Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Richmond Fed's Economic Quarterly, Fall 2004
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Fall 2004. The paper "Ricardo versus Wicksell on job losses and technological change" looks at Knut Wicksell's revisions of Ricardo's classical model with modern concepts and…
Dodge on Canada's monetary policy
In a speech to the Senate Committee on Banking, Trade and Commerce given on 24 November, David Dodge of the Bank of Canada said he remained "broadly comfortable" with the key economic assumptions underlying the current monetary policy of the Bank of…
Trichet: S Eastern European challenges & prospects
In a speech on 'South Eastern European challenges and prospects' given on 29 November, Jean-Claude Trichet of the European Central Bank said that the recent enlargement to ten new Member States, as well as the progress in the accession negotiations with…
The RBNZ's website is changing
The Reserve Bank of New Zealand said on Monday 29 November that it it is making some changes to its website in early December. The site will have a new look,with some changes to the navigation.
Revisions to Fed's payments systems risk policy
The Federal Reserve Board announced on Friday 26 November the approval of proposed revisions to its Policy on Payments System Risk (PSR Policy) addressing risk management in payments and securities settlement systems.
The role of central bank capital
A new ECB paper argues that central banks hold adequate capital. Paul Brione assesses the argument for CentralBankNet.
Mexico's central bank tightens monetary policy
The Bank of Mexico tightened monetary policy for the eighth time this year on Friday, raising local interest rates to counter increased inflation expectations.
Colombia's central bank appoints new MD
The board of Colombia's central bank has selected Jose Dario Uribe, the bank's technical director, as the new managing director of the bank, according to a statement released by the bank.
RBA uses powers to withhold minutes
The Reserve Bank of Australia has used powers given to it by Treasurer Peter Costello to issue a "conclusive certificate" to prevent publication of the RBA board's minutes, saying their release is not in the public interest.
GCC summit focus on common market, single currency
The annual summit of the GCC scheduled to be held in Manama on 20 December will cover topics including the GCC common market, monetary union and a single currency, Abdul Rahman Al-Attiyah, secretary-general of the six-member group said.
Trichet praises ECB's record on inflation
In a letter to the European Parliament, European Central Bank president Jean-Claude Trichet said that the ECB has a very successful record of keeping euro zone inflation under control despite adverse shocks such as the recent hike in oil prices.
Bosnia appoints new central bank vice governor
The Governing Board of the Central Bank of Bosnia and Herzegovina (CBBH) at its meeting on 24 November in Sarajevo approved the appointment of Feriha Imamovi as a Vice Governor of the CBBH.
Ukraine banking system running like 'Swiss watch'
Arseniy Yatsenyuk, the acting governor of the National Bank of Ukraine (NBU), has said the NBU is in full control of the Ukrainian banking system.
Italy's Fazio on regulation and supervision
In a speech on 'Regulation and supervision in financial markets' given on 19 November, Antonio Fazio of the Bank of Italy said the economy of the euro area is afflicted by a loss of competitiveness that reflects structural weaknesses in several fields.
Ukraine's Yushchenko appeals rigged election
Ukraine's opposition leader and former president of the National Bank of Ukraine, Viktor Yushchenko, is appealing against the vote count in the recent presidential election to the country's Supreme Court.
BoE's Bean on the UK economy
In a speech given on 25 November, Charles Bean of the Bank of England said considerable uncertainties surround the UK economic outlook.
Bank of Canada Review, Autumn 2004
The Bank of Canada has published its Review for Autumn 2004. The Review contains four articles including "Asset prices and monetary policy: A Canadian perspective on the issues". This article addresses the extent to which monetary policy in Canada should…
Fukui on the state of Japan's economy
In a statement concerning the Bank's Semiannual Report on Currency and Monetary Control given on 28 October (published 26 Nov) Toshihiko Fukui of the Bank of Japan said Japan's economy is expected to continue recovering with the ongoing expansion of…
'Serial crime' wave hits Bank of Japan
The Bank of Japan has reprimanded five employees at its Maebashi branch office for swapping 11 old banknotes for 11 newly designed banknotes with sought-after serial numbers, such as E888888M.
Japan's lower house approves new BOJ board member
Japan's lower house of parliament has approved the nomination of Atsushi Mizuno, chief strategist at Credit Suisse First Boston Securities (Japan) Ltd., as a Bank of Japan policy maker.
RBNZ re-appoints two directors
Two non-executive directors, Alison Paterson and John Goulter, have been re-appointed to the board of the Reserve Bank of New Zealand for a further five years, Finance Minister Michael Cullen said this week.
Norway's Bergo on oil prices & developments
In a e speech on 'Oil prices, cyclical developments and monetary policy' given on 12 November, Jarle Bergo of Norges Bank said that high oil prices so far have had a limited impact on the domestic economy and would not significantly affect the balance in…
ECB cannot react to short-term impacts says Issing
European Central Bank chief economist Otmar Issing said in a speech in Berlin on Thursday 25 November that the ECB cannot change interest rates in response to the short-term impact of external developments, such as this year's sharp rise in oil prices.
NBP chief: GDP depends on passing of reform bill
Poland's long-term economic growth depends on passing legislation that can effectively reform the country's public finances instead of blocking initiatives, which could widen the government budget deficit, National Bank of Poland Governor Leszek…