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Bank of Canada Financial System Review, Jun 2005
The Bank of Canada published its semi-annual June 2005 Financial System Review on 9 June. If China's economy were to stall its way into a "hard landing," the biggest hit for Canada would come indirectly through a decline in global commodity prices, the…
BIS Quarterly Review, June 2005
The Bank for International Settlements published its June 2005 Quarterly Review on Monday 13 June. Corporate bond markets have suffered their worst sell-off since 2002, but overall financing conditions remain favourable, according to the survey.
IMF's Rato welcomes G8 proposal on debt
IMF Managing Director Rodrigo de Rato welcomed the G8 Finance Ministers' Conclusions on Development, the IMF said in a press release on 11 June.
BIS's Knight on insurance and banking worlds
In the speech 'Meeting worlds? Insurance and banking' given on 2 June, Malcolm Knight of the BIS discusses how the worlds of banking and insurance are moving closer together, a process triggered by financial liberalisation and financial innovations.
Senate panel clears Bernanke's nomination
The US Senate Banking Committee on Thursday 9 June approved the nomination of Federal Reserve Governor Ben Bernanke to head the White House Council of Economic Advisers, sending it to the full Senate for a final vote.
Kenneth Rogoff appointed new adviser to Riksbank
Sweden's Riksbank appointed Professor Kenneth Rogoff of Harvard University as adviser to the Riksbank's Executive Board on Thursday 9 June.
Tanigaki says China to benefit from currency move
Japanese Finance Minister Sadakazu Tanigaki told reporters on Friday 10 June that his recommendation was that the Chinese government scrap the yuan's dollar peg system.
RBNZ's supervisory role to stay
The Reserve Bank of New Zealand's supervisory role would not be removed following a review of trans-Tasman banking regulations, Finance Minister Michael Cullen said on Friday 10 June.
Snow urges China move to flexible yuan
US Treasury Secretary John Snow said in an interview on Thursday 9 June that he is urging China to move to a more flexible yuan and would like to see more flexible exchange rates across Asia.
Russia to prevent sharp ruble growth this year
Russia's central bank head Sergei Ignatyev has said the bank will try to prevent sharp ruble growth this year.
Top China economist calls for move on yuan
A top Chinese economist has said the country should make a modest revaluation of the yuan in an attempt to reduce some of the speculation over Beijing's intentions on the currency.
Former Buba president takes job at Russian bank
The former head of Germany's Bundesbank, Ernst Welteke, who resigned in April last year after criticism for accepting a free hotel stay from a commercial bank, has been appointed independent board member at a bank in southern Russia, Russian media…
Sweden's Heikensten on the IMF
In the speech 'The IMF - Mandate, means and governance in a changing world' given on 8 June Lars Heikensten of the Sveriges Riksbank said the IMF's overall objective is still valid and its instruments for reaching this objective - surveillance, lending…
Chicago Fed's Moskow on promoting economic growth
In a speech given on 9 June Michael Moskow of the Federal Reserve Bank of Chicago said the United States can encourage economic growth by ensuring fair access to credit for small businesses owned by women and minorities.
Issing on the Lisbon process - a view from the ECB
In the speech 'The Lisbon process - a view from the ECB' given on 9 June Otmar Issing of the ECB said concerns that ECB monetary policy may not be suitable for all euro zone countries are misplaced.
Has Greenspan changed views on bubble management?
This article asks whether Fed chief Alan Greenspan has changed his view that bubble management is strictly an ex-post job for a central banker? With cumulating signs of a bubble in the housing market, the Fed is dipping into its tool chest for some moral…
Origins of modern central bank policy
The latest issue of the Dallas Fed's Economic Insights magazine profiles Irving Fisher. He was one of America's most celebrated economists during the first quarter of the 20th century and a pioneer in many theoretical and technical areas of economics…
Brigita Schmognerova named EBRD Vice President
Brigita Schmognerova, a former minister in the Slovak Republic and senior figure at the UN, has been appointed the new EBRD Vice President, Human Resources & Administration.
New members of BSP's Monetary Board named
President Gloria Macapagal-Arroyo of the Philippines has announced the appointment of three new members to the Monetary Board, the policy-making body of the central bank.
Fed-speak a snafu for new Dallas Fed chief
This article looks at what can happen when Federal Reserve officials stray beyond what is known as "Fed-speak". Recent comments by Dallas Fed chief Richard Fisher that the Fed was "clearly in the eighth inning" of a long run of interest rate hikes, with …
Sao Tome names central banker new prime minister
The president of Sao Tome, a tiny African archipelago, named the head of the country's central bank as the new prime minister late on Tuesday 7 June.
Bush says replacing Greenspan will be hard
US president Bush said in an interview on Wednesday 8 June that finding a replacement for Federal Reserve chairman Alan Greenspan is going to be a tough job.
RBI to introduce cheque truncation system
The Reserve Bank of India (RBI) is in the process of introducing a national cheque truncation system (NCTS) under a new entity to speed up the retail payment system in the banking sector.
Fed's Kohn on regulatory relief
In testimony 'Regulatory relief' given on 9 June Donald Kohn of the Federal Reserve said the Fed opposes parts of a bill that allows industrial loan companies to offer interest-bearing business transaction accounts without making the companies subject to…