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US output gap may be smaller than thought

That core inflation has fallen relatively little indicates that there is less slack in the American economy, and thus a smaller output gap, than standard estimates predict, research published by the San Francisco Federal Reserve posits.

Inflation outlook leaves scope for RBA cuts

Members of the Reserve Bank of Australia's rate-setting board saw no pressing case for further monetary stimulus but concurred that the inflation outlook left scope for cuts if required, the minutes of this month's policy meeting show

Risk deficiencies common to all

The financial crisis and ensuing recession have revealed deficiencies in risk management in both systemically-important financial firms and community banks, Daniel Tarullo, a governor at the Federal Reserve, has said.

Bank of Guyana - Annual Report 2008

Strong growth in the mining, engineering and construction industries boosted Guyana's economic performance in 2008, the latest Annual Report from the country's central bank reveals.

Ex-Fed's Volcker backs global currency

Paul Volcker, a former Federal Reserve chairman, on Thursday argued that the "ultimate logic" of an international financial system was a world currency, but acknowledged that there were no credible alternatives to the dollar for "many tomorrows".

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