Central Banking
HK market structure has little impact on profit
Cost efficiency is significantly more important than market structure in determining the profitability of banks in Hong Kong, according to research published by the Hong Kong Monetary Authority (HKMA).
Banks struggle with SEPA set-up
More than half of banks will not be able to comply with the Single Euro Payments Area (SEPA) initiative, which comes into effect in January.
Strauss-Kahn appeases emerging states with votes
Dominique Strauss-Kahn, who will become the tenth managing director of the International Monetary Fund (IMF) in November, plans to give developing countries more power at the Fund.
Czech CB appoints financial stability deputy
Jan Frait has joined the Czech National Bank as deputy executive director of the financial stability and economic research department at the central bank.
Serbia holds rates
The National Bank of Serbia decided on Monday to keep its key policy rate at 9.75%.
Albania's Fullani on maintaining stability
Ardian Fullani, the governor of the Bank of Albania, looked to reassure the country's economists and policymakers that the financial system would remain stable.
Reserve Bank of New Zealand - 06/07 Annual Report
Alan Bollard, the governor of the Reserve Bank of New Zealand, said that, aside from price stability, the central bank had focused on foreign exchange, banking, financial systems, payment systems and currency.
Interest rates and the economy: the best models
Analysis conducted by the Bank of Canada of six models looking at the relationship between the term structure of interest rates and the macroeconomy, found those following Diebold and Li's work performed the best.
Slovenia's capital failure
The poor performance of Slovenia's capital markets illustrates the difficulties in developing capital markets in small emerging economies, according to a paper published by the International Monetary Fund.
SWIFT responds to privacy fears with new EU base
SWIFT will open a Europe-based global processing centre for payments as part of a response to allay concerns over data privacy raised after the United States asked for data on financial transactions by Europeans following the 9/11 attacks.
Contrasting views on Old Lady's role in crisis
Charles Goodhart and William Buiter, both former monetary policy committee members at the Bank of England and both now professors at the London School of Economics (LSE), had sharply differing opinions on how the Bank should have handled the recent…
Strauss-Kahn set to become IMF managing director
In keeping with tradition, the International Monetary Fund (IMF) has recruited another EU-backed appointee - Dominique Strauss-Kahn, the former French finance minister - to succeed Rodrigo de Rato as head.
Crisis reveals need for better EU oversight - IMF
A lack of regulatory integration is, in part, responsible for the severe impact of the US subprime crisis on financial markets in the eurozone, according to Michael Deppler, head of the International Monetary Fund's (IMF) European department.
Eurozone growth looks to have fallen
Turmoil in the financial markets appears to be having a longer impact on growth in the euro area than previously thought.
RBA deputy examines causes of credit expansion
An increase in household borrowing has led to the latest boom in lending lasting longer than previous periods of credit expansion, according to Ric Battelino, the deputy governor of the Reserve Bank of Australia.
We're not out of this yet - Greenspan
Despite a "creep back to normality" in the asset-backed commercial paper and inter-bank markets, Alan Greenspan, the former governor of the Federal Reserve, cautioned that the recent turmoil could have further repercussions.
Central Bank of Montenegro - Annual Report 2005
Montenegro became a good example of a dynamic transitional economy, according to Ljubisa Krgovic, the president of the Central Bank of Montenegro.
SA's Mboweni on the importance of communication
The need for good communication to support an effective monetary policy regime has again been underlined by Tito Mboweni, the governor of the South African Reserve Bank.
A beginner's guide to the Phillips Curve
The Richmond branch of the Federal Reserve has published an introduction to the Phillips curve, a graph which underpins the relationship between unemployment and inflation.
Regulators to cooperate on rules to combat crisis
Financial regulators from the world's leading economies are set to draft recommendations to avert global instability in response to the recent market turmoil.
World Bank pledges $3.5 billion, cuts rates
The World Bank said it will give $3.5 billion to the world's poorest economies and will lower borrowing costs for poor and middle-income countries.
OECD advises UK to cut rates
The UK should lower interest rates, the Organisation of Economic Cooperation and Development (OECD) has said.
Spain's Solbes supports Trichet on Sarkozy debate
Pedro Solbes, the Spanish finance minister, indicated that he would side with Jean-Claude Trichet, the president of the European Central Bank (ECB), over his recent exchange with Nicolas Sarkozy, the French president.
Central Bank of Turkey - Annual Report 2006
The Central Bank of Turkey celebrated its 75th anniversary in 2006.