Central Banks
Kuwait selects new governor from outside country's ruling family
Mohammed Al-Hashel takes over as governor; has been acting governor since Sheikh Salem Abdul Aziz Al-Sabah’s resignation last month
IMF working paper links democracy and GDP growth
International Monetary Fund researchers conclude that income inequality is key driver to the emergence of open societies
UK FPC member believes drivers of risk need to change
New regulatory frameworks are positive but only changes to incentives that drive risk can prevent a future crisis, says Michael Cohrs
Bank of Portugal paper explores optimal capital structure for businesses
Structure of optimal level of debt a key decision for business, says Bank of Portugal working paper
Finnish research finds Chinese growth is restricted by capital constraints
Bank of Finland research finds that despite reforms, borrowing restrictions continue to dampen growth prospects for Chinese corporations
ESRB assesses systemic risks to EU financial system
European Systemic Risk Board analyses key systemic risks to financial system in the EU; uncertainties surrounding sovereign debt and pressures on bank funding among top issues
Interim FPC attacks banks’ progress in raising capital
Interim Financial Policy Committee says banks have yet to accumulate capital levels that would “ensure resilience in the face of prospective risks”; committee also discusses macro-prudential tools
Namibia issues first new banknotes in 19 years
Bank of Namibia releases second issue of banknotes since country attained independence in 1990; new notes incorporate improved security features
Bernanke pays homage to predecessors
Chairman of the Federal Reserve remembers achievements of Paul Volcker and Alan Greenspan as he delivers second lecture to students
Central Bank of Brazil research investigates control amid rising inflation trends
Brazilian central bank publishes research showing the ability to simultaneously stabilise the inflation rate and the output gap reduces as inflation trend rises
IMF paper finds supply-side measures can help combat food price inflation
International Monetary Fund working paper suggests interest rate or administrative changes in emerging economies are unlikely to be as effective as supply-side initiatives
Former BoE deputy governor warns on unwinding QE
Unravelling never-before-seen levels of quantitative easing in the global system will be an unprecedented challenge, says John Gieve
SNB official claims minimum exchange rate improves quality of market
Policy of pegging value of Swiss franc relative to the euro has seen the exchange rate market improve substantially says central banker
RBA appoints new head of research
Alexandra Heath selected as head of economic research department at Reserve Bank of Australia
Israel’s Fischer defends banking costs
Stanley Fischer warns forcing banks to reduce fees could cause wider problems; says Israel must be "serious and not populist" in demands on banking sector
China and Australia sign A$30bn currency swap
Australia joins the ranks of central banks with a bilateral currency swap line with China; reflects increased use of renminbi and closer trading ties between the countries
Euro banknotes with Draghi’s signature enter circulation
Mario Draghi's signature appears on circulating euro banknotes as the ECB president expresses faith that situation in Europe is stabilising
Hildebrand joins Oxford University
Former Swiss central bank chief takes advisory role at Blavatnik School Of Government
Denmark releases annual report and appoints new directors
National Bank of Denmark annual report covers decision to relocate Royal Danish Mint and reveals profit fell last year; Jørgen Strandgaard and Kjeld Johannesen chosen as new directors