Central Banks Unloading Less Of Gold Stock.
Byline: Arindam Saha & Arnav Pandya MUMBAI: Housewives rarely have the heart to sell gold even if they have purchased it only for investment. Now, they have company in the form of global central banks, which are hoarding the yellow metal and even shopping for more despite...

Independent central banks: new and old.
In the 1990s, several governments gave their central banks operational independence to pursue low inflation, and steps were taken to make the new monetary policy more credible by making it more transparent (Bernanke et al. 1999). The governor of the Reserve Bank of New Zealand is subject to dismissal...

RBI pulls out forex from foreign banks.
Byline: Gayatri Nayak MUMBAI: The central bank appears to have carried out changes to its forex reserve management strategy by pulling out substantial funds parked with many high-street banks. The shift may have been prompted by the recent developments in the global financial markets. New...

RBI pulls out forex from foreign banks.
Byline: Gayatri Nayak (##include msid=2459375,type=9 ##) MUMBAI: The central bank appears to have carried out changes to its forex reserve management strategy by pulling out substantial funds parked with many high-street banks. The shift may have been prompted by the recent developments in the global...

Monetary policy frameworks--Norges Bank in the light of the literature and international practice.
The past 20 years have brought major changes in monetary policy, in Norway and abroad. Most central banks now have instrument independence, and price stability is the common objective of monetary policy. The organisation of the monetary policy decision within central banks has also changed. This decision is now...

State-sanctioned counterfeiting: the Federal Reserve's little-understood financial operations have just gotten a bit more arcane, thanks to the recent creation of the Term Auction Facility, or TAF.
[ILLUSTRATION OMITTED] The Federal Reserve, like all central banks, is primarily engaged in manipulating the money supply. Nowadays, in the absence of any precious-metal standard tied to government money, the amount of money that central banks can create out of thin air (aptly named "fiat money") is...

Equities likely to consolidate; global cues mixed.
MUMBAI: Equities are likely to be in a consolidation mode Friday. While US cues bode well for the market, Asia throws mixed signals. European Central Bank, Bank of England and Bank of Korea have left benchmark rates unchanged in a move to give the central banks time...

Funds pump in $1 b into Asian market last week.
MUMBAI: Asia (excluding Japan) equity funds and Latin American equity funds saw healthy inflows during the second week of September. However, inflows into most fund groups were subdued as investors doubted the ability of central banks to cut interest rates in the face of rising oil prices and fresh...

Living life on the edge with elan.
Ajay Parmar Head Research-Institutional Equities, Emkay Share & Stock Brokers August was an eventful month for markets across the globe and India was no exception. The US sub-prime issues cropped up to such an extent that central banks across the world had to inject around $350 billion...

Sensex bounces back 149 pts.
MUMBAI: The BSE sensex started the week on a winning note ending 149 points higher on buying support from funds. Investor confidence was boosted as a number of central banks injected funds into the market to ease the current liquidity crunch stemming from risky lending practices in the US...