Central Banks
Fed’s Evans states case for independence
Chicago Federal Reserve’s Charles Evans warns Congress risks fuelling inflation if limits placed on Fed independence
Central banks on hold
Bank of England, Bank of Canada, Reserve Bank of New Zealand and Bank of Korea all keep policy fixed
Sounder banks’ borrowers get burned in mergers
Centre for Economic Policy Research (CEPR) looks to Japan for firm-level evidence on the real effects of bank bailouts
Remittances a potential tax base
International Monetary Fund investigates the impact of remittances on public-debt sustainability
India profited from tailored reform: Chakrabarty
Reserve Bank of India’s Kamalesh Chakrabarty says progressive but cautious policies contributed to financial stability amid international financial turbulence
ECB’s González-Páramo cautions on fiscal burden
European Central Bank's José Manuel González-Páramo says fiscal exit strategies need to start alongside economic recovery
Self-regulation has its limits: France’s Noyer
Banque de France’s Christian Noyer says turmoil has underlined weaknesses in financial sector’s ability to police itself
First consultations held on currency for East Africa
Bank of Tanzania hosts first meetings on plans for East African Monetary Union
Use political will to reform finance: Buba’s Weber
Bundesbank’s Axel Weber says political momentum should be utilised to reform global financial market architecture
A model for an economy's target value of assets
Centre for Economic Policy Research investigates global imbalances
UN agency calls for global monetary reform
UNCTAD says capital controls needed to curb financial excess, dollar’s role as global reserve currency “increasingly challenged”
Greenspan blames “human nature” for crunch
Former Federal Reserve chairman Alan Greenspan sceptical that another crisis can be avoided until humans learn to accept cyclical nature of capitalism
Card payments continue to soar
Latest World Payments Report sees non-cash payments growing to 250 billion
Triple A ratings safe for now
Moody’s says Aaa countries have stable outlooks
Banks agree to expand central clearing for derivatives
Fifteen banks commit to more central clearing for certain derivatives in bid to fix industry’s tarnished reputation
Gold prices breach $1,000
First time metal rises above $1,000 per ounce since February
Crisis set to change inflation targeting: CentralBanking.com subscribers
CentralBanking.com snapshot shows most think inflation targeting will change. Almost a third believe crisis marks end of framework
Banque de France review offers regulatory preview
Report features contributions from Jaime Caruana, Claudio Borio, Sheila Bair and Nout Wellink
ECB’s Stark on preserving price stability
European Central Bank’s Jürgen Stark says no role for government in monetary policy
Floating rate key defence, says Colombia’s Uribe
Central Bank of Colombia’s José Uribe says a flexible exchange rate proved crucial in coping with the global financial crisis
ECB’s Stark –regulation must remain on the agenda
European Central Bank’s Jürgen Stark says policymakers should remained focused on improving regulatory framework despite economic “green-shoots”
Watch demand-type shocks in move to peg
Czech National Bank economist says monetary policy should pay attention to demand-type shocks when moving to an fixed-exchange-rate-peg regime