Economics
Outstanding CDSs decline
Multilateral terminations of outstanding contracts resulted in the first ever decline in the volume of outstanding credit default swaps (CDS) since December 2004, reports Bank for International Settlements.
Russia raises rates to help the rouble
Russia's central bank has hiked its key interest rate by 100 basis points to 12% in an attempt to reduce an outflow of money and curb the decline in the value of the rouble.
ECB collateral to include non-euro debt
The European Central Bank (ECB) will for the first time accept European bonds denominated in dollars, sterling and yen as collateral as of 14 November, the central bank said on Wednesday.
Paulson continues Tarp U-turn
Henry Paulson, the US secretary of the treasury, has signaled a further shift in the way the administration will use the $700 billion at its disposal under the Troubled Asset Relief Program (Tarp), by saying purchasing bad assets from financial…
Historic shift for financial sector - Fed's Warsh
We are witnessing perhaps the fastest, most significant structural shift in the history of the financial services sector, said Kevin Warsh, a governor at the Federal Reserve.
People's Bank pledges Rmb100 billion by year-end
The People's Bank of China will loan banks Rmb100 billion ($14.6 billion) by the end of December as part of Beijing's efforts to stave off a slowdown in growth.
Central Bank of Seychelles - Annual Report 2007
The Seychellian economy grew by about 7.3% in real terms in 2007, the country's central bank notes in its latest Annual Report.
ECB's Bini Smaghi: Europe must liberalise
Lorenzo Bini Smaghi, a member of the European Central Bank's executive board, has claimed that rigid European labour and product markets hamper the ability of economic policies to foster growth.
Great Depression was different - St Louis Fed
Policymakers must remember that circumstances very different to those that led to the Great Depression had triggered the current crisis, research from the St Louis Federal Reserve states.
Productivity slump triggered subprime woe
The downturn in the US housing sector was triggered by a productivity slowdown that begun in 2004, finds a new paper from the New York Federal Reserve.
IMF sees advanced economies contracting in 2009
The International Monetary Fund (IMF) on Thursday revised downwards its estimate for global growth next year by four-fifths of a percentage point to 2.2% and said it believes the advanced economies will contract over 2009.
Bundesbank on the causes of home bias
Research from the Bundesbank studies why the tendency to hold domestic paper prevails despite the rise in cross-country capital flows over the last two decades.
Bank of Finland: Corruption bad for growth
Countries with low levels of corruption tend to have higher output, states an article from the Bank of Finland.
Philippine's Tetangco - links with US decisive
The macroeconomic impact of the current turmoil on Philippine's economy will depend on trade links with the United States, remittances and investments, said Amando Tetangco, the governor of the Central Bank of Philippines.
Obama win promises to lift some of the gloom
Barack Obama's clear victory in the US presidential election opens a new chapter in America's history. The positive impact of this powerful signal of change on the economy and on central banking should not be underestimated, says Marco Annunziata, the…
Family size related to wealth: St Louis Fed
Richer people tend to have more children, new research from the St Louis Federal Reserve finds.
US banks clamp down on loan standards
American businesses are facing ever-more stringent loan conditions from most US lenders tightening standards on the back of the poor economic outlook, Federal Reserve data indicates.
Credit-growth targeting improves policy
Integrating credit growth into monetary policy improves performance, finds a new paper for the European Central Bank.
EU says eurozone in recession
A European Central Bank (ECB) rate cut on Thursday - already a strong possibility - now looks a near certainty after the European Commission said the eurozone was likely in recession and predicted the economy would stagnate in the coming years.
BoE's Besley: rate cut won't save the day
A cut in bank rate, on its own, is not a magic bullet, said Timothy Besley, a member of the Bank of England's Monetary Policy Committee.
Fed examines poverty
The Federal Reserve Board and the 12 regional banks have collaborated on a study looking at high-poverty neighbourhoods in the US and the challenges these communities face.
RBA's Debelle: recession's impact uncertain
The impact of global developments on Australia is uncertain, said Guy Debelle, the deputy governor of the Reserve Bank of Australia.
Banking Authority of Kosovo - Annual Report 2007
Unemployment remained one of the main problems and was an extremely delicate issue for Kosovo in 2007, said Gazmend Luboteni, the chairman of the governing board of the Central Banking Authority of Kosovo.
House-price fall precipitated subprime collapse
The reason for the raft of subprime defaults was a sudden fall in house prices, which made prepayment of loans a less attractive option, finds research from the St Louis Federal Reserve.