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Comment: Small steps or big bang?

A recent collection of papers published by the Bank for International Settlement (BIS) adopts a cautious line in advocating inflation targeting for poor African countries, which may lack the "preconditions" for the regime.

Lebanon's Salameh says currency 'stable'

Lebanon's currency is stable and its banks' reserves remain liquid despite the ongoing Israeli bombing campaign, the central bank governor said in an interview with Britain's Financial Times newspaper published Monday 24 July.

FMC's Basel II Update

The Financial Markets Center published a new survey on Monday 24 July indicating that global implementation of Basel II capital standards is occurring at an uneven pace and only a minority of countries will meet the target starting date of January 2007.

Nepal Rastra Bank - Annual Report 2003-04

According to the Nepal Rastra Bank's Annual Report 2003-04, gross domestic product (GDP) at producers' price and factor cost witnessed growth of 3.7 percent and 3.6 percent respectively in 2003/04.

Comment: Scorecard for the euro

When the single European currency was launched, its expected boost to trade was one of, if not the main, benefits promised. Two recent studies question whether this promise has been met.

ACU calls for new members

The Asian Clearing Union (ACU) concluded its two-day technical committee meeting Wednesday 19 July calling for the admission of countries beyond the ESCAP Asia/Pacific region.

RBA's Battellino on regional capital flows

In the speech 'Regional capital flows' given on 28 June (published 21 July) Ric Battellino of the RBA said cross-border capital flows are growing and they are having an increased bearing on our work as policy-makers.

Roseman on coin and currency issues

In testimony 'Coin and currency issues' given on 19 July Louise Roseman of the Division of Reserve Bank Operations and Payment Systems said a law requiring the Treasury Department to issue new Presidential $1 coin designs every year may not foster…

Monetary policy rules in the pre-EMU era

The ECB Working Paper "Monetary policy rules in the pre-EMU era: Is there a common rule?" analyses the period 1993 to 1998 saying there is no clear agreement regarding the monetary policy pursued in the member countries during the convergence process.

ECB paper on the impact of policy decisions

The ECB Working Paper "The impact of ECB monetary policy decisions and communication on the yield curve" analyses high-frequency changes in the euro area money market yield curve on dates when the ECB regularly sets and communicates decisions on policy…

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