Central Banks
Dutch central bank takes over floundering DSB
The Netherlands Bank takes control of teetering domestic lender Dirk Scheringa Beheer after consortium talks fail; says it will guarantee deposits
Cautious MAS maintains zero appreciation policy
The Monetary Authority of Singapore pledges to maintain its policy of zero appreciation [of the Singapore dollar’s nominal exchange rate] as confidence in global rebound wanes
Nigeria’s banking landscape set to change: Sanusi
The governor of the Central Bank of Nigeria says the ongoing clean-up will lead to a reduction in the number of large banks
Nobel prize for pioneers of economics governance
Swedish Academy of Sciences shuns orthodoxy to award 2009 prize for work on institutions not markets
Bernanke sets out tightening strategy
Fed Chairman outlines measures that can be taken to ease inflationary pressure
Central banks must guard independence – IMF
International Monetary Fund says the risk of losses from unconventional policies can pose challenges to financial independence
Canada taking “hard look” at price-level target
Bank of Canada’s Paul Jenkins says central bank undertaking “considerable study” on pros and cons of price-level targeting
Reserve Bank of New Zealand - Annual Report 08/09
Governor of the Reserve Bank of New Zealand says the country dealt with the crisis fairly well, but risks remain
UK opposition leader interferes in Bank policy
David Cameron, leader of the opposition Conservative party, says “the government” will have to stop printing money
Securitisation not to blame for the crisis: Fed’s Tarullo
Federal Reserve’s Daniel Tarullo also reiterates calls for an oversight council
Monitoring can prevent crisis
International Monetary Fund looks at role of uncertainty in contagion during a financial crisis
Fed’s Lacker: economics key for financial education
Richmond Federal Reserve’s Jeffrey Lacker says financial education programs should include economics
Network analysis key to understanding crisis: ECB’s Tumpel-Gugerell
Gertrude Tumpel-Gugerell, ECB executive board member, emphasises the magnitude of contagion in the financial system
IMF disputes reserves’ role in shoring up stability
International Monetary Fund says large reserves stockpile didn’t help weather the crisis
Islamic finance inherently robust: Malaysia’s Zeti
Malaysia’s central bank governor says fundamental Islamic principles set out a resilient strategy for risk management
Asian central banks propping up dollar: reports
Central banks buying dollars to prevent local currencies from appreciating against greenback
Estonia to meet eurozone inflation target by end of 09
Baltic state “eager and willing” to fulfil Maastricht criteria, says central bank economist
Lats peg under spotlight once again
Rumours of devaluation resurface following government move to limit debt burden, but state officials say will maintain euro peg
Tips are good inflation hedge
Boston Federal Reserve says Tips hedge well against inflation risk
China’s consumption key for crisis exit
International Monetary Fund says global recovery needs China and Japan to strengthen domestic consumption