Central Banking
Wellink on risk management & financial stability
In the speech 'Risk management & financial stability - Basel II & beyond' given on 27 February Nout Wellink of the Netherlands Bank said there is a great deal of uncertainty around the nature of risks in the markets, the adequacy of risk premia and what…
Jelasi on creating a stable economic environment
In the speech 'The National Bank of Serbia - creating a stable economic environment' given on 16 February Radovan Jelasi of the National Bank of Serbia said last year was a key year for Serbia, as it was finally recognized that monetary policy represents…
National Bank of Cambodia - Annual Report 2005
According to the National Bank of Cambodia's Annual Report 2005, despite the remaining obstacles and difficulties both at home and abroad, Cambodia enjoyed remarkable social and economic achievements and experienced a relatively high economic growth rate.
Why Germany's economy will outshine Japan
According to this article by Stephen Roach, published on Wednesday 28 February by MoneyWeek, the German economy is very much on the mend after failing to fall into a Japanese-like quagmire.
Brazil's fin min says Bevilaqua's exit was routine
The resignation of Brazilian central bank economic policy director Afonso Bevilaqua represented a routine change that won't alter the direction of policy at the institution, Finance Minister Guido Mantega said on Friday 2 March.
RBNZ re-appoints Arthur Grimes to Board
Arthur Grimes has been re-appointed as a non-executive director on the Reserve Bank of New Zealand's Board for a second five-year term, finance minister Michael Cullen announced Monday 5 March.
BIS's Knight on risk in the small and in the large
In the speech 'Now you see it, now you don't: risk in the small and in the large' given on 28 February Malcolm Knight of the BIS said there is no doubt that the financial system is now more resilient than it was in the past.
Fed's Bernanke on globalization & monetary policy
In the speech 'Globalization and monetary policy' given on 2 March Ben Bernanke of the Federal Reserve said global factors may on balance have boosted U.S. inflation, but globalization has not affected the ability of the Federal Reserve to influence U.S…
Oman could still join currency union says Suwaidi
There is a strong possibility that Oman could join a regional currency union if a simpler version than the one currently on the table were adopted, the governor of the UAE central bank, Sultan bin Naser Al Suwaidi, said on Saturday 3 March.
Iran plans banknote with atomic symbol - reports
Iran, which is currently embroiled in a row with the West over its nuclear ambitions, will issue a new banknote this month carrying an atomic symbol, newspapers reported on Sunday 4 March.
PBOC's Wu says FX reserves to be used vigorously
A new state investment company in charge of investing China's vast foreign exchange reserves will be established, said Wu Xiaoling, vice governor of the People's Bank of China on Monday 5 March.
Zhou says China's yuan band may be widened
Yuan flexibility is "desirable" and China can consider "gradually" widening the yuan's trading band, central bank governor Zhou Xiaochuan said Monday 5 March.
Poole on energy prices and the U.S. business cycle
In the speech 'Energy prices and the U.S. business cycle' given on 2 March William Poole of the Federal Reserve Bank of St. Louis said oil supply shocks need not cause recessions and were no excuse for a central bank to allow inflation to escape its…
Royal Monetary Authority of Bhutan - Ann Rep 05-06
According to the Royal Monetary Authority of Bhutan's Annual Report 2005-2006, the growth of the Bhutanese economy slowed marginally during 2005 mainly due to decline in construction activities.
International Journal of Central Banking, March 07
The March 2007 issue of the International Journal of Central Banking was published on Thursday 1 March. The latest issue includes the article "The mystique of central bank speak" by Petra M. Geraats of the University of Cambridge.
BSP's Tetangco on the Philippine economy
In the speech 'A tipping point and a rising tide is lifting up the Philippine economy' given on 20 February Amando M Tetangco of the Central Bank of the Philippines said economic and fiscal achievements in 2006 have created a positive momentum for the…
ECB paper on globalisation and euro area trade
As a major player in world trade, the euro area is strongly influenced by globalisation, but is far from being a passive spectator, according to the ECB Occasional Paper "Globalisation and euro area trade - Interactions and challenges" published March…
IMF's Rato on Middle Income Countries
In a speech given on 2 March Rodrigo de Rato of the IMF said he believes that reform of the Fund's governance is essential to the Fund's continued credibility and effectiveness.
Public finances 'an obstacle' to Czech euro bid
The