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Sweden's Ingves on the crisis and beyond
"Despite the gloomy outlook for next year, there is still some light at the end of the tunnel," said the governor of Sweden's central bank in a new year's eve post.
HKMA's Yam outlook for 2009
The chief executive of the Hong Kong Monetary Authority set out why he thinks 2009 will be a "challenging" year.
Should financial economists still get Nobels?
Pablo Triana, a derivatives consultant and author, has written to the Swedish central bank, asking them to stop awarding Nobel prizes in economics to "flawed, unworldly, and dangerous theoretical finance constructs."
Chilean paper on inflation persistence
This paper measures persistence of inflation in Chile and finds that it has increased sharply in recent years.
RBNZ bulletin on liquidity issues
The Reserve Bank of New Zealand's December Bulletin is built around the theme of liquidity and New Zealand's financial markets.
Fed paper on subprime mortgages
This Federal Reserve working paper models the historical default and prepayment behaviour for subprime mortgages using data on securitised mortgages originated from 2000 to 2007.
A note from El Salvador
The dollarisation of El Salvador's economy has brought relative calm to the Central American economy. But it will not be able to completely avoid the collateral damage from a slump in the United States, says Steve H. Hanke, a professor of applied…
Fed announces January start to MBS programme
The Federal Reserve on Tuesday announced that it will start the operations of its programme to purchase mortgage-backed securities (MBS) in early January.
Obama nominee underlines change at the Fed
The nomination of Daniel Tarullo, law professor at Georgetown University and regulation expert, to the Board of Governors of the Federal Reserve provides early evidence of the way the central bank is being reshaped in the aftermath of the financial…
Zeti back further stimulus
Malaysia is unlikely to slip into recession despite slowing exports, but the economy may require another round of stimulus measures, the country's central bank chief said on Wednesday.
Vienna poised to take control of Bank Medici
The Austrian government is preparing to take control of Bank Medici, a Vienna-based private bank, which has revealed losses on funds that invested with Bernard Madoff, the disgraced financier.
Albanian banks resilient - Fullani
The Albanian banking system has shown "admirable resilience" in the face of the global financial turmoil, said Ardian Fullani, the governor of the Bank of Albania.
ECB warns of "downbeat attitude" on SEPA
The European Central Bank has published its sixth progress report on the implementation of the Single Euro Payments Area.
Fund calls for fiscal expansion
This staff position note by the International Monetary Fund outlines the characteristics of the fiscal stimulus the Fund is calling for to revive the global economy.
Rogoff and Reinhart on the aftermath of crises
A new paper by Kenneth Rogoff and Carmen Reinhart provides an historical analysis of the aftermath of systemic banking crises.
Korean state-owned entities to the rescue
The Financial Services Commission (FSC) in Korea has unveiled a financial rescue plan for 2009 aimed at helping local banks improve their balance sheets and reduce their exposure to bad debt.
ECB sees uncertainty and weak economy in 2009
Two members of the European Central Bank's (ECB) governing council on Tuesday expressed concerns over the outlook for the European economy in 2009.
Sterling edges towards euro parity
The dramatic decline in the value of the British currency showed few signs of abating as it edged towards parity with the euro on Wednesday.
Sri Lankan CB takes over private bank
The Central Bank of Sri Lanka has taken over Seylan Bank, the second largest commercial bank in the country.
GM finance arm gets TARP funding
The finance arm of General Motors, the embattled US automaker, has received financial support under the US Treasury's Troubled Assets Relief Programme (TARP) after gaining approval from the Federal Reserve to become a bank holding company.
Explaining interest-rate spreads
This paper uses a time series econometric framework to determine the structural determinants of the spread between the European Overnight Rate and the European Central Bank's Policy Rate from mid-2004 to mid-2006.
Revisiting the Balassa-Samuelson effect
This paper by the Bank for International Settlements estimates the Balassa-Samuelson effects for 11 countries in Central and Eastern Europe.
Trichet on the euro
In this interview, Jean-Claude Trichet, the president of the European Central Bank, discusses various developments surrounding the euro.
Japanese economy to stay weak - report
The Bank of Japan's latest monthly report on financial and economic conditions paints a gloomy picture of the outlook for the world second largest economy.