Central Banks
Europe and the dollar
If the dollar retreat of 2003 turns into the rout of 2004, what will be the options facing policy makers? Soundings among Europe's senior central bankers suggest American officials are making a big mistake if they assume that in a dollar crisis they will…
China hints at looser dollar peg
China's central bank new description of its exchange rate policy hints at plans to allow greater movement against the US dollar.
Interview with Mexico's Ortiz
Guillermo Ortiz, the governor of Mexico's central bank, has warned that the failure to introduce needed reforms will limit economic recover.
Predicting euro-area recessions
This ECB working paper looks at the informational content of the slope of theyield curve as a predictor of recessions in the euro area.
Duisenberg at a discount
Despite a splendid send-off in October, including a blizzard of awards from European countries, the image of Wim Duisenberg, the former president of the ECB, is starting to fade, CentralBankNet can exclusively reveal.
2002 statistics for CPSS countries payment systems
This annual BIS publication provides data on payments and payment systems in the CPSS countries: Belgium, Canada, France, Germany, Hong Kong SAR, Italy, Japan, Netherlands, Singapore, Sweden, Switzerland, United Kingdom and the United States.
International Research Forum on monetary policy
The second conference organised by the International Research Forum on Monetary Policy was held at the Federal Reserve Board on November 14-15, 2003.
Minutes of BoJ monetary policy meeting
The Bank of Japan monetary policy board met on November 20 and 21. The members agreed that the economy was starting to recover gradually and voted unanimously to maintain the current guideline for money market operations with the target range of "around…
Is There a Digital Divide?
The new edition of the San Francisco Fed's "Economic Letter" asks whether the region enjoys an advantage over the rest of the US in terms of the digital literacy of the population.
Putting the square mile to the test
Now that the Bank of England can no longer be seen as the champion of the City to government, will London lose out as a financial centre? The Centre for the Study of Financial Innovation (CFSI) held a meeting of interested parties earlier this month to…
Swiss National Bank given freedom to invest
Under the new Swiss National Bank (SNB) statute, the SNB will be allowed to invest in a far-wider range of assets.
Dollar fall to hit central bank profits
The strength of the euro against the dollar is proving a double-edged sword for Europe's central bankers. The decline in the value of the dollar against the euro is likely to eat into the earnings of the central banks of Germany, Austria and the…
Big cutback at New York Fed
The New York Fed's Buffalo regional office has announced that it will cut 60 of its 130 jobs in a nationwide restructuring of its retail securities business, officials said on Thursday 18 December.
ECB release forex rules for acceding central banks
The European Central Bank has released a paper which spells out how accession country central banks must manage their currencies in the run up to joining the euro.
High inflation hurting Irish competitiveness
High inflation in recent years has led to lasting damage to Irish competitiveness, the Central Bank said in its winter bulletin. The bank says the country has not only lost its competitive edge but in absolute terms the price level in Ireland is now 12%…
India's foreign exchange reserves top $100 bn
India's foreign exchange reserves broke through the $100 billion mark for the first time, on the back of investment and trade flows and the dollar's weakness against other currencies.
Malta's Deputy Governor re-appointed
David Pullicino has been re-appointed as deputy governor of the Central Bank of Malta for a five year term. Pullicino has been closely associated with the bank's development over the years and is involved in the strategy of eventual integration into the…
Finland's Matti Vanhala on sick leave
Governor of the Bank of Finland Matti Vanhala had some bad luck while staying at his holiday home in the archipelago recently. Vanhala broke his thigh and needed an operation which, the bank said, will keep him at home until after Christmas.
Chile's Senate approves new board member
Economist Manuel Marfan has been approved by Chile's Senate as a new member of the central bank's board. Marfan has an economics PhD from Yale University and currently works for the UN.
RBA appoints new Deputy Governor
The Reserve Bank of Australia has appointed Dr Philip Lowe as Assistant Governor, Financial System. Lowe joined the RBA 1980 after completing a PhD in economics at MIT. He will take up the position in early 2004.