Central Banks
Iranian vice-president talks about monetary policy
An interview with Dr Mohammad Ali Najafi, vice-president of the Republic of Iran, entitled "Printing bank notes without monetary cover equals the sharp depreciation of the national currency", published by Iranian newspaper 'Hayat-e Now' on 2 November.
Kristinsson leave Central Bank of Iceland
Yngvi Orn Kristinsson has left the monetary department of the Central Bank of Iceland.
Turkish cenbank goes live with real-time DvP SSS
Central Bank of Turkey has gone live with new securities settlement system named ESTS (Electronic Securities Transfer and Settlement System) after three years of development. On October 31, the first day of use, 1,800 securities transactions were settled…
NBP discusses draft payment systems laws
Today the meeting of the National Bank of Poland's payment systems council, a consultative and advisory body of the central bank's management board, discussed draft laws that implement the basic regulations of the European Union in the area of payment…
John Nugee goes to State Street
John Nugee, the head of reserve management at the Bank of England, has moved to State Street. Paul Chilcott is the new chief reserve manager.
Colombia cenbank sees 2000 inflation 8.5% - 10%
Colombia's central bank said that despite high world oil prices, thecountry is on track to meet the 10% inflation target for this year agreedwith the International Monetary Fund.
Ukraine cenbank council backs strong currency
The head of the newly formed Ukrainian central bank council said lastThursday that the body would back a policy of a strong hryvnia currency andfocus on slowing inflation.
The role of payment systems in systemic stability
In May this year there was a high-level payment system workshop held by the BIS' Committee for Payment and Settlement Systems in Mexico. The papers presented at that meeting have now been published.
Monetary policy frameworks in a global context
A new highly recommended book edited by Lavan Mahadeva and Gabriel Sterne has just been published by the Bank of England's Centre for Central Banking Studies.
Bank of Mexico sets out 2001 inflation goal
Bank of Mexico governor Guillermo Ortiz said on Thursday that the central bank was determined to slash inflation further next year and would keep a tight grip on monetary policy to achieve its goals.
Yemen cenbank governor counts oil blessings
Robust oil prices have helped boost Yemen's foreign reserves to a recordhigh of $2.5bn. The extra revenues are also speeding up economic reformsand the repayment of the country's debts, central bank governor AhmadAbdul-Rahman al-Samawi said.
SARB gets new power on reserves
The South African parliament has given central bank governor Tito Mboweni anew lever of monetary policy, giving him the right to change the definitionof what type of money commercial banks must hold as reserves.
Bank of Korea says room for more demand management
The government needs to manage the nation's aggregate demand properly and improve its import-dependent industrial structure in order to keep the current account balance in the black, the Bank of Korea said yesterday.
Mongolia bank chief outlines core fiscal policy
The core of the fiscal policy for 2001 is to concentrate huge flow of cashoutside the bank operation or facilitate their flow through banks, saidBank of Mongolia governor O. Chuluunbat.
The Zero Bound in an Open Economy
A very interesting paper by Professor Svensson (Lars.Svensson@iies.su.se) going against the grain oftraditional theories of the cause and solution of Japan's economicdifficulties.
Risk Management in Danmarks Nationalbank
This article by Ib Hansen and Christian Olgaard, in line with the National Bank of Denmark's transparency policy, takes an inside look at the way the bank manages financial market risks.
Monetary and Exchange Rate Policies
Book Review: "Monetary and Exchange Rate Policies, EMU and Central and Eastern Europe" by D. Begg, L. Halpern, C. Wyplosz (Forum Report of the Economic Policy Initiative (EPI)), (Centre for Economic Policy Research (CEPR), 1999) 108pp, £25, ISBN…
New monetary policy instrument in Croatia
The Croatian National Bank has decided to introduce unified obligatory reserve requirements on kuna and foreign currency deposits.
Foreign exchange settlement risk
The Basel Committee on Banking Supervision just issued a revised version ofits guidance for supervisors on managing the settlement risk arising fromforeign exchange transactions.
Latin America: Future inflation convergence
Leonardo Leiderman, head of Latin American Research at Deustche Bank and former head of research at the Bank of Israel, gives a report on the move towards inflation convergence in Latin America.
RBF announces relaxation of monetary policy
The Reserve Bank of Fiji has further relaxed monetary policy foolowing the resolution of the coup which began in May earlier this year. GDP is forecast by the central bank to fall by up to 15% this year.
Jobs in Asset Management in Norges Bank
There are two exciting job vacancies in "Global Equity Portfolio Management" at the Norges Bank in London for experienced asset managers.
Farewell to Wendelin at Bundesbank
Wendelin Hartmann is presented with a special issue of a German banking journal to commemorate many years service at the Bundesbank and as chairman of the Committe on Payment and Settlement Systems at the BIS.