Financial crisis
Provopoulos: Greece must regain competitive edge
Bank of Greece governor tough on reform; calls for a break from the past
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
Ireland sets pace with governance reform proposals
The Central Bank and Financial Services Authority of Ireland release proposals to end poor practices at financial institutions
Central Bank of Iran – Annual Report 2008/09
Oil price declines dominate Iranian report
IMF: Russian housing market vulnerable to external shocks
IMF paper shows house prices in former Soviet countries are vulnerable to foreign capital inflows in open economy model
US Senate finds rating agencies influenced by banks
Inquiry says conflict of interest between agencies and their customers did influence ratings of mortgage-backed securities
Israel flags speedy recovery
Bank of Israel Annual Report shows GDP grew 0.7% in 2009; outpacing other advanced economies
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
Caruana: integration essential to global framework
Bank for International Settlements general manager Jamie Caruana draws on importance of financial integration in forming new global framework for financial system
ECB: fiscal deficits attributable to crisis
ECB paper shows European fiscal budgets were unprepared for intervening in markets during crisis
Bank of Canada highlights requirements for global recovery
Study shows a rebalance in global current account necessary for sustainable growth
BoJ study links widening CDS spreads in Greece to greater sovereign debt risk
Bank of Japan study shows strong relationship between fiscal health and CDS spreads
Fund relents on capital controls
IMF admits capital controls have a role to play in its latest flagship report overturning long-held position, fleshes out possible capital surcharge framework
Bair: FDIC-style bailout needed for very large banks
Chairwoman of the FDIC Sheila Bair outlines resolution regime for the biggest firms
Systematic volatility explains long term global correlations
Mexican central bank study on frequency variations of global correlations indicates increased connectivity in equity markets
Fed to lose monetary affairs chief
Monetary affairs director Brian Madigan plans to retire later this year, he is succeeded by deputy director William English
Bini Smaghi: monetary policy should not be burdened with additional objectives
Lorenzo Smaghi says lax policy may have contributed to the crisis, but inflation targeting should remain core objective
SF Fed: crisis showed simple policy rules more effective
San Francisico Fed paper reaffirms strength of simple policy guideline to monetary policy but stresses need for international framework
NY Fed's Dudley demands new bubble-bursting tools
New York Fed president calls for a judgment-based approach to dealing with asset price bubbles
SEC announces tighter rules for asset-backed securities market
Proposals come after crisis underlined dangers of instruments’ complexity
RBI marks 75th anniversary with new goals
Governor Subbarao outlines new path for 2010
Greenspan deflects blame during heated testimony
Former Federal Reserve chairman Alan Greenspan defends record but accepts some criticism
Greenspan defends position on free market
Former Fed Chairman deflects criticism over adherence to Ayn Rand's views on laissez-faire capitalism
IMF: credit markets key to economic recovery
IMF study shows that a healthy financial sector is essential to a speedy recovery in the economy