BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 80: BIS ANNUAL REPORT
June 30, 2009 at 1:16 am | In Economics, Financial, Globalization, Research | Leave a Comment
BIS Review
Bank for International Settlements
BIS Review No 80 available
Press, Service (press@bis.org)
Publications, Service (Publications@bis.org)
Mon 6/29/09
Please find BIS Review No 80 attached as an Adobe Acrobat (PDF) file.
Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.
What’s included?
BIS Review No 80 (29 June 2009)
BIS Annual Report: Rescue, recovery, reform – the narrow path ahead?
BIS statement of account for May 2009
Jaime Caruana: The narrow path ahead
General Managers’s statement, BIS press conference
please e-mail press@bis.org.
BIS Review
Bank for International Settlements
BIS Review No 80 available
Press, Service (press@bis.org)
Publications, Service (Publications@bis.org)
http://www.bis.org/review/index.htm
Mon 6/29/09
“GREEN SHOOTS” IDEA MISLEADING POLICYMAKERS?
June 29, 2009 at 1:23 am | In Economics, Financial, Globalization, Research, USA, United Kingdom, World-system | Leave a Comment
The Financial Times
New Samuel Brittan article:
'Green shoots' debate misleads policymakers andrew.heavens@gmail.com
Sat 6/27/09
The Financial Times 26/06/09
'Green shoots' debate misleads policymakers Jean-Claude Trichet, president of the European Central Bank, has said that output is now falling "at a decreasing rate". It is highly likely that we will have before long a quarter or two of stable output - probably first in the US and last in the eurozone, with the UK in between. The interesting question is where we go from there. http://www.samuelbrittan.co.uk New Samuel Brittan article: 'Green shoots' debate misleads policymakers
andrew.heavens@gmail.com
The Financial Times 26/06/09
http://www.samuelbrittan.co.uk
Sat 6/27/09
FINANCIAL STABILITY FORUM: BASEL MEETINGS
June 28, 2009 at 1:22 pm | In Economics, Financial, Globalization, Research | Leave a Comment
Financial Stability Board (FSF)
Basel
FSF Alert
Sun 6/28/09
FSF e-mail alert on 28.06.2009 06:09 (GMT)
financial stability international
1 new document(s) found since 27.06.2009.
1. Inaugural Meeting of the Financial Stability Board, Basel (26-27 June 2009) (02.04.2009 17:00) – PDF 39311 bytes
Press Release
…27 June 2009 Financial Stability Board holds inaugural meeting in Basel The Financial Stability Board (FSB) held its inaugural meeting in Basel on 26-27 June.
This was the first meeting since the Financial Stability….
http://www.financialstabilityboard.org/press/pr_090627.pdf
Financial Stability Board (FSF)
FSF Alert
Basel
Sun 6/28/09
IMF: GLOBALIZATION
June 26, 2009 at 8:51 pm | In Development, Economics, Financial, Globalization, Research, World-system | Leave a Comment
IMF Update: IMF Research Bulletin
NewContent@InternationalMonetaryFund.org
Fri 6/26/09
New item:
IMF Research Bulletin — June 2009:
New Q&A feature in this issue focuses on “Seven Questions about Recessions” (by Marco Terrones); IMF research summaries on financial stress (by Selim Elekdag) and on the real effects of the 2007-08 financial crisis (by Hui Tong); listing of visiting scholars at the IMF during April-June 2009; listing of recent IMF Working Papers; listing of contents of Vol. 56 No. 2 of IMF Staff Papers; listing of recent external publications by IMF staff; and a feature on Staff Position Notes, the IMF’s new policy paper series, including a list of recent papers.
http://www.imf.org/External/Pubs/FT/irb/2009/02/index.pdf
To view and print pdf files you need the free Adobe Acrobat Reader which is available at:
http://www.adobe.com/products/acrobat/readstep.html.
For tracking globalization and its impact on individual economies, please see the new IMF Survey magazine online at http://www.imf.org/external/pubs/ft/survey/so/home.aspx
News, views, and analysis from the IMF.
Send a message to webmaster@imf.org.
IMF Update: IMF Research Bulletin
NewContent@InternationalMonetaryFund.org
http://www.imf.org/external/pubs/ft/survey/so/home.aspx
http://www.imf.org/External/Pubs/FT/irb/2009/02/index.pdf
Fri 6/26/09
BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 78: FINANCIAL SYSTEM
June 24, 2009 at 3:00 pm | In Economics, Financial, Globalization, Research | Leave a Comment
BIS Review
Bank for International Settlements
BIS Review No 78 available
Press, Service (press@bis.org)
Publications, Service (Publications@bis.org)
Wed 6/24/09
Please find BIS Review No 78 attached as an Adobe Acrobat (PDF) file.
Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.
What’s included?
BIS Review No 78 (24 June 2009)
Jean-Claude Trichet: Supporting the financial system and the economy – key ECB policy actions in the crisis
Tom Alweendo: Announcement of the commencement date of the Financial Intelligence Act 2007
Thomas Jordan: Low interest rates – blessing or curse?
Elizabeth A Duke: Containing the crisis and promoting economic recovery
José Manuel González-Páramo: Beyond the financial crisis – some issues on the future of central banking
please e-mail press@bis.org.
BIS Review
Bank for International Settlements
BIS Review No 78 available
http://www.bis.org/review/index.htm
Press, Service (press@bis.org)
Publications, Service (Publications@bis.org)
Wed 6/24/09
POLICY RESPONSE TO THE GLOBAL FINANCIAL CRISIS
June 22, 2009 at 6:21 pm | In Development, Economics, Financial, Globalization, Research, Third World, World-system | Leave a Comment
South Centre:
Policy Response to the Global Financial Crisis
South Centre (south@southcentre.org)
Mon 6/22/09
June 2009
Dear Sir/Madam,
Attached please find the New South Centre Paper
(May 2009):
Policy Response to the Global Financial Crisis:
Key Issues for Developing Countries.
This new paper, authored by South Centre’s Special Economic Advisor, Dr Yilmaz Akyüz, deals with the global financial crisis and developing countries.
The first part is on what is needed to support the required policy response in developing countries. The second part is on the required reform to the international financial architecture. A summary of policy conclusions and proposals is at the end.
We hope you will benefit from this paper and we look forward to getting your views.
You can write to us at south@southcentre.org
Yours sincerely,
Martin Khor
Executive Director,
South Centre
Download the whole issue by 
clicking here or going to South Centre webpage at:
http://www.southcentre.org/index.php?option=com_content&task=view&id=1016&Itemid=1
Now the French version of the paper is also available at:
http://www.southcentre.org/index.php?option=com_content&task=view&id=1016&Itemid=1〈=fr
Please send you comments to: south@southcentre.org
South Centre Website: http://www.SouthCentre.org
(South Centre Blog and South Centre DigitalTV)
South Centre: Policy Response to the Global Financial Crisis
South Centre (south@southcentre.org)
http://www.southcentre.org/index.php?option=com_content&task=view&id=1016&Itemid=1
Mon 6/22/09
STEFAN ZWEIG AND THE OPACITY OF HISTORY
June 21, 2009 at 3:25 am | In Art, Books, History, Literary | Leave a Comment
Stefan Zweig (1881-1942)
In his great autobiography, “The World of Yesterday,” the Austrian-Jewish writer Stefan Zweig makes an extremely astute comment on the opacity of history, when he says:
It remains an irrefragable law of history that contemporaries
are denied a recognition of the early beginnings of the great
movements which determine their lives.
The World of Yesterday, 1964 University of Nebraska Press paperback reprint, Chapter XV, opening lines, page 358.
The World of Yesterday
World of Yesterday (German title Die Welt von Gestern) is the autobiography of Austrian writer Stefan Zweig.
He started writing it in 1934 when, anticipating Anschluss and Nazi persecution, he uprooted himself from Austria to England and later to Brazil. He posted the manuscript, typed by his wife, to the publisher a day before their suicides in February, 1942 . The book was first published in April 1943 byViking Press.
The book describes the life of the young artistic Vienna of the turn of the century with detailed anecdotes.
“When I attempt to find a simple formula for the period in which I grew up, prior to the First World War, I hope that I convey its fullness by calling it the Golden Age of Security.”
(opening lines of book, Chapter I, “The World of Security” page 1)
(Zweig, The World of Yesterday)
Stefan Zweig (1881-1942) was a poet, novelist, and dramatist, but it was his biographies that expressed his full genius, recreating for his international audience the Elizabethan age, the French Revolution, the great days of voyages and discoveries. In this autobiography he holds the mirror up to his own age, telling the story of a generation that “was loaded down with a burden of fate as was hardly any other in the course of history.” Zweig attracted to himself the best minds and loftiest souls of his era: Freud, Yeats, Borgese, Pirandello, Gorky, Ravel, Joyce, Toscanini, Jane Addams, Anatole France, and Romain Rolland are but a few of the friends he writes about.
