Europe
EU central bankers decide against bail-out rules
Finance ministers and central bankers from the European Union decided at a weekend meeting in Portugal not to draw up fixed rules in advance on bailing out banks and other financial institutions with cross-border operations in the EU.
We can overcome international snub - Iran deputy
Mohammad-Jaafar Mojarrad, the deputy governor of the Central Bank of the Islamic Republic of Iran, said it is handling the impact of the US's plea to Europe's banks to stop trading dollars with the country.
Central bank gold sales to approach limit
Members of the central bank gold agreement (essentially the eurozone plus Sweden and Switzerland) have sold 396 tonnes in the first 10 months of the "gold year", as much as the total for the whole of last year.
ECB publishes "Blue Book"
The 2007 edition of the Blue Book, which describes the main payment and securities settlement systems in the EU, comes in two volumes: one on countries in the euro area, the other for non-euro area countries.
Market optimism fades after Fed action
After the rally in US equity market of Friday continued in Asian and European markets after the weekend, Wall Street indexes were firmly back in the red by mid-day on Monday.
CEBS advises on liquidity risk management
The Committee of European Banking Supervisors, which acts as a consultant to the European Commission on banking policy issues, published the first part of its technical advice on liquidity risk management.
Norway raises rates to 4.75%
The Central Bank of Norway has increased its key policy rate by 0.25% to 4.75%, despite acknowledging recent market turmoil.
ECB on downward wage rigidity
A study published by the European Central Bank (ECB) on 31 July, has found that the number of industries affected by downward nominal wage rigidity in OECD countries increased between the 1970s and 1990s.
How competition policy affects banks - report
A new report from the ECB finds that as competition policy strengthens banks' share prices rise, but those of non-financial firms fall.
Trichet: no complacency on sub-prime markets
In an interview Jean-Claude Trichet, president of the European Central Bank, said he remained cautious of the crisis of the sub-prime market in the United States.
ECB calls for new debit card schemes
The European Central Bank (ECB) would like to see the emergence of new debit card schemes to rival the dominance of Maestro.
Why Europe needs a banking charter
The authors of this IMF Working Paper argue that a full-fledged EU-level prudential regime that operates along-side national regimes - which they call a "European Banking Charter" - could harness market forces to establish a level playing field for…
Papademos on euro adoption in Malta and Cyprus
In this speech, Lucas Papademos, the vice-president of the European Central Bank, discusses the adoption of the euro in Malta and Cyprus. The two island economies will adopt the euro on 1 January 2008.
Local currency bond markets risks lower
Exposure to currency depreciation risk has declined in most emerging market economies, according to a report on "Financial stability and local bond markets" published on 9 July by the Committee on the Global Financial System.
ECB on structural reforms
The European Central Bank (ECB) has published, on 6 July, a report on "Structural Reforms in EMU and the Role of Monetary Policy: a Survey of the Literature."
Smaghi: challenges facing EU
"The EU (European Union) will be confronted with three major challenges: rapid technological change, globalisation and an ageing population," Lorenzo Bini Smaghi, member of the executive board, European Central Bank (ECB), said.
IMF: global imbalances matter to Europe
According to an IMF working paper published in June, although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a…
New ECB Research Bulletin
The European Central Bank released it latest Research Bulletin on 29 June. The bulletin contains articles on the international carry trade, financial integration and capital flows in the new EU member states and productivity growth in the euro area.
Interview with Paul de Grauwe
In an interview with EurActiv, published Thursday 10 May, Paul de Grauwe warns that "ill-founded" and "dangerous" criticism of the European Central Bank by newly elected French president Nicolas Sarkozy could threaten monetary union.
Europe's central banks offloading gold
According to this article published Thursday 3 May by FMarena, with European central banks selling gold heavily recently, they might actually sell up to their quota.
ECB's Liebscher: vigilance ensures stable prices
European Central Bank vigilance will safeguard future price stability and a stable euro, ECB Governing Council member Klaus Liebscher wrote in an Austrian newspaper on Wednesday 2 May.
Failed bank rescue plan will impact on Basel II
This article from Chase Cooper, published Monday 30 April, asks whether the killing off of the Ecofin plan for rescuing failed banks will have implications for Basel II.
Sweden's berg on increased financial integration
In the speech 'Increased financial integration - future challenges' given on 19 April Svante berg of the Sveriges Riksbank said financial integration is increasing rapidly in Europe, and this will lead to better conditions for economic growth, but that…
ECB's Liebscher on exchange rates
European Central Bank governing council member Klaus Liebscher said Monday 16 April that exchange rates should reflect fundamentals.