Emerging markets
Macroprudential tools need hard, fast rules: BIS
Basel-based Committee on the Global Financial System says macroprudential policy needs as strong a mandate as monetary policy to work
RBI’s Subbarao: Tobin tax benefits “debatable”
Reserve Bank of India governor Duvvuri Subbarao says India will hold back on capital controls
Deficits set to stay sky-high despite growth revival, warns Fund
IMF says deficits worldwide will fall by less than expected in 2010, in spite of improved growth prospects; developed economies worst offenders
IMF: fiscal prudence pays in emerging markets
IMF study shows that an improving fiscal position improves sovereign debt grading and reduces financing costs in emerging-market economies.
IMF: inflation targeting the next step for emerging economies
IMF study makes strong case for adoption of inflation targeting in emerging economies
ADB's Kuroda pushes agenda for economic integration in Asia
Asian Development Bank president Kuroda hails Asian rebound but calls for commitment on wider integration of region
IMF’s Shinohara warns EME dominance may lead to imbalance in growth
IMF deputy director Shinohara indicates global imbalances may result from an uneven distribution of growth
Subbarao moots Tobin tax to curb capital inflows
Reserve Bank of India governor Duvvuri Subbarao says all options on the table as it attempts to act on investment influx
RBA’s Stevens: Australia’s recovery investment led
Reserve Bank of Australia’s governor also flags the role of intra-region exports
Cross-border lending extends slump: BIS
Bank for International Settlements says international lending fell by $385 billion in last three months of 2009, figures reveal fifth consecutive quarterly drop
BoJ's Nishimura: we can escape deflation
Deputy governor Kiyohiko Nishimura confident of dealing with chronic deflation
IMF: local currency lending cushioned crisis blow
IMF study shows increased domestic currency lending led to relatively strong access to credit in American countries following credit crunch
IMF on the properties of sovereign default models
Research suggests two improvements to model used to account for rate movements in emerging markets
Bank of Canada highlights requirements for global recovery
Study shows a rebalance in global current account necessary for sustainable growth
HKMA: offshore markets can help boost currency trade
Hong Kong Monetary Authority says risks of trading currency in offshore markets are manageable
IMF: foreign activity deepens emerging bond markets
IMF paper finds greater foreign presence in domestic bond markets reduces government yields and dampens volatility
ECB’s Stark: global economy is heading for lost decade
Jürgen Stark says failure to learn from the crisis would result in anaemic global growth for the next ten years
IMF deputy on drivers of the Asian recovery
International Monetary Fund first deputy managing director Murillo Portugal says Australia has done well as a result of Chinese commodity demand, but must watch out for a cooling off
Malaysia hikes as recession ends in emerging Asia
Bank Negara Malaysia raises its key rate by a quarter percentage point, citing stronger than forecast growth results in emerging Asia
IMF should have come to emerging markets’ rescue: DSK
International Monetary Fund managing director Dominique Strauss-Kahn says it should have been the Fund, not the Fed and other central banks, which provided swap lines to emerging markets in the crisis
Emerging markets need a voice: Krueger
Ex-IMF first deputy managing director Anne Krueger writes that countries such as India and China must have a presence of the international stage reflecting their weight in the global economy
Australia has learnt to deal with mining booms: Battellino
Reserve Bank of Australia deputy governor Ric Battellino says floating exchange rate, refined monetary and fiscal frameworks key to coping with demand surge
Fiscal cuts must precede monetary tightening: IMF
International Monetary Fund notes fiscal consolidation is by far the biggest concern; suggests central banks maintain large balance sheets for time being
Bank of Canada Review (Winter)
Winter edition of bulletin contains articles on inflation persistence, capital flows in emerging markets and the accessibility of banknotes