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IMF appoints new Director for Asia office
International Monetary Fund Managing Director Rodrigo de Rato named Akira Ariyoshi as Director of the IMF's Regional Office for Asia and the Pacific on Wednesday 5 October.
Will a dark horse win race to succeed Greenspan?
This article published on Thursday 6 October says comments by US President Bush this week raise some doubts about the conventional wisdom in Washington and on Wall Street, that the race to succeed Greenspan has boiled down to three principal candidates.
Japanese economist expects to head OECD
Japan's candidate for chief of the Organization for Economic Cooperation and Development said on Tuesday 4 October that she is confident she will be chosen for the post.
Comment: Intervention tightrope
Central bank officials from three of the world's most important emerging markets this week made comments to the effect that they are intervening in foreign exchange markets and could continue to do so in the future. The reasons they put forward for doing…
BIS's Knight on global banking - paradigm shift
In the speech 'Global banking - paradigm shift' given on 5 October Malcolm Knight of the BIS said the three-pronged approach of Basel-II implementation represents a much more comprehensive method in the present-day complex banking situation.
IMF's Deppler suggests German economic coalition
In an interview with Frankfurter Allgemeine Zeitung, IMF European Department Director Michael C. Deppler said that a grand coalition would be best suited for determining a single economic policy in Germany.
ECB's Weber says globalisation lowers inflation
European Central Bank Governing Council member and Bundesbank President Axel Weber said on Tuesday 4 October that globalization tends to lead to lower inflation.
PBOC's Zhou sees trade friction ahead
China's central bank chief Zhou Xiaochuan said in an interview that he expects trade friction to worsen this year.
ECB backs Bank of Italy reform plan
The European Central Bank endorsed Italy's draft legislation to limit the term of the governor of the Bank of Italy from life to a single seven-year term on Thursday.
Kansas Fed's Hoenig on monetary policy
In the speech 'Monetary policy and the economic outlook' given on 5 October Thomas Hoenig of the Federal Reserve Bank of Kansas City said the combination of rising price pressures from wages and commodities means U.S. central bank policy-makers must be…
Dallas Fed's Fisher on the economic outlook
In the speech 'A perspective on the economic outlook' given on 4 October Richard Fisher of the Federal Reserve Bank of Dallas said the Fed needed to be vigilant on inflation and warned a loose fiscal policy risked pushing interest rates higher.
St Louis's Poole: How predictable is Fed policy?
In the speech 'How predictable is Fed policy?' given on 4 October William Poole of the Federal Reserve Bank of St. Louis said the Federal Reserve has no timetable to alter its policy statements but when that change comes it would signal the end of the…
Asian integration and the IMF
In this commentary article IMF Managing Director Rodrigo de Rato says the next step for Asia should be to develop more resilient national and regional financial markets. This would further reduce vulnerabilities by improving the channeling of savings and…
NY Fed welcomes derivatives markets commitment
The Federal Reserve Bank of New York said on Thursday 6 October it welcomes the initial commitments made by fourteen major market participants to improve the infrastructure that supports the credit derivatives markets.
BSP launches 'Save your money in banks' campaign
When you deposit your money in banks, they will nurture your money to grow, making it also work for you. This was the claim of the Bangko Sentral ng Pilipinas (BSP) in its campaign for bank savings, according to information gathered by the Philippine…
Comment: The Old Lady stands her ground
The Bank of England's decision to turn down a settlement offer from the Bank of Credit & Commerce International's (BCCI) liquidator, Deloitte, in the ongoing litigation case related to the BCCI's collapse in 1991, shows how tough the Bank can be when…
Eurosystem currency reserves down
The European Central Bank said net foreign currency reserves in the eurosystem decreased by 0.7 bln eur to 165.4 bln in the week ending 30 September.
Canada's Dodge says G7 wary of global deflation
The G7 needs to move swiftly to correct global imbalances in savings and investment or face the risk of worldwide deflation within ten years, Bank of Canada governor said on Tuesday 4 October.
Venezuela transfers $20 bn reserves to BIS
Venezuela has transferred $20 billion worth of its reserves to the Bank for International Settlements in Switzerland, Venezuela's central bank director Domingo Maza Zavala was quoted as saying, confirming comments by President Hugo Chavez last week.
Forex volatility a concern for RBI
The Reserve Bank of India is concerned about volatility in the rupee's exchange rate, RBI deputy governor Rakesh Mohan said on Wednesday 5 October.
Buba's Meister regrets US delay on Basel II
A European Central Bank official responsible for bank oversight, Bundesbank board member Edgar Meister, said on Wednesday 5 October that the delay in implementing parts of Basel II in the US was regrettable.
Financing conditions in the euro area
According to this Occasional Paper from the ECB, for central banks, the monitoring of financing conditions plays a pivotal role in assessing the actual transmission of monetary policy impulses to borrowers.
Walk, don't run, to the eurozone
This article asks why the Czech Republic is in such a hurry to join the euro? After all, Britain's GDP is growing significantly faster than overall levels in the eurozone, it says.
Argentina explains: Why gold?
According to this article published on Tuesday 4 October, suggestions that the Central Bank of Argentina, along with other South American nations, might increase its gold holdings has now become a realistic scenario.