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France must speed reforms - Trichet
European Central Bank president Jean-Claude Trichet said in an interview published Tuesday 11 April that France has been too slow to implement reforms to make its economy more flexible.
Richmond Fed's Economic Quarterly, Winter 2006
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Winter 2006. The latest issue includes the article 'Discretionary policy and multiple equilibria'.
Fed's Bies on recent regulatory proposals
In the speech 'A risk-management perspective on recent regulatory proposals' given on 10 April Susan Schmidt Bies of the Federal Reserve said that banking supervisors were concerned that lenders might be relaxing some terms more than was healthy for them…
Who directs the Federal Reserve Banks?
The Financial Markets Center's tenth annual analysis of Reserve Bank boards of directors, published Monday 10 April, shows that turnover has increased since 2005 while representation of labour and consumer interests remains modest.
NY Fed's Geithner on risk management challenges
In the speech 'Risk management challenges in a changing financial environment' given on 5 April Timothy Geithner of the Federal Reserve Bank of New York said economic stability should not make investors complacent to the possibility of future financial…
Central Bank of Iceland - Annual Report 2005
According to the Central Bank of Iceland's Annual Report 2005, the macroeconomic imbalances that emerged in the second half of 2004 were substantially amplified in 2005.
Iskrov on financial progress and prospects
In the speech 'Financial progress and prospects' given on 21 March Ivan Iskrov of the Bulgarian National Bank said the stable macroeconomic environment in Bulgaria, plus the sustainably high rates of economic growth and the prospects for its membership…
Bank of Greece - Annual Report 2004
According to the Bank of Greece's Annual Report 2004, following the satisfactory growth rate of the Greek economy in 2003 (4.7%), economic activity in Greece began to slow down in the second half of 2004.
Comment: The IMF's challenge
Raghuram Rajan, the IMF's economic counsellor and director of research, said in a speech Monday 10 April at the Kiel Institute that "as the reserves of advanced emerging markets fall, they may well want to re-engage with the Fund". Behind these remarks…
Tanigaki says Japan hasn't escaped deflation yet
Japanese Finance Minister Sadakazu Tanigaki said Saturday 8 April that the world's second-biggest economy has yet to beat deflation fully.
China's forex reserves bring risks: ADB
A senior official at the Asian Development Bank said on Saturday 8 April that China could be accumulating too much foreign exchange reserves and should manage the associated risks carefully.
Interview with ADB's Kuroda
In an interview published on Sunday 9 April, the President of the Asian Development Bank Haruhiko Kuroda said Asian countries, including China, already have ample foreign exchange reserves and there is no need for them to accumulate more.
Fed's Poole: Inflation rise difficult to reverse
William Poole said on Friday 7 April that it would be more difficult for the Federal Reserve to deal with a spike in inflation than a softening of growth.
Is the ECB so special?
The paper "Is the ECB so special? A qualitative and quantitative analysis" analyses the European Central Bank (ECB) monetary policy over the period 1999-2005, both from a qualitative and a quantitative perspective, and compares it with the Federal…
Kyrgyz Rep's Sarbanov resigns
Ulan Sarbanov has been relieved of his post of chairman of the Kyrgyz National Bank "as of 30 March in line with his letter of resignation". The president recently signed the relevant decree, according to the Kyrgyz AKIpress news agency website.
Columbia economist linked to Fed board
The Federal Reserve is reported to be considering appointing former Columbia University economist and ex-Federal Reserve Bank of New York senior staff member Frederic Mishkin as vice chairman of the Fed's board.
ECB statistics: an overview
The European Central Bank (ECB) on Friday 7 April published a document entitled "ECB statistics: an overview". The document updates a similar publication released in May 2000.
Orr on bank capital, risk management & the economy
In the speech 'Bank capital, risk management and the economy' given on 10 April Adrian Orr of the RBNZ said the Reserve Bank is working intensively on the implementation of the new international framework for bank capital adequacy, known as Basel II.
St Louis Fed's Regional Economist, April 2006
The Regional Economist, April 2006 edition, from the St Louis Fed includes the article "Is the U.S. current account deficit dangerous?". Although this deficit has been rising steadily since the early 1990s, a "hard landing" for the U.S. economy is…
ECOFIN's Grasser says Slovenia may join euro in 07
Austrian Finance Minister Karl-Heinz Grasser, whose country holds the rotating EU presidency, said Slovenia has a good chance of joining the euro on 1 January 2007.
Bank of Canada - Annual Report 2005
According to the Bank of Canada's Annual Report 2005, domestically, the Bank's research and analysis in 2005 focused on the efficient regulation of financial institutions and on improving the efficiency of financial markets.
New BOK deputy governor appointed
South Korea's president Roh Moo-hyun on Thursday 6 April appointed Lee Sung-il, CEO and president of the Seoul Money Brokerage Services, deputy governor of the Bank of Korea (BOK).
Turkish governor name sent to president
Turkish State Minister and Chief Negotiator for EU talks Ali Babacan said on Friday 7 April that the government's decision on the appointment of a new central bank governor will be sent to President Ahmet Necdet Sezer today.
Brazil central bank directors resign
Brazil's central bank said in a statement on Thursday 6 April that Alexandre Schwartsman, the head of its international relations department, and Sergio Darcy, chief of its norms department, had asked to step down.