Central Banks
China's new reserve strategy
Hui Feng goes behind the scenes in Bijing to report on the new guidelines governing the management of the world's first trillion dollar pile of official reserves
Why prevention is better than cure
Does delay in closing a bank make a crisis worse? Not necessarily so, says Charles Goodhart, who examines the case for and against with reference to recent financial crises and near-crises
Interview: Edmund Phelps
The Nobel Laureate in conversation with Malan Rietveld
Cleveland Fed's new Head of Banking Supervision
Stephen Jenkins has been appointed senior vice president responsible for the banking supervision function at the Federal Reserve Bank of Cleveland, effective 1 March 2007.
RBNZ appoints John McDermott Head of Economics
Dr John McDermott has been appointed Head of Economics at the Reserve Bank of New Zealand, the RBNZ said Friday 9 February.
IMF's Portugal at the Debt Managers Conference
In a speech at a Debt Managers Conference given on 8 February Murilo Portugal of the IMF said debt managers have very successfully taken advantage of market opportunities to improve the structure of their debt portfolios.
When larger reserves may not really be good
According to this article from the New Straits Times, published Friday 9 February, questions the idea that foreign exchange reserves are a key indicator of macroeconomic strength.
Burundi's central bank chief moves to v president
Burundi's parliament on Friday 9 February transferred central bank governor Gabriel Ntisezerana to the post of second vice president after his predecessor was sacked in a dispute.
Nightmares of a central banker
According to this article published by the Ludwig von Mises Institute on Tuesday 6 February, the record of modern central banking is bleak, with monetary policy failing again and again.
Brazil's fin min says central bank chief staying
Brazil's central bank president Henrique Meirelles will remain in the job even though he has been criticised by some members of the government for his conservative stance, finance minister Guido Mantega told reporters on Wednesday 7 February.
ECB's Trichet flags rate increase with 'vigilance'
European Central Bank President Jean- Claude Trichet signalled the ECB will likely raise interest rates next month as the pace of economic growth threatens to stoke inflation.
BOJ in no hurry to raise rates says Haru
The Bank of Japan is in no hurry to raise short-term interest rates in the absence of an immediate inflation risk, BOJ board member Hidehiko Haru said in a speech Thursday 8 February.
BOK chief says reserves may go to overseas stocks
South Korea is considering investing part of its foreign reserves in overseas blue-chip stocks in an attempt to increase investment returns, Yonhap news agency cited the Bank of Korea chief as saying Thursday 8 February.
SF Fed's Yellen on the Asian financial crisis
In the speech 'The Asian financial crisis ten years later: Assessing the past and looking to the future' given on 6 February Janet Yellen of the Federal Reserve Bank of San Francisco said China's exchange rate policy should be more flexible in order to…
Buba's Weber says ECB will do 'utmost' on prices
The European Central Bank and the eurozone's national central banks will do everything possible to ensure price stability in the euro area, Bundesbank president Axel Weber said Wednesday 7 February.
Germany's Steinbrueck backs ECB's independence
German finance minister Peer Steinbrueck said Wednesday 7 February that the independence of the European Central Bank, which has received criticism from some French politicians, must be respected.
China factors will be key in 2007 gold market
According to this article from Interfax-China, published Friday 2 February, Chinese factors are likely to have an increasing influence on the gold price this year with the possibility that the People's Bank of China will increase gold reserves.
Ito says BoJ must explain policy better
A member of the Japanese government's top economic council said on Monday 5 February in an interview with Reuters the Bank of Japan should promote accountability and transparency in its monetary policy as it has not been doing a good job in communicating…
Sweden's Rosenberg on current monetary policy
In the speech 'Current monetary policy' given on 5 February Irma Rosenberg of the Sveriges Riksbank said that since both the demand and supply sides of the Swedish economy are growing, the central bank sees inflation being held back in the future.
ECB paper on emerging market shocks
The ECB Working Paper "The transmission of emerging market shocks to global equity markets" analyses whether, and to what extent, emerging market economies (EMEs) have systemic importance for global financial markets, above and beyond their influence…
Monetary and exchange rate policy in Malaysia
The Working Paper "Monetary and exchange rate policy in Malaysia before the Asian crisis" from the Institute of Developing Economies provides a case study to characterize the monetary policy regime in Malaysia, from a medium- and long-term perspective.
Samoobrona candidate may join NBP board
According to Sunday 4 February's issue of Newsweek Polska, Andrzej Lepper, head of Self-Defence (Samoobrona), is looking forward to placing his candidate on the management board of the National Bank of Poland.