Monetary Policy
The role of the Deutsche Bundesbank
RESEARCH - 'The role of the Deutsche Bundesbank in the European System of Central Banks' by Hermann Remsperger, Deutsche Bundesbank, Accepted 1 February 2002.
Stagnation warning from Poland's central bank
POLAND - GDP increases and the business climate will remain low in the third quarter of the year while economic growth will be buoyed by exports, the Polish National Bank said in a business climate research report released on Tuesday.
NZ business leaders happy with inflation policy
NEW ZEALAND - Most of the country's top business people see no need to alter the way the Reserve Bank administers monetary policy.
India's central bank may face terrorist threat
INDIA - Amid threats from Pakistan-based militant outfits, the toughest-ever security arrangements are being put in place to ensure a trouble-free Independence Day in India.
Liberalising our exchange controls
ARTICLE - At the recently-held public/private sector consultation on economic and related issues, Governor of the Central Bank of Barbados, Dr. Marion Williams presented a paper on Barbados' response to the liberalisation of trade in financial services.
Surprise rise for UK inflation seen
UK - UK inflation has risen higher than expected, casting doubt on the need for another interest rate cut.
Crunch time for US economy as Fed ponder rate move
US - An indicator of US economic health will come today, as the Federal Reserve is due to announce its latest monthly interest rate decision.
A shroud of secrecy
A new survey by Steve Hanke and Matt Sekerke suggests that while central banks pay lip service to transparency, many of them do not practice it.
The Euro 50 Group Roundtable: Monetary implications of accession
Hanna Gronkiewicz-Waltz discusses challenges to monetary policy that central banks in candidate countries will face. Governments should be wary of too early an entry.
The Euro 50 Group Roundtable: The pact's performance and prospects
Pedro Solbes, a member of the European Commission, discusses the performance of, and prospects for, the stability and growth pact.
The Euro 50 Group Roundtable: The monetary dimension of European enlargement
Introduction by Edmond Alphandéry, former French finance minister and chairman of the Euro 50 group1.
Establishing the credibility of inflation targets
Jannie Rossouw argues that inflation targetting alone is insufficient. Belief in the credibility of the inflation measure itself is essential for a successful policy.
Interview: Milton Friedman
Milton Friedman assesses the monetarist legacy and the recent performance of central banks. In conversation with Robert Pringle, the Nobel laureate offers his advice for those thinking of joining the euro, or trying to deal with deflation.
Bank of Japan Monetary Policy Meeting
PRESS RELEASE - Monetary Policy Decision from the Bank of Japan, 9 August. The Bank unanimously decided to maintain its current stance but was ready to react with increased liquidity if the stability of financial markets was at risk.
RBA Statement on Monetary Policy, August 2002
REPORT - Reserve Bank of Australia, Statement on Monetary Policy, August 2002. The statement struck a cautiously optimistic note with the Reserve Bank saying 'the most plausible scenario' was that global markets would stabilise and Australian economic…
Chicago Fed Letter - September Special Issue 2002
PUBLICATION - The household balance sheet-Too much debt? By Francois Velde, senior economist, September (Special Issue) 2002. Are U.S. households carrying too much debt? Debt levels have grown recently to unprecedented levels. But that is nothing new, as…
MAS Press Briefing on Annual Report release
PRESS BRIEFING - Press Briefing for Monetary Authority of Singapore Annual Report 2001-2002. Opening remarks by Mr Koh Yong Guan, Managing Director, MAS, 2 August.
MAS - Annual Report 2001-2002
ANNUAL REPORT - The Monetary Authority of Singapore has published its Annual Report for the year ended 2001-2002.
Jamaican central banker honoured
JAMAICA - Central bank governor Derick Latibeaudiere has been awarded the Order of Jamaica for his "significant contribution to central banking and finance".
Japan's central bank ignores IMF plea on deflation
JAPAN - The Bank of Japan ignored a call from the International Monetary Fund to act against deflation plaguing the nation's economy on Friday, keeping its ultra-loose monetary policy unchanged.
Bank of Spain to close 30 branches
SPAIN - On 8 August unions and management of the Bank of Spain agreed to close 30 of the central bank's branches, and not 31 as previously planned.
Thailand's central bank in upbeat mood on economy
THAILAND - The Bank of Thailand is confident that deflation will not be an immediate concern. M.R. Pridiyathorn Devakula, the central bank governor, said the prevailing exchange rate of about 42.5 baht to the US dollar would not trigger inflation either.
Issing sees slow US growth rather than double dip
GERMANY - European Central Bank chief economist Otmar Issing was quoted on Monday as saying a "double dip" in the U.S. economy could not be ruled out but that continued slow growth was more likely.