Financial crisis
Screening distant borrowers presents challenges: Netherlands Bank paper
Netherlands Bank study examines effectiveness of lending to distant borrowers during crises
Duke defends Fed’s liquidity measures
Federal Reserve board member Elizabeth Duke says Fed bail-out was necessary for welfare of entire economy, not just banks
Government failures aided housing bust, says FDIC’s Bair
Federal Deposit Insurance Corporation chair Sheila Bair says government-encouraged risk-taking created misaligned incentives in mortgage lending
Carry-trade inflows open to vicious circles, say Shin, Plantin
Centre for Economic Policy Research study shows interaction between capital inflows and monetary policy might destabilise carry trade
IMF paper identifies Brazilian interest rate regime switch
Fund study says Brazil’s relatively low interest rate level and lack of volatility are owing to regime changes
RBNZ’s Bollard on international and domestic risks in 2011
Reserve Bank of New Zealand governor Alan Bollard identifies key risks to New Zealand economy in 2011
Safe haven effects caused exchange rate swings: IMF paper
Fund study identifies source of exchange rate volatility during financial crisis
BoJ paper on Chinese cross-border capital flows
Bank of Japan study examines the impact of greater economic integration on cross-border flows in China; makes recommendations on policy prescriptions
Eurosystem crisis measures averted prolonged crisis: ECB paper
European Central Bank study says introduction of unconventional monetary policy measures during financial crisis successfully provided liquidity to banking system
NY Fed paper highlights discount window stigma
New York Federal Reserve study finds evidence of stigma attached to bank lending when accessing funds from discount window during crises
It's the forest stupid
Dodd Frank fails to deal with systemic risk, former chairman of the Federal Deposit Insurance Corporation William Issac argues
PBoC’s Yi promotes Chinese-EU financial co-operation
People’s Bank of China deputy governor Yi Gang promotes benefits of financial co-operation between China and the European Union
Financial crises hit imports hardest: IMF research
Fund study shows financial crises are associated with large and persistent losses in imports while exports are not adversely affected
Countercyclical measures key to stemming Indian inflows: Strauss-Kahn
IMF managing director Dominique Strauss-Kahn says adoption of countercyclical macroprudential measures eased capital inflows to India
Lender of last resort function essential: Norges Bank’s Qvigstad
Norges Bank deputy governor Jan Qvigstad says central bank’s lender of last resort role was critical during the financial crisis
Bahrain’s Al-Maraj calls for new Islamic finance business model
Central Bank of Bahrain governor Rasheed Al-Maraj says Islamic financial institutions should cover essential activities to generate more steady income stream
Israel's Fischer: house prices pose threat to financial system
Bank of Israel governor Stanley Fischer says rising house prices could spur next financial crisis
Emerging markets must rethink exchange rate strategy: Thailand's Trairatvorakul
Bank of Thailand governor Prasarn Trairatvorakul says new era of globalisation will require changes to domestic policy
Ireland releases new governance rules
Central Bank of Ireland looks to stamp out poor boardroom practices at financial institutions
Debt restructuring framework for Europe essential: Deutsche Bank
Deutsche Bank co-head of European economic research Mark Wall says officials must create credible restructuring mechanism for eurozone sovereigns
IMF: deep structural problems hinder Italy’s recovery
Fund study says Italian economy unlikely to return to full capacity unless structural weaknesses are addressed
DSK: surplus countries can rebalance growth
IMF managing director Dominique Strauss-Kahn says addressing global imbalances requires shift in surplus countries’ growth drivers
Ex-Bank’s Lomax attacks government over cutbacks
Former MPC member Rachel Lomax lambasts climate of fear promulgated by Britain’s coalition government in order to pave the way for fiscal retrenchment
St Louis Fed says TAF announcement raised risk premiums
St Louis Federal Reserve study shows announcement of Fed’s Term Auction Facility unintentionally caused market participants to revise upward their expectations of seriousness of financial crisis