Asia
BoE's Gieve on the City's growth
In the speech 'The City's growth: The crest of a wave or swimming with the stream' given on 26 March John Gieve of the Bank of England said the City of London looks set to consolidate its position as a top financial centre as the gap between the US and…
Has the dollar met its date with destiny?
According to this article from MoneyWeek, published Monday 26 March, the dollars steady decline on the foreign exchange markets seems certain to gather momentum.
ECB's Bini Smaghi on the world economy
In introductory remarks at Internationaler Club Frankfurter Wirtschaftsjournalisten given on 14 March Lorenzo Bini Smaghi of the ECB said Asia not only makes a strong contribution to world economic growth but also plays a "shock-absorbing" role in the…
YV Reddy appointed chairman of the BIS in Asia
The Board of Directors of the Bank for International Settlements (BIS) announced Monday 12 March Yaga V Reddy as Chairman of the BIS Asian Consultative Council (ACC).
Akhtar: Pakistan - investment friendly destination
In the speech 'Pakistan - an investment friendly destination' given on 22 February Shamshad Akhtar of the State Bank of Pakistan said Pakistan offers endless possibilities with its vast untapped resources.
Trichet calls for yuan, Asian FX rate appreciation
ECB president Jean-Claude Trichet said Friday 23 February that there should be an appreciation in China's yuan exchange rate and other Asian currencies that aren't free-floating.
Russia reiterates reserve diversification idea
The Russian central bank remains interested in further diversification of the currency structure of its gold and forex exchange reserves, its first deputy chairman said in a newspaper interview published on Tuesday 21 February.
Independent central banks are rare breed in Asia
According to this article published Wednesday 14 February by Bloomberg, Asian leaders seem to believe that the art of central banking is too important to be left to bankers.
BoE paper on Asia's choice of exchange rate regime
In the Bank of England Working Paper "Does Asia's choice of exchange rate regime affect Europe's exposure to US shocks?" the authors use a stylised three-country model to analyse how the transmission of US shocks to Europe might be affected by Asia's…
When larger reserves may not really be good
According to this article from the New Straits Times, published Friday 9 February, questions the idea that foreign exchange reserves are a key indicator of macroeconomic strength.
SF Fed's Yellen on the Asian financial crisis
In the speech 'The Asian financial crisis ten years later: Assessing the past and looking to the future' given on 6 February Janet Yellen of the Federal Reserve Bank of San Francisco said China's exchange rate policy should be more flexible in order to…
Central bank reserve management forum
The Brunei Ministry of Finance hosted the 5th Southeast Asian Central Banks Research and Training Centre (SEACEN) Executive Committee (EXCO) meeting this week at the Rizqun International Hotel.
China's Yu says coordinate foreign reserve policy
Yu Yongding, a former adviser to the People's Bank of China, said on Friday 26 January that officials should coordinate foreign reserve policy with other Asian central banks to prevent volatility in currency markets.
IMF chief calls for flexible yuan, warns BoJ
The head of the International Monetary Fund said Monday 22 January that greater flexibility in China's exchange rate will help Asian economies cope with potential risks from sharp capital inflows.
Fukui on future challenges for Asian economies
In a speech given on 22 January Toshihiko Fukui of the Bank of Japan called for the monetary authorities in Asia to forge closer links to limit the effect of massive money flows into the region.
IMF's Rato says euro, Fed rates may have to rise
The European Central Bank and the U.S. Federal Reserve may have to raise interest rates once more to keep inflation in check, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday 8 January as saying.
HKMA Quarterly Bulletin, December 2006
The Hong Kong Monetary Authority has published the December 2006 issue of its Quarterly Bulletin. The Bulletin includes the article 'Financial integration in Asia' which shows that the level of regional integration of Asia's capital and banking markets…
IMF paper on large international reserves hoarding
The IMF Working Paper 'Financial versus monetary mercantilism: Long-run view of the large international reserves hoarding' says that the sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern…
PBOC sees risks if dollar slides
The People's Bank of China said in a report published Thursday 7 December that it is concerned over a possible slide in the US dollar if there is a widespread move to sell off dollar assets.
Central bankers in Islamic FSB
The governor of the State Bank of Pakistan, Shamshad Akhtar, has been appointed deputy chairperson of the Islamic Financial Services Board (IFSB) for 2007.
Building Asia's bond markets
The BIS in Basel has published a collection of papers by scholars, researchers, central bankers and market participants on issues and prospects in Asia's bond markets.
E. Asia-Pacific & Eurozone cb seminar
The Reserve Bank of New Zealand and the European Central Bank jointly organised the 3rd High-Level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area on Tuesday 21 November.
How far apart are two ACUs from each other?
The Bank of Japan Working Paper "How far apart are two ACUs from each other?: Asian Currency Unit and Asian Currency Union" examines the future evolution of the Asian currency arrangements from broader perspectives, including the optimal currency area…
ADB names Rajat Nag as MD general
The Asian Development Bank announced Tuesday 14 November it has appointed Rajat M. Nag as its new Managing Director General.