Central Banking
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.
Report says new governor in Cyprus
The Financial Mirror in Cyprus reported that Athanasios Orphanides was appointed the new governor of the Central Bank of Cyprus on Friday 13 April.
US's Paulson sees progress on trade imbalances
U.S. Treasury Secretary Henry Paulson said in a statement the Group of Seven (G7) nations have made progress but "more needs to be done" on trade imbalances.
Noyer says hedge funds may raise abuse risk
European Central Bank Governing Council member Christian Noyer said in a report released on Monday 16 April that hedge funds add to market efficiency but can increase the risk of market abuse.
Fundanga on local bond market developments
In the speech 'Local bond market developments in Zambia' given on 4 April Caleb Fundanga of the Bank of Zambia said what we as Bank of Zambia can do is to understand the dynamics of the debt market, how it is evolving, and whether it is sufficiently…
France's Redouin on risks
In the speech 'Risks may be transferred, but they do not disappear!' given on 29 March Jean-Paul Redouin of the Bank of France said we should not forget that the current financial system is multidimensional and closely interlinked.
IMF's Lipsky on outlook for L America & Caribbean
In the speech 'Improving the Outlook for Latin America and the Caribbean' given on 13 April John Lipsky of the IMF said the outlook for Latin America and the Caribbean region has been favorable but with some work it could be better still.
IMF's Deppler on the economic outlook
In a speech given on 14 April Michael Deppler of the IMF said these are good times, which are deserved because policies have been relatively good.
India's infrastructure could benefit from reserves
According to this article from Rediff News, published Monday 16 April, India is looking at the idea of using foreign exchange reserves for infrastructure investment.
Canada's Kennedy on uncertainty in monetary policy
In the speech 'Dealing with uncertainty in the conduct of monetary policy' given on 12 April Sheryl Kennedy of the Bank of Canada said that the data, models and indicators the central bank uses to set monetary policy provide only "approximate information…
Modelling payments systems: Literature review
In this Bank of Canada Working Paper the authors organize the literature on payments systems according to three general classes of modelling approaches, and compare those approaches in terms of their strengths and weaknesses.
Chicago Fed's Moskow on US economic outlook
In the speech 'U.S. economic outlook' given on 11 April Michael Moskow of the Federal Reserve Bank of Chicago said the risk of inflation staying stubbornly high is still greater than the possibility of economic growth falling too low.
Risk measurement and systemic risk
The European Central Bank on 11 April published proceedings from the Fourth Joint Central Bank Research Conference on Risk Measurement and Systemic Risk which took place at the ECB in Frankfurt on 8 and 9 November 2005.
Sveriges Riksbank Economic Review, No 1 2007
The Sveriges Riksbank published its Economic Review No 1 2007 on Wednesday 4 April. The latest edition includes the article "The role of academics in monetary policy: a study of Swedish inflation targeting".
RBZ's Gono urges privatisation quickly
Zimbabwe could easily realize at least 3 billion U.S. dollars from the privatization of some parastatals, enough to meet its annual import requirements, according to The Herald on Friday 13 April.
BOJ's Fukui signals confidence in US economy
Bank of Japan governor Toshihiko Fukui on Thursday 12 April repeated his optimism over the U.S. economy, saying it has a "high probability" of achieving a healthy slowdown despite signs of moderating business investment and high inflation rates.
Wolfowitz facing calls to quit World Bank
Paul Wolfowitz's position as head of the World Bank looked increasingly under threat Friday 13 April after he was forced to retreat from a meeting after being booed by his employees and the bank's governing board met overnight to decide his fate.
BMA appoints new CEO
The Bermuda Monetary Authority announced Thursday 12 April that Matthew Elderfield has been appointed as the central bank's next Chief Executive Officer.
New York court lifts PMA freeze
A New York court has lifted a freeze on the US operations of the Palestine Monetary Authority, which acts as the Palestinian central bank, that was imposed in connection with the killing of two Americans in a Hamas shooting attack.
Fed says what it means -- No interest rate cut
According to this article published Friday 13 April by John Berry of Bloomberg, the Federal Reserve has shown over the last three weeks that communicating the finer points of monetary policy decisions isn't easy.
ECB says rates are boosting growth
European Central Bank president Jean-Claude Trichet told a press conference Thursday 12 April the ECB's interest rates are still boosting economic growth after seven increases since late 2005, leaving open the possibility of a further move.
Fed minutes show core inflation as policy risk
Federal Reserve officials on the Federal Open Market Committee continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, according to minutes released Wednesday 11 April.
Bernanke on financial regulation & invisible hand
In the speech 'Financial regulation and the invisible hand' given on 11 April Ben Bernanke of the Federal Reserve said the current market-based system is the best way to regulate the trillion-dollar hedge fund industry although improvements can be made.
BoE paper on migration and UK economy
Migration into the UK from EU accession countries continues to suppress inflationary and wage pressures, a working paper from the Bank of England's Monetary Policy Committee published Wednesday 11 April found.