Governance
Benefits and limitations of transparency
A Centre for Economic Policy Research paper argues that while increases in transparency yield significant benefit at low levels, diminishing returns set in at higher levels
Chief Republican votes against Bernanke
Leading Republican on Senate Banking Committee Richard Shelby says Fed abused trust and confidence
Economists judge Carstens worthy successor
Carstens up to the job of heading the Bank of Mexico but concern exists over his replacement as finance minister
ECB to start building new HQ in spring
European Central Bank to finally begin construction after two-year delay
Denmark gets new assistant governor
Head of economics at National Bank of Denmark promoted
Carstens likely to replace Ortiz as BIS chair
Guillermo Ortiz will step down as chairman of the Bank for International Settlements’ board if he leaves the Bank of Mexico
Zambia’s Fundanga calls for more professionalism
Bank of Zambia’s Caleb Fundanga says the country’s civil service must urgently adopt higher standards of conduct
Nobel laureate Paul Samuelson dies at 94
Paul Samuelson, a key figure in the development of economics, passes away at home in Massachusetts on Sunday
Ecuador chief and general manager quit
Upheaval at the top of the Central Bank of Ecuador sees Carlos Vallejo and Karina Sáenz depart; cabinet minister Diego Borja is named new governor
Ireland creates senior posts
Central Bank & Financial Services Authority of Ireland announces new roles as part of regulatory shift
Former Jamaican governor attacks PM
Recently resigned governor Derick Latibeaudiere says PM has shown a lack of respect
Mexican finance minister nominated to head central bank
Guillermo Ortiz set to step down after 12 years at the helm of the Bank of Mexico
Bank of Greece governor to reduce salary by a fifth
Greek governor George Provopoulos will cut his wage as a symbolic gesture against the country’s burgeoning debt problem
NY Fed communications head joins Thomson Reuters
New York Federal Reserve’s executive vice president for communications departs for information company
Bunning labels Bernanke “definition of moral hazard”
Kentucky senator says he will do everything in his power to stop Ben Bernanke winning a second term
Ex-MPC’s Buiter to head Citi economics team
Former Bank of England policymaker and frequent bank-basher Willem Buiter named as Citigroup’s chief economist
Eurosystem continues to shed staff
Number of eurozone central bankers has fallen by almost 10% over past five years
Irish regulator’s pay “rubs salt in the wounds”
Half of Ireland’s central bank to strike over pension levy; staff treated “obscenely” as executive’s pay jumps €150,000
Brazil's new director stands for independence
New head of monetary policy at the Central Bank of Brazil favours floating rates
KL passes new Bank Negara act
Legislation replaces act that’s more than half a century old