Economics
Crisis undermines our models: new SNB official
Jean-Pierre Danthine, an academic who is set to join the Swiss National Bank's (SNB) board in 2010, has said that the crisis demands a fundamental rethink of the economic models used by central bankers.
Hildebrand named new Swiss National Bank head
Philipp Hildebrand, the vice-chairman of the board of governors at the Swiss National Bank, will take over from Jean-Pierre Roth as chairman of the board at the start of next year.
Central Bank of Sri Lanka - Annual Report 2008
Sri Lanka's economy demonstrated its resilience by recording growth of 6% in 2008 amid unprecedented and unfavourable developments globally and domestically, the country's central bank's latest Annual Report notes.
Crisis hampering eurozone integration: ECB
The European Central Bank (ECB) has warned that the pace of pan-European financial integration could slow in the wake of the financial crisis.
Bank of Canada - Annual Report 2008
Structural changes to markets will be needed to restore confidence, said Mark Carney, the governor of the Bank of Canada, in the latest Annual Report.
Irish economy to shrink by 7%: central bank
The Irish economy is set for an even worse year than previously thought, according to the latest forecast by the country's central bank.
Fed bailout critic Stern to step down
Gary Stern, the president of the Minneapolis Federal Reserve and a vociferous critic of the Fed's recent bailouts, is to retire. He is the longest-serving senior Fed official.
RBI prepares for 75th anniversary
The Reserve Bank of India (RBI) commemorated entering its 75th year on Wednesday with a speech by the governor, who announced plans to mark its platinum jubilee.
Foreclosures a worry in NY state
The number of home mortgages in foreclosure in upstate New York continues to be a concern, notes a report from the New York Federal Reserve.
Harsh standards prompt drop in secured UK loans
Tighter lending conditions have sparked the steepest-ever climb in British housing equity in the last quarter of 2008.
Fiji appoints new financial markets head
Faizul Ariff Ali is the new chief manager of the Reserve Bank of Fiji's financial markets division, the central bank announced on Wednesday.
All US states contract for first time on record
The economies of all of the 50 American states shrank in February for the first time since records began in January 1979.
Swiss National Bank - Annual Report 2008
The Swiss National Bank's balance sheet substantially lengthened in 2008, notes the central bank's latest Annual Report.
RBA's Richards: housing shortfall welcome
The relative tightness of the Australian housing market is one factor that will support home-building in the period ahead, said Anthony Richards, the head of the economic analysis department at the country's central bank.
Bank Negara Malaysia - Annual Report 2008
The year 2009 will be a highly challenging year for the Malaysian economy, said Zeti Akhtar Aziz, the governor of the central bank, in the latest Annual Report.
Atlanta's Lockhart: exports won't save US
Dennis Lockhart, the president of the Federal Reserve Bank of Atlanta, does not expect a sudden return of exports as a driver of recovery in the United States in the remainder of 2009.
BoJ's Yamaguchi: private sector key driver
Fiscal and monetary policies are no more than a crutch to facilitate adjustments in and the positive efforts of the private sector, said Hirohide Yamaguchi, a deputy governor of the Bank of Japan.
South African Reserve Bank - Quarterly Bulletin
South Africa cannot escape the negative consequences of the international financial turmoil, notes the South African Reserve Bank's March Quarterly Bulletin.
New BoJ discussion paper series launched
The Bank of Japan has published a new issue of its online discussion paper series.
US still has more influence than trade suggests
Regardless of the emergence of large economic players, like China, United States' influence on other economies remains larger than direct trade ties would suggest, a new paper from the European Central Bank shows.
Buba names new communications head
Benedikt Fehr, a journalist for a German daily, is to become the new head of the Bundesbank's communications department after Christian Burckhardt, the former head, died tragically last December.
Malawi's Nkosi encourages rural credit access
Commercial banks should come up with strategies and plans for a greater access to credit by rural communities and other banking services for Malawian entrepreneurs, said Mary Nkosi, the deputy governor of the Reserve Bank of Malawi, has said.
Estonia to meet Maastricht criteria in 2009
Andres Lipstok, the governor of the Bank of Estonia, has said that the country will meet all the Maastricht criteria for euro entry later this year, reports say.
A labour model for inflation dynamics
A model with sticky nominal wages and right-to-manage bargaining best captures the response of inflation to nominal labour shocks, a new paper from the Philadelphia Federal Reserve posits.