Economics
Bollard advocates New Zealand's economic strength
Banks should avoid overreacting to the economic downturn as the New Zealand economy remains fundamentally sound and creditworthy, said Alan Bollard, the governor of the Reserve Bank of New Zealand.
Bank of Japan's economic outlook
Japanese economic growth is slowing mainly due to high energy and materials prices, the Bank of Japan's latest monthly economic report states.
Crisis worst shock since Great Depression: IMF
The International Monetary Fund (IMF) warned that the US subprime fallout has precipitated the largest financial crisis since the Great Depression and that there is a 25% chance that it will cause a full-blown global recession.
Stalemate ends as Shirakawa is approved
Masaaki Shirakawa is the new governor of the Bank of Japan after the opposition Democratic Party of Japan accepted his nomination on Wednesday, ending a political standoff that has embarrassed both the central bank and the ruling Liberal Democratic Party.
ECB's Bini Smaghi: sharp easing a dangerous game
Excessive rate reduction can weaken prices of domestic assets, potentially destabilising markets, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
Fed's Yellen sees economic up-tick
Monetary easing and fiscal stimulus will boost US growth in the coming quarters, said Janet Yellen, the president of the San Francisco Fed.
Where New-Keynesian models fall short
New-Keynesian monetary models' assumptions do not fully reflect the complexity of price behaviour, a paper published by the National Bank of Belgium states.
Indonesia's Boediono gets the nod
Boediono, Indonesia's economics minister, will become governor of the country's central bank in May after a parliamentary committee approved his appointment.
Tokyo nominates Shirakawa for governor
The leadership crisis at the Bank of Japan looks resolved after the government nominated Masaaki Shirakawa, the current acting governor, for the role on Monday night.
Fed's Kroszner: subprime lessons for Latin America
Latin America is not decoupled from the US and the rest of the world. It is increasingly connected through global capital flows and capital markets, said Randall Kroszner, a governor of the Federal Reserve.
Canada's Jenkins: domestic adjustments crucial
We need to encourage flexibility and adaptability in internal markets in order to adjust to cyclical economic shocks, said Paul Jenkins, the senior deputy governor of the Bank of Canada.
Help at hand for Kenya's bond market
The Central Bank of Kenya is working with International Finance Corporation (IFC), a member of the World Bank Group, and other stakeholders to help the development of the country's bond market and increase long-term financing options for projects in…
No need for Sint Maarten CB: Antilles's Tromp
Sint Maarten, a tiny Caribbean island, scheduled to become a country on 15 December, should not set up its own supervisory authority nor have its own monetary policy, said Emsley Tromp, the president of the Bank of the Netherlands Antilles.
Business sector mark-up decline in Canada
Mark-up in the Canadian business sector has declined since the mid-1980s, finds a new paper from the Bank of Canada.
Shirakawa gets DPJ blessing, poised to lead BoJ
Masaaki Shirakawa, the acting governor of the Bank of Japan, looks likely to get the job formally after a senior opposition official indicated he would back his appointment.
Fostering lending to Indian SMEs - Mohan
India's financial system is still not adequately geared to finance new ideas and new firms, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.
Germany set to suffer from US slump
Germany will suffer from the downturn in the US and the weakness of the dollar as exports - contrary to what many politicians and entrepreneurs believe - are unlikely to rise, claims Norbert Walter, the chief economist of Deutsche Bank.
Bernanke voices US growth concerns
Ben Bernanke, the chairman of the Federal Reserve, warned that the country's economy was unlikely to grow much, if at all, this year, and "might even contract slightly".
Tokyo wants new governor by next week
Japan's ruling Liberal Democratic Party wants a new central bank governor in place by next week in time for the meeting in Washington of G7 finance ministers, Nobutaka Machimura, Japan's cabinet secretary, said on 3 April.
We had no choice, Bernanke tells lawmakers
The Federal Reserve had no choice but to intervene and put taxpayers' money at risk earlier this month by backing a fire sale of the assets of Bear Stearns, a leading American investment bank, its chairman said on Wednesday in testimony before US…
New governor proposed for Bank Indonesia
Boediono, Indonesia's chief economics minister, has been nominated for the top job at the country's central bank.
UAE governor urges fiscal frugality
Sultan Bin Nasser Al-Suwaidi, the governor of the Central Bank of the United Arab Emirates, warned that inflation could accelerate further if the government failed to curb spending.
Commodity price shocks in a small open economy
Commodity price shocks significantly contribute to the exchange rate fluctuations and business cycles in a small open economy, recent research by the Bank of Canada shows.
New Zealand set for slowdown - Bollard
New Zealand will see a moderate slowdown in economic activity reflecting weaker household spending, business investment, the negative effects of dry weather conditions and the impact of the exchange rate on exporters, stated Alan Bollard, the governor of…