Economics
Interview: Joseph Yam
In this interview the chief executive of the Hong Kong Monetary Authority discusses the global policy response to crisis, Hong Kong’s relationship with China and the reserve management in Asia. Malan Rietveld spoke to Joseph Yam
BoE's Gieve states case for global action
Ever-more frequent global policy co-ordination will be essential in avoiding future financial crises, Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England, has said.
RBI's Mohan on inflows and the rupee
Large volumes of private inflows and export earnings have the potential to over-valuate India's currency, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.
Bulgarian National Bank - Annual Report 2007
The latest Annual Report from the Bulgarian National Bank highlights the central bank's entry to the European System of Central Banks, a group composed of the European Central Bank and the 27 national central banks of all EU members.
Would-be investors scarred by banking crises
Systemic banking crises have a severe impact on behaviour, finds a new paper form the Chicago Federal Reserve.
T&T's Williams on the crisis
Ewart Williams, the governor of the Central Bank of Trinidad & Tobago, said that while emerging markets have been hit by the crisis, they will be the sole drivers of economic growth in 2009.
Nigerian FX markets stall on intervention hopes
Nigeria's foreign exchange markets froze on Tuesday as banks waited to see if the central bank would intervene to halt the naira's fall.
Lithuania, Turkey in talks with IMF
Lithuania and Turkey have both confirmed that they are in talks with the International Monetary Fund (IMF) about possible loans.
Iceland pledges to restart FX market
The Central Bank of Iceland pledged to restore the foreign-exchange market in the country, naming three banks as market makers.
Ex-NY Fed's Corrigan to head new Goldman wing?
Gerald Corrigan, a former head of the New York Federal Reserve, could be about to take the helm at Goldman Sachs's new bank holding company.
Central Bank of Kenya - Annual Report 2007/ 08
The Kenyan economy suffered major setbacks and inflationary pressures following the December 2007 election crisis, notes the latest Annual Report of the Central Bank of Kenya.
FDIC surveys bank overdraft programmes
The Federal Deposit Insurance Corporation (FDIC) has gathered data on the types, characteristics, and use of overdraft programmes operated by the1,171 banks supervised by the deposit insurance regulator.
Canadian households can handle debt
Despite increases in the debt-to-income ratio since the1990s Canadian households remain well positioned to manage their increased debt levels, a new paper from the Bank of Canada finds.
Former Austrian governor dies
Wolfgang Schmitz, a former president of the National Bank of Austria, has died at the age of 85.
Palestine Monetary Authority - Annual Report 2007
Last year Palestinian economic conditions improved somewhat last, the latest Annual Report from the Palestine Monetary Authority states.
Mexico's Ortiz: incentives must change
A change in the basic system of incentives is needed to foster the expansion of the Mexican economy, said Guillermo Ortiz, the governor of the Bank of Mexico.
New York Fed starts search for Geithner successor
The New York Federal Reserve has set up a panel to search for a successor to Tim Geithner, the current president of the central bank who was last week announced as the new treasury secretary.
3 problems that could befall the president's men
President-elect Barack Obama has assembled an all-star economics team. But potential pitfalls remain despite the players' pedigree, Malan Rietveld, the assistant editor of Central Banking journal, notes.
Fed governor on small business credit
Small businesses face difficulties in accessing credit, while at the same time credit demand from small business has declined, said Randall Kroszner, the governor of the Federal Reserve responsible for supervision.
Kenya's Ndung'u on financial-system design
When developing a financial sector it is crucial to avoid the temptations of a one-size-fits-all strategy, said Njuguna Ndung'u, the governor of the Central Bank of Kenya.
Zimbabwe's Gono outlines vision for second term
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has detailed his vision for the Zimbabwean economy over the next five years after being granted a second term at the helm of the central bank.
Monetary policy affects US current account
Loose monetary policy plays an important role in the United States current-account deficit, research from the European Central Bank finds.
Kyrgyz Republic - Annual Report 2007
In 2007, the National Bank of Kyrgyz Republic raised rates and improved its policy instruments due to the global rise in commodity prices, said Marat Alapaev, the governor of the central bank in its latest Annual Report.
EU pledges €200 billion to spur growth
The European Commission unveiled a stimulus package worth the equivalent of 1.5% of European Union (EU) GDP on Wednesday in a bid to shore up economic activity.