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Saudi Arabia may bid to host GCC central bank
Saudi Arabia may join Bahrain and the United Arab Emirates in a bid to host the GCC's future central bank, Gulf News reported Tuesday 31 October.
How viable is a single Caribbean currency?
According to this article published on Friday 27 October by The Jamaica Observer, the call for a single Caribbean currency is once again in vogue and questions about the political will to implement it are being raised.
BoJ Outlook for economic activity & prices, Oct 06
The Bank of Japan published the English version of its October 2006 Outlook for economic activity and prices report on 1 November. In the report the BOJ kept to its stance that it will raise interest rates gradually, warning of the risk that very low…
Bond markets as conduits for capital flows
The IMF Working Paper "Bond markets as conduits for capital flows: How does Asia compare?" finds that Europe is more financially integrated than other regions, while Asia already seems to have made more progress on this front than Latin America and other…
Chicago's Moskow on education & economic growth
In the speech 'Can higher education foster economic growth?' given on 30 October Michael Moskow of the Federal Reserve Bank of Chicago said there may be benefits to universities taking a more direct role in economic development in the United States.
National Bank of Ukraine - Annual Report 2005
According to the National Bank of Ukraine's Annual Report 2005, the reduction in the real GDP growth almost to one-fourth in 2005 was determined primarily by considerable structural transformations in the economy, as well as by dampening of the…
Goshev on central banking in Macedonia
In the speech 'Central banking in Macedonia - a brief review of the first 60 years' given on 20 October Petar Goshev of the National Bank of the Republic of Macedonia said today the central bank is a successful and modern institution, with a satisfactory…
Nov rate hike is 'not a done deal' says BoE's King
Mervyn King, the Bank of England's governor, told the House of Lords on Tuesday 31 October that speculation of another interest rate hike in November is not a "done deal".
Researcher says China should diversify reserves
A China-based researcher said in an interview published in the overseas edition of the People's Daily on Monday 30 October that China urgently needs to improve the management of its foreign exchange reserves by diversifying the holding to include natural…
Problem banks may explain Kozlov murder
Former chairman of the Central Bank of Russia, Viktor Gerashchenko, was quoted by RIA Novosti as saying on Monday 30 October that the murder of the CBR's first deputy head in mid-September may have been ordered by a client of a commercial bank under…
Syria says it will peg pound to SDR
Syria plans to remove the pound from its U.S. dollar peg and link it to the International Monetary Fund's special drawing rights (SDR) in the first half of 2007, the central bank governor told Reuters on Monday 30 October.
Iraq central bank officials to train in Bahrain
Sixteen high-ranking officials from Iraq's central bank are to undergo advanced training at the Bahrain Institute of Banking and Finance, the Gulf Daily News reported on Tuesday 31 October.
Interview with Dallas Fed's Richard Fisher
Federal Reserve Bank of Dallas president Richard Fisher told Reuters in an interview published Monday 30 October that after a weak third quarter the US economy seems to be recovering.
Who wants to be a trillionaire?
According to this article from The Economist, published Thursday 26 October, China's foreign-exchange reserves are likely to top $1 trillion as October ends, but what to do with the money poses many problems.
Paper on influences of demand for IMF resources
The main objective of the IMF Working Paper "How does the global economic environment influence the demand for IMF resources" is to quantify the relationship between the global economic environment and the number of Stand-By Arrangements (SBAs).
Buba's Weber on central bank independence
In the speech 'The independence of the central bank and inflation - the Bundesbank example' given on 26 October Axel Weber of the Bundesbank said the most important aspect of central bank independence in the euro area is that the central banks of the…
ECB's Bini Smaghi on monetary, financial stability
In the speech 'Monetary and financial stability: Challenges in South-Eastern Europe' given on 30 October Lorenzo Bini Smaghi of the ECB said financial sector reforms in China and other emerging Asian economies can play a key role in reducing their large…
Bank of Mongolia - Annual Report 2005
According to the Bank of Mongolia's Annual Report 2005, preliminary estimates put real economic growth in the reporting year at 6.2 percent.
Jelasic on the NBS accomplishing its objectives
In the speech 'The National Bank of Serbia accomplishing its objectives' given on 10 October Radovan Jelasic of the National Bank of Serbia said the National Bank's activities, as well its efforts on its own transformation, have shown and proven that the…
Fed's Stern praises inflation targets
Minneapolis Federal Reserve President Gary Stern on Friday 30 October reiterated his support for the introduction of formal inflation targets by the Fed.
New UK £20 'has raft of anti-fraud measures'
The Bank of England unveiled a new £20 banknote featuring the image of economist Adam Smith on Monday 30 October with a raft of improved anti-counterfeiting measures.
BoE's King walks into political storm
Mervyn King, the governor of the Bank of England, was at the centre of a political row Monday 30 October after a speech in chancellor Gordon Brown's constituency in which he lauded Scotland's success and prosperity under the Union.
Thai central bank intervenes again on baht
Bank of Thailand (BOT) has again intervened in the foreign exchange market to slow the baht's sharp rise against the dollar, the bank's governor Tarisa Watanagase said Monday 30 October.
UAE considers reserves options
The UAE's central bank might cut its dollar holdings by anything up to 50% and is looking at the yen, euro and sterling as alternatives, the central bank governor said. It was also announced that Bahrain and the UAE would compete to host the GCC central…