Central Banks
Preparing for cross-border bank failures
Increasingly, small countries will not supervise their systemically importantbanks. They will still have to pick up the pieces in a crisis though. ProfessorDavid Mayes, special adviser to the Bank of Finland, examines how they canrespond.
Central Bank of Luxembourg - Annual Report 2003
The Central Bank of Luxembourg has published its Annual Report for the year ended 2003.
Fed's Bies on the economic outlook
In a speech on 'The Economic Outlook and Financial Health of Bank Customers' given on 22 April, Susan Bies of the Federal Reserve said recent indicators suggest that the pace of economic activity remains solid, while inflationary pressures continue to be…
Trichet on European Priorities: an ECB perspective
In a speech on 'European Priorities: an ECB perspective' given on 23 April, Jean-Claude Trichet of the ECB said that the ECB, its Governing Council, and the full body of the Eurosystem are doing all what they can for Europe to cope with its present…
Fed's Olson on the redesigned 2004 US $50 note
In a speech on 'Preview of the Redesigned Series 2004 U.S. $50 Note' given on 26 April, Mark Olson of the Federal Reserve said this $50 note is beautifully designed and includes important anti-counterfeiting features.
ECB rates not an obstacle: Stark
The current level of interest rates in the 12-country eurozone is no obstacle to economic growth in the single currency region, the Bundesbank's interim president Juergen Stark said in newspaper interviews on Monday 26 April.
Welteke to face probe this week
Former Bundesbank President Ernst Welteke is to be interrogated on Wednesday 28 April by prosecutors in the so-called "Adlon" affair, in which the central bank chief is accused of illegally accepting gifts, the mass-circulation daily Bild reported on…
G7 upbeat on world economy
Finance chiefs from the world's G7 nations agreed on Saturday 24 April that the global economic outlook had brightened significantly but the threat of further oil price rises was one of the few clouds on the horizon.
Rates in line with economy: ECB's Tumpel-Gugerell
Euro zone interest rates are in line with economic conditions, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said in an interview released on Sunday 25 April.
France, Germany pressured ECB over rates-report
The European Central Bank faced more pressure for lower interest rates from the euro zone's biggest countries, France and Germany, at Saturday's meeting (April 24) of the world's top economic powers, an EU source said.
Russia appoints new first deputy chairman
Russia's first deputy finance minister, Alexei Ulyukayev, is moving to the central bank to oversee monetary policy as first deputy chairman.
Welteke won't get full salary to 2007
Former Bundesbank President Ernst Welteke won't draw his full salary as German central bank chief over the next three years after quitting last week, denying a report in the Financial Times Deutschland newspaper.
BOJ to open vault to public in summer
The Bank of Japan said on Tuesday 20 April that the central bank will open its main vault to the public during the summer time.
Korea recommends three for monetary board
The government and the Bank of Korea this week recommended three prominent financial experts as new members of the central bank's interest rate-setting board.
Interview with former Fed governor Larry Meyer
In an interview with BusinessWeek published this week former Federal Reserve governor Laurence Meyer said he still isn't convinced the inflation evidence is strong enough for the Fed to rush through a rate hike, but he does believe that it could well…
Rato set to be next IMF chief
Former Spanish finance minister Rodrigo Rato looks certain to become the International Monetary Fund's new chief after the United States threw its support behind his candidacy this week.
EU Parliament approves Gonzalez-Paramo to ECB
The European Parliament on Monday 19 April endorsed Spain's Jose Manuel Gonzalez-Paramo to succeed ECB board member Eugenio Domingo Solans next month.