Stefan Zweig (1881-1942)
“FINANCIAL TIMES”: TWO SAMUEL BRITTAN ARTICLES
June 21, 2009 at 2:43 am | In Economics, Financial, Globalization, Research, United Kingdom | Leave a Comment
The Financial Times 12/06/09
Two new Samuel Brittan articles
Sat 6/20/09
It is time to put Europe on hold
The Financial Times 12/06/09
The best practical proposal would be to call a halt to further institutional deepening and concentrate on making the existing EU work better. This is what Eurocrats say will happen after each new expansion of EU powers. It never does, of course.
http://www.samuelbrittan.co.uk/text338_p.html
Inflation can act as a safety valve
The Financial Times 29/05/09
The real snag about indexation remains the problem of wages. As Keynes, Prof. Shiller himself and many others have observed, workers accept more readily a real wage cut arising from a rise in the general level of prices than an actual reduction in what they are paid. Prof. Shiller tries hard to find a unit in which workers could accept with good grace a reduction in real pay; but I do not think he succeeds. In some circumstances a little bit of old-fashioned inflation is the best safety valve available.
http://www.samuelbrittan.co.uk/text337_p.html
Two new Samuel Brittan articles
The Financial Times 29/05/09
Sat 6/20/09
GLOBAL ECONOMIC CRISIS AND THE DEVELOPING WORLD
June 20, 2009 at 12:43 am | In Development, Economics, Financial, Research, Third World, World-system | Leave a Comment
South Bulletin:
Focus on Policy Response to the Economic
Crisis
South Centre (south@southcentre.org)
Fri 6/19/09
Dear Sir/Madam
Geneva 6 June 2009
Attached please find the latest:
South Bulletin (6 June 2009):
FOCUS ON POLICY RESPONSES TO THE ECONOMIC CRISIS. The focus of this issue is on the policy measures and international actions needed to assist developing countries in facing the global economic crisis.
The South Centre has produced a major paper on this theme, and the Bulletin provides a summary.
This issue of the Bulletin also publishes a statement made by the Chair of the G77 and China at the opening phase of the negotiations in New York to prepare for the UN Conference on the financial and economic crisis and its effects on development. The Conference will be held on 24-26 June.
We hope you will benefit from this issue of the South Bulletin and we look forward to getting your views.
You can write to us at south@southcentre.org .
Download the whole issue by clicking here or going to South Centre webpage at:
http://www.southcentre.org/index.php?option=com_content&task=view&id=1017&Itemid=1
Please send your comments to: south@southcentre.org
South Centre Website: http://www.SouthCentre.org
With best wishes,
Martin Khor
Executive Director, South Centre
South Bulletin:
Focus on Policy Response to the Economic
Crisis
South Centre (south@southcentre.org)
http://www.southcentre.org/index.php?option=com_content&task=view&id=1017&Itemid=1
Fri 6/19/09
TAMING THE CREDIT CYCLE: DALLAS FED
June 19, 2009 at 3:12 pm | In Economics, Financial, Research, USA | Leave a Comment
Federal Reserve Bank of Dallas
Dallas Fed Economic Letter
Vol.4 No.4 June 2009
Maximum Loan-to-Value Ratio Is Key Reform
Taming the Credit Cycle by Limiting
High-Risk Lending
Dallas Fed Publications (dal.webmaster@dal.frb.org)
Fri 6/19/09
http://dallasfed.org/research/eclett/2009/el0904.html
Constraining high-risk real estate lending during credit booms should be a key aim for financial reform, according to the June issue of Economic Letter.
“Taming the Credit Cycle by Limiting High-Risk Lending” contends that a maximum loan-to-value ratio–the restriction of a loan’s amount to no more than a specified percentage of the underlying real estate’s appraised value–would guard against the speculative borrowing that leads to credit booms
Federal Reserve Bank of Dallas publications
We welcome your comments, questions and suggestions.
Please e-mail us at dal.webmaster@dal.frb.org.
Federal Reserve Bank of Dallas 2200 N. Pearl St.
Dallas TX 75201
Federal Reserve Bank of Dallas
Dallas Fed Economic Letter
Vol.4 No.4 June 2009
Maximum Loan-to-Value Ratio Is Key Reform
Taming the Credit Cycle by Limiting High-Risk
Lending
http://dallasfed.org/research/eclett/2009/el0904.html
Dallas Fed Publications (dal.webmaster@dal.frb.org)
Fri 6/19/09
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