Central Banks
Early monetary exit risks return to recession: KC fed paper
Kansas City Federal Reserve study shows an early monetary policy exit can lead to a double-dip recession
Bank of Israel narrow forum backs rate hold
Bank of Israel minutes show narrow forum monetary policy members were unanimous over decision to hold rates due to domestic and global outlook
Germany names Asmussen as Stark’s successor
Germany’s finance minister, Wolfgang Schäuble, nominates his deputy Jörg Asmussen to replace Jürgen Stark on the European Central Bank’s executive board
BoJ minutes outline central bank's QE strategy
Bank of Japan minutes show boost in asset purchase programme aimed to influence longer end of yield curve; confirms intervention in yen foreign exchange markets
Stark resignation marks turbulence at ECB
European Central Bank executive board member Jürgen Stark steps down as tensions flare in Frankfurt
Innovation in payments systems: Fed’s Lacker
Jeffrey Lacker discusses central bank's role in payments systems innovation
Mauritius launches 'overdue' cheque truncation system
Bank of Mauritius governor Rundheersing Bheenick says internal turf battles delayed launch of new cheque truncation system
Lagarde adds to pressure on G-7 meet
Lagarde calls for global action; Canada set to raise dissatisfaction with Swiss franc exchange rate limit at G-7 gathering in France
China moves closer to renminbi inclusion in SDR
Comments by Chinese officials hinting renminbi will be fully convertible by 2015 open door to inclusion of currency in IMF’s special drawing rights basket
Bernanke stays tight lipped on further stimulus
Ben Bernanke disappoints once again with bland speech; offers no hint of future stimulus
Carstens content with Mexican position
Governor of Mexican central bank says country is in a strong policy position; ready to act if global economy worsens
Philadelphia Fed replaces inaugural Economic Advisory Council members
Teresa Bryce Bazemore, Cheryl Feldman and Edward Graham named as new Economic Advisory Council members
Trichet reacts angrily to criticism
European Central Bank president Jean-Claude Trichet rejects attack by German politician on bond-buying programme; ECB and Bank of England both hold interest rates as global outlook worsens
The future of central banking: CB.com panel
Robert Pringle moderates a panel assessing the future of central banking in a post-financial crisis world
OECD asks central banks to hold rates
OECD asks for rates hold and revises growth forecasts downwards; chief economist says further QE in the US "could be appropriate”
Case for QE3 mounts as US economy weakens
Federal Reserve presidents Charles Evans and John Williams make case for further quantitative easing, as latest Beige Book report reaffirms slowdown in US economic activity
CNB’s Hampl: debt reduction is only solution to sovereign crisis
Czech National Bank vice-governor Mojmír Hampl, says some form of debt reduction is needed to resolve the European sovereign debt crisis
Clear central bank communication facilitates greater policy flexibility: IMF paper
Fund study shows clear central bank communication can reduce inflation and interest rate volatility
Libyan gold sold as Gaddafi regime ended
“Official” central bank assets safe, says new central bank governor; former dictator sold 29 tonnes of gold as opposition closed in
Market conditions factor in liquidity costs: ECB paper
European Central Bank study shows price of liquidity systematically depends on bank characteristics and market conditions
German courts stand by Greece bailout
Federal constitutional court rules Greece bailout as legal; clears way for establishment of eurozone bailout vehicle; says parliamentary budget committee must authorise future budgetary plans