China
China's financial liberalisation success
Liberalisation of China's financial system reduced its vulnerability, posits a new paper from the Hong Kong Monetary Authority.
Asian crisis, culture sparked imbalances: Zhou
The Asian financial crisis and a number of cultural factors triggered the build up in global imbalances seen as the underlying cause of the current crisis, Zhou Xiaochuan, the governor of the People's Bank of China, has said.
China "notes" Geithner renminbi claims
An official at the People's Bank of China has said the central bank had noted US Treasury secretary designate Tim Geithner's claims that President Barack Obama believes Beijing is manipulating the renminbi to boost exports.
HKMA and China agree currency swap
The Hong Kong Monetary Authority (HKMA) and the People's Bank of China have signed a currency swap arrangement worth up to $29.2 billion.
Taiwan - Annual Report 2007
The Central Bank of China (Taiwan) raised its discount rate four times during 2007 by a total of 62.5 basis points, the central bank's latest Annual Report reveals.
Unexpected cuts highlight Asian export slump
The Taiwanese and Indonesian central banks surprised markets with rate cuts on Wednesday, both made as evidence mounted that 2009 will be a tough year for Asian exporters.
China to promote freer yuan trades
Beijing will allow some trade with neighbouring countries to be settled in yuan, the Chinese currency, rather than in the dollar or the euro.
China bids to breathe life into ailing economy
The People's Bank of China has cut its key lending and borrowing rates for the fifth time in three months in its quest to shore up faltering growth in the world's fourth largest economy. However, the move met with disappointment from market participants,…
IMF to cut growth forecast
The International Monetary Fund (IMF) will cut its forecast for growth in the global economy in 2009, its managing director said.
China, Korea sign new swap line
Monetary authorities in China and South Korea have signed a new foreign-currency swap deal, the Chinese central bank announced on Friday.
From the frying pan to the fire
Emerging markets are feeling the pain of the credit crunch. But some are better placed to deal with the consequences, says Barry Eichengreen
Interview: Raghuram Rajan
Claire Jones spoke to the former chief economist at the International Monetary Fund about the policy response to the crisis, particularly the role of the Fund
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
China slashes rates
China chopped more than a percentage point off its lending rate on Wednesday in a further sign of Beijing's fears the global slowdown will spark a severe slump in export demand.
Renminbi going global - HKMA's Pang
The renminbi could in time become a significant currency for global trade, Peter Pang, a deputy chief executive at the Hong Kong Monetary Authority.
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.
Korea asks China for dollar-swap deal
The Bank of Korea on Tuesday confirmed that it had asked the People's Bank of China for a dollar-swap line after reports emerged on the proposed facility.
Ex-PBoC deputy questions policy after Beijing cut
Wu Xiaoling, a former deputy governor at the People's Bank of China, has said the central bank should not loosen monetary policy further after the institution cut rates and relaxed loan conditions last week.
China cuts again on fears of slump
The People's Bank of China has lowered its key lending rate by 27 basis points to 6.66%.
Asia makes rate cut 'truly global'
China cut rates for the second time in as many months on Wednesday, supporting the joint action by six of the most important central banks to loosen policy. A host of other Asian central banks have also replicated the Federal Reserve-led move.
China's impact on global inflation
Research from the Bank of Canada examines the effect of China on the inflation rate in other countries.
Taiwan surprises markets with first cut in 5 years
The Central Bank of China (Taiwan) unexpectedly cut rates for the first time since 2003 on the back of fears that distressed financial markets could trigger a global slowdown in economic activity.
Banking consolidation continues apace
After months of speculation of its weakest elements, the global banking sector has undergone what many are calling a long overdue consolidation within the space of a few days. Here's a summary of what has happened, its happening - and may happen next.
Papademos: China should rethink monetary tools
China's battle against inflation requires enhancing the room for manoeuvre in monetary policy, said Lucas Papademos, the vice president of the European Central Bank.