European Central Bank (ECB)
Trichet says further rate rises may be 'warranted'
European Central Bank president Jean-Claude Trichet said Thursday 3 August more interest rate increases may be "warranted" after the bank increased eurozone rates for the fourth time in eight months.
ECB's Opinion on National Bank of Poland law
The European Central Bank on Thursday 3 August published an Opinion in which it expressed concern over proposed amendments to National Bank of Poland statutes which relate to changes in the composition of the Banking Supervision Commission.
Monetary conservatism and fiscal policy
This European Central Bank Working Paper, published 27 July, asks whether an inflation conservative central bank remains desirable in a setting with endogenous fiscal policy.
The Old Lady can afford to be patient
According to this article by the Financial Times, published on Wednesday 2 August, there is a big difference between the predictability of the ECB's plans on Thursday, and the uncertainty surrounding the Bank of England's decision the same day.
ECB paper on fiscal policy in a monetary economy
The ECB Working Paper "Fiscal policy in a monetary economy with capital and finite lifetime" published 27 July develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes.
Comment: Has Trichet's gambit paid off?
The ECB heads into this week's monetary policy meeting with markets fully expecting a 25 basis point hike. Has the decision to have an unscheduled meeting, which effectively pre-announced the decision, changed the prospects for the course of eurozone…
Cross-border bank contagion in Europe
This European Central Bank Working Paper, published 27 July, analyses cross-border contagion in a sample of European banks from January 1994 to January 2003.
Fiscal convergence before entering the EMU
This European Central Bank Working Paper, published 27 July, addresses the question of whether a reduction of public deficits, such as imposed by the Maastricht fiscal criteria, is a necessary or useful step on the road to the adoption of the euro.
Comment: Developments in July
Here is a quick look back at development affecting central bank in month of July.
ECB paper on fiscal policy in a monetary economy
The ECB Working Paper "Fiscal policy in a monetary economy with capital and finite lifetime" develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes.
ECB paper on the impact of policy decisions
The ECB Working Paper "The impact of ECB monetary policy decisions and communication on the yield curve" analyses high-frequency changes in the euro area money market yield curve on dates when the ECB regularly sets and communicates decisions on policy…
Monetary policy rules in the pre-EMU era
The ECB Working Paper "Monetary policy rules in the pre-EMU era: Is there a common rule?" analyses the period 1993 to 1998 saying there is no clear agreement regarding the monetary policy pursued in the member countries during the convergence process.
ECB sets Nov 2007 date for TARGET2
The European Central Bank on Friday 21 July confirmed the starting date for its payment system TARGET2 as 19 Nov 2007.
ECB's Bini Smaghi on financial globalisation
In the speech 'Financial globalisation and integration: What's next? A forward-looking perspective' given on 18 July Lorenzo Bini Smaghi of the ECB said economic and financial imbalances between the main economic regions of the world continue to widen…
ECB's Stark on financial globalisation
In the speech 'Financial globalisation: Economic policies in a new era' given on 17 July Jurgen Stark of the ECB said the risk of a disorderly unwinding of global imbalances is rather low.
Juncker says ECB not only one concerned on rates
The exchange rate policy is not the exclusive domain of the European Central Bank, the head of the Eurogroup Jean-Claude Juncker said in a newspaper interview published Thursday 20 July.
Upset about death of Fed watching? Come to Asia
According to this article from Bloomberg, published Wednesday 19 July, the Federal Reserve has so comprehensively demystified what it does, that anyone can become a Fed watcher.
Spain's Ordonez pledges to support ECB
Miguel Angel Fernandez Ordonez, the new governor of the Bank of Spain, said Tuesday 18 July his central bank will continue to strengthen the support it offers the European Central Bank.
ECB's Quaden awaits evacuation from Lebanon
Belgian national bank governor Guy Quaden, also a board member of the European Central Bank, is set to be evacuated from Lebanon by Belgian authorities, where he was on vacation, his spokeswoman was quoted by Dow Jones as saying Tuesday 18 July.
Tumpel-Gugerell on the Retail Banking Sector
In the speech 'Preliminary findings of the Retail Banking Sector Inquiry' given on 17 July Gertrude Tumpel-Gugerell of the ECB said called for progress on the integration of the EU's retail bank markets.
ECB's Bini Smaghi on global imbalances
In the speech 'European and Asian perspectives on global imbalances' given on 14 July Lorenzo Bini Smaghi of the ECB said for the euro area, Asia has now become a more important trade partner than the US.
ECB Monthly Bulletin, July 2006
The European Central Bank published its July 2006 Monthly Bulletin on Thursday 13 July. In the report the ECB said it is exercising strong vigilance on inflation risks and expects interest rates to rise progressively if the euro zone economy continues to…
Comment: Left out in the cold
While Slovenia celebrates its imminent entry to the eurozone, the Baltic aspirants can feel more than a little peeved by Brussels' handling of their efforts to join the club.
Trichet says financial integration 'major goal'
European Central Bank president Jean-Claude Trichet said Tuesday 11 July financial integration is a key goal for the ECB as it will help boost growth and absorb shocks.