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Dodge on the Canadian economy
In a speech given on 30 May David Dodge of the Bank of Canada said the past few years have seen extraordinarily strong global economic growth.
Comment: May in Review
Inflation concerns and financial markets volatility returned in the month of May - central bankers around the world, in both the developed and developing world, are suddenly confronted with a very different environment.
ECB paper on catching-up member states
The ECB Working Paper "Implications of monetary union for catching-up member states," published May 2006, examines the implications of monetary union for macroeconomic stabilisation in catching up participating countries.
Fed Reserve Bank of Dallas - Annual Report 2005
The Federal Reserve Bank of Dallas's Annual Report 2005 includes the essay "Racing to the top: How global competition disciplines public policy." All over the world, consumers are getting more of what they buy from other countries. Since 1987, exports…
Rybinski on inflation targeting, challenges ahead
In the speech 'Inflation targeting and the challenges ahead' given on 18 May Krzysztof Rybinski of the National Bank of Poland said that since 1990, when the pioneering Reserve Bank of New Zealand first introduced inflation targeting, over twenty…
Reflections on operating inflation targeting
In a paper delivered on Thursday 25 May at the Graduate School of Business of the University of Chicago, Paul Tucker of the Bank of England sets out some reflections on the operation of an inflation targeting regime after four years on the MPC.
Fed's Olson on community development
In the speech 'Community development and the bigger picture' given on 25 May Mark Olson of the Federal Reserve said recent news on the U.S. economy has been positive on balance and forecasters expect activity to moderate to a more sustainable pace than…
Central bankers eye Norway's clarity on rates
According to this article published by the Financial Times on Friday 26 May, Norges Bank's "subversive" transparency is attracting a great deal of attention in central banking circles.
Russian central bank to manage state oil fund
Russia's central bank has been given the green light to manage the state's fund of oil profits, the Russian minister of finance, Alexey Kudrin, announced earlier this week.
ECB paper on foreign reserves management
The ECB Working Paper "Foreign reserves management subject to a policy objective," published May 2006, studies the implications of introducing an explicit policy objective to the management of foreign reserves at a central bank.
Central Bank of Sri Lanka - Monetary Policy Review
According to the Central Bank of Sri Lanka's Monetary Policy Review for May 2006, both exports and imports expanded further in March 2006 with imports growing at a faster rate mainly due to the increase in the petroleum imports.
Hong Kong Monetary Authority - Annual Report 2005
According to the Hong Kong Monetary Authority's Annual Report 2005, Hong Kong enjoyed robust economic growth in 2005, following a strong and broad-based recovery in 2004.
Knight on Asia, the dollar & global imbalances
In the speech 'Asia, the US dollar and global imbalances' given on 18 May Malcolm Knight of the BIS said global imbalances in current account deficits and budget deficits are "not sustainable".
Bank of Canada Review, Spring 2006
The Bank of Canada published its Review for Spring 2006 on 25 May. The Review includes the article 'Global imbalances - Just how dangerous?' which provides a guide to the major issues and controversies involved in the debate.
ECB's Papademos on globalisation, inflation
In the speech 'Globalisation, inflation, imbalances and monetary policy' given on 25 May Lucas Papademos of the ECB said that globalisation had helped contain prices in the past, but the risks to inflation were now rising due to buoyant world growth.
Comment: Reserves management update
How much has changed in the last year in the world of official reserves management? The same issues - the threat of a weakening dollar, central banks' role in bring this about and their response to it, a continuation of the unprecedented accumulation of…
Bernanke to deliver MIT's commencement address
Federal Reserve chairman Ben Bernanke will deliver the main commencement address at the Massachusetts Institute of Technology on 9 June.
Fed can't ignore stock, home prices says Bernanke
Fed chairman Ben Bernanke said in a written response to a senator that the US central bank cannot turn a blind eye to price changes for stocks and homes when deciding on interest rates, but should take action only when they threaten the overall economy.
UAE offers training to central bank of Afghanistan
The central bank of the UAE on Thursday 25 May offered to provide the central bank of Afghanistan with technical training for its staff, the Khaleej Times reported.
PBOC's Tang says China may not tighten further
China may not need to tighten its macro-economic policy further in the near future, Tang Xu, the director of the People's Bank of China's research bureau, said in an interview published in the official Shanghai Securities News.
Bush has 'total confidence' in Bernanke
President George W. Bush has "total confidence" in Federal Reserve chief Ben Bernanke, a top White House adviser said in an interview on Thursday 25 May.
China's reserve center to open in July
The China International Reserve Center will open in Shanghai this July, according to the China Knowledge website.
China will strictly control new bank loans
China's banking regulator said in a statement published Thursday 25 May that it will strictly control the issuance of new loans.
Comment: Volatility returns
Before recovering somewhat this week, stock markets around the world from Bombay to New York to Sydney to Moscow took a beating last week and on Monday. Here is a quick look at some recent arguments on what this means for central bankers.