Central Banks

Central Banking, Economics and Populism

Robert Teitelman | Posted 05.03.2012

Read More: Paul Krugman, Populism, Economics, Central Banks, Federal Reserve, Paul Krugman Ron Paul Debate, Economists, Martin Wolf, Business News

Just like central banking, economics wants to speak politically, but doesn't necessarily welcome a response. In Krugman, it sometimes comes across as condescension. At the Fed, it can appear more sinister.

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What Should the Central Banks Do?

Robert Teitelman | Posted 05.01.2012

Read More: Central Banks, François Hollande, Financial TImes, Federal Reserve, Rick Perry, Paul Krugman, Ben Bernanke, European Central Bank, Fdr, Nicolas Sarkozy, Business News

In arguing the case for the primacy of economic action, Krugman blithely ignores the difficult situation of central banking in the modern world.

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WB Head: World's Easy Money Obsession Only Buys Time

Reuters | Posted 04.03.2012

Read More: Video, Robert Zoellick, World Bank President Robert Zoellick, Reuters, World Bank, Business News, Easy Money, Central Banks, Federal Reserve, Robert Zoellick Easy Money, World Bank President, Robert Zoellick World Bank, Business News

By Kevin Yao BOAO, China, April 2 (Reuters) - Policymakers in both developing and developed countries must embrace structural reforms...

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And You Thought The US Recovery Was Weak...

Reuters | Posted 05.28.2012

Read More: European Debt Crisis, Interest Rates, Video, Europe Economy, G7, Reuters, Federal Reserve, Monetary Policy, Central Banks, Euro Zone, Pier Carlo Padoan, Oecd, European Central Bank, Organisation for Economic Cooperation and Development, Business News

* Annualised G7 growth seen at 1.9 pct in Q1, Q2 * No rush for central banks to start tightening By Leigh Thomas ...

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The Latest European Nation To Be Downgraded By Fitch

AP | By PABLO GORONDI | Posted 01.06.2012

Read More: European Debt Crisis, Video, Eurozone, National Bank of Hungary, Standards & Poor's, Prime Minister Viktor Orban, Fitch's Sovereign Group, European Union, Central Banks, Imf, Fitch, Hungary, Moody's, Business News

BUDAPEST, Hungary -- Fitch downgraded Hungary's credit rating to junk status on Friday, citing a standoff between the government and international len...

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South American Nation Sees Huge Inflation

AP | Posted 01.05.2012

Read More: President Hugo Chavez, Video, Venezuela, Global Economy, Latin America, Inflation, Venezuela Central Bank, Oil, Government Spending, 2012 Economy, Central Banks, Business News

CARACAS, Venezuela -- Venezuela's Central Bank says the country finished the year with 27.6 percent inflation, the highest in Latin America. The oil-...

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Report: Swiss Central Bank Chief Head Personally Profited From Dollar Trades

AP | FRANK JORDANS | Posted 03.05.2012

Read More: Swiss Banking, Video, Insider Trading, Swiss-Central-Banker-Insider-Trading, Swiss Banks, Business News, Central Banks, Swiss National Bank, Philipp Hildebrand, Philipp-Hildebrand-Insider-Trading, Business News

GENEVA — After days of stonewalling, the Swiss National Bank gave in Wednesday to demands it shed light on currency trades from its chief's pers...

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Vice President Joe Biden To Greece: U.S. 'Standing With You In Solidarity'

AP | By DEREK GATOPOULOS | Posted 12.05.2011

Read More: European Debt Crisis, Video, Eurozone, U.S. Treasury Secretary Timothy Geithner, President Karolos Papoulias, Greece Debt Crisis, Central Banks, European Union, Prime Minister Lucas Papademos, Government Bonds, U.S. Vice President Joe Biden, Business News

ATHENS, Greece -- U.S. Vice President Joe Biden told Greek political leaders Monday his government is "standing with you in solidarity," at the start ...

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Fed, ECB, Other Central Banks Act To Ease Financial System Strain

AP | DAVID McHUGH and PAUL WISEMAN | Posted 01.30.2012

Read More: Bank of England, Video, Bank of Japan, Bank of Canada, Liquidity-Trap, Business News, Federal Reserve, Central Banks, Liquidity Crisis, European Central Bank, Business News

FRANKFURT, Germany — The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic...

