkosi encourages rural credit access
Commercial banks should come up with strategies and plans for a greater access to credit by rural communities and other banking services for Malawian entrepreneurs, said Mary Nkosi, the deputy governor of the Reserve Bank of Malawi, has said.
Household consumption key for rate riddle
Households' consumption habits explain the uncovered interest rate parity puzzle, a new paper from the Bank of England reveals.
Switzerland's Jordan counters currency critics
The Swiss National Bank's foreign-currency measures should not be misinterpreted as a 'beggar-thy-neighbour' policy, said Thomas Jordan, a member of the central bank's governing board.
SARB's Mboweni advocates common sense
Financial and risk modelling should continue to play a role in future but it should be better balanced by basic business common sense, said Tito Mboweni, the governor of the South African Reserve Bank.
Albania needs core inflation reporting
Core inflation reporting and analysis should be included in the Bank of Albania's periodical reports on monetary policy, a paper from the central bank finds.
Globalisation accelerated IMF's reaction
The pace of the International Monetary Fund's (IMF) crisis responses has increased with the rise of financial globalisation, a new research from the Central Bank of Chile shows.
Rules alone will not stop crises: Rajan, White
Raghuram Rajan and William White, two highly-regarded economists, have said that regulation - whether it was tighter, less pro-cyclical or more systemic - would not prevent future crises unless fundamental structural and behavioural changes were made to…
Estonia to meet Maastricht criteria in 2009
Andres Lipstok, the governor of the Bank of Estonia, has said that the country will meet all the Maastricht criteria for euro entry later this year, reports say.
Reforming regulation: how urgent, how effective?
Participants in a conference hosted by the London School of Economics and Deutsche Bank in London on Thursday were split over whether there was substance to regulatory buzzwords such as countercyclical supervision and utility-based banking.
Turkish rates hit record low
The Central Bank of Turkey's decision to lower its benchmark rate by a full percentage point on Thursday took borrowing costs in the country at an all-time low.
A labour model for inflation dynamics
A model with sticky nominal wages and right-to-manage bargaining best captures the response of inflation to nominal labour shocks, a new paper from the Philadelphia Federal Reserve posits.
Global economy to shrink by 0.5-1%: IMF
The International Monetary Fund (IMF) has again lowered its growth estimates, saying that it now sees a contraction of 0.5% to 1% in global activity.
Bank to begin buying corporate bonds next week
The Bank of England said on Thursday that it would begin buying corporate bonds outright next week.
Iceland's new MPC cuts by 100bp in first decision
The Central Bank of Iceland's Monetary Policy Committee, set up earlier this month, has cut the key policy rate by a full percentage point to 17%.
Fed feedback: bombshell welcomed but some concern
Reaction to the Federal Open Market Committee's decision to buy Treasuries has been broadly positive but some are concerned by the apparent rashness of a decision about which Fed officials had given scant indication.
RBA's Edey: regulation determined risk taking
Financial regulation unintentionally shaped the excessive risk-taking that occurred in the run up to the credit crisis, said Malcolm Edey, the assistant governor of the Reserve Bank of Australia.
Monetary policy can affect fiscal spillover
Interventions by central banks can impact the magnitude and nature of a spillover from regional fiscal policy, a new paper from Banque de France posits.
Japanese outlook grim
Economic conditions have deteriorated significantly and are likely to continue doing so for the time being, notes the Bank of Japan in its latest Monthly Report on economic and financial developments.
Morgan Stanley economist new MPC member
Alistair Darling, the chancellor of the exchequer, announced on Thursday that David Miles will replace David Blanchflower as an external member of the Bank of England's Monetary Policy Committee (MPC) on 1 June.
Buba's Weber: no surprise states keen on euro
It is no wonder that many of those in small boats are seeking to dock in the large ship European economic and monetary union (EMU), said Axel Weber, the president of the Bundesbank.
BoE unanimous on March decision
The minutes from the March meeting of the Bank of England's Monetary Policy Committee show members voted unanimously to cut bank rate by 50 basis points to a fresh all-time low of 0.5% and to buy £75 billion-worth ($104.8 billion) of assets using central…
Phillips curve remains an enigma
The understanding of what underlies the correlation between unemployment and the inflation rate is constantly changing, a new paper from the Richmond Federal Reserve.