Organisation for Economic Cooperation and Development (OECD)
Bank of Canada paper evaluates degree of banking stress in high-income countries
Bank of Canada study shows high-income countries dominated capital flows and experienced largest banking sector stresses during crisis
IMF paper measures longevity of housing cycles
Fund study examines the dynamics of housing market cycles and the length of boom-and-bust periods
OECD asks central banks to hold rates
OECD asks for rates hold and revises growth forecasts downwards; chief economist says further QE in the US "could be appropriate”
ECB paper identifies source of slump in global trade
European Central Bank study says numerous components of final expenditure contributed to sharp decline in global trade during financial crisis
Expansionary effects of fiscal contractions overstated: IMF paper
Fund study finds bias in literature towards expansionary effects on fiscal contractions
OECD says crises will continue to occur
Organisation for Economic Cooperation and Development report warns crises are likely to repeat themselves as the global economy becomes more interconnected
SWF legal immunity poses challenge for lawmakers
Panel on sovereign wealth funds says use of foreign immunity in legal disputes could jeopordise independence of funds
Noyer expects euro area growth to weaken
Banque de France governor Christian Noyer says euro area growth may slow in coming quarter due to scars left on economies from crisis
OECD and South Africa to set up first African sovereign debt management centre
New centre will train African government officials in managing sovereign debt and set up a government debt database for the region
OECD calls for Fed and BoE to hike rates
OECD says close-to-zero policy rates in advanced countries are no longer needed; urges Federal Reserve and Bank of England to start raising rates
Creditless recoveries not uncommon: IMF paper
Fund study finds creditless recoveries are common and may result from impaired financial intermediation
RBA’s Edey elected head of influential OECD committee
Reserve Bank of Australia assistant governor Malcolm Edey selected as chair of financial markets committee
How to ease Basel III costs: BIS
Bank for International Settlements study says banks can increase lending spreads to recoup costs from higher capital requirements
G20 calls for bigger, better FSB to carry reform agenda
G20 leaders at Seoul summit identify areas in which further progress in needed, calling on Financial Stability Board to take the lead and drive reform; ask FSB to report on what extra resources it needs
SNB: rich nation imports deskill developing economies
Swiss National Bank says trade with richer nation depresses relative wage of skilled workers in less developed countries
OECD reappoints Gurría as secretary-general
Angel Gurría commits to second term as secretary-general at Organisation for Economic Cooperation and Development
BoE: consumption volatility explains global decline in real interest rate
Bank of England study shows lower global real interest rates caused by higher consumption volatility in traded goods
OECD warns on global slowdown
G7 growth set to slow to 1.5% in the second half of the year; chief economist advocates more QE if slowdown does become entrenched
BoK’s Kim on upcoming G20 summit
Bank of Korea governor Kim Choong-soo hails country as model for the world
HKMA: Australia’s investment-led deficit well balanced
Hong Kong Monetary Authority study shows that current account deficits are not always a bad thing
BoK minutes: Holding rates could cause economic imbalances
Bank of Korea Monetary Policy Committee minutes show decision to hold rates was not so clear cut
Temasek Holdings’ portfolio hits record high
Singaporean sovereign wealth fund Temasek Holdings says portfolio has hit record of $135 billion; fund chief credits increased exposure to Asian emerging markets
Kim opens new chapter for Bank of Korea
Recently appointed governor of the Bank of Korea sets out future strategy for bank and country
Fischer accepts second term at Bank of Israel
Bank of Israel governor agrees to stay on for further five years after new central bank law passes in the Knesset calling for Monetary Policy Committee