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Should the euro be the reserve currency?
In this article published on Sunday 27 February, Roger Bootle says that although South Korea denied speculation it is considering switching some of its reserves out of dollars and into euros, it would be startling if South Korea, and other countries,…
Museum of Australian currency notes
The Reserve Bank of Australia has opened from 1 March a Museum of Australian Currency Notes on the ground floor of its Head Office in Sydney.
ECB's Trichet on mon. policy stability
In a speech on 'Monetary policy and private expectations' given on 25 February, Jean-Claude Trichet of the ECB said a renewed fellowship between the academic community, the markets and central banks has allowed central banks to effectively deliver the…
China sets route to currency reform
China will gradually open its capital account in 2005, another step in its plan to make the yuan currency fully convertible, state television quoted the country's foreign exchange chief as saying on Saturday.
Southern Africa targets 2016 for monetary union
Countries within the 13-member Southern African Development Community (SADC) have decided to achieve monetary and economic union by 2016, South African Reserve Bank governor Tito Mboweni said on Monday 28 February.
India's foreign exchange reserves cross $130bn
India's foreign exchange reserves climbed to $132.96 billion in the week ended Feb 18 on large-scale overseas fund inflows into the domestic market, the Reserve Bank of India said on Saturday 26 February.
Costello warns RBA on rate increase
Australia's Treasurer Peter Costello has put pressure on the Reserve Bank of Australia not to raise interest rates when it meets on Tuesday 1 March, saying an increase would go against the RBA's remit.
Report on payment systems in accession countries
The European Central Bank published the latest addendum to the report entitled "Payment and securities settlement systems in the accession countries" (second edition) on Monday 28 February.
Cleveland Fed's Pianalto on central bank goals
In a speech on 'Central banks: Different paths, same goal' given on 21 February, Sandra Pianalto of the Federal Reserve Bank of Cleveland said US inflationary pressures remain muted despite a surge in January wholesale prices.
Japan's Fukui on sustainable economic recovery
In the speech 'Toward sustainable economic recovery' given on 28 February, Toshihiko Fukui of the Bank of Japan said the central bank won't change monetary policy even if it makes a technical adjustment to its target for reserves available to lenders.
Chicago Fed National Activity Index, Jan 2005
The Chicago Fed National Activity Index for January 2005 was +0.21, down from +0.59 in December. However, all four broad categories of indicators that comprise the index made positive contributions to the January CFNAI.
Government leadership and central bank design
This Working Paper published by Vanderbilt University investigates the impact on economic performance of the timing of moves in a policy game between the government and the central bank for a government with both distributional and stabilization…
Bundesbank Int'l central banking seminars 2005
The Deutsche Bundesbank has announced the programme for its international central banking seminars 2005. The seminars began in January and run throughout the year.
Paraguay to implement electronic payment system
Paraguay's central bank (BCP) plans to implement an electronic payment system costing US$5mn in order to facilitate the flow of documents with other public bodies, local newspaper La Nacion reported.
Measured rate rises working- Fed's Bernanke
Federal Reserve Governor Ben Bernanke said on Thursday 25 February that with US inflation controlled the Fed can continue with its policy of gradual interest rate increases.
Central Bank of Iraq aims for monetary stability
According to AZZAMAN newspaper, the Central Bank of Iraq has announced that it intends to fight inflation and achieve monetary stability in Iraq following a noticeable increase in prices over the past few months.
Most G7 favour IMF gold sales idea - report
A majority of Group of Seven members favour selling some of the International Monetary Fund's gold reserves to finance debt relief, a German newspaper on Friday 25 February reported G7 sources as saying.
Report says China peg impact overstated
Research published by the Federal Reserve Bank of Cleveland on Thursday 24 February said that China's exchange rate peg to the dollar has had less of an impact on its trade surplus with the United States than many observers have assumed.
French finance minister resigns over apartment
Herve Gaymard, the French finance minister, resigned on Friday 25 February following revelations about his state-funded luxury apartment.
Hungary's new Monetary Council members appointed
Hungary's President Ferenc Madl has appointed the new members of the Monetary Council. Judit Nemenyi, Tamas Banfi, Peter Bihari and Csaba Csaky will become members of the council from 1 March.
A head for the World Bank
The process of choosing a new leader for the World Bank is devoid of much transparency, something the bank likes to preach, according to this article. With leaders traditionally being American, and chosen in secrecy by the American president, the…
RBA's Edey on the Australian economy
In a speech given on 25 February Malcolm Edey of the Reserve Bank of Australia reiterated the RBA's recent stance that demand would continue to encourage growth and also acknowledged that inflation had outstripped the central bank's expectations.
Atlanta's Guynn on importance of price stability
In a speech on 'The importance of price stability' given on 23 February, Jack Guynn of the Federal Reserve Bank of Atlanta said he expects the national economy to grow by 3 per cent to 4 per cent in 2005, but policymakers need to keep a close eye on…
IMF's Rato on global imbalances and global poverty
In a speech given on 23 February Rodrigo de Rato of the International Monetary Fund said global imbalances stemming from the mounting US current account deficit are a threat to the stability of the international financial system and require action to…