Financial Stability
IMF: central banks face unpopular choices in making up fiscal gap
An IMF study says central banks may come under pressure from governments to inflate their way out crisis
Korea's Kim joins push for update to central banks' mandates
Bank of Korea governor Kim Choong-soo calls for rethink on attachment to price stability; says central banks should be equally observant of financial stability
Bank of Italy economists propose fix for interbank stresses
Director of economic outlook and monetary policy department, and senior economist at Italian central bank say fix could alleviate liquidity strains
Market tensions prevail, Trichet warns
ECB president says financial sector still shows signs of stress despite the success of the central bank’s bond purchase program
Bernanke: US should not rely on safe haven status of dollar
Federal Reserve chairman Ben Bernanke said country should take measures to cut deficit despite unique role in global currency markets
NY Fed’s Sack on central banks’ role as liquidity providers
New York Fed markets chief Brian Sack says provision of liquidity to markets essential, but unconventional programs must be reviewed
Print more $2 bills, Taco Bell tells Fed
Marketing gimmick calls on customers to “appeal to” Fed to print more $2 notes
Asian economies not autonomous from Europe: IMF's Shinohara
Fund deputy managing director Naoyuki Shinohara touches on lessons from the crisis and how shocks in Europe reverberated in Asia
Boston Fed - Annual Report (2009)
Boston Federal Reserve's Annual Report shows economic difficulties persisted through last year
RBA's Stevens warns of high indebtedness in households sector
Reserve Bank of Australia governor Glenn Stevens discusses lessons from Europe's debt crisis
Irish CB “taking action” to fix flaws, says governor
Governor Patrick Honohan tells CentralBanking.com the institution is rectifying cultural and structural problems flagged by his report into central bank’s pre-crisis performance
Europe raring to go on CDS rules, bank taxes
Brussels praises the political dynamic behind move for tightened financial regulation as French president Nicolas Sarkozy and German chancellor Angela Merkel call on Commission to speed up work
Eurozone seals deal on bailout fund
European finance ministers come to agreement on bond guarantee facility to support continent's crisis-hit countries; bond markets reassured by move
Bank lending continues to decline in Japan
Bank of Japan data shows continued squeeze in lending between domestic institutions
Malaysia's Ghani on regulation during the crisis
Bank Negara Malaysia deputy governor Zamani Abdul Ghani says regulatory reforms served Malaysia well during the crisis
Kenya’s Ndung’u moves to allay fears over 'weakening shilling'
Kenyan central bank governor Njuguna Ndung’u says currency's ten-year low against dollar is a result of fallout from Greek crisis
Canada’s Carney praises ‘decisive’ ECB step
Bank of Canada governor Mark Carney lends support to European Central Bank’s disputed bond purchase programme; says fiscal, not monetary exit will be tricky
Ireland’s Honohan to criticise central bank’s role in crisis: reports
Irish media say report authored by central bank chief Patrick Honohan will charge his own institution and the financial regulator with having failed in the lead up to the country’s banking crisis
Sepa Council members meet for first time
Industry and central bank leaders meet to discuss end dates for migration and future of Sepa for cards at first official council meeting
France's Landau on how to deal with global imbalances
Banque de France second deputy governor Jean-Pierre Landau says debate should focus on removing policy-induced distortions
Philly Fed: central banks can do more to anchor inflation expectations
Philadelphia Federal Reserve study argues monetary authorities can better anchor inflation expectations by focusing on short term rates
Monetary policy did not cause crisis: Chile’s de Gregorio
Chilean central bank governor José de Gregorio points to financial innovation and liquidity transformation as chief causes of crisis; calls for multiple tools to protect both price and financial stability
Financial Stability Review – ECB
European Central Bank says bond purchase programme cut tail and contagion risk but eurozone governments have a sizable task ahead of them
Iceland – Financial Stability Review (June 2009)
Central bank flags cautious signs for optimism but warns that more is to be done