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Norway's Gjedrem on petroleum wealth
In the speech 'The management of petroleum wealth' given on 8 November Svein Gjedrem of Norges Bank said the Petroleum Fund is a very long-term savings plan.
ECB's Issing on addressing global imbalances
In the speech 'Addressing global imbalances: the role of macroeconomic policy' given on 4 November Otmar Issing of the ECB said structural reforms in Europe and Japan may help to promote growth and resilience and are in the countries' own best domestic…
Comment: Bold plan for FX reserves
Sometimes unique policy dilemmas require unorthodox policy responses. A recent IMF discussion paper offers a bold suggestion for central banks facing increasingly sharp trade-offs related to the management of their foreign exchange reserves.
Is cb independence all it's cracked up to be?
The article "Is central bank independence all it's cracked up to be?" written by Joseph Stiglitz and published on Tuesday 15 November says as Alan Greenspan departs, he leaves behind a heavily burdened US economy that is already contributing to global…
Yosano downplays BOJ criticism
Japan's economic and fiscal policy minister Kaoru Yosano downplayed criticism Tuesday 15 November within the government over the Bank of Japan's plan to explore an end to its ultra-loose monetary policy.
SARB may increase gold reserves
The South African Reserve Bank might increase its gold reserves, its head said Tuesday, but gave few details.
Senate panel gives Bernanke go ahead as Fed chair
The U.S. Senate Banking Committee on Wednesday 16 November approved the nomination of Ben Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote.
Bernanke urges action on China currency
Federal Reserve chairman-designate Ben Bernanke has called on China to reform its currency regime in the interests of its own economy.
Bank of England Inflation Report, November 2005
The Bank of England published its November 2005 Inflation Report on 16 November. In the report the Bank said inflation is set to meet the 2.0 percent target in two years.
Kansas Fed paper on the FOMC & the great inflation
The Federal Reserve Bank of Kansas City has published a Working Paper by Sharon Kozicki and P.A. Tinsely titled "Perhaps the FOMC did what it said it did: An alternative interpretation of the great inflation".
Sri Lanka's economy overcomes tsunami setback
The Central Bank of Sri Lanka has released its report on Recent Economic Developments - Highlights of 2005 and Prospects for 2006. The Report highlights the performance of the economy in 2005 and prospects for 2006.
Koizumi vs Fukui trumps Bush vs Greenspan
This article published on Wednesday 16 November says that with each passing day, disagreements with the government over when the Bank of Japan should stop flooding the economy with cash seem to intensify.
Comment: Bernanke hits the ground running
While arguing that he will take his time in building the case for an inflation-targetting Fed, Ben Bernanke's remarks during his confirmation hearing yesterday before the US Senate Banking Committee made clear that he remains a proponent of the framework.
Bernanke hawkish on inflation
In his confirmation hearing before the US Sentate Banking Committee, Ben Bernanke expressed some concerns about the current inflation rate in the US.
New currency for Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) has announced that it will introduce a new currency next year. RBZ governor Gideon Gono said the new currency would be unveiled "at a date to be announced".
Duck-soo urges BoK caution
South Korea's finance minister, Han Duck-soo, said on Tuesday 15 November that the Bank of Korea should be "more cautious" in raising interest rates.
EC endorses amended IAS 39
The European Commission (EC) has endorsed the amended version of the International Accounting Standard 39 (IAS 39).
Fed's Olson on US payment systems
At a EU/U.S. Retail Banking Forum Conference in Brussels on November 15, US Federal Reserve governor, Mark W. Olson, offered some insights into the US payments system.
Market drives US payment systems - Fed's Olson
In a speech at the First EU/US Retail Banking Forum Conference in Brussels, US Federal Reserve governor Mark W. Olson said the private and public sectors have contributed to a "more efficient national payments system that facilitates greater commerce and…