Central Banking
We can overcome international snub - Iran deputy
Mohammad-Jaafar Mojarrad, the deputy governor of the Central Bank of the Islamic Republic of Iran, said it is handling the impact of the US's plea to Europe's banks to stop trading dollars with the country.
Svensson defends publication of rate path
Lars Svensson, the deputy governor of Sweden's Riksbank, said the central bank had decided to publish an interest rate path because it was impossible to forecast inflation and resource allocation without having an assumption for the interest rate path.
Sri Lankan deputy on John Exter's legacy
W. A. Wijewardena, the deputy governor of the central bank of Sri Lanka, spoke on Monday about the how the ideas of the central bank's founder, John Exter, remained relevant today.
The impact of contagion on interbank markets
The Bank for International Settlements has published a paper on using counterfactual simulations to assess the danger of contagion in interbank markets.
Bank of Zambia - Annual Report 2005
The Zambian economy recorded 5% growth in 2005, with manufacturing and tourism making the most appreciable contributions, in-spite of adverse developments in the oil industry that threatened economic activity.
US Senator hints at cut after high level meeting
Christopher Dodd, a US senator, said Ben Bernanke, the chairman of the Federal Reserve, would use "all the available tools" to ensure markets remained liquid.
Russia wants Czech governor Tosovsky to head IMF
Russia has nominated Josef Tosovsky, the former head of the Czech National Bank and the current chair of the Bank for International Settlements' Financial Stability Institute, to take over from Rodrigo Rato at the International Monetary Fund (IMF).
Central bank gold sales to approach limit
Members of the central bank gold agreement (essentially the eurozone plus Sweden and Switzerland) have sold 396 tonnes in the first 10 months of the "gold year", as much as the total for the whole of last year.
Polish MPC member says rate hike can wait
Stanislaw Owsiak, a member of the National Bank of Poland's monetary policy council (MPC), said July data indicated an August interest rate rise may not be necessary.
China makes two rate hikes to cool inflation
The People's Bank of China increased its benchmark rate by 18 basis points to 7.02% and its deposit rate by 27 basis points to 3.6% in an effort to stabilise inflationary pressures.
Action only if "real" impact - Fed's Lacker
Jeff Lacker, the president of the Richmond Federal Reserve, said on Tuesday that the Fed's reaction to the current bout of market volatility should depend on the effect it has on "real activity."
Norway pension fund reports results
The Bank of Norway said that the return on Norway's government pension fund was 2.2% in the second quarter.
HKMA applauds move to free up mainland markets
Joseph Yam, the chief executive of the Hong Kong Monetary Authority (HKMA), has said he welcomes a pilot scheme that will allow investors from mainland China to invest directly in Hong Kong securities.
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.