Economics
Central Bank of Turkey - Annual Report 2007
Fiscal policy has made a modest contribution to disinflation in 2007, said Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey, in the latest Annual Report.
China not too reliant on exports
China's is much less dependent on exports than commonly thought, research from the Hong Kong Monetary Authority notes.
Markets plunge on recession fears
Confirmation of a sharp contraction in the UK economy and fears of a similarly grim outlook elsewhere sparked a global sell-off in equities and commodities on Friday.
Caruana, Ortiz, Ingves interviewed for BIS job?
Jaime Caruana, Guillermo Ortiz and Stefan Ingves are the candidates for the top job at the Bank for International Settlements (BIS), a leading German financial daily reported on Friday.
Yamaguchi named new Bank of Japan deputy
Hirohide Yamaguchi has been made deputy governor at the Bank of Japan, filling a position vacant since March.
SA's Mboweni challenges IMF and World Bank
Tito Mboweni, the governor of the South African Reserve Bank, has lashed out at the Bretton Woods institutions, labelling them vehicles for developed economies to control developing and emerging-market countries.
National Bank of Serbia - Annual Report 2007
In 2007, for the second year in a row, the National Bank of Serbia managed to achieve its inflation objective, said Radovan Jelasic, the governor of the central bank, in the latest Annual Report.
Obama turning to ex-Fed's Volcker on economy
Barack Obama, the Democratic candidate for the United States presidency, is increasingly relying on Paul Volcker, a former chairman at the Federal Reserve, for advice on the economy, reports suggest.
Fed buys commercial paper from money-market funds
The Federal Reserve announced on Tuesday that it will start buying commercial paper from money-market mutual funds.
Interbank rates ease further
The cost of borrowing three-month funds in interbank markets on Tuesday extended the declines registered over the preceding six trading days.
Russia in currency-swap clampdown
With rouble under increasing strain, the Central Bank of Russia has announced stringent new limits on the maximum amount of currency swaps that may be traded each day.
RBI strikes day after rate cut
An employee strike at the Reserve Bank of India shut down trading on the Mumbai bond exchange on Tuesday.
RBA's Stevens on the future of finance
In this speech, Glenn Stevens, the governor of the Reserve Bank of Australia, argues that the global financial sector is likely focus less on "exotic innovation" in the future.
IMF on European outlook
The International Monetary Fund expects growth to stagnate in advanced economies in Europe, while the region's emerging economies will slow down significantly.
Chicago Fed looks at private equity trends
The latest Chicago Fed Letter contains a summary of a recent conference organised by the central bank on the current trends in the private equity industry.
Mboweni on governance of global finance
In this speech, Tito Mboweni, the governor of the South African Reserve Bank, argues that the G7 is "an exclusive economic club for rich countries and has outlived its usefulness".
Korea guarantees banks' foreign debt
The Korean government has announced bolds initiative to help its financial institutions overcome difficulties in securing overseas funding.
Thaw in money markets gathers pace
The cost of borrowing in interbank markets declined on Monday, indicating that measures implemented by governments and central banks around the world to reduce tensions in frozen interbank markets are finally gaining traction.
Annual report: Sierra Leone
In 2007, Sierra Leone received extensive debt relief from creditors represented by the Paris Club and the US government, the Bank of Sierra Leone latest annual report notes.
Saudi Arabia's inflation challenge
Inflation in Saudi Arabia accelerated from 4.1% in 2007 to 11.1% in July 2008, posing challenges in the coordination between controlling inflation through monetary policy and enhancing economic growth through expansionary fiscal policies, said Hamad Al…
Chile's De Gregorio on handling bubbles
The lesson from the present crisis is that we cannot wait for asset-price bubble to burst before addressing its effects, said Jose De Gregorio, the governor of the Central Bank of Chile.
The tragic mistakes of the central banks
As the print dries on the European and US bank nationalisation plans and praise is sung for the financial statesmanship behind these, it is important (at least for posterity) to draw attention to the fact that there was an alternative route back to…
Bank of Israel - Annual Report 2007
The Bank of Israel's new law should provide a firm legal basis for the central bank's independence, said Stanley Fischer, the governor of the central bank in its latest Annual Report.
Fed's Beige Book a glum read
The latest edition of the Federal Reserve's Beige Book, a guide to business conditions in the 12 districts overseen by the regional Feds, indicates that economic activity weakened in September across the US.