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Dollar depreciation reflects value: IMF's Lipsky
The dollar is now the closest to its medium-term equilibrium value it has been in a decade and is set to remain the global reserve currency, said John Lipsky, the first deputy managing director of the International Monetary Fund.
SWF report from State Street
The latest report from State Street Corporation, a provider of financial services to institutional investors, assesses the impact of sovereign wealth funds (SWFs) on the global economy. Currently State Street estimates that SWFs have about $3 trillion in…
EU imposes sanctions on Zimbabwe
Gideon Gono, the governor of the Reserve Bank of Zimbabwe is barred from the European Union (EU).
Two regional Feds pushed for discount rate rise
Directors of two regional Federal Reserves called for a quarter-point increase to the discount rate last month, it emerged Tuesday.
Boston Fed hires stadium for home-loan class
The scale of the problem in US mortgages has been illustrated by the Boston Federal Reserve holding a workshop for struggling homeowners at the stadium of the New England Patriots, an American football team.
Basel Committee issues revised Basel II rules
The Basel Committee on Banking Supervision has issued proposals aimed at better aligning Basel II's capital requirements with banks' risk profile.
Witnesses say BI official misappropriated funds
Former members of Bank Indonesia's board of governors have said that one of the senior former central bank officials facing graft charges did misuse public funds.
Zimbabwe introduces Z$100 billion note
The Reserve Bank of Zimbabwe on Monday began circulating a Z$100 billion note.
FSA pushes for covert Bank support
The Financial Services Authority (FSA), the UK's financial regulator, has devised a proposal to allow the Bank of England to provide lender-of-last-resort support in secret.
Independent central bank vs myopic government
A new paper published by the International Monetary Fund analyses a series of games between a benevolent central bank and a myopic government in a New Keynesian model.
Solomon Islands - Annual Report 2007
Rick Hou, the governor of the Central Bank of the Solomon Islands, highlighted 11 policy issues and challenges in his remarks on the central bank's latest Annual Report.
Inflation in industrial countries "global"
A new paper published by the Chicago Federal Reserve shows that inflation in industrialised countries is largely a global phenomenon.
Bank of Italy - Annual Report 2007
The Bank of Italy's latest Annual Report spells out the central bank's plans for reorganising its head office, branch network and representative offices.
Ireland to watch fiscal budget
The slowing of growth coupled with the risks facing the economy presents significant issues for fiscal policy, said John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland.
Southern Africa: regional cooperation vital
Regional integration that enhances economic growth is a vital objective of Southern African governments, said Xolile Guma, a deputy governor of the South African Reserve Bank.
Turkish industry's response to competition
Turkish manufacturers reacted to intensive trade competition from low-cost countries and substantial exchange-rate fluctuations during the last decade with increased productivity, product differentiation and wage growth moderation, says a new paper from…
Poor central banks suffer on inflation
Weak central bank finances have a negative impact on the ability of policymakers to effectively react to inflationary pressures, according to new research from the International Monetary Fund.
Mexico looks to squeeze above-target inflation
The Bank of Mexico lifted rates for the second straight month on Friday in a bid to slow inflation which was risen to 5.26% as a result of surging oil and food prices.
Solomon Islands wait on Hou replacement
The delay in appointing a new governor before Rick Houenipwela leaves in August is causing concern at the Central Bank of the Solomon Islands, according to local media reports.
Ghana raises rates to combat record inflation
The Bank of Ghana raised rates by a full percentage point on Monday as spiralling oil and food prices drove inflation to a three-year high of 18.4%.
SNB's Hildebrand backs tough stance on banks
The integrated bank model can be successful even with new and significantly tougher capital and liquidity requirements, said Philip Hildebrand, vice chairman of the Swiss National Bank, in an interview to the Tages-Anzeiger, a Swiss daily.
Sarkozy challenges ECB's accountability
Nicolas Sarkozy, the president of France, is reported to be preparing proposals designed to increase the European Central Bank's (ECB) accountability.
Fed supports minority depository institutions
Randall Kroszner, the governor of the Federal Reserve responsible for supervision, has underscored the central bank's commitment to preserving and supporting minority depository institutions.
Canada constructs core inflation measure
Research published by the Bank of Canada has developed a measure of core inflation for Canada.