Opinion
Deputy dogged by lack of job definition at B of E
ARTICLE - To be Deputy Governor of the Bank of England is a hazardous occupation, reported the Daily Telegraph on Friday. The first, Michael Godfrey, went to the wars and lost his head to a cannon-ball apparently.
Can Basel II be made to work?
ARTICLE - Latest developments in the progress of the Basel II Capital Accord have raised concerns by both US and European parties that its complexity will lead to unequal treatment. The Banker magazine, in its August 2002 edition, examines the issue and…
Greenspan keeps his nerve
ARTICLE - More mixed economic data appear to support Alan Greenspan's cautious decision not to cut interest rates any further for the time being, reports the Economist magazine on Friday. But this week the Fed admitted that stockmarket jitters have…
How economics came to rival religious faith
ARTICLE - Is economics a religion? This question is posed by Samuel Brittan in the Financial Times on Thursday.
Iraq's central bank governor details new bank note
ARTICLE - Iraq's central bank Governor Dr Isam Rashid Huwaysh has explained the bank's decision to issue a 10,000-dinar banknote, in an interview with the Al-Rafidayn web site.
Don't blame Brazil
ARTICLE - In an article in the Financial Times on Tuesday, George Soros suggests that the market's reaction to the IMF's $30bn rescue package in Brazil shows that a new approach is needed.
Liberalising our exchange controls
ARTICLE - At the recently-held public/private sector consultation on economic and related issues, Governor of the Central Bank of Barbados, Dr. Marion Williams presented a paper on Barbados' response to the liberalisation of trade in financial services.
Sovereign bankruptcy: an opinion Jean-Jacques Rey
Jean-Jacques Rey welcomes Anne Krueger’s proposals for a sovereign debt restructuring mechanism. But is it a dead-end or promising avenue?
No middle ground on operational risk debate
ARTICLE - While regulators insist they are well on their way down the road to new international capital standards, bankers say they are following the wrong map to destinations unknown. From American Banker, 12 August.
It's time to create the 'amero'
ARTICLE - In an article in the Canadian National Post on Friday Herbert Grubel introduces the idea of the 'amero' a single currency between Canada the USA and possibly Mexico along the same lines as the euro. He also tries to unravel some apparent…
Rudiger Dornbusch
ARTICLE - Rudiger Dornbusch, a far-from-dismal economist, died on July 25th, aged 60. The Economist magazine, 9 August paid tribute to him.
Interview with Milton Friedman
INTERVIEW - Central Banking, The Quarterly Journal, contains an exclusive interview with Milton Friedman in the August 2002 edition. The Editor, Robert Pringle, spoke to US Economist Milton Friedman, just before Friedman celebrated his 90th birthday. In…
Managing the World Economy
ARTICLE - An Article by Kenneth Rogoff, Economic Counsellor and Director of the Research Department, International Monetary Fund, The Economist.
How much do you know about the Federal Reserve?
QUIZ - In a week that sees the Federal Reserve decide on interest rates and on the day that Alan Greenspan finds out he will receive a knighthood from the Queen of England, the Washington Post provides a short 10 question quiz on the Federal Reserve.
The price of a common currency
ARTICLE - Europe would soon regret any relaxation of the stability pact, argues Horst Siebert in the Financial Times, Tuesday.
Another Milton Milestone
ARTICLE - Another article paid tribute to Milton Friedman on his birthday (90) Wednesday. 'The most influential economist of the second half of the 20th century,' as the NationalReviewOnline called him. The article reveals that Friedman showed that…
ECB shows one interest rate may be better for all
ARTICLE - The case for the Euro: Exchange rate needs to drop further before UK can safely join the euro, by Professor Robin Marris. Published in the Independent newspaper, UK, 31 July.
Obituary for Rudiger Dornbusch
OBITUARY - Rudiger Dornbusch, always known as Rudi, died last week at the age of 60. He was one of the most inspirational and innovative academic economists of his generation.
O'Connell swaps central bank for sporting role
FEATURE - Central banks aren't the only ones to hold gold. The Brazilian World Cup football team will tell you that, and they've got plenty in reserves over the years. But CentralBankNet learns that the, oh so, unlucky Irish team are set to receive help,…
Working at the Bank of England
ARTICLE - Got a good head for figures? Then you should consider a career with the Bank of England, reports Monday's Guardian newspaper in the UK.
ECB expansion raises questions of independence
ARTICLE - Will new entrants to the monetary union significantly alter Euroland monetary policy? They could, unless voting rules at the ECB's Governing Council are carefully examined to avoid the possibility of regional bias. Article from the Taipei Times…
Japan-style financial crisis looms for Taiwan
ARTICLE - A researcher with the Asian Development Bank Institute said Thursday that indications are Taiwan may be due for a crisis like the one that hit Japan in 1997.
Europe's instability pact
ARTICLE - Thursday's Financial Times in London published an article by Paul De Grauwe who recently stood unsuccessfully as a candidate for the post of Vice President of the European Central Bank.