Central Banks
Buba paper on circulation of German euro banknotes
Bundesbank study estimates two-thirds of Germany-issued euro banknotes are in circulation outside Germany
Communication on employment key to Fed credibility: Kocherlakota
Minneapolis Federal Reserve president Narayana Kocherlakota says difficulties in quantifying maximum employment pose challenges for FOMC
Global financial linkages amplified US shocks: IMF paper
Fund study says close financial and trade links between Europe and US magnified effects of US housing market bubble
FSB identifies areas for possible further shadow-banking regulation
Financial Stability Board highlights five areas needing more work to help gauge the case for further regulatory action concerning shadow banking
Buba’s Weidmann welcomes new president of Hanover branch
Stephan Freiherr von Stenglin is new president of regional branch; takes over from Werner Ehlers who retires
New York Fed announces two new directors
Glenn Hutchins and Terry Lundgren appointed as Class B directors
Vote now: Are central banks losing their independence?
CentralBanking.com is running a poll on whether central banks are losing their independence
Global risks impacting outlook for Thailand: governor
Prasarn Trairatvorakul relates optimism for Thai economy but warns on future export performance
ECB foreign reserve managers need different incentives; working paper
Research suggests new rewards system for foreign reserve managers would help align results with ECB preferred outcomes
Riksbank paper investigates sectoral inflation
Working paper suggests flaws in past research on the topic
Spain learns from the past; working paper
Analysis of monetary system in the 1800s shows contraction in the money supply had a milder effect on the economy than expected
UK jets deliver currency to Libya
Royal Air Force flies banknotes to Central Bank of Libya in Benghazi
Brazil cuts benchmark rate in surprise move
Monetary Policy Committee drops benchmark interest rate from 12.5% to 12% in unexpected decision
Japan’s new prime minister to tackle economic recovery
Ambitious monetary policy likely to continue as Yoshihiko Noda takes over as prime minister of Japan
European Commission establishes payment systems market expert group
European Commission seeks help from experts on payments system legislation and policy initiatives
Bank of Russia – Banking Supervision Report 2010
Annual report indicates return to growth in Russia and normalisation of liquidity in banks led to stable exit from crisis policy measures
‘Astronomical’ Chinese reserves under scrutiny: Fed paper
Federal Reserve Bank of St. Louis working paper highlights drawbacks to current global-imbalance literature when trying to assess situation in China
Tail risks and contract design: BoE paper
Bank’s Fisher calls for further debate on where tail risks should be held as leveraged financial institutions pose larger systemic risks
Education and payments system top priorities in Papua New Guinea
Governor of the central bank puts financial inclusion for all and better payments systems at the top of his agenda