European Central Bank (ECB)
ECB paper on central banking operations
A new paper from the European Central Bank models bidding behaviour in central bank open market operations.
Report sees slower gold sales
With European central banks unlikely to opt to sell the maximum allowable 500 metric tons of gold in their annual quota, gold prices should benefit from the reduced physical supply, according to a report by London-based consultancy Virtual Metals Ltd.
SPEED: the new journal for financial plumbers
SPEED - short for Settlement, Payment, E-money and E-trading Development - is a new journal aimed at all those policy-makers in banks, central banks and system operators who are trying to ensure that the financial infrastructure, often called the …
Securities Settlement Service may cut costs
Costs for securities settlement services could fall as much as 20% if the European Central Bank sets up a single platform in the eurozone, a person familiar with the deliberations told Dow Jones Newswires Thursday 17 August.
ECB paper on the European corporate bond market
The ECB Occasional Paper "Implications for liquidity from innovation and transparency in the European corporate bond market" offers a new framework for the assessment of financial market liquidity and identifies two types: search liquidity and systemic…
France's Breton says sharp ECB hikes not needed
France's Finance Minister Thierry Breton said in an interview there is no need for the European Central Bank to continue raising interest rates much above the current 3.0 pct level.
ECB Monthly Bulletin, August 2006
The European Central Bank published its August 2006 Monthly Bulletin on Thursday 10 August. In the report the ECB said it will raise interest rates further to contain inflation if the eurozone economy develops as it expects.
Lithuania sets sights on eurozone entry in 2009
The Lithuanian government has said that it will pass a euro adoption plan this Autumn, according to a local press report.
A contrasting tale of two central bankers
According to the article "From Poland to Japan: a contrasting tale of two central bankers" from The Japan Times, published Monday 7 August, Poland's new leaders look set to concentrate the entire spectrum of financial supervisory powers in the prime…
ECB Government Finance Statistics Guide
The European Central Bank published a guide to the statistical reporting requirements of the ECB in the field of Government Finance Statistics on Friday 4 August.
ECB's Liebscher says ECB may raise rates higher
European Central Bank council member Klaus Liebscher was quoted on Monday 7 August as saying in an interview that the eurozone central bank is ready to raise interest rates further.
ECB's Bini Smaghi sees further policy tightening
European Central Bank executive committee member Lorenzo Bini Smaghi said in an interview published Sunday 6 August that he sees further increases in euro zone interest rates in the next months.
ECB announces changes in senior management
The Executive Board of the European Central Bank (ECB) announced Thursday 3 August it has decided on some changes in the senior management.
ECB paper on credit risk mitigation
The ECB Occasional Paper "Credit risk mitigation in central bank operations and its effects on financial markets: the case of the Eurosystem" reviews the role and effects of the collateral framework which central banks, and in particular the Eurosystem,…
Belgium's Quaden says all things possible
Belgian National Bank governor Guy Quaden said in a radio interview it is possible for the European Central Bank to control inflation at the same time as promoting growth.
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.