Europe
Sweden's berg on increased financial integration
In the speech 'Increased financial integration - future challenges' given on 19 April Svante berg of the Sveriges Riksbank said financial integration is increasing rapidly in Europe, and this will lead to better conditions for economic growth, but that…
ECB's Liebscher on exchange rates
European Central Bank governing council member Klaus Liebscher said Monday 16 April that exchange rates should reflect fundamentals.
EU's Almunia says Europe in good times
Joaquin Almunia, the European Commissioner for economic and monetary affairs, said Saturday 14 April, Europe is enjoying a good recovery.
Supervisors must be professionals
According to this article by Jean Lemierre, published by The Banker, whether responsibility for banking supervision in the EU lies with national central banks or with separate agencies, it must be able to stand up to pressure.
EU agrees cross-border payment plan
EU finance ministers on Tuesday 27 March agreed a plan to make cross-border payments more efficient throughout the 27-nation bloc and set new rules to limit political interference in banking takeovers.
International finance and income convergence
The IMF Working Paper "International finance and income convergence: Europe is different" says recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor…
Macedonia's Goshev on the EFSE
In the speech 'Promotion of the European Fund for Southeast Europe - EFSE in the Republic of Macedonia' given on 1 March Petar Goshev of the National Bank of the Republic of Macedonia said the scope for the EFSE's policies directed towards micro and…
Report says watchdog to probe ECB settlement plan
The European Central Bank's plans to establish an integrated securities settlement system in the euro zone will be examined by the region's competition watchdog, according to a report by the FT Thursday 1 February.
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…
Financial statistics for a global economy
The European Central Bank published Proceedings of the 3rd ECB conference on statistics, held 4 and 5 May 2006, on 15 February. The series of ECB conferences on statistics has become an important forum for multidisciplinary, forward-looking exchanges of…
EU's Almunia says 'no problem' for exchange rates
Current exchange rates, mainly the value of the euro against the yen, pose no threat to the economy, the EU's Commissioner for Economic and Monetary Affairs Joaquin Almunia said in a magazine interview Tuesday 13 February.
The use of mortgage covered bonds
According to this IMF Working Paper, the rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability concerns.
Europe's uneven growth challenge
According to this article on the Project Syndicate website, growth has become less evenly balanced throughout the eurozone with the resurgence in German growth.
IMF's Rato on meeting global economic challenges
In the speech 'Meeting global economic challenges: How Europe can support a multilateral approach' given on 17 January Rodrigo de Rato of the IMF said financial globalization has made possible the financing of global economic imbalances on a scale…
Belgium's Quaden on structural reforms in Europe
In the speech 'Structural reforms in Europe - harmonisation or decentralisation?' given on 12 January Guy Quaden of the National Bank of Belgium said structural reform applies to existing situations which differ radically from one country to another,…
Ministers concerned over settlement plan - report
European finance ministers have raised doubts about the European Central Bank's plan to provide its own settlement system for eurozone securities transactions, the Financial Times reported Monday 22 January.
EPCA conference scheduled for May
The 6th International European Payments Consulting Association (EPCA) Conference will be held in Frankfurt on 15 and 16 May 2007. This year's theme is 'Reshaping the European payment landscape: the realistic scenarios'.
IMF paper on financial stability
The IMF Working Paper "Economic integration and financial stability: A European perspective" assesses changes in synchronization of real activity and financial market integration in Western Europe and evaluates their implications for financial stability.
ECB chief defends central bank independence
Speaking at the press conference following a meeting of the ECB's governing council, ECB president Jean-Claude Trichet said that it was up to all European Union states to ensure independence of their central banks.
Trichet expects similar global growth this year
Global economic growth this year may well be close to that of 2006, European Central Bank President Jean-Claude Trichet said Monday 8 January in Switzerland.
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.
BoE's Blanchflower on the impact of migration
In the speech 'The impact of the recent migration from Eastern Europe on the UK economy' given on 4 January David Blanchflower of the Bank of England said the recent inflow of migrants from Eastern Europe seems to have reduced the UK's natural rate of…
Paper on central bank interventions
The December 2006 Working Paper "Central bank interventions, communication and interest rate policy in emerging European economies" analyses the effectiveness of foreign exchange interventions in Croatia, the Czech Republic, Hungary, Romania, Slovakia…
Third Eurosystem & L American CB meeting
The monetary and financial challenges for central banks associated with the ongoing process of globalisation were the main focus of the discussions held in the Third High-Level Seminar of the Eurosystem and Latin American Central Banks in Madrid Monday 4…