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Hanke attacks Fed at IEA seminar

Professor Steve Hanke of Johns Hopkins University rebuked the Federal Reserve for its conduct of monetary policy at a conference on Tuesday 26 February on "The State of the Economy" hosted by the Institute of Economic Affairs in London.

UK lawmaker laments lack of chief regulator

John McFall, chairman of the Treasury Select Committee which published its comprehensive report on the Northern Rock crisis at the end of February, reiterated his suggestion that the lack of a central figure in charge of Britain's tripartite regulatory…

Ex-minister questions Czech independence

Jan Mladek, a Czech member of parliament and former government minister, has claimed that Vaclav Klaus, the president of the Czech Republic, is abusing his power to appoint senior members of the Czech National Bank's staff.

Hungary abandons euro peg

The Hungarian authorities have abandoned the forint's peg to the euro and moved to a floating exchange rate in a bid to lower inflation and speed up euro-accession.

IMF finds formula for trade-shock recovery

Real exchange rate depreciation, along with improvements in government stability and the institutional environment can lead to a speedy recovery from terms-of-trade shocks, research published by the International Monetary Fund finds.

London calling for Czech governor Tuma?

The Czech government has nominated Zdenek Tuma, the governor of the Czech National Bank, to become the next president of the London-based European Bank for Reconstruction and Development (EBRD).

EU to devise SWF code

The European Commission is to propose a voluntary code of conduct for sovereign wealth funds in a bid to ease fears that their investments could compromise national security interests.

New Canadian governor on globalisation

In this speech - his first as governor of the Bank of Canada - Mark Carney links the dramatic increase in highly structured credit products with emerging-market economies' role as exporters of capital.

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