European Central Bank (ECB)
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.
President of the Slovak Republic visits ECB
The President of the Slovak Republic, HE Ivan Gasparovic, visited the European Central Bank (ECB) on Monday 10 July.
Juncker says ECB 'pointing' to rate rise
Euro group president Jean-Claude Juncker said Monday 10 July the European Central Bank has been signalling that it will raise interest rates again before long.
Papademos on price stability & financial stability
In the speech 'Price stability, financial stability and efficiency, and monetary policy' given on 7 July Lucas Papademos of the ECB said transparency in monetary policy is important for financial stability and financial efficiency.
EU Parliament wants information on SWIFT
The European Parliament adopted a resolution on Thursday 6 July asking EU governments, the Commission and the European Central Bank to explain what they know about the SWIFT agreement.
ECB considers new securities settlement service
The European Central Bank said Friday 7 July it is considering setting up a new service for securities settlement in the eurozone. Through the new system, the ECB said it aims for synergies and harmonized settlement of securities transactions in the euro…
Tumpel-Gugerell on European financial integration
In the speech 'European financial integration and the financial system' given on 6 July Gertrude Tumpel-Gugerell of the ECB said economic growth and prosperity was one of the main goals for the establishment of the European Union. The next hurdle is now…
Norges Bank Economic Bulletin, July 2006
Norges Bank published its July 2006 Economic Bulletin on Thursday 6 July. The latest Bulletin includes: "Review of the ECB's strategy and alternative approaches," a speech by Jan Qvigstad, Chief Economist, Norges Bank and "Norges Bank's management of…
Trichet gives strong hint on August rate rise
European Central Bank president Jean-Claude Trichet said Thursday 6 July that the ECB governing council will meet in person on 3 August rather than by teleconference, as it normally does for its early August policy meeting.