Governance

Bank of Canada appoints Special Adviser

The Bank of Canada announced the appointment of Professor Christopher Ragan to the position of Special Adviser during the year 2004-2005 this week. Professor Ragan, whose areas of interest include government debt, inflation, monetary policy, and exchange…

Jordan appoints new deputy governor

During its weekly session on Tuesday 13 July, the Jordanian Cabinet decided to appoint Sharif Faris Abdul Hamid Sharaf as deputy governor of the Central Bank of Jordan (CBJ) succeeding Saleh Tayeh who had earlier submitted his resignation, the Jordan…

New board game in Argentina aims to beat the IMF

A new board game called 'Eternal Debt' is keeping people in Argentina busy at the moment. The point of the game is to try to beat the International Monetary Fund (IMF) by accumulating the least debt. The game is subtitled 'Who can beat the IMF?' and it…

Khodorkovsky wants Gerashchenko off Yukos board

Former Yukos CEO Mikhail Khodorkovsky plans to request the company shareholders consider dismissing former chairman of the central bank of Russia, Viktor Gerashchenko, from his post of chairman of the company's board of directors, Khodorkovsky's lawyer…

Polish finance minister resigns to join IMF

Polish Prime Minister Marek Belka said that Finance Minister Andrzej Raczko was leaving the government for a post at the International Monetary Fund and would be replaced on Wednesday by the economist Miroslaw Gronicki, AFP reported Friday.

Meyer's book lifts lid on life inside the Fed

Former Federal Reserve governor Laurence Meyer's new book reveals some insights on life inside the Fed. This review says Meyer was advised against saying anything in a speech that might move financial markets. In the book, Meyer writes that Chairman Alan…

After Greenspan, Who?

Alan Greenspan has just begun another term as chairman of the Federal Reserve, but a number of new hirings suggests a deep pool of potential heirs is being assembled, this article says.

Interview with St Louis Fed's William Poole

In the interview "My goal for inflation is zero" published this week, St Louis Fed President William Poole talks about the central bank's need to stay ahead of the curve when it comes to rising prices. He also said he believes that Fannie Mae and Freddie…

Alan Greenspan is the man!

It's no surprise that President George W. Bush has asked Alan Greenspan to re-enlist for a fifth four-year term as chairman of the Federal Reserve, this article says, especially since Bush pledged to do so one year ago. Comparing Greenspan to four other…

ECB's new HQ begins to take shape

The construction of the new European Central Bank headquarters in Frankfurt moved one step closer this week with demolition work on the former site of the Grossmarkthalle (wholesale market) due to begin on Thursday 1 July.

Welteke settles for €25,000 fine

Ernst Welteke has agreed to pay 25,000 euros ($30,000)to charity to end a criminal probe into his conduct. Last week we reported his lawyers had rejected a demand of 50,000 euros saying the sum was "much too high".

Bundesbank board don't want new code of conduct

Some board members of the Bundesbank do not want to comply with a new code of conduct for the time being, following the scandal surrounding former president Ernst Welteke, and the latest one reportedly involving public money to build luxury villas for…

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