Central Banking
ECB's Noyer warns on 'benign conditions'
European Central Bank governing council member Christian Noyer said in a speech Wednesday 16 May that benign conditions in financial markets can be reversed.
Fed's Kroszner on international capital flows
In the speech 'International capital flows and the emerging market economies' given on 15 May Randall Kroszner of the Federal Reserve said developing nations are hurt over time by capital outflows to industrialized economies and should improve their…
BNB's Quaden says ECB will keep acting on prices
Belgian National Bank governor Guy Quaden said in an interview published Wednesday 16 May that the ECB will continue to act to lower inflationary expectations.
Hedge fund progress pleases Germany's Steinbrueck
German finance minister Peer Steinbrueck said in comments published Wednesday 16 May that he plans to lay out the basis of a voluntary self-regulation agreement with hedge funds operating in Europe within the next months.
Zeti says Islamic finance issue needs focus
There is a need for greater focus to arrive at a common vision on the future of the Islamic financial services industry, Bank Negara Malaysia's governor Tan Sri Dr Zeti Akhtar Aziz said in a speech Tuesday 15 May.
Sweden walks the central bank talk
This article published by The Australian on Wednesday 16 May reports new research from JPMorgan on winners and losers in the central bank communication debate.
Wolfowitz to leave World Bank - reports
Unconfirmed late reports Wednesday 16 May said Paul Wolfowitz would leave the World Bank as president in a face-saving deal.
IMF's Lipsky on debt defaults
In the speech 'Learning from experience: Debt defaults and lessons from a decade of crises' given on 10 May John Lipsky of the IMF said in the current relatively benign global environment, not many emerging market countries have needed to borrow from the…
Kansas Fed papers: Nonbanks in payments system
The Federal Reserve Bank of Kansas City has published preliminary papers from the "Nonbanks in the Payments System: Innovation, Competition, and Risk," conference held May 2-4 in Santa Fe, N.M.
BIS Paper on globalisation and inflation
The BIS Working Paper "Globalisation and inflation: New cross-country evidence on the global determinants of domestic inflation" published 11 May argues that prevailing models of inflation are too "country-centric", in that they fail to take sufficient…
Al Maraj on key developments in Bahrain
In the speech 'Key developments in Bahrain and the region' given on 8 May Rasheed Mohammed Al Maraj of the Central Bank of Bahrain said collectively, the GCC countries now represent a population of some 35 million and the world's 13th largest economy.
Dallas Fed's Fisher on services in the US economy
In the speech 'The dog that does not bark but packs a big bite: Services in the U.S. economy' given on 14 May Richard Fisher of the Federal Reserve Bank of Dallas said central bankers no longer have the privilege of being able to "mumble on occasion,"…
Bernanke on regulation and financial innovation
In the speech 'Regulation and financial innovation' given on 15 May Ben Bernanke of the Federal Reserve said gave his view on the hedge fund debate saying central banks and financial regulators should resist the temptation to devise ad hoc rules for each…
Four letter word may spell end for Wolfowitz
According to this article published Tuesday 15 May by The Guardian, Paul Wolfowitz swore at and threatened senior World Bank staff with retaliation if details of his pay rises for his partner were revealed.
If Wolfowitz goes, must his successor be American?
If Paul Wolfowitz leaves the World Bank the selection process for his replacement is likely to be as primitive as ever, according to this article from the Washington Post, published Sunday 13 May.
Bahrain and Egypt sign MoU
The central banks of Bahrain and Egypt signed a Memorandum of Understanding (MoU) on Monday 14 May, according to Gulf Daily News.
NRB chief stopped from boarding plane
Nepal Rastra Bank (NRB) governor Bijaya Nath Bhattarai, who is accused of misusing funds to suppress the pro-democracy movement last year, was barred from boarding a flight to Bangladesh on Monday 14 May, DailyIndia reported.
U.S. backs Wolfowitz at World Bank
The United States supported World Bank president Paul Wolfowitz to keep his job on Tuesday 15 May, saying that although he had made mistakes he should not be fired.
Bush to nominate Fed board members - reports
US president George W Bush will nominate Larry Klane and Elizabeth Duke to serve as Federal Reserve Board governors, according to Bloomberg which quoted two people familiar with the situation.
Sri Lanka's new governor takes on inflation
Nick Carver spoke with the Ajith Nivard Cabral, governor of the Central Bank of Sri Lanka
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2007, published 3 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
HKMA Quarterly Bulletin, March 2007
The Hong Kong Monetary Authority has published the March 2007 issue of its Quarterly Bulletin. The Bulletin includes the article "Assessment of the euro payment system in Hong Kong". The article assesses Euro CHATS, one of the major clearing and…
Norway's Gjedrem on the conduct of monetary policy
In the speech 'The conduct of monetary policy' given on 10 May Svein Gjedrem of Norges Bank said the fall in prices for imported goods and services and the increase in export prices have provided the Norwegian economy with an appreciable income boost.
It's all down to Bollard to beat NZ's bubble now
According to this article published by The National Business Review on Friday 11 May, politicians have failed to do anything to rein in New Zealand's property boom, leaving it all up to Reserve Bank governor Alan Bollard.