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IMF paper on the European single financial market
The IMF Working Paper "The lender of last resort in the European single financial market" published May 2006 examines challenges in effectively implementing the lender-of-last-resort function in the EU single financial market.
BoJ's Fukui on quantitative easing
In a speech given on 1 June Toshihiko Fukui of the Bank of Japan said the central bank's quantitative easing policy, which lasted for nearly five years till March 2006, helped in bringing recovery back to the deflation-hit Japanese economy.
Nickell: 'Are Europeans lazy? Or Americans crazy'
In the speech 'Are Europeans lazy? Or Americans crazy?' given on 27 May Stephen Nickell of the Bank of England said there is no clear explanation as to why people in France and Germany work less than those in Britain, the United States or in Scandinavian…
Fed minutes show uncertainty on future hikes
Federal Reserve policymakers at their May meeting considered raising a key interest rate by half a percentage point before deciding on a quarter-point increase, minutes published Wednesday 31 May showed.
Monetary policy conduct of the Swiss National Bank
The Bank of Japan Working Paper "Monetary policy conduct of the Swiss National Bank: the experience from 2001 to 2004" published May 2006 investigates the monetary policy conduct of the SNB during the period 2001 to 2004 and the accompanying financial…
Sveriges Riksbank, Financial Stability Report 1:06
Sweden's central bank, the Sveriges Riksbank, published its first Financial Stability Report for 2006 on 31 May. The prospects of the financial system managing potential shocks are good, according to the report.
RBA's Stevens calls for continuity
Glenn Stevens, deputy governor of the Reserve Bank of Australia, has called for "continuity" above all else when it comes to finding a replacement for governor Ian Macfarlane in September.
Japan's Tanigaki sees continuity with Paulson
Japanese Finance Minister Sadakazu Tanigaki said Wednesday 31 May that he does not believe, at least for now, that there will be a change in the U.S. foreign exchange policy under Treasury Secretary nominee Henry Paulson.
ECB's Wellink says ECB should raise rates
European Central Bank council member Nout Wellink said in an interview that interest rates need to be increased because of rising inflation expectations.
PBOC to increase yuan flexibility
The People's Bank of China said in its first quarter monetary report that it will increase the flexibility of the yuan's exchange rate mechanism and intervene less in determining the currency's value.
Former Fed chair Volcker faults US policy
Former chairman of the Federal Reserve Paul Volcker has said US policy abroad is too abrasive.
Bank of Jamaica to stick with US dollar reserves
The governor of the Bank of Jamaica, Derick Latibeaudiere, has said that the central bank will continue to maintain Jamaica's net international reserves (NIR) in U.S. dollars.
Comment: Replacing Issing
Pressure is mounting on the ECB to finalise the reshuffle of its executive board, necessitated by the departure of its chief economist and head of research, Otmar Issing, this week. The absence of any official announcements on the matter is leading to…
RBA's Stevens on risk and the macroeconomy
In the speech 'Risk and the macroeconomy' given on 27 May Glenn Stevens of the Reserve Bank of Australia said interest rates around the world can't stay low and steady ``permanently'' and central banks will continue to control inflation.
Yellen on monetary policy in a global environment
In the speech 'Monetary policy in a global environment' given on 27 May Janet Yellen of the Federal Reserve Bank of San Francisco said a depreciation in the U.S. dollar could increase the need for tighter Federal Reserve monetary policy.
BIS paper on dynamic prudential regulation
The BIS Working Paper "Dynamic prudential regulation: Is prompt corrective action optimal?" investigates whether reliance on book-value capital is a good policy choice and if PCA is an optimal regulatory approach.
Which news moves the euro area bond market?
This ECB Working Paper explores a long dataset (1999-2005) of intraday prices on German long-term bond futures and examines market responses to major macroeconomic announcements and ECB monetary policy releases.
Bush nominates Henry Paulson as Treasury Secretary
US President George W. Bush on Tuesday 30 May said he would appoint Hank Paulson, chief executive of Goldman Sachs, to take over from John Snow as treasury secretary.
BoE's Blanchflower approved by committee
The parliamentary Treasury Select Committee endorsed on Tuesday 30 May David Blanchflower's appointment to the Bank of England's Monetary Policy Committee.
Fukui says zero rate policy depends on economy
Bank of Japan governor Toshihiko Fukui said in parliamentary testimony on Tuesday 30 May that ending the central bank's zero interest rate policy depends on economic growth and inflation.
ECB's Issing warns against EMU 'tensions'
European Central Bank chief economist Otmar Issing is warning against "tensions" in the European monetary union, according to an interview published in Handelsblatt on Monday 29 May.
IMF's Rato offers condolences after earthquake
Rodrigo de Rato, Managing Director of the International Monetary Fund, made a statement offering his deepest condolences on Sunday 28 May regarding the earthquake affecting Indonesia.
IMF names Liam P. Ebrill as HR director
Rodrigo de Rato, Managing Director of the IMF, on Friday 26 May named Liam P. Ebrill to the position of Director of the Human Resources Department to succeed Jorge Marquez-Ruarte.
New Zealand hosts EMEAP central bank governors
Central bank governors from major countries in the region gathered in New Zealand over the weekend to discuss common issues, Reserve Bank of New Zealand governor Alan Bollard said Monday 29 May.