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ECB's Gonzalez-Paramo on CBs and supervisors
A very close and smooth interplay between central banking and the supervisory communities is crucial, said Jose Manuel Gonzalez-Paramo, a member of the European Central Bank's executive board.
Inflation dynamics uncovered
A new paper from the Kansas City Federal Reserve examines the dynamics of various measures of national, regional and global inflation.
Monetary policy should consider intermediaries
The size of the balance sheets of market-based financial intermediaries are important macroeconomic state variables for monetary policy, finds a paper published by the New York Federal Reserve.
London's lifelines lack coherence
The dangerously mixed messages underlying the British government's rescue attempts threaten to derail efforts to secure stability, argues Robert Pringle, the editor-in-chief of Central Banking journal.
Hungary cuts on fears of "sharp downturn"
The National Bank of Hungary on Monday lowered rates for the third time since the start of December on signs of a more severe-than-expected economic slowdown.
Serbia's Jelasic: savings a priority
An increase in domestic savings should be key domestic priority in 2009, said Radovan Jelasic, the governor of the National Bank of Serbia.
Tuvalu applies for IMF membership
Tuvalu is looking to become the 186th member country of the International Monetary Fund (IMF).
Saudi, UAE cut by 50 basis points
The Saudi Arabian Monetary Agency (SAMA) and the Central Bank of the United Arab Emirates (UAE) both cut their benchmark rates by half a point on Monday on signs that growth in the two economies, both of which rely heavily on oil exports, will slow in…
IMF lends to El Salvador, Serbia
The International Monetary Fund (IMF) on Friday said it would loan more than $1 billion to Serbia and El Salvador to ward off the threat of financial instability.
Bank granted new powers to aid markets
The Bank of England has been given new powers, including the potential to undertake quantitative easing, as part of renewed efforts to safeguard the financial system, announced by the British Treasury on Monday.
Trichet calls for a new economic paradigm
A paradigm change in the global economy is needed, said Jean-Claude Trichet, the president of the European Central Bank.
Government should not give in to fear
The government should not capitulate when the public shows an excessive fear towards risk, says a new paper from Harvard's John F. Kennedy School of Government.
Hard-to-value assets halt investment - Fed's Kohn
The large quantity of hard-to-value assets remaining on financial institutions' balance sheets is acting as a barrier to private investment, said Donald Kohn, the vice-chairman of the Federal Reserve.
BoE's Gieve: market signals mixed
The fortunes of the financial markets in the New Year have been mixed, said Sir John Gieve, the deputy governor of the Bank of England.
Turkey slashes to record low as growth slumps
The Central Bank of Turkey on Thursday chopped two percentage points off its benchmark rates, taking the measures to their lowest-ever levels.
Basel Committee bids to strengthen Basel II
The Basel Committee on Banking Supervision on Friday issued a string of draft measures aimed at enhancing the Basel II capital framework in light of the credit crunch.
BoA rescued as Congress grants $350bn for Tarp
Washington has granted Bank of America, the United States's third-largest lender, up to $138 billion in federal aid on signs that a batch of assets taken onto the lender's balance sheet following its buyout of failed investment bank Merrill Lynch could…
Dublin nationalises third-largest lender
The Irish authorities on Thursday took control of Anglo Irish, the country's third-largest lender, on fears that negative market sentiment could spark a run on the bank.
Zim to set denomination record for issued note
The Reserve Bank of Zimbabwe is to introduce the highest-ever denomination issued note - worth Z$100 trillion.
SNB's Jordan: recession unavoidable
A recession appears unavoidable for the Swiss economy in 2009, said Thomas Jordan, a member of the governing board of the Swiss National Bank.
Denmark slashes on back of ECB move
The National Bank of Denmark lopped three-quarters of a percentage point of its key rate on Thursday in response to the European Central Bank's (ECB) move.
Rouble at fresh low as devaluation continues apace
The rouble slumped to a record low against the greenback on Thursday as the country's central bank stepped up its devaluation of the currency.
Innovation impacts money demand
Technological developments affect average money holding and interest elasticity of money demand, research from the Bank of Italy notes.
Philippines' Tetangco: 2009 will be critical
Philippines ended 2008 fairly unharmed from the global financial turmoil but 2009 is critical, said Amando Tetangco, the governor of the Central Bank of the Philippines.