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Official Record

ECB's TARGET Annual Report 2007

In 2007, use of TARGET, a large-value payment system in the euro area, surged in terms of both volume and value of transactions business, the annual report on the system states.

A firm-wide view of risk exposure crucial

Risk concentrations at most financial conglomerates are still mainly identified, measured and managed within separate risk categories and business lines, notes the Joint Forum of the Basel Committee on Banking Supervision in a new review.

ECB Annual Report 2007

The third enlargement of the euro area, which took place on 1 January 2008 when Cyprus and Malta adopted the single currency, occurred in a smooth and efficient manner, Jean-Claude Trichet, the president of the central bank said in his introduction to…

ECB Monthly Bulletin - April 2008

The latest edition of the European Central Bank's Monthly Bulletin argues that recent movements in bond markets that appear to indicate a pick up in euro-area inflation expectations, are misleading.

Dallas Federal Reserve - Annual Report 2007

Turning away from globalisation's call risks squandering a golden opportunity, writes Richard Fisher, the president of the Dallas Federal Reserve, in his opening letter at the start of the institution's 2007 annual report.

Latest Beige Book makes grim reading

The April edition of the Federal Reserve's Beige Book, a summation of economic conditions in the US based on reports from the 12 regional Feds, signals that events in the financial markets are beginning to have a marked impact on the real economy.

Governors discuss African market development

The South African Reserve Bank has published a series of papers from a roundtable of governors, where discussions focused on the theme "Financial market developments in Africa: new challenges for central banks?"

Commodity prices prompted RBA rate rise

The likelihood of rampant commodity price growth over the course of 2008 led the Reserve Bank of Australia to hike rates by a quarter point earlier this month, minutes of the March monetary policy meeting reveal.

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