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A hands-off central banker?
According to the Working Paper "A hands-off central banker? Marriner S. Eccles and the Federal Reserve Policy, 1934-1951" published April 2006, the Federal Reserve after 1935 acquired new instruments to command monetary policy, but it did not change its…
Prerequisites of a single Gulf currency
According to this article published Monday 8 May, the issuance of a single currency by 2010 in the Gulf Cooperation Council (GCC) member states will crown Gulf economic integration efforts.
Royal Monetary Authority of Bhutan - Ann Rep 04-05
According to the Royal Monetary Authority of Bhutan's Annual Report 2004-2005, the Bhutanese economy recorded a strong real growth during 2004 mainly due to impressive contribution from the construction sector.
Bank of Israel names new deputy governor
Bank of Israel governor Stanley Fischer has named Tel Aviv University economics professor Zvi Eckstein for the position of deputy governor, Haaretz reported.
Angola swears in deputy governors
The Angolan Head of State, Jose Eduardo dos Santos swore in last Wednesday 3 May in Luanda two deputy governors of the National Bank of Angola (BNA).
Qatar appoints central bank chief
Qatar appointed a member of its ruling family to the position of head of the central bank on Sunday 7 May, according to the AME Info website.
Why the dollar is set to plunge
The fundamental reason for the dollar's weakness has become greater since it enjoyed a modest revival from the end of 2004, according to this article published Monday 8 May.
Philippines, Japan sign currency swap
The Philippine central bank and the Bank of Japan have signed a currency swap arrangement letting both countries draw from each other's foreign reserves for any "immediate need".
Asia is getting ready to dump the dollar peg
According to this article published Monday 8 May, even as they continue to pile up U.S. debt in their foreign exchange reserves to keep their currencies stable against the dollar, Asian nations are preparing for a scenario where the dollar collapses…
Comment:Government debt offices gear up for change
Government debt offices play a vital role in managing the cost and risk of government borrowing and in the development of the domestic financial system, but they are frequently overlooked. A recent survey looks at the trends towards concentrated…
PBOC trying to cool overheating sectors
The People's Bank of China is seeking to cool overheating economic sectors such as real estate as well as cut its huge foreign exchange reserves, a senior Chinese government official said.
HKMA's Yam rejects calls to dump dollar peg
The Hong Kong Monetary Authority has said it would resist pressure to re-peg the Hong Kong dollar away from the U.S. dollar and onto the Chinese yuan.
G10 central bankers wary of inflation
Central bank chiefs from leading industrialised and developing countries called on Monday 8 May for "very special attention" to guard against ongoing global economic growth from becoming inflationary.
Joint Forum paper on liquidity risk management
The Joint Forum on Wednesday 3 May released a paper on funding liquidity risk management practices in use by conglomerates engaged in banking, securities and insurance activities.
U.K. inflation targeting and the exchange rate
This St Louis Fed Working Paper, published May 2006, considers whether it is welfare-reducing to target inflation in the CPI rather than in a narrower index.
Kansas Fed's Payments system research briefing
The Kansas City Fed's Payments system research briefing for May 2006, examines the potential for fraud associated with various "traditional" payment methods and the protective measures that consumers should take when using them.
Bank of Botswana - Annual Report 2004
According to the Bank of Botswana's Annual Report 2004, in 2003/04 real gross domestic product (GDP) grew by a provisional 5.7 percent, lower than the revised 7.8 percent growth in 2002/03.
Stratthaus rejects Buba board membership
Gerhard Stratthaus, finance minister of the state of Baden-Wurttemberg, has declined to join the Bundesbank's board, according to the Financial Times Deutschland.
Paper on political authorities and central banks
The Working Paper "Do interactions between political authorities and central banks influence FX interventions? Evidence from Japan" published April 2006 proposes a model that takes account explicitly of differences in exchange rate objective between…
An Asian monetary union?
This Working Paper from The Australian National University, published April 2006, empirically examines whether a group of 12 Asian countries is suitable to form an Asian Monetary Union (AMU).
Issing to leave ECB but monetarism lives on
Otmar Issing's legacy is set to continue, despite his retirement from the European Central Bank at the end of the month, according to this article published Friday 5 May.
Comment: Unravelling the RBA hike
The Reserve Bank of Australia has joined the world's leading central banks in tightening mode. Last week's rate rise was largely unexpected and opinion is split over how far the central bank will go in hiking rates this year.
SNB's Blattner says rates will rise 'gradually'
Swiss National Bank vice-president Niklaus Blattner said on Friday 5 May that Swiss interest rates would continue to rise "gradually" to ensure longer term price stability.
Trichet 'not satisfied' with inflation over 2%
Speaking at the Frankfurt Chamber of Industry and Commerce on Friday 5 May, Jean-Claude Trichet said the European Central Bank is 'not satisfied' with inflation above 2 pct in the euro zone.