International Monetary Fund (IMF)
IMF seminar on monetary and financial law
The IMF will hold its 2006 Seminar on Current Developments in Monetary and Financial Law at the IMF headquarters on 23-27 October. The theme of the seminar will be Law and Financial Stability. Federal Reserve governor Randall Kroszner will deliver the…
IMF's Carstens steps down for Mexican post
Agustin Carstens, deputy managing director of the International Monetary Fund announced Monday 16 October his intention to leave the Fund with immediate effect to accept an appointment in Mexico President-elect Felipe Calderon's transition team.
IMF's Carstens on opportunities and challenges
In the speech 'Opportunities and challenges for banks and supervisors in an Internationalized Financial System' given on 4 October Agustin Carstens of the IMF said Latin American governments must better supervise banks to avoid future crises and take…
Political instability and inflation volatility
The purpose of this International Monetary Fund Working Paper is to empirically determine the causes of worldwide diversity of inflation volatility.
GCC dollar reserve shift unlikely
Oil-producing GCC countries, which hold most of their currency reserves in dollars, are unlikely to move away from the greenback, according to the IMF's director for the Middle East and Central Asia.
EU draft statement calls for limited IMF reform
According to a draft statement, European Union countries are willing to cede only a ``limited'' share of power in the International Monetary Fund to fast-growing emerging economies.
IMF paper on West African financial integration
The IMF Working Paper "Financial integration in the West African Economic and Monetary Union" assesses the degree of financial integration in the West African Economic and Monetary Union (WAEMU).
Krueger on financial markets and economic growth
In the speech 'Financial markets and economic growth' given on 28 September Anne Krueger of the IMF said failure to develop the financial sector can put an enormous brake on growth prospects.
IMF paper on currency volatility trends
The IMF Working Paper "Common volatility trends in the Central and Eastern European currencies and the euro" asks how much convergence has been achieved between Central and Eastern European (CEE) economies and the eurozone.
IMF paper on asset market participation
The IMF Working Paper 'Asset market participation, monetary policy rules, and the Great Inflation' argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their…
IMF's Carstens on strengthening IMF surveillance
In the speech 'Strengthening IMF surveillance: What have we learned from independent evaluations?' given on 18 September Agustin Carstens of the IMF said we are doing many things to strengthen multilateral surveillance further.
Kosovo banking authority becomes central bank
According to news agency KosovaLive, UN Interim Administration Mission in Kosovo (UNMIK) head Joachim Ruecker signed an agreement on Wednesday 20 September by which the Banking and Payment Authority of Kosova becomes the Central Banking Authority of…
SARB rejects IMF inflation-target suggestion
The government and the South African Reserve Bank have asked the International Monetary Fund (IMF) to stop making policy suggestions that sound prescriptive, South African Reserve Bank Governor Tito Mboweni said on Friday 22 September.
Riyadh to host payment systems conference
A two-day international conference on 'Payment Systems in Saudi Arabia and GCC countries' is to be held in Riyadh from 14 November. The forum will discuss the present mode of electronic access to funds at remote locations and future strategies.
BOT chief denies premiership rumours
Bank of Thailand (BOT) governor M.R. Pridiyathorn Devakula on Wednesday 20 September denied a rumour he had been approached to take the Thai premiership.
GCC central bank to be based in Abu Dhabi
The GCC states have already agreed to base the new GCC central bank in Abu Dhabi, a report said.
ECB's Liikanen sees 'challenge' to cut inflation
Bringing eurozone inflation back down to the European Central Bank's target level of 2 pct or lower will be "a challenge", even over the medium term, said ECB governing council member Erkki Liikanen in an interview published Tuesday 19 September.
Hedge funds take backseat to Asian central banks
According to this article from Bloomberg, published Friday 15 September, hedge funds are taking a backseat to Asian central banks.
ECB's Gonzalez-Paramo on statistics
In the speech 'Statistics for the international financial system' given on 18 September Jose Manuel Gonzalez-Paramo of the ECB said in today's global economy, timely and reliable official statistics play a key role in policy-making as well as in…
IMF members approve voting reform plan
The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.
Fukui says risks will be assessed cautiously
Bank of Japan governor Toshihiko Fukui said Friday 15 September the central bank will cautiously monitor various risks before taking further policy actions in its current credit-tightening cycle.
IMF World Economic Outlook, September 2006
The International Monetary Fund published its World Economic Outlook September 2006 on 14 September. In the report the IMF raised its forecast for global economic growth while warning that inflation, oil prices and the U.S. housing slowdown threaten the…
IMF's Rato on prospects for the world economy
In the speech 'Prospects for the world economy' given on 12 September Rodrigo de Rato of the IMF said large global current account imbalances continue to be a major concern for the outlook.
Paper on governance and the IMF
The Bank of Canada Working Paper "Governance and the IMF: Does the Fund Follow Corporate Best Practice?" identifies governance issues facing the International Monetary Fund that have remained largely ignored by the literature and policy-makers alike.