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This Economic War Began Long Ago

Vivian Norris | Posted 11.22.2011

Read More: Central Banks, Debt, Ltcm, Thailand, Economic War, Soros, Elizabeth Warren, Swaps, Cds, Malaysia, Gold, Obama, Etf, Indonesia, Asian Financial Crisis, Imf, China, Business News

It did not begin with the subprime disaster in 2007, nor the crash and burn of Lehman in 2008, nor are we able to blame any bubbles, be they dot.com or other. This Economic War began with the Asian Financial Crisis back in 1997.

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'We Are Witnessing A Growth Slowdown Across OECD Countries'

Posted 11.08.2011

Read More: Bank of England, Growth Forecast, G7, Developed Countries, Fiscal Stimulus, Central Banks, Financial Crisis, Japan, Europe, Organization for Economic Cooperation and Development, European Central Bank, Paris, Oecd, Business News

(Leigh Thomas) - The outlook for economic growth in developed countries has got much worse in the last three months, the OECD said on Thursday and...

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Gloom Settles On Central Bankers

wsj.com | JON HILSENRATH | Posted 10.28.2011

Read More: Global Economy, Great Recession, Economy, Economic Crisis, Business News, Financial Crisis, Central Banks, Federal Reserve, Banks, Business News

JACKSON HOLE, Wyo.--After years fighting crises and pumping money into the financial system, the world's central bankers are coming to grips with the ...

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Inflation in the Middle East -- Looking at the Right Numbers

Masood Ahmed | Posted 08.06.2011

Read More: North Africa, Fuel, Central Banks, Economic Policy, Middle East, Inflation, Oil, Food, Monetary Policy, Poor, Consumption, Business News

Surging international food prices have become a major cause for concern. This is especially so in the Arab world, which is home to some of the largest food importers and where rising food prices have been one of the factors in recent political unrest.

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Fed Officials Split Over Policy Changes

Reuters | Mark Felsenthal and Glenn Somerville | Posted 06.05.2011

Read More: Inflation, Commodity Prices, Policymakers, Middle East, Federal Reserve Bank, Bond Buying Program, Central Banks, Monetary Policy, Federal Reserve Officials, Federal Open Market Committee, Business News

WASHINGTON (By Mark Felsenthal and Glenn Somerville) - Some Federal Reserve officials last month believed they would have to hold to an easy monet...

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Global Central Banks Face An Essential Revolution

Reuters | Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley | Posted 05.25.2011

Read More: Don Kohn, Bank of England, Bank of Japan, Jean-Claude Trichet, Central Banks, Japan Earthquake, Federal Reserve Bank, Richard Fisher, Ben Bernanke, Otmar Issing, Alan Greenspan, Gdp, Ecb, Bundesbank, European Central Bank, Business News

By Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley FRANKFURT/WASHINGTON - On a warm, Lisbon day last May, Jean-Clau...

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EU Bonds: Portugal Proving the Point & How You Can Profit

Gemma Godfrey | Posted 05.25.2011

Read More: Central Banks, Irrational, Debt, Etfs, Minister, Balance Sheets, Downgrade, Ireland, Spain, Gemma Godfrey, Eu, Investors, Government, Overreaction, Gdp, Wealth, Insurance, Bailout, Greece, Finance, Portugal, Pension Funds, Moody's, Albert Einstein, Italy, Money, Bonds, Opportunities, Fixed Income, Investing, Insight, Profit, Investment, Companies, Periphery, French Minister, Economic Growth, Europe, Christine Lagarde, Piigs, Business News

Just what is at the root of the EU's troubles? And how do last week's events with Portugal exemplify the problem?

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Yen Intervention Resolves Immediate Crisis, But Japan's Economy Still Threatened

HuffingtonPost.com | William Alden | Posted 05.25.2011

Read More: Group of Seven, Yen, Trade, G7, Japan Economy, Economic Crisis, Business News, Yen Intervention, Central Banks, Monetary Policy, Japan Yen Intervention, Japan, Nikkei, Business News

The yen eased off its all-time high Friday as the world's major central banks lent their support, but Japan's economic troubles are far from over, exp...

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Rewriting the Macroeconomists' Playbook in the Wake of the Crisis

Olivier Blanchard | Posted 05.25.2011

Read More: Central Banks, Capital Flows, Economic Imbalances, Liquidity, Swaps, Currency, Monetary Policy, Conference, David Romer, Michael Spence, Fiscal Policy, Olivier Blanchard, Great Moderation, Joseph Stiglitz, Interest Rates, Macroeconomics, Business News

Before the global economic crisis, mainstream macroeconomists had largely converged on a framework for the conduct of macroeconomic policy. It is now time to converge again.

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What's Really Behind QE2?

Ellen Brown | Posted 05.25.2011

Read More: Central Banks, Tarp Bailout, Greenback Solution, Ben Bernanke Federal Reserve, Irish Economy, Qe2, Commodities Speculation, Greek Bailout, Hyperinflation, Fed-Quantitative-Easing, Qe1, Business News

The deficit hawks are circling, hovering over QE2, calling it just another inflationary bank bailout. But unlike QE1, QE2 is not about saving the ban...

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DK Matai | Posted 05.25.2011

Read More: Bank for International Settlements, Bis, International Monetary Fund, Imf, Gold, Banks, Central Banks, Gold Bars, Cash, Eurozone, European Union, European Central Bank, Eu, Europe, China, Financial Crisis, Global Financial Crisis, Swaps, Spain, Recession, Safe, Greece, Portugal, Piigs, Business News

Editor's Note: This post has been removed from the Huffington Post....

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Bernanke: Fed Must Be Free From Political Meddling

AP | JEANNINE AVERSA and TOMOKO A. HOSAKA | Posted 05.25.2011

Read More: Fed, Federal Reserve, Central Banks, Political Meddling, Bernanke, Bernanke Fed, Interest Rates, Inflation, Monetary Policy, Business News

TOKYO — The Federal Reserve and other central banks must protect their ability to make key economic decisions free from political interference, ...

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Is the Next Financial Crisis Approaching? The Case of Public Debt

Georges Ugeux | Posted 05.25.2011

Read More: Google, Taiwan, Debt, Congress, Dalai Lama, Bankruptcy, Public Debt, United Kingdom, Bank of International Settlements, Bonds, U.S. Treasury, Credit Default Swaps, United States, China, Japan, The White House, Emerging Markets, Interest Rate, G-20 Summit, Gdp, Federal Budget Deficit, Germany, Developed Nations, Budget Surplus, Central Banks, Credit-Risk, Refinance, Financial Institutions, Greece, Business News

China and other foreign countries will not endlessly finance the US budget deficit; China recently sold $34 billion of American treasuries, and now holds less US debt than Japan.

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Why Ben Bernanke Should Not be Confirmed, and the Fed Should Keep its Autonomy

Georges Ugeux | Posted 05.25.2011

Read More: Sub-Prime, Tarp, Democrat, Congress, President Barack Obama, Ron Paul, Congressional Oversight, Republican, Economists, Central Banks, Federal Reserve, Ben Bernanke, Alan Greenspan, Paul Volcker, Business News

One of the casualties of this crisis is the capacity of economists to read the signs and launch warning signals. While Ben Bernanke understands economics and numbers, he lacks the necessary instincts.

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Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 05.25.2011

Read More: Tarp, John McCain, Congress, Fdic, Hank Paulson, Liquidity, International Monetary Fund, Financial Reform, Senate Banking Committee, Ben Bernake, Federal Reserve, Monetary Policy, Chris Dodd, Democrats, European Central Bank, Frankfurt, Bank for International Settlements, Senate, Forum of Financial Stability, Treasury, Washington, Comptroller of the Currency, Central Banks, Sec, Global-Financial-Markets, US, Sheila Bair, Republicans, Politics News

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

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The Annan Plan

Jaime Pozuelo-Monfort | Posted 05.25.2011

Read More: Marshall Plan, Africa, President Truman, Central Banks, Kofi Annan, Multilateralism, Soviet Union, World News

A Marshall Plan for Africa would fight and stop the expansion of heartless capitalism in Subsaharan Africa and increase agricultural output beyond pre-independence levels.

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