Financial Stability
IMF board backs global imbalances plan
The board of the International Monetary Fund (IMF) has backed a plan for conducting multilateral surveillance aimed at reducing global imbalances.
New Zealand breaks with the Brash era
Going for growth will come back to haunt the Reserve Bank and its governor, writes Rodney Dickens
A crisis of identity
The loss of its managing director could not have come at a worse time for an IMF looking to remodel itself. Klaus Engelen reports
How to manage system risks
Many central banks can forget best-of-breed solutions for IT systems. Terry Beadle offers some realistic proposals
Does the global output gap matter?
Recent studies point to the increasing importance of global economic forces for domestic inflation. But policymakers are far from convinced, writes Assistant Editor Malan Rietveld
News analysis: Gulf economies: divided we stand
Kuwait’s decision to loosen its dollar peg may herald an era of greater national economic independence in the Gulf, writes Narayan Lakshman.
Scorecard for Bulgaria’s currency board
After ten years of running under a new law, Bulgaria’s central bank can be proud of its record, writes Steve Hanke
China's first payment system development report
The People's Bank of China issued the first report on developments in the country's payment systems on Tuesday. The report reveals the progress, relevant data and the future policy orientation of the payment systems in the country.
Philippines: e-rediscouting system
In a speech made on the launch of an electronic rediscounting system, Amando Tetangco Jr, governor of the central bank of the Philippines, said that the system would expand access to credit of countryside areas in the Mindanao region.
Trichet: no complacency on sub-prime markets
In an interview Jean-Claude Trichet, president of the European Central Bank, said he remained cautious of the crisis of the sub-prime market in the United States.
Forces shaping payments markets - report
The August letter from the Chicago Fed summarises the major findings from a recent conference on changes in payments systems.
ECB calls for new debit card schemes
The European Central Bank (ECB) would like to see the emergence of new debit card schemes to rival the dominance of Maestro.
RBA's Stevens on the Asian crisis
The Asian crisis dramatically changed thinking about the nature of economic and financial crises, the policies for dealing with them, and the role of the various bodies charged with fostering economic and financial stability, explains Glenn Stevens, a…
BIS report on foreign exchange settlement risk
A new report from the BIS surveys foreign exchange settlement risk in over 100 banks and other institutions active in forex markets.
Financial-stability stress testing at BoE
Nigel Jenkinson, an executive director at the Bank of England, set out plans for a suite of models to map the effects of financial system stress.
Turkey's payment systems
The Bank for International Settlements (BIS) published a report on payments systems in Turkey on 3 July.
Shift to e-payments leads to Fed job cuts
The US Federal Reserve reductions in cheque processing is likely to result in more than 210 jobs being cut at the Minneapolis Fed, as consumers shift from paper checks to electronic payments.
ECB's Gonzalez-Paramo on financial stability
In this speech delivered in Istanbul on 28 June 2007, Jose Manuel Gonzalez-Paramo, a member of the Executive Board of the European Central Bank, admits that the "analytical foundations are relatively new, as evidenced by the absence of a universally…
ECB's financial stability review
The European Central Bank published its biennial overview of sources of risk and vulnerability for financial stability in June.
Fed to streamline cheque processing
As consumers shift to electronic payments, the Federal Reserve Banks set out plans to streamline cheque processing.
RBA's Lowe on the 2007/08 review of payments
Speaking at the 4th International Consumer Credit Card Summit in Sydney, Philip Lowe set out the Payment System Board's plans for its review this year.