European Central Bank (ECB)
Cultural days of the ECB 2005: Hungary
Hungary will be the country featured in this year's Cultural Days of the European Central Bank, which will be held from 2 to 28 November 2005 in cooperation with Magyar Nemzeti Bank, the central bank of Hungary, the ECB said on Thursday 11 August.
ECB Monthly Bulletin, August 2005
The European Central Bank published its August 2005 Monthly Bulletin on Thursday 11 August. The euro zone economy is on track for gradual expansion without pressing inflationary problems, the report said.
German finance minister calls for ECB rate cut
German Finance Minister Wolfgang Clement called on the European Central Bank to cut interest rates, saying it was "remarkably" more reserved than other central banks.
IMF letter on prospects for ECB rate cut
In a letter published by the Financial Times on Tuesday 9 August, Michael Deppler of the IMF said international developments suggest that the worst may be over on growth in the eurozone but point to further upward pressure on headline inflation because…
ECB's Issing sees positive signals on economy
European Central Bank chief economist Otmar Issing said in an interview there have been a series of positive signals on the economy, but said high oil price could curb growth.
Trichet at the memorial service for Wim Duisenberg
In a speech during the memorial service for Wim Duisenberg given on 6 August Jean-Claude Trichet of the ECB called Duisenberg a great European and friend.
DNB's Wellink on Duisenberg's legacy
In a speech at Wim Duisenberg's memorial service given on 6 August Nout Wellink of the DNB said his open manner of communicating was enhanced by another quality: his ability to delegate and bestow trust, even on very young employees.
The future of EMU: one size fits none?
According to the forthcoming edition of Central Banking, inflation and output gap differentials have grown between European states since the inception of the EMU in 1999. If these continue to worsen, the resulting tensions would put a big strain on…
Wim Duisenberg
This obituary for former European Central Bank president Wim Duisenberg, who died on Sunday 31 July, contrasts his rough ride at the ECB with the high reputation he had enjoyed among fellow central bankers during his tenure as governor of the…
Bank of Italy under siege
The trials and tribulations of Antonio Fazio, governor of the Bank of Italy, have raised many disturbing questions regarding the governance of Italy's central bank and of its regulatory system. This is a very sad business. This is the first of a new…
ECB 'Blue Book' on payment and settlement systems
The European Central Bank published the latest addendum to the June 2001 report entitled "Payment and securities settlement systems in the European Union" (third edition) on Tuesday.
ECB rates on hold a while longer says Stark
The ECB's decision not to change rates at its meeting on Thursday 4 August was foreshadowed in a newspaper interview with Bundesbank Vice President Juergen Stark who said muted price pressures allow rates to remain on hold for a while longer.
ECB paper on large-value payment systems
The ECB Working Paper "Incorporating a 'public good factor' into the pricing of large-value payment systems" considers optimal pricing rules for a public large-value payment system (LVPS) that produces a public good (like prevention of systemic risk) but…
Greenspan praises late ECB chief
Federal Reserve chairman Alan Greenspan on Monday 1 August praised the contribution of the European Central Bank's first president, Wim Duisenberg, who died on Sunday.
ECB sued over euro note security
A company that specialises in anti-counterfeiting technology filed a lawsuit against the European Central Bank on Monday 1 August claiming the euro common currency infringes on a patent issued in 1999.
ECB statement on Wim Duisenberg's death
The European Central Bank released a statement on Sunday 31 July following news of the death of former ECB president Wim Duisenberg.
Former ECB president found dead
Wim Duisenberg, former president of the European Central Bank, was found dead on Sunday 31 July at his villa in the south of France.
Systemic risk in alternative payment system design
This European Central Bank Working Paper analyses the consequences of an isolated, sudden and unexpected failure of a bank in alternative interbank payment system designs.
Germany's Clement says ECB rate cut overdue
German Economy Minister Wolfgang Clement has criticised the European Central Bank for failing to give the region's economy a boost by cutting rates at a time when conditions would have been more easily able to cope with relaxation of monetary policy.
ECB paper on rules for a currency union
The ECB Working Paper "Fiscal and monetary rules for a currency union" published on Thursday 21 July addresses the question of the joint conduct of fiscal and monetary policy in a currency union.
ECB's Paramo says Q2 growth likely below Q1
European Central Bank Executive Board Member Jose Manuel Gonzalez-Paramo said in an interview published on Monday 25 July that the eurozone economy probably grew slightly less in the second quarter of this year than in the first, but longer term it…
Luxembourg's Mersch indicates unchanged ECB rate
European Central Bank Governing Council member and Luxembourg central bank president Yves Mersch indicated in an interview the ECB will keep its key rates unchanged despite higher oil prices.
Trichet on the financial services policy 2005-2010
In the speech 'Financial services policy 2005-2010: the ECB's view' given on 18 July, Jean-Claude Trichet of the ECB said that international agreement would be needed before regulations are imposed on the hedge fund industry.
Austria's Grasser says ECB criticism unhelpful
Austrian Finance Minister Karl-Heinz Grasser said in an interview that criticism of the European Central Bank by some eurozone countries is diverting attention away from Europe's real economic problems.