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Understanding asset prices: an overview
This BIS paper reviews analytical work carried out by central banks that participated at the Autumn Meeting of Central Bank Economists on "Understanding asset prices: determinants and policy implications", which the BIS hosted on 30-31 October 2006.
St Louis Fed's Regional Economist, April 2007
The St Louis Fed's Regional Economist for April 2007 includes the article 'Growth in Asia spurs oil price increases'. The rapid growth in China and India has led to an increase in demand for oil, which, in turn, has driven up prices. After adjusting for…
Richmond's Lacker on inflation and unemployment
In the speech 'Inflation and unemployment' given on 29 March Jeffrey Lacker of the Federal Reserve Bank of Richmond focused on inflation expectations and emphasised central banks must not take anything for granted.
Reserve Bank of New Zealand Bulletin, Mar 2007
The Reserve Bank of New Zealand published the March 2007 issue of its Bulletin on 30 March. In the Bulletin the Reserve Bank presents a framework for considering how fiscal policy affects the wider economy, an important issue for monetary policy.
Canada's Dodge: Hostility and resentment greet IMF
The troubles in the U.S. housing sector could delay recovery and have "huge consequences" for Canada's economy, Bank of Canada governor David Dodge said Thursday 29 March.
Bahrain's boom will continue says cb chief
Bahrain's economic boom is set to continue, boosted by economic and political reform and higher oil prices, Central Bank of Bahrain governor Rasheed Al Maraj said Thursday 29 March.
Gaspari doubts ECB rates will hit 4.25%
European Central Bank governing council member Mitja Gaspari told a news agency in an interview he had doubts about ECB interest rates reaching 4.25 percent by year-end, based on current information.
Two new members join PBOC committee
A senior official from the State Council and the chairman of the Bank of Communications have been appointed new members to the central bank's 13-member monetary policy committee, Shanghai Securities News reported Friday 30 March.
FSF: Stormy markets require new risk thinking
The Financial Stability Forum said Thursday 29 March the recent turbulence in financial markets shows that market participants need to be prepared for the possibility of a major shift in investors' appetite for risk.
Prepare for Chinese economic change
According to this article by Stephen Roach, published by MoneyWeek on Friday 30 March, China has no choice but to continue monetary tightening as it tries to bring its rapidly growing and unbalanced economy under control.
Chicago Fed's Moskow on monetary policy in the US
In the speech 'The making of monetary policy in the US and the US economic outlook' given on 28 March Michael Moskow of the Federal Reserve Bank of Chicago said the US economy is likely to expand at a rate modestly below its long-run potential for the…
Cleveland Fed's Pianalto on national currencies
In the speech 'The internationalization of national currencies' given on 27 March Sandra Pianalto of the Federal Reserve Bank of Cleveland said the United States benefits from the fact that a large share of world currency reserves is held in dollars.
RBA's Ryan on the kangaroo bond market
In the speech 'Some general observations on the kangaroo bond market' given on 29 March Chris Ryan of the Reserve Bank of Australia said there are some clearly identifiable factors behind the particular strength in the Kangaroo bond market in recent…
Phil Fed paper on competitive effects of Basel II
Analyzing the potential competitive effects of the proposed Basel II capital regulations on U.S. bank credit card lending, the authors of the Philadelphia Fed Working Paper "Competitive effects of Basel II on US bank credit card lending" find that bank…
Uganda's Opiokello on risk management
In the speech 'Business continuity and risk management regional workshop in Uganda' given on 5 February David Opiokello of the Bank of Uganda said regional efforts towards a common monetary and political union of the countries in the region continue.
Norway's Gjedrem on the economic outlook
In the speech 'The economic outlook - address to diplomats' given on 22 March Svein Gjedrem of Norges Bank said the bank would continue to tighten monetary policy and that interest rates would rise in the short term.
Central banks can't break gold link
According to this article published by Miningmx this week, gold holdings by central banks have declined to their lowest level in 60 years.
Sweden's Srejber to step down
Eva Srejber, first deputy governor of the Swedish central bank, announced Thursday 29 March she was stepping down to join the EIB.
Sovereign wealth funds 'set to grow rapidly'
The first in-depth investigation into Sovereign Wealth Management, published Thursday 29 March, estimates excess reserves currently held by central banks in emerging market economies at between $1.5 trillion and $2 trillion, and suggests that this number…
BNB's Coene says ECB more likely to raise than cut
Belgian National Bank deputy governor Luc Coene said in an interview published Thursday 29 March that ongoing inflation risks in the eurozone mean that interest rates are more likely to rise than to fall.
Weber says HICP should include home ownership
The eurozone should revise its measure of inflation to include home ownership costs, according to Axel Weber, the president of the Deutsche Bundesbank and a member of the governing council of the European Central Bank, reported Boersen-Zeitung on…
SARB's Mboweni criticises takeover - report
South Africa's central bank governor has criticised the 2005 takeover by Barclays Plc of South African retail bank Absa, the Financial Times reported on Thursday 29 March.
Central Bank of Iceland, Monetary Bulletin 1/2007
According to the Central Bank of Iceland's Monetary Bulletin for March 2007, published Thursday 29 March, the inflation lower than forecast, but substantial imbalances cloud the long-term outlook.
Richmond's Lacker on community affairs research
In a speech given on 29 March Jeffrey Lacker of the Federal Reserve Bank of Richmond said it was hard to know when restricting access to credit to protect some borrowers was worth choking off credit to others.