Central Banks
US Treasury ends money market guarantee
The program served its purposes of fomenting stability, and is being retired as the risk of a meltdown has passed, says Treasury secretary Geithner
Linking saving ratios and current account balances
Key differences in saving and investment ratios explain current account balances, but experiences still differ by region says an article published by the Reserve Bank of Australia
French banks resilient in crisis but hurdles remain
French banks have weathered the crisis through a diversified model and well-managed risk but many challenges remain, argues research published by the International Monetary Fund
Reasons for renminbi undervaluation disputed
Undervaluation of the renminbi is impenetrable as a result of the lack of clarity in academic literature, argues Bank of Finland paper
Aussie dividend highest in history on bumper profit
Reserve Bank of Australia to pay record dividend in its 49-year history after profiting from currency gains
Temasek profits slide
Profits down 66% after bleak year for Singapore’s sovereign wealth fund
Japan says economy "showing signs of recovery"
Monetary policy statement takes a cautiously optimistic outlook in comparison to preceding months
Ireland to spend €77 billion on bad banks
Ireland’s finance minister Brian Lenihan says funds will be split between five institutions
Bank of England survey shows drop in overall satisfaction
Inflation Attitudes Survey also shows gap between public perception and real rates
Belgium and euro area will not face deflation
Policymakers’ swift adoption of expansionary policies will prevent Belgian and Euro area economies from spiralling deep into deflation, argues the National Bank of Belgium
Fed’s Hoenig outlines resolution schema for too-big-to-fail
Kansas City Federal Reserve’s Thomas Hoenig and two economists prepare legal process for failure
Fiscal measures must be taken off central banks’ books: IMF
International Monetary Fund’s executive board wants all quasi-fiscal activity to be moved onto government balance sheets
Finland names head of transition unit
The Bank of Finland Institute for Economies in Transition gets a new chief
The real effects of financial risk
Research estimates the magnitude of key effects on the real economy from financial sector stress
King cautious on recovery
Bank of England’s Mervyn King warns return to trend growth will be slow and protracted, much to be done on regulation
Fed names new regional chairs
Washington-based board announces heads of twelve Federal Reserve banks for 2010
Libor spread sinks to pre-crisis levels
Libor-OIS spread for three-month dollar loans retreats to its summer 2007 level as confidence continues to grow
Iceland names new chief economist
Thórarinn Pétursson to head economics division at the Central Bank of Iceland
Bahrain trims rates
Central Bank of Bahrain cuts rates for first time since December, offers month-long dollar loans
Obstfeld on global monetary reform
Berkeley economist says International Monetary Fund may be right organisation to act as a global lender of last resort
How competition influences bank failures
Bank of Finland uses evidence from Russia to investigate link between competition and failure
Monetary policy and the Jordanian central bank
Research charts the impact of central bank independence on policy
No, the markets are not in state of hysteria about US inflation
Brendan Brown, the chief economist at Mitsubishi UFJ, asks if fears of prices exploding in the US are as irrational as some suggest
Palestine launches hybrid payments system
Palestine Monetary Authority’s new interbank payments system described as development towards statehood