Central Banks
Sheibani appointed new CBI governor: report
The newspaper Hamshahri reported on Wednesday 30 April that Ebrahim Sheibani has been appointed the new governor of the Central Bank of Iran. A previous leading contender for the post, Massoud Nili, was said to have withdrawn his candidacy to concentrate…
Bank of Japan eases monetary policy
In a surprise move the Bank of Japan eased monetary policy sharply on Wednesday30 April, reports the Financial times. . In a statement the BoJ said the move was seen as appropriate in light of current "uncertainty regarding the economic and financial…
New York Fed steps up hunt for president
The search for a replacement at the New York Fed for William McDonough steps up this week with candidates for the post expected to be interviewed. according to the Financial Times. Two prominent candidates for the job include a Mr Fischer and a Mr Fisher.
Welteke confirms support for stability pact
Looking back over the lifetime of the euro, Ernst Welteke, the president of the Deutsche Bundesbank, said in a speech on Wednesday that the ECB had achieved its aim of price stability in the face of strong and in some cases unprecedented economic shocks…
Credit information laws aid consumers-Greenspan
Speaking to the US Congress on Wednesday 30 April, Alan Greenspan said having credit information flowing freely benefits borrowers by reducing uncertainty and pushing interest rates lower than they would otherwise be, according to Reuters.
IMF's Rogoff to leave Fund, return to Harvard
The International Monetary Fund announced Tuesday that Ken Rogoff, its chief economist, would be leaving the Fund in the autumn to return to academia, accoding to Reuters.
Bank of England to withdraw Dickens £10 note
The Bank of England on Tuesday april 29 announced that it is to withdraw from circulation the older style £10 notes featuring a portrait of Charles Dickens.
Hamalainen on challenges for retail banking
In a speech on 'EU accession - challenges for retail banking' Sirkka Hamalainen of the ECB said the ECB has assessed the payments infrastructure in the acceding countries and found it sufficiently robust to ensure that it will not generate systemic risks…
Ferguson on Basel II and risk management
In a speech on 'Basel II: A Case Study in Risk Management' Roger Ferguson of the Federal Reserve said the proposed revision of the international capital accord is basically about improving risk management in banking. It is a regulatory framework that…
First five years of the ECB
Commenting on the fifth annual report of the ECB presented to the Committee on Economic and Monetary Affairs by ECB vice-president Lucas Papademos, Committee Chair Christa RANDZIO-PLATH (PES/Germany) said that the ECB and European Monetary Policy both…
Tumpel-Gugerell new ECB Board Member
Committee on Economic and Monetary Affairs gives ll clear for Gertrude Tumpel-Gugerell as new ECB Board Member, 29 April.
Support for Tumpel-Gugerell
Unanimous Support for new ECB Executive Board Member, 29 April.
UK must not waver in its euro tests
Anarticle in the Financial Times by Martin Wolf says for the UK government to win a referendum on the euro it must persuade the public of the economic benefits and be seen to approach the question with an open mind.
Hong Kong Monetary Authority - Annual Report 2002
The Hong Kong Monetary Authority has published its Annual Report for the year ended 2002. The Report explains the HKMA's work and achievements over the past year and sets out the challenges and objectives for the year ahead.
Growth and Adjustment in Chile-A Look at the 1990s
A Working Paper from the Central Bank of Chile published March 2003 provides a thorough review of the post-1998 slowdown in economic growth in Chile. The paper is jointly authored by the newly named president of the Banco Central De Chile Vittorio Corbo.
Hong Kong launches euro clearing system
Hong Kong launched its euro clearing system on Monday 28 April with the aim of eliminating Herstatt risk in foreign exchange settlements, according to Reuters.
China quarantines banknotes in SARS scare
China's banks are taking steps to halt the spread of the SARS virus and the central bank has urged people to use cards instead of cash. Other steps include sterilising banknotes with disinfectant, according to Dow Jones.
Duisenberg heir need not be French, lawmaker says
Christa Randzio-Plath, chairwoman of the European Parliament's monetary committee, has said that Wim Duisenberg's successor at the ECB does not have to be French, commenting "We have not only to look at nationality", according to Bloomberg News.
ECB warns SARS more damaging than war
In an interview with Spanish newspaper Il Sole 24 Ore, Tommaso Padoa-Schioppa, an executive member of the ECB, said the negative impact of the Iraq war could be outweighed by the effect of the SARS virus.
BMA chief to chair Jeddah conference
Bahrain Monetary Agency (BMA) Governor Shaikh Khalifa will chair the second meeting of the Islamic Financial Services Board (IFSB) Council meeting at the Islamic Development Bank on Wednesday 30 April, according to the Gulf Daily News.
Iraq central bank staff ready for return to work
Al Jazeera reports that staff of the looted and destroyed central bank of Iraq are ready to return to work - if there is security and another location can be found.
ECB's Duisenberg implies he will leave in a year
The European Central Bank published its annual report for 2002 on Tuesday with Wim Duisenberg hinting that he would not be at the ECB this time next year. "This will be the last foreword of an ECB Annual Report to bear my signature," he said in the…
Bank of Canada appoints new deputy governors
The Bank of Canada announced the appointment of two deputy governors to its interest rate setting governing council on Tuesday. David Longworth joined the Bank of Canada in 1974 and Mark Carney represents the addition of an outsider from an investment…
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In this week's Special Feature CentralBankNet presents extracts from an exclusive interview with Professor Manfred Neumann of the University of Bonn. In the interview Professor Neumann spoke to Central Banking journal's Editor Robert…