Monetary Policy

The euro and the political debate in Europe

Political union is necessary for the success of European monetary union, argues Professor Andre Szasz, so that Eurozone members begin to accept that their neighbour's problems are now their problems. But lack of policy coordination, potentially could…

Interview with Hanna Gronkiewicz-Waltz

The changes to Poland's monetary policy framework in the 1997 National Bank of Poland Act have proved rather difficult to swallow. But now the reforms are bedding down, central bank presidentHanna Gronkiewicz-Waltz can focus on preparing Poland for…

Tumpel-Gugerell praises transition economies

At the opening of the International East-West Conference entitled "Completing Transition: The Main Challenges", the Central Bank of Austria's vice governor Tumpel-Gugerell highlights positive growth of all transition economies

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.

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.

The Zero Bound in an Open Economy

A very interesting paper by Professor Svensson ( going against the grain oftraditional theories of the cause and solution of Japan's economicdifficulties.

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…

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