Official Record
International Journal of Central Banking, Sep 05
The September 2005 issue of the International Journal of Central Banking has been published. The latest edition contains five article including 'Liquidity, risk taking, and the lender of last resort,' and 'Dollar shortages and crises'.
ECB Observer - Back to the rules
This publication released on Tuesday 27 September suggests that by publishing Governing Council meeting minutes, the ECB could improve the transparency and efficiency of its monetary policy substantially, thereby supporting its stability-oriented course.
SARB's Quarterly Bulletin, September 2005
The South African Reserve Bank has released its September 2005 Quarterly Bulletin. According to the latest Bulletin, global economic activity lost some of its earlier vigour in the first half of 2005, but still maintained a sturdy and probably more…
Bank of England Quarterly Bulletin, Autumn 2005
The Bank of England released its Quarterly Bulletin Autumn 2005 on Monday. The Bulletin includes the article "Assessing the MPC's fan charts" which says the Bank's use of fan charts has given a 'reasonably good guide' to the risks surrounding the outlook…
RBA Financial Stability Review, September 2005
The Reserve Bank of Australia published the September 2005 edition of its Financial Stability Review on Monday 26 September. The Australian financial system remains in good shape, according to the latest Review.
Chicago Fed National Activity Index, August 2005
The Chicago Fed National Activity Index for August 2005 was +0.10 down from +0.28 in July. Three of the four broad categories of indicators that make up the index - employment, consumption and housing, and sales, orders, and inventories - made positive…
IMF World Economic Outlook, September 2005
The IMF published its World Economic Outlook September 2005 on Wednesday 21 September. In the report the Fund said Hurricane Katrina's reach is global, as higher energy prices cast a cloud of uncertainty over a world economy that is otherwise on track…
St Louis Fed's Central Banker, Fall 2005
The St. Louis Fed's Central Banker magazine for Fall 2005 has been published. In the latest edition Julie Stackhouse, senior vice president of Banking Supervision and Regulation, shares her thoughts about why lenders should engage in prudent risk…
Philadelphia Fed Business Outlook Survey, Sep 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, September 2005, activity in the region's manufacturing sector slowed in September.
Policymaking on the FOMC: Transparency, Continuity
This Economic Letter is adapted from remarks by Janet Yellen, President and CEO of the San Francisco Fed, made on 31 May. Yellen says over the past decade, the FOMC has continually re-assessed the costs and benefits of various steps toward greater…
RBNZ Monetary Policy Statement, September 2005
The Reserve Bank of New Zealand published its September 2005 Monetary Policy Statement on 15 September. RBNZ Governor Alan Bollard said since the June Statement, economic indicators have broadly confirmed the slowdown in activity that commenced in the…
IMF Global Financial Stability Report, Sep 2005
The International Monetary Fund published its Global Financial Stability Report for September 2005 on 15 September. The global financial system has strengthened over the past year, according to the report, giving it a substantial cushion against…
HKMA Quarterly Bulletin, September 2005
The Hong Kong Monetary Authority published the September 2005 issue of its Quarterly Bulletin on 14 September. This issue of the Quarterly Bulletin contains two feature articles, both of which relate to the capital adequacy level of banks in Hong Kong.
Minutes from the Sveriges Riksbank Meeting, 23 Aug
The Sveriges Riksbank published the minutes from its 23 August Executive Board meeting on 12 September. One member considered that with regard to growth prospects for the Swedish economy, on the whole there was reason to make a slight upward revision to…
Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 27 July and 8-9 August meetings on 13 September. Two of the nine policy board members again proposed cutting the 30-35 trln yen liquidity target for banks, according to the minutes.
Bank of Japan Monthly Report, September 2005
The Bank of Japan published the English version of its September 2005 monthly report on 12 September. The BOJ upgraded its assessment of the economy in its September report for the third straight month.
Deutsche Bundesbank Monthly Report, August 2005
The Deutsche Bundesbank published the English version of its August 2005 Monthly Report on 6 September. The Bundesbank said general weak economic growth in the EU, rather than discrepancy in GDP growth rates, is likely the "real reason for widespread…
Federal Reserve Board - Beige Book, September 2005
The Federal Reserve published its September 2005 Beige Book survey on 7 September. U.S. business activity increased across the country from mid-July through August even as energy costs rose, according to the report.
Reserve Bank of Australia - Annual Report 2005
The Reserve Bank of Australia published its Annual Report for 2005 on 8 September. The period covered by the report was a period of relative calm as Australia's economic expansion continued into its 14th year, RBA Governor Ian Macfarlane said in the…
ECB Monthly Bulletin, September 2005
The European Central Bank published its September 2005 Monthly Bulletin on Thursday 8 September. The ECB said it needs to exercise 'particular vigilance' on risks to eurozone inflation following the recent increase in oil prices.
BIS Quarterly Review, September 2005
The Bank for International Settlements published its September 2005 Quarterly Review on Monday 5 September. Investors showed mounting anxiety over energy costs in late August, the report said.
Fed Reserve Bank of St Louis Review, Sep/Oct 2005
The latest edition of the St Louis Fed's Review for Sep/Oct 2005 includes an article "Targeting versus instrument rules for monetary policy" which advances arguments that contradict all of the four objections forwarded in Lars Svensson's 2003 paper on…
FOMC Minutes, 9 August
Minutes from the Federal Reserve's 9 August meeting published on Tuesday 30 August. Most Federal Reserve policymakers expressed concern that inflation risks had "ticked up" recently, with some worrying that price increases were already at the upper end…
Peru's strong 2004
December 2004 saw Peru celebrate its 42nd consecutive month of economic growth with a "significant improvement in the principal macroeconomic indicators," according to the central bank in its report for the year.