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Governors matter - new paper
This new working paper from the Peterson Institute for International Economics looks at whether or not monetary policy expectations are affected by the appointment of a new central bank governor.
Central banks and economic research
In this speech, Jean-Claude Trichet, the president of the European Central Bank, emphasises the importance of research to the work central banks do.
What next from Chinese reserve managers?
These two articles analyse this week's announcement that the new agency managing part of China's $1.2 trillion in foreign reserves will buy a $3 billion stake in the American private equity firm, Blackstone Group LP.
Cyprus's Orphanides prioritises euro entry
The newly-appointed governor of the Central Bank of Cyprus, Athanasios Orphanides, has told the country's parliament that overseeing a smooth introduction to the euro in January is the central bank's number one priority.
Norwegian oil fund up 1.5%
Norway's Government Pension Fund - Global produced a total return on investment of 1.5% during the first quarter of 2007, which the Bank of Norway said was 0.09 percentage points above the benchmark set by the government.
New board for German regulator
A new board will govern BaFin, the German banking supervision agency, following an internal fraud scandal that gripped the agency in 2006.
Hedge funds to rebuff German regulators
According to reports, updated guidelines on best practice published by hedge fund industry associations on 22 May will not heed German calls for a full voluntary code of conduct for the industry.
A new RTGS system for Iraq
The Iraqi central bank has reportedly started with the implementation of a new electronic real-time gross settlement payment system.
Malaysian governor on Islamic Finance
Dr. Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia gave a speech at the 4th IFSB summit on 15 May 2007 regarding the need for a cross-sectoral approach in Islamic financial services.
SARB's Guma on SA debt market
In this speech, Dr X.P. Guma, the Deputy Governor of the South African Reserve Bank argues that sovereign debt markets will need to address the inability of adjacent emerging and developing to raise financing in their own currencies beyond their own…
Trichet interview
This Financial Times interview with Jean-Claude Trichet, President of the European Central Bank, covers a variety of topics from the German economy and eurozone growth, to the need for further structural reforms on the Continent, and the prospects of the…
Latest St Louis Fed Review published
The Federal Reserve Bank of St. Louis has published its May/June issue of its Review, a journal covering national and international economic developments, particularly focusing on their monetary aspects.
Kuwait removes dinar's dollar peg
The central bank of Kuwait de-linked its currency, the dinar, from the depreciating dollar on 20 May and opted for an exchange rate mechanism tied to a basket of other currencies.
ECB holds rates steady
The European Central Bank held its key interest rate steady at 3.75% on 17 May, in the light of strong growth prospects but hinted that inflation is becoming a concern.
China hikes rates, loosens currency markets
The People's Bank of China raised interest rates for the fourth time in a year on 18 May and widened the yuan's daily trading limit against the dollar.
If China's market bubble flattens, will SA pop?
This article, from the South African "Business Report", examines what the possible outcome to the country will be if Chinese stock markets undergo a sudden correction.
Europeans react to Wolfowitz departure
Following the announcement that Paul Wolfowitz, the under-fire president of the World Bank, will step down on 30 June, European government officials are calling for the Bank to rebuild its credibility.
Trichet supports hedge fund code of conduct
There is growing support around the world for a proposed voluntary code of conduct for hedge funds, European Central Bank president Jean-Claude Trichet said recently.
ECB head says UK should join eurozone
Jean-Claude Trichet, president of the European Central Bank, questioned the UK's refusal to join the eurozone, in an interview in the Financial Times on 17 May.
Riksbank board divided on rate hold decision
The Swedish Riksbank's monetary policy meeting was divided in its recent decision to leave the rate unchanged, according to reports.
Papers for Kansas Fed payments event
Non-banks are becoming increasingly prominent in payments systems around the world. The three-day conference look at the implications of this heightened presence for innovation, competition and risk.
Thai fin min wants to keep control of BoT
Reuters quoted a senior official this week as saying the Thai Finance Minister Chalongphob Sussangkarn wants to keep the power to appoint or fire the Bank of Thailand governor.
Philadelphia Fed Business Outlook Survey, May 2007
According to the firms surveyed for the Philadelphia Fed's May 2007 Business Outlook Survey, activity in the region's manufacturing sector improved slightly in May.
Fed's Kroszner on globalization & capital markets
In the speech 'Globalization and capital markets: Implications for inflation and the yield curve' given on 16 May Randall Kroszner of the Federal Reserve said the ease that investors can move money around the globe has spurred a "currency competition"…