Financial crisis
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
Fed backs down in Supreme Court battle with Bloomberg
Federal Reserve drops appeal against ruling forcing it to reveal names and details of banks that borrowed in crisis; move draws Fed’s involvement in two-year long battle to a close
Bolivia’s Tellería on central banks and regulation
Central Bank of Bolivia acting president Gabriel Loza Tellería says central banks must take part in prudential regulation; need new macroprudential mandate
Basel III could have softened crisis: BIS's Caruana
Bank for International Settlements general manager Jaime Caruana says crisis could have been very different had Basel III framework been in place
National Bank of Cambodia - Annual Report 2009
National Bank of Cambodia’s Annual Report for 2009 says southeast Asian economy expected to return to growth this year
IMF’s Portugal identifies key information gaps
IMF deputy managing director Murilo Portugal lays out areas for improvement in filling information gaps
FSoc to debate measures to toughen money market funds
US Presidential Working Group including Federal Reserve chairman Ben Bernanke and Treasury secretary Timothy Geithner proposes eight steps to prevent runs on money market funds
RBA’s Ellis: no single best organisational framework for regulation
Reserve Bank of Australia head of financial stability department Luci Ellis says regulators’ organisational structure less important than ability to respond to financial distress
RBI: external debts in India rising
Reserve Bank of India Monthly Bulletin shows external debts increased over the second quarter of 2010
Bail-ins win further support
Bail-in capital meets with favour from speakers at London School of Economics conference
Take more proactive role in macroprudential policy, DSK tells Asia
IMF managing director Dominique Strauss-Kahn says emerging markets should lead by example and complement strong recovery with sound macroprudential policies
Academics embark on €1.8m project to predict crises
European Union-funded project will see economists, computer scientists and physicists cooperate in bid to improve financial forecasting
IMF: currency crises studies inaccurate
Fund research finds earlier studies on currency crises fail to identify volatile market fundamentals