Central Banking
Bank Al Maghrib - Annual Report 2006
The Bank Al Maghrib, the Moroccan central bank, said "growth reached a rate rarely seen in the past" in 2006.
San Francisco Fed conference on Asian Crisis
The Federal Reserve of San Francisco will hold a conference and seminar series discussing the impact of the 1997 Asian financial crisis.
Bank of England joins the fray with emergency loan
In what represents its first unusual market intervention during the current spell of market volatility, the Bank of England lent £314 million ($622 million) today to an unnamed financial institution through its standing facility.
Swiss chairman criticises US subprime
Jean-Pierre Roth, the chairman of the Swiss National Bank described the US subprime crisis as "unbelievable" and said that reality was "striking back"
Bahamas steps up supervision
The Central Bank of The Bahamas has asked resident commercial banks to submit group organisational charts in order to comply with the Basel core principles for effective banking supervision.
China to pursue private equity, despite losses
Jesse Wang, vice chairman of the People's Bank of China's investment arm Central Huijin, defended the central bank's investment in Blackstone and said he would continue to recommend investment in private equity funds.
Basel II needs risk culture to work - Kenyan chief
Njuguna Ndung'u, the governor of the Central Bank of Kenya, said that east African commercial banks need to adopt sound risk management practices before the region's central banks can implement the Basel II accord.
Australia investigates resilience
The Reserve Bank of Australia has published a series of draft papers presented at its conference on the structure and resilience of the financial system, which took place on 20 and 21 August.
Paper on the new Keynesian Phillips curve
The Richmond Federal Reserve Paper, Inflation dynamics of the new Keynesian Phillips curve, derives the log-linear approximation of the inflation dynamics in the Calvo-model when the average inflation rate is positive.
Measuring exchange rates in poor countries
This International Monetary Fund paper examines the difficulties in determining the real exchange rate in low-income countries.
Bundesbank posts upbeat forecast
The Bundesbank has said that German economy has continued to grow, following a strong first quarter.
RBA's Stevens testifies to lawmakers
The Reserve Bank of Australia's governor, Glenn Stevens, and three senior officials were grilled on the impact of subprime, models used for forecasting and the prospects interest rates in an election year at this House of Representatives hearing.
ECB publishes "Blue Book"
The 2007 edition of the Blue Book, which describes the main payment and securities settlement systems in the EU, comes in two volumes: one on countries in the euro area, the other for non-euro area countries.
Nigeria's strategy for the new naira
Charles Soludo, the governor of the Central bank of Nigeria, sets out plans for the currency redenomination.
Market optimism fades after Fed action
After the rally in US equity market of Friday continued in Asian and European markets after the weekend, Wall Street indexes were firmly back in the red by mid-day on Monday.
Ecuadorian board member seen as president's ally
Ecuador's congress has named Miguel Ruiz, who is seen as an ally of the country's leftist president, to the central bank's board boosting his influence over an institution he has vowed to strip of its independence.
Czech deputy sees "significant" rate rise
The Czech central bank should raise rates "significantly" to keep inflation on target, says Ludek Niedermayer, the Czech central bank's deputy governor.
Bank Indonesia changes loan regulations
Bank Indonesia, the country's central bank, has announced new limits the type and amount of corporate bonds which commercial banks can classify as "loans" in their official loan-to-deposit ratio (LDR) calculations.
Gono denies parallel trading by central bank
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has denied reports that the central bank is tapping unofficial currency markets in search of foreign currency, notably dollar and South African rand.
Poole replaced on Fed policy vote
In a surprise development, William Poole, the president of the St Louis Federal Reserve, did not vote on the Federal Open Market Committee (FOMC) policy announcement on recent market volatility.
Japan injects 1.2 trillion as Nikkei falls 5.4%
The Bank of Japan lent 1.2 trillion ($10.5 billion) to the markets Friday after draining 2 trillion Wednesday. The central bank's injection was made as market concerns over liquidity took the overnight lending rate above the central bank's 0.5% target.
UK regulator revamps enforcement division
The Financial Services Authority (FSA), the UK industry regulator, will offload a third of staff from its enforcement division as part of its shift from a rules to a principles-based regulatory framework.
Independence nothing new - Jamaican governor
Local media reports the governor of the Bank of Jamaica, Derek Lati-beaudiere, played down plans from the Jamaica Labour Party, the country's main opposition party, for an independent central bank.
Virtual bank collapse spurs calls for regulation
The failure of a bank that exists only in cyberspace has raised awareness of the lack of real world supervision to protect online investors.