Central Banks
Greenspan farewell party set for December
Finance ministers and central bank presidents from the G7 nations have ensured Alan Greenspan's departure will not go unnoticed with a special session scheduled for December in London as a farewell party.
Former Bank of Japan executive director dies
Toshihiko Yoshino, a former Bank of Japan executive director and a noted economic critic, died of pneumonia at a Tokyo hospital on 12 August, the Asahi Shimbun and Nihon Keizai Shimbun newspapers reported this week. He was 90.
Fazio becomes butt of Tremonti's jokes
Antonio Fazio became the butt of jokes from new economy minister Giulio Tremonti recently, when he poked fun at Fazio and imitated his voice.
Statement by Lars Heikensten on his resignation
Following his decision to resign after being nominated by the Swedish Government as the Swedish member of the European Court of Auditors, Sveriges Riksbank governor Lars Heikensten made the following statement on Thursday 29 September.
Riksbank's General Council on Heikensten decision
The General Council will now together begin the work to find a successor for the position as Riksbank Governor, Chairman of the Riksbank's General Council Jan Bergqvist and Vice Chairman Johan Gernandt said in a joint statement Thursday.
Canada's Longworth on monetary policy
In the speech 'Monetary policy: One instrument, one target' given on 29 September David Longworth of the Bank of Canada said the Canadian economy will feel only a modest impact from hurricanes Katrina and Rita, but higher oil prices will result in a…
SF Fed's Yellen on US economy and monetary policy
In the speech 'The US economy and monetary policy' given on 27 September Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed must uphold its pledge to keep inflation subdued, suggesting US interest rates would continue to rise.
Report says China's reserves still rising fast
China's foreign exchange reserves continued to rise in August, a newspaper reported on Friday 30 September, suggesting further upward pressure on the yuan.
Prosecutors probe Fazio for 'abuse of office'
Antonio Fazio, governor of the Bank of Italy, was secretly placed under investigation in early August, prosecutors in Rome disclosed on Thursday 29 September.
Zeti wins Central Banker of the Year award
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has been awarded the title of Central Banker of 2005 by Euromoney, the international publisher.
Bank system stability: cross-Atlantic perspective
This ECB Working Paper derives indicators of the severity and structure of banking system risk from asymptotic interdependencies between banks' equity prices.
Why has gold been rising?
With gold reaching a near-18 year high in trading, this article published on Monday 26 September says gold bugs are now enthusiastically talking of $500 an ounce and beyond.
China allows IFC, ADB to issue debt
China's State Council has given approval for the International Finance Corp and the Asian Development Bank to issue yuan-denominated debt on the mainland, the Ministry of Finance said in a statement on its website.
BSP's Tetangco on capital markets
In the speech 'Capital market: A cornerstone of BSP financial reform agenda' given on 23 August Amando Tetangco of the Bangko Sentral ng Pilipinas said the BSP has also been fully supportive of the establishment of the Fixed-Income Exchange (FIE) as an…
RBA Financial Stability Review, September 2005
The Reserve Bank of Australia published the September 2005 edition of its Financial Stability Review on Monday 26 September. The Australian financial system remains in good shape, according to the latest Review.
Riksbank reallocates gold and for ex reserves
Sweden's Riksbank said it intends to sell up to 10 tonnes of the gold reserve in the period from 27 September 2005 to 26 September 2006.
Interview with ECB president Jean-Claude Trichet
In an interview published on Wednesday 21 September, European Central Bank President Jean-Claude Trichet called for determined economic reforms from the next German government as well as other European nations.
Paraguay's banking regulator chief resigns
Paraguay's banking regulator Rodrigo Ortiz has resigned from his post, a central bank source confirmed, according to Bnamericas. Ortiz had been head of the banking regulatory agency since 2003.
No rest for RBA governor in final year
According to this article published on Thursday 22 September, Reserve Bank of Australia governor Ian Macfarlane has one last tricky year to negotiate before bowing out as arguably the country's most successful central bank chief.
St Louis Fed names new first vice president
David A. Sapenaro, 42, has been named first vice president and chief operating officer of the Federal Reserve Bank of St. Louis.
No formula for selecting Fed chair
With the US Senate having to confirm a new chair of the Federal Reserve's Board of Governors soon, this article published on Tuesday 20 September asks what is more important to formulating successful monetary policies, profound study of economics or…
Central Bank of Iceland appoints new chairman
The Central Bank of Iceland has appointed Davi Oddsson governor and chairman of the Board of Governors. The move followed Birgir sleifur Gunnarsson's decision to retire.
Phil Fed's Santomero on the evolution of payments
In the speech 'The evolution of payments in the US: Paper vs. electronic' given on 10 September Anthony Santomero of the Philadelphia Fed said credit and debit cards are rapidly replacing paper checks as the most popular means of payment in the United…
China's bonding experience gains some speed
This article published on Monday 19 September asks whether China, Asia's No.2 economy, can reach its potential without a bond market. The good news is that efforts to create one are gaining momentum, it says.