Governance

Duisenberg reveals political interference

European Central Bank ex-President Wim Duisenberg disclosed for the first time recently that German Chancellor Gerhard Schroeder, French President Jacques Chirac and Italian Prime Minister Silvio Berlusconi have all tried to influence the ECB's monetary…

Nigeria appoints deputy governor after resignation

The Central Bank of Nigeria announced on Tuesday 3 May that Dr Obadiah Mailafia will replace Mrs Wahir Mshelia as the Deputy Governor for Policy on Monday 9 May. Mshelia resigned last week with press reports suggesting there were 'strong indications' she…

Brazil's Supreme Court upholds partial immunity

The Supreme Federal Court on Thursday 5 May upheld the decision to give Brazil's central bank President Henrique Meirelles immunity from prosecution from common courts in an ongoing illegal tax and forex transaction case against him, local media reported.

IMF appoints new director of evaluation office

The Executive Board of the International Monetary Fund has offered Thomas Bernes of Canada the position of Director of the IMF's Independent Evaluation Office, and he has accepted the Board's offer, the IMF said on Monday 25 April.

HKMA appoints deputy chief executive

The Hong Kong Monetary Authority announced on Tuesday 26 April that the Financial Secretary has approved the appointment of Mr Y. K. Choi as Deputy Chief Executive of the HKMA. Two other appointments were also made, which will all take effect on 1 June.

Interview with Bank Indonesia's deputy governor

In an interview published this week, Bank Indonesia senior deputy governor Miranda Gultom said the central bank is preparing to introduce new money-market instruments to address the alarming sag in the local currency and perceived shortcomings of present…

What has Trichet achieved as the ECB's President?

Jean-Claude Trichet has now been president of the ECB for eighteen months, and if you measure his performance by the narrow mandate of price stability, then he has done his job, this article says. Yet if you were to gauge his performance by a wider…

Bofinger named favourite to replace Issing at ECB

German Chancellor Gerhard Schroeder's government hasn't decided yet who will succeed European Central Bank Chief Economist Otmar Issing when he retires next year, government spokesman Bela Anda said Friday, after reports named Peter Bofinger as a…

Deputy BoB governor explains his departure

The deputy governor of the Bank of Botswana, Dr Keith Jefferis, resigned from the bank earlier this month after five years of service. In this article he explains the reasons for his departure, saying that he chose to leave because he wanted to set up…

After Greenspan: Ben Bernanke?

Despite strong support from the likes of Alan Blinder, Ben Bernanke is still seen as a dark-horse candidate for chairman of the Federal Reserve, according to this article. While Bernanke's move to the CEA has prompted talk that he is "one step closer" to…

Bini Smaghi wins MEPs' backing for ECB post

The Economic and Monetary Affairs Committee has approved the nomination of Lorenzo Bini Smaghi to the Executive Board of the European Central Bank. At the end of a confirmation hearing on 19 April, committee members voted by 16 in favour to 2 against…

Clarida tipped as new Fed governor

According to several reports this week, the White House is considering former US Treasury official Richard Clarida for the Federal Reserve seat that would be free if Fed Governor Ben Bernanke is confirmed to the CEA.

BSP deputy governor Reyes retires

Bangko Sentral ng Pilipinas deputy governor Alberto V. Reyes retired from his post as head of the Supervision and Examination Sector this week, a post he had held for ten years.

Interview with PBOC's Zhou

In an interview published on Wednesday 13 April PBOC governor Zhou Xiaochuan said the task in future is mainly centered on improving the mechanism in the shaping of the people's currency exchange rate rather than simply adjusting the rate of it.

Interview with outgoing World Bank president

James Wolfensohn, who steps down at the end of May after 10 years at the World Bank, said in an interview this week that the institution's controversial selection process had contributed to a "dangerous trend of regionalisation of opinion" on the bank's…

Interview with Philadelphia Fed's Santomero

Speaking this week in an interview Anthony Santomero, the president of the Federal Reserve Bank of Philadelphia, said we are looking at an economy that, if it continues to move in the direction and at the speed we think, we can continue to move on…

Norman Chan to retire from HKMA

The Hong Kong Monetary Authority announced on Tuesday 12 April that Norman Chan, the Deputy Chief Executive responsible for reserves management and international affairs, will be departing from the HKMA some time in May.

The art of central banking

The Turkish central bank has released a two-volume book introducing Turkish artists and their works that comprise the central bank's art collection.

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