Financial Stability
Nigeria pledge on bank failures
Lamido Sanusi, Nigeria's new central bank governor, announces new measures to prevent commercial bank failure
On the effects of FX settlement on liquidity
Research investigates impact of transactions carried out by large cross-border banks
Housing conditions holding up in West Virginia
Richmond Federal Reserve report shows market in West Virginia has largely remained stronger than those in the rest of the US
Reserve Bank of India – Annual Report 2008-2009
Reserve Bank of India’s latest Annual Report says monetary policy should look at asset bubbles and leverage
Early warning models doomed to fail
San Francisco Federal Reserve research is sceptical about the effectiveness of early warning systems in predicting the timing of crises
Malaysia’s Zeti: bond market key to keeping savings
Bank Negara Malaysia’s Zeti Akhtar Aziz says a robust Asian debt market is crucial for investments to remain region
Asian finance to grow despite turmoil
Hong Kong Monetary Authority says Asia’s financial systems will expand despite the impact of the global crisis
Bernanke victim of identity fraud
Fed chairman Ben Bernanke’s bank account hit by fraudsters after his wife’s purse is nabbed
IMF says yes to second Latvia loan
International Monetary Fund gives Latvia a second pay-out under the economic programme set up in December
T&T’s Williams – financial education in schools needed
Central Bank of Trinidad and Tobago’s Ewart Williams says financial education should be the school curriculum
Zeti: Islamic finance passed the crisis test
Bank Negara Malaysia’s Zeti Akhtar Aziz says the strength of Islamic finance was tested during the global financial crisis
Fed wants delay on release of loan details
Federal Reserve says naming loan recipients would hinder its ability to manage current and future crises
Gudmundsson on Iceland’s future
New governor Már Gudmundsson says cross-border banking in Iceland should largely be banned until system is made safer by euro membership
RBA upholds interchange fee freeze
Reserve Bank of Australia keeps interchange fees regulate, saying industry has not sufficient progressed in increasing the competition
Gudmundsson on Iceland’s collapse and recovery
Már Gudmundsson, the governor of the Central Bank of Iceland, discusses the authority’s rebuilding efforts and whether euro membership is right for them
Trichet: asset prices impact policy
European Central Bank’s Jean-Claude Trichet says that asset-price dynamics impact the central bank’s policy decisions
Monetary policy needs financial analysis
European Central Bank says globalisation of financial markets over the past 25 years has had major implications for the conduct of monetary policy
Emerging-market shocks have mixed results on US assets
Bank of England looks at international financial transmission between emerging and mature markets
Bank’s Bean: give us some credit
Bank of England deputy governor Charlie Bean says economists must put credit back into economics in a “meaningful” way
Clearing and settlement not keeping up: SNB’s Hildebrand
Swiss National Bank’s Philipp Hildebrand says system must develop apace to reflect innovation
Fischer heralds shift to “flexible” inflation targeting
Bank of Israel’s Stanley Fischer tells Jackson Hole audience that inflation targeting will survive the crisis. More downbeat on global imbalances
Canada’s Carney backs price-level target
Bank of Canada’s Mark Carney says maintaining economic stability may require rethink on monetary policy
Fed’s Madigan: five lessons for crisis management
Federal Reserve’s markets chief Brian Madigan says Walter Bagehot’s central tenet remains relevant
Chile’s De Gregorio on reform
Central Bank of Chile’s Jose De Gregorio says financial reforms should target incentives of financial intermediaries’ management