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Padoa-Schioppa on challenges of market building
In a speech on 'The European Union and the Russian Federation: Challenges of market building' given on 28 September, Tommaso Padoa-Schioppa of the ECB said the Bank of Russia and the Eurosystem have entered into a dialogue on the whole range of central…
Fed's Bies::challenges for accountancy
In the speech 'Challenges Facing the Accounting Profession Today' given on 28 September Susan Schmidt Bies of the Federal Reserve said the U.S. labour market "looks like it is picking up again," after slowing in June and July.
Brazil's Meirelles promises lower rates
The president of Brazil's Central Bank, Henrique Meirelles, has said that the higher primary account surplus and the lower ratio between debt and GDP will mean lower interest rates in the medium term for Brazilians.
New study says IMF should limit its role
According to a new study from the Institute for International Economics, the IMF must limit its role in countries undergoing a financial crisis and set more realistic limits on lending, including revising guidelines to those nations.
US Treasury Sec. Snow: oil prices at G7 meeting
US Treasury Secretary John Snow said on Tuesday 28 September that the record high for world crude oil prices will be one of the key issues to be discussed as the Group of Seven (G7) industrialised nations meet in Washington this week.
Hoenig; modest effect of oil prices on US economy
Kansas City Fed president Tom Hoenig said on Tuesday 28 September that high oil prices will probably slow U.S. growth but will not derail the economy provided there is not another sharp spike upwards.
Bank of Canada issues new $20 banknotes
The Bank of Canada put Canada's new $20 banknotes into circulation on Wednesday 29 September. The new notes will be distributed and become available across the country over the next few weeks.
ECB's Issing on strengthening economic governance
In a speech given on 28 September, Otmar Issing of the ECB defended the Eurozone's Stability and Growth Pact, saying it was "appropriate in its present form".
Central Bank of Ireland Financial Stability Report
The Central Bank of Ireland has published its first stand-alone Financial Stability Report. The Report focuses on the stability of the Irish financial system with a special emphasis on the banking sector.
BIS' s Knight on banking regulation, supervision
In a speech on 'Banking and insurance regulation and supervision: Greater convergence, common challenges' given on 23 September, Malcolm Knight of the BIS said the broadly-based process of convergence within the global financial system across markets,…
Is the euro good for Europe?
The euro has existed as a currency for over five years now, and notes and coins have been in circulation for over two. This article asks whether the coin of the realm in 12 European countries has accomplished its goals.
Reviewing US monetary policy in disinflation era
This Bank of Japan Working Paper reviews the experience of US monetary policy from 2000 to shed some light on issues regarding the effectiveness of monetary policy in a low inflation era. Result shows that the observed financial market response to the…
Bank of Portugal - Annual Report 2003
The Bank of Portugal has published its Annual Report for the year ended 2003. In 2003 the Portuguese economy went into recession. For the second consecutive year, the growth differential of economic activity between Portugal and the euro area as a whole…
The U.S. new Keynesian Phillips curve
The authors of this Bank of Canada Working Paper examine the evidence that the inflation dynamics in the United States can be well-described by the New Keynesian Phillips curve (NKPC). They find that the empirical evidence for the real marginal cost is…
Caruana: Making diligent preparations for Basel II
In the speech 'Making diligent preparations for Basel II' given on 22 September, Jaime Caruana of the Bank of Spain said challenging work remains ahead to ready our banks, to build our skills as supervisors, and to promote greater transparency in our…
BIS's White on economic and financial statistics
In the speech 'Economic and financial statistics: a glass half full or half empty?' given on 9 September, William White of the BIS said statisticians would make a material contribution to global well-being if they would sometimes remind their economist…
Trichet on current issues on the ECB and the euro
In a speech on 'Current issues on the European Central Bank and the euro' given on 27 September, Jean-Claude Trichet of the ECB said the ECB has never overreacted to economic data and developments, and has therefore ensured that the euro zone economy is…
Tanigaki says Japan able to withstand oil impact
Japanese Finance Minister Sadakazu Tanigaki, who was re-appointed on Monday 27 September in a reshuffle, has expressed confidence that Japan's economic recovery will not be impacted much by surging global oil prices.
ECB member warns on oil price impact to growth
European Central Bank governing council member Vitor Constancio warned on Tuesday 28 September that high oil prices have not yet hurt global economic growth rates and inflation but the risks of a negative impact on both are real.
China predicts economy growing 8-9 pct in 2004
China's economy is on track to grow between 8 and 9 percent in 2004 despite government cooling measures, Yao Jingyuan, spokesman for the National Bureau of Statistics, was quoted today (28 September) as saying.
Fukui: Japan's economy is doing well
The Japanese economy is doing well, although it is still in an adjustment phase toward self-sustaining growth, Bank of Japan Governor Toshihiko Fukui said on Monday 27 September.
Safer, smarter, US $50 bill issued
Newly redesigned $50 notes arrive at banks beginning Tuesday 28 September ready to make their way into circulation and consumer wallets. Today marks the day the Federal Reserve System distributes the new note to banks and thus into the public's hands.
Fukui on the state of Japan's economy
In a speech given on 2 September Toshihiko Fukui of the Bank of Japan said that the positive impact of the current easy monetary policy on economic activity is strengthening as the economy recovers. As the economic recovery raises the expected rate of…
Former governors to give evidence in BCCI case
The Bank of England will call on former governors as it resumes the defence of its role in the collapse of the Bank of Credit and Commerce International.