Central Banks
NY Fed conference on The Economics of Payments II
The Federal Reserve Bank of New York published on Thursday 18 August a call for papers for a conference on "The Economics of Payments II," being held from 29-30 March 2006.
RBA could hold meetings 'every two months'
The Reserve Bank of Australia could meet every second month, rather than holding the current monthly monetary policy meetings, a former central bank board member said.
Iran and Bahrain link ATM systems
The Iranian ATM system has been connected to that of Bahrain, allowing the customers of Bahraini banks to use the ATM machines in Iran and vice versa.
Serb central bank upbeat on IMF warning
Radovan Jelasic, governor of Serbia's central bank, predicted on Tuesday 16 August that the government would react positively to warnings from the International Monetary Fund that its loan arrangement was in jeopardy.
Copom holds Selic at 19.75% with no bias
The monetary policy committee of the Brazilian central bank announced Wednesday 17 August after its two-day meeting that, as expected, it is holding Selic (base rate) unchanged at 19.75% annually with no bias.
Comment: Views on King's gambit
Here is a roundup comments on the Bank of England's publication of the minutes of the latest MPC meeting, which revealed that, for the first time in the committee's history, the governor voted with the minority (see yesterday's CentralBankNet).
Singapore, UAE sign MOU on securities markets
The Monetary Authority of Singapore (MAS) said on Tuesday 16 August that it has signed a Memorandum of Understanding (MOU) with the Emirates Securities and Commodities Authority (ESCA) of the United Arab Emirates (UAE).
SNB says rates won't stay low for long
A recovery in the Swiss economy will probably take interest rates higher sooner rather later, according to a central bank board member in a newspaper interview published on Wednesday 17 August.
Colombian central bank to sell reserves to govt
Colombia's central bank said on Tuesday 16 August that it will sell more foreign reserves to the government, in a similar deal to a $1.25-billion sale carried out earlier this year to pay off a debt.
Comment: Why Foreign Reserve Portfolios Matter
What do recent trends in official reserve management imply for foreign exchange markets and the conduct and coordination of monetary policy across the globe?
Argentina rebuilds
A re-equipped central bank is able to tackle mounting inflationary pressures in Argentina as the economy prospers, explains Martin redrado
Interview: Kenneth Clarke
In this interview Kenneth Clarke, Britain’s chancellor of the exchequer from 1993 to 1997, calls on the ECB to rethink its role and communications.
Sovereign asset and debt management
The following is an executive summary of the proceedings of Central Banking’s conference, “Sovereign Asset and Debt Management”, held in London on June 20-21.
Unfinished business on sovereign debt
Contractual innovations have solved some of the problems in restructuring sovereign debt, but others remain – notably the role of the IMF. Report by Paul Brione.
Interview: Martín Redrado
A re-equipped central bank is able to tackle mounting inflationary pressures in Argentina as the economy prospers, explains the central bank’s president.
Learning to live with IFRS
How central banks are facing up to – or ducking – their obligation to implement international accounting standards
Towards a new Plaza Accord?
The explosive growth in Asian reserves puts a premium on international action to redress global imbalances. By Jean-Jacques Rey.
China’s currency conundrum
China’s exchange rate reform does not solve the problems facing international policymakers says David Hale.
Time for the ECB to intervene
Charles Goodhart makes the case for Europe’s central bank to sell the euro.
China will hold down the Rmb
This comment is contributed by Steve Hanke, professor of economics at Johns Hopkins University.
China’s reform of its banking system
Li Ruogu highlights four key areas where China has looked to strengthen its burgeoning banking sector.