Financial Stability
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
Crisis highlighted importance of liquidity: Bernanke
Fed chairman uses Jackson Hole address to stress need for macroprudential approach
Bank of Canada - Summer Review
Bank of Canada publishes the latest issue of its economic review
RBA's Stevens sees closer Sino-Australian links
Reserve Bank of Australia’s Glenn Stevens says Australia should pay close attention to China’s economy as these the countries likely to integrate stronger in the future
US budget deficit forecast trimmed
US officials expect the 2009 fiscal deficit to be smaller than originally forecast, after scrapping money earmarked for further bank bailouts
BoJ’s Mizuno warns of fragile recovery
Bank of Japan’s rate-setter warns of fragile recovery, given concerns over external demand
RBA’s Stevens welcomes “distinctly better” outlook
Reserve Bank of Australia’s Glenn Stevens updates parliament on the economic outlook
Croatia’s Vujcic deputy on “unorthodox” regulation
Croatian National Bank’s Boris Vujcic outlines regulatory approach under euro dominance
Social capital aids stakeholder orientation
Norges Bank says banks located in communities with high social capital have a higher probability of survival
RBA’s Edey: don’t push banks into the shadows
Reserve Bank of Australia’s Malcolm Edey on getting the balance on tougher regulation right
Peru’s Velarde’s plays down BRIC currencies
Central Reserve Bank of Peru’s Julio Velarde on the future of the international monetary order
Turkey’s Turhan: globalisation needs legislative underpinning
Central Bank of Turkey’s Ibrahim Turhan on global economic order
China not sheltered from subprime
International Monetary Fund says China’s stock market is affected by the US subprime crisis
Fed extends Talf programme
The Federal Reserve extends key loan facility for asset-backed securities, soothing market concerns
Weber and Sanio fight back on HRE rescue
Bundesbank’s Axel Weber and BaFin’s Jochen Sanio say they did not mislead the public in the rescue of Hypo Real Estate
Northern Rock drops debt repayment
Northern Rock drops payment on part of its subordinated debt
South Africa to implement new reserves policy: Guma
South African Reserve Bank’s Xolile Guma on central bank’s role as wealth managers
India’s Mohan: regulation to tackle procyclicality of banks funding
Reserve Bank of India deputy governor, Rakesh Mohan, says reliance on short-term wholesale market funding increased the sensitivity of banks' balance sheets and cost of funds
BoE's Sentance sees recession ending soon
Bank of England’s Andrew Sentance sees recovery in UK and global economies, with Asia at the forefront
Rodrik: Fed needs paradigm shift
Harvard economists argues the new Fed chairman has to be less in awe of Wall Street