Economics
Interview: Jacques de Larosière
Europe must stick with its fiscal rules says the former managing director of the IMF and governor of the Banque de France. Interview by Robert Pringle.
An economic government for Europe
This article is intended for readers who would like to know what kind of economic government Europe needs if the euro is to be put on a secure footing1.
Interview: Ochirbat Chuluunbat
In this interview the Bank of Mongolia’s governor explains how the central bank has laid the foundations for a dynamic and competitive economy.
Interview: Christian de Boissieu
Professor de Boissieu is head of the economic advisory council attached to the French prime minister’s office. In this exclusive interview he explains how Europe’s economic rules should be rewritten. Interview by Robert Pringle.
Interview: Y.V. Reddy
The governor of India’s central bank explains his watchful approach to economic development and reveals how a financial crisis was averted after May’s general election. Interview by Nick Carver.
News Analysis: Euro cash in demand
Nick Carver reports on the sharp rise in euro banknotes in circulation.
Highlights of transition
This article recalls Mongolia’s achievements since 1990, and sets out what the country must strive for in the future.
The Fund and Bank: learning the right lessons?
Recent vitriolic attacks on the Bretton Woods twins go too far. But some changes are urgently needed. Frank Cassell calls for less G7 dominance and more executive board independence.
Interview: Fatih Özatay
The vice-governor of the Central Bank of the Republic of Turkey explains how the war in Iraq has affected the central bank and discusses its approach to inflation targetting.
Interview: Irakli Managadze
Georgia, despite its economic burdens, has made striking progress towards ensuring monetary stability. The central bank governor, Irakli Managadze, describe how he has tackled the job.
Interview: Grigori Marchenko
In conversation with Benedict Mander, the chairman of the National Bank of Kazakhstan discusses reserve management policy, the importance of oil, and the difficulties in retaining staff at the central bank.
Interview: Manfred J.M. Neumann
In conversation with the editor, Manfred J.M. Neumann explains why the ECB should keep its first pillar (a prominent role for money growth), but alter potentially divisive voting proposals. Manfred J.M. Neumann is a professor of economics at the…
Why is the gold price rallying?
Despite talk of deflation, concerns over the dollar’s strength have boosted gold’s standing, says David Hale.
Leadership and management in central banking
Future demands on central banks require them now to adopt innovative approaches to leadership and management, argues John Mendzela in the first of two articles.
The costs of conversion for the UK
Graham Bannock, of Bannock Consulting, puts a figure of £12 billion on a switch to the euro for British business. For many, especially small firms, cost will exceed benefit, which may explain why most of them oppose UK entry.
SAMA’s role in the Saudi economy
Since its inception in 1952, SAMA has overseen momentous changes in the Saudi economy as well as taking an active role in the development of the banking sector and capital markets.
Interview: Hamad Saud Al-Sayari
In a wide-ranging interview Hamad Saud Al-Sayari, governor of SAMA since 1983, discusses the evolution of the agency, its role in developing financial markets and the challenges it faces.
The future of the Central Bank of West African States
Charles Konan Banny, governor of Banque Centrale des Etats de l’Afrique de l’Ouest, assesses the prospects for monetary union in West Africa in the light of recent economic developments and the introduction of the euro.
Puzzles in economic growth and exchange rates
Economic growth is a preoccupation of rich and poor, slow and fast growing countries alike. Graham Bannock reviews three attempts to unravel the mystery.
The Euro 50 Group Roundtable: The dangers of inflexibility
There is a fundamental clash of logics at the centre of the debate on accession. Despite legal considerations, different countries in different economic circumstances require a flexible approach, argues Charles Wyplosz.
The Euro 50 Group Roundtable: Is Maastricht too tough?
György Szapáry assesses the credentials of candidate countries for joining economic and monetary union. Existing euro countries have nothing to fear and candidates everything to gain, he argues.
Rational and irrational bubbles
How should central banks react to “irrational exuberance”? Central banks cannot burst what they cannot see, contends Allan Meltzer.