Central Banking
Tetangco on the BSP and the banking community
In the speech 'The BSP and the banking community: A partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of Philippines said in the banking sector, we expect further expansion of bank resources, improvement in…
Kadir on Malaysia's life insurance industry
In the speech 'Malaysia's life insurance industry' given on 30 January Mohd Razif bin Abd Kadir of the Central Bank of Malaysia said the insurance industry is expected to continue its positive growth momentum in the near term.
Italy's Draghi on growth and stability
In the speech 'Growth and stability of the economy and financial markets' given on 3 February Mario Draghi of the Bank of Italy said greater international co-operation is needed to strengthen financial markets and prepare for instability.
PBOC tells lenders to monitor loans closely
The Shanghai branch of the People's Bank of China has told local lenders to tighten examination of loans to prevent illegal inflows of funds into the stock market, the official Xinhua News Agency reported Tuesday 6 February.
China factors will be key in 2007 gold market
According to this article from Interfax-China, published Friday 2 February, Chinese factors are likely to have an increasing influence on the gold price this year with the possibility that the People's Bank of China will increase gold reserves.
Russia and Azerbaijan agree on banking supervision
The Bank of Russia and the National Bank of Azerbaijan have signed an agreement on cooperation in banking supervision, RBC reported Tuesday 6 February.
BNM's Zeti pleased with 'orderly' ringgit
Bank Negara Malaysia is comfortable with the "orderly" performance of the ringgit, BNM governor Tan Sri Zeti Akhtar Aziz told reporters Tuesday 6 February.
Ito says BoJ must explain policy better
A member of the Japanese government's top economic council said on Monday 5 February in an interview with Reuters the Bank of Japan should promote accountability and transparency in its monetary policy as it has not been doing a good job in communicating…
Bahrain's Crown Prince has doubts on GCC deadline
In an interview published Monday 5 February, Crown Prince Shaikh Salman bin Hamad Al Khalifa of Bahrain cast doubt on a 2010 deadline for monetary union in the region and said his country and the five other GCC states still had some issues to resolve on…
Czech fin min to submit euro adoption plan soon
Czech finance minister Miroslav Kalousek will submit a national euro adoption plan to the cabinet in March, he told the daily Lidove noviny LN on Saturday 3 February.
Sweden's Rosenberg on current monetary policy
In the speech 'Current monetary policy' given on 5 February Irma Rosenberg of the Sveriges Riksbank said that since both the demand and supply sides of the Swedish economy are growing, the central bank sees inflation being held back in the future.
ECB paper on emerging market shocks
The ECB Working Paper "The transmission of emerging market shocks to global equity markets" analyses whether, and to what extent, emerging market economies (EMEs) have systemic importance for global financial markets, above and beyond their influence…
Monetary and exchange rate policy in Malaysia
The Working Paper "Monetary and exchange rate policy in Malaysia before the Asian crisis" from the Institute of Developing Economies provides a case study to characterize the monetary policy regime in Malaysia, from a medium- and long-term perspective.
When is a central bank governor fired?
The Working Paper "When is a central bank governor fired? Evidence based on a new data set" from the University of Groningen uses a new data set on the term in office of central bank governors in 137 countries covering the period 1970-2004 to estimate a…
IMF paper on workers' remittances in Sri Lanka
In the IMF Working Paper "Are workers' remittances a hedge against macroeconomic shocks? The case of Sri Lanka" the authors estimate a vector error correction (VEC) model for Sri Lanka to determine the response of remittance receipts to macroeconomic…
PBOC's Gang says China to step up liquidity fight
A senior official at the People's Bank of China said on Sunday 4 February that China had mopped up much of the excess liquidity derived from massive trade and investment flows but must stay alert to keep money supply and credit in check.
Zeti says ringgit strength reflecting economy
The strength of the ringgit reflects the underlying fundamentals and the economic conditions at the moment, Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz said Monday 5 February.
Samoobrona candidate may join NBP board
According to Sunday 4 February's issue of Newsweek Polska, Andrzej Lepper, head of Self-Defence (Samoobrona), is looking forward to placing his candidate on the management board of the National Bank of Poland.
NBP's Skrzypek sees 2012-2013 euro adoption
In an interview published in Sunday 4 February's issue of Wprost, National Bank of Poland head Slawomir Skrzypek announced that it will be at least five years before Poland adopts the euro.
Pridiyathorn says BoT prevented crisis
M.R. Pridiyathorn Devakula, Thailand's finance minister, and former governor of the Bank of Thailand, has said expectations of dollar weakness have led to the heavy fund flows into other currencies, including the baht.
Bank of Italy shuffles management
Mario Draghi, the governor of the Bank of Italy, has begun reshuffling his management team ahead of a meeting with unions this week, La Stampa reported Friday 3 February.
The RBI's Jekyll and Hyde act
This article from The Economic Times, published Monday 5 February, asks why the Reserve Bank of India's latest monetary policy review reads like a thriller but pulls up short at the last minute.
Chicago Fed's Economic Perspectives, First Q 2007
In 'Bubble, bubble, toil, and trouble' Cabray Haines and Richard Rosen note that the rapid rise of real estate prices in recent years has led to fears of a housing price bubble. But to determine whether there has been a bubble-and whether the bubble is…
Monetary policy inertia and recent Fed actions
The Federal Reserve Bank of San Francisco's Economic Letter for 03-2007 describes and assesses two interpretations of recent monetary policy actions by the Federal Reserve.