Central Banks
Europe contributed to global savings glut: Fed paper
Federal Reserve study says European demand for US securities helped push US Treasury yields lower
RBI aims to cut reliance on banknote paper imports by half with new mill
Reserve Bank of India governor Duvvuri Subbarao says new state-of-the-art paper mill will cut imports for banknote paper by “more than half”
Coene to take the helm at Belgian central bank
National Bank of Belgium vice-governor Luc Coene to succeed Guy Quaden
Economist nominated as new member of SNB Bank Council
Former New York Fed economist Cédric Tille set to join Swiss National Bank at the end of April
BoE - Agents' Summary of Business Conditions (February 2011)
The Bank of England’s February 2011 Agents' Summary of Business Conditions finds evidence of moderate pick-up in retail sales
China’s financial system, not renminbi, source of imbalances: St Louis Fed paper
St Louis Federal Reserve study says revaluation of renminbi will not address source of trade imbalances and may prove counterproductive
Japan’s Yamaguchi: recovery reignited by exports
Bank of Japan deputy governor Hirohide Yamaguchi says country is beginning to exit a temporary slump in exports
Riksbank paper on new DSGE algorithm
Riksbank study documents new forecasting algorithm for monetary policy model
Return to Glass-Steagall essential: Kansas City Fed’s Hoenig
Kansas City Federal Reserve president Thomas Hoenig says reform only scratches the surface without basic separation of investment, commercial banking activity for biggest banks
Higher capital rules don’t restrict capacity to lend: Bank’s Miles
Bank of England external rate-setter David Miles takes issue with linking tougher capital stance to reduced ability to lend; says Bank should not rush to temper inflation
Belgium’s Quaden quits
National Bank of Belgium governor Guy Quaden to leave in March; continued lack of unity in government raises concerns over central bank’s leadership
Look to global output gap: St. Louis Fed’s Bullard
St. Louis Federal Reserve president James Bullard says policymakers should look to global output gap for true measure of domestic inflation
Bank of Israel in the red by $4.9 billion
Israeli central bank reports loss for 2010; follows modest profit of $382 million in 2009
Bank’s chief economist joins dissenters on rate hike
Bank of England chief economist Spencer Dale votes for rate hike; analysts say outlook remains unclear given persisting weakness in data
RBNZ triggers contingency plans as earthquake strikes
Reserve Bank of New Zealand says it is collaborating with private sector to provide cash to earthquake-hit areas
Bank’s Tucker: crisis shames us all
Bank of England deputy governor Paul Tucker says financial crisis was worst moment in officials’ lives
Choice of payment method affects inflation: Bank of Canada paper:
Bank of Canada study charts influence of credit purchases on inflation, monetary policy
Australia’s Stevens uncertain on response to commodity boom
Reserve Bank of Australia governor Glenn Stevens concerned over appropriate policy response to commodity boom
No energy pass-through to headline inflation: St Louis Fed paper
St Louis Federal Reserve study finds no pass-through effect from energy prices to trend headline inflation
UK FSA’s Turner calls for more radical reform
Financial Services Authority chairman Adair Turner argues that only if reform tempers the cyclical nature of credit and asset cycles can it truly be regarded as successful
Countercyclical buffer could be big help to output: BIS paper
Research by the Bank for International Settlements says Basel III’s countercyclical capital buffer could have “sizable” hand in preventing output falls
UK FSA’s Ross nominated for Esma executive role
UK Financial Services Authority's Verena Ross nominated for executive director role at pan-European markets regulator; banking, pensions authority to reveal their picks in coming week