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Central banks

Bank practices undermined liquidity, BIS says

In the approach to the credit crisis, practices such as securitisation, dependence on the money markets and use of collateral increased the danger of a liquidity shortfall, according to a report released by the Bank of International Settlements (BIS).

The business of saying no

Rising energy prices have caused an upturn in demand response - or energy curtailment - in the last two years. Elisa Wood looks at how this is impacting power markets

Profile: Matt Cairns

The senior European economist at Moodyseconomy.com, part of Moody's Analytics, talks to Matthew Attwood about the macro trends that define his business

Sovereign wealth saviours

The financial markets have found their new superhero. With major investment banks on their knees after whopping subprime-related writedowns and liquidity in the bond markets severely affected, the arrival of sovereign wealth funds, with their groaning…

The Big Interview: Tim Congdon

The founder of Lombard Street Research and respected economist discusses the precedent for last summer's crisis with Matthew Attwood, and explains how policymakers are damaging the market

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