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IMF Working Paper Series
RESEARCH - In the working paper 'Monetary Policy and Asset Prices: Does "Benign Neglect" Make Sense?' Michael Bardo and Olivier Jeanne of the IMF's Research Department consider the potential case for preemptive monetary restrictions when asset price…
IMF paper on current issues in monetary policy
RESEARCH - 'Current Issues in the Design and Conduct of Monetary Policy' by Mohsin S. Khan, Director, IMF Institute, International Monetary Fund. The paper says that recent developments have brought to the forefront the idea that freely mobile capital,…
Bernanke on discretion and monetary policy
SPEECH - In the speech '"Constrained Discretion" and Monetary Policy' Ben Bernanke of the Federal Reserve said laid out the advantages of using a framework of constrained discretion for making monetary policy. The essence of constrained discretion, he…
McTeer on the banking industry
SPEECH - In a speech to the Cato Institute 20th Annual Monetary Conference Bob McTeer of the Federal Reserve Bank of Dallas said the U.S. now has a low inflation rate, close to that of the euro zone. But that the US unemployment rate has been only half…
SBP evolving Islamic finance model: Ishrat
The State Bank of Pakistan is striving hard to find a viable alternative to interest-free banking compliant with Sharia law, the Governor of the State Bank of Pakistan has said.
MNB alters Hungary's inflation aim
The National Bank of Hungary (MNB) will miss its inflation target for this year because of increasing crude oil prices and domestic wages, MNB President Zsigmond Jarai announced Monday.
Russian gold, forex reserves could hit $55 bln
The Central Bank of Russia's gold and foreign-exchange reserves could total approximately $55 billion at the end of 2003 so says a deputy governor of the Bank.
Koizumi to name new BOJ chief around 20 Feb
Japanese Prime Minister Junichiro Koizumi said on Monday he will name a new central bank governor at around 20 February.
French bank chief trial enters key week
The trial of Bank of France governor Jean-Claude Trichet on false accounting charges enters a key phase this week as state prosecutors prepare to make their closing statements, with Trichet's job as next president of the European Central Bank (ECB)…
Julius joins ex-MPC member at hedge fund
DeAnne Julius, a former member of the Bank of England's Monetary Policy Committee, has joined her old colleague Sushil Wadhwani at a hedge fund which manages $1bn (UK £625m).
China's central bank to push interest-rate reform
The monetary policy committee of the People's Bank of China, in its first quarterly meeting of the year, has reaffirmed the central bank's commitment to keeping both interest rates and exchange rates steady during 2003.
Brazil c bank unlikely to change inflation target
Brazil's central bank has said it would only change its inflation target for 2003 if an increase in regulated prices surpassed its forecast of a jump of 14 percent.
Ex Latvian central bank chief shocks with pay rise
ARTICLE - The ex governor of the central bank of Latvia, Einars Repse, now Prime Minister of the eastern European nation, has announced that all ministers are to have their salaries tripled. The move, needed to say, faced little opposition from the…
Governor of Mauritanian central bank appointed
The Presidency of the Republic of Mauritania announced in a decree issued Wednesday 29 January, that Mr Bassidou Moussa has been appointed as governor of the Central Bank of Mauritania.
McTeer on economic prospects for the US
SPEECH - In the speech 'X' Bob McTeer of the Federal Reserve Bank of Dallas said as a central banker he should say something about inflation. "Well, it's low and conditions are already ripe for it to go lower. Especially if growth picks up. And a policy…
Central Bank of Brazil COPOM Minutes
MINUTES - The Banco Central Do Brasil has published the minutes of the 80th meeting of the Monetary Policy Committee (COPOM), 21 and 22 January. The Committee decided unanimously to increase the Selic rate to 25.5% after an anticipated overshoot of the…
Sveriges Riksbank Economic Review 4rd Quarter 2002
REPORT - The fourth issue of the Riksbank's Economic Review contains three articles: one on the art of targeting inflation, one on the IRB approach in the Basel Committee's proposal for new capital adequacy rules, and one on reformed management of…
Chicago Fed National Activity Index, December 2002
REPORT - CFNAI shows continued softness in economic growth in December - In December, the Chicago Fed National Activity Index (CFNAI) remained below zero for a fifth consecutive month. The monthly index came in at -0.49 in December, a small improvement…
Presidents of the Federal Reserve Banks
PRESS RELEASE - Sandra Pianalto took office on February 1, 2003, as the tenth chief executive of the Fourth District Federal Reserve Bank, at Cleveland.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - New research carried out by CentralBankNet reveals that if all 10 of the European accession countries are to take up the euro, the Eurosystem will be able to boast some 70,000 central bankers. Published today, 3 February, in the 2003…
ECB goes shopping
European Central Bank's extensive shopping list for 2003 is now available on the European Union's public procurement website. The site reveals that the ECB is planning major investments in IT infrastructure to create new disaster backup sites and expand…
Colombia, Venezuela c banks to discuss for ex
The central bank chiefs from Colombia and Venezuela will soon meet in the Colombian city of Cartagena to discuss concerns that planned Venezuelan currency controls could disrupt debt payments, Colombia's government said on Wednesday.
IMF disclaims West Africa single currency report
The on-going debate on the workability of a single currency for the West African sub-region, took another turn on Thursday as the International Monetary Fund (IMF) appeared to disclaim a report submitted by its researchers opposing Nigerian participation…
Chinese central bank tightens banking regulation
Zhou Xiaochuan, governor of the People's Bank of China, recently indicated that the central bank would continue to pursue a prudent monetary policy this year to ensure the financial sector progresses in a safe, highly efficient, and steady manner and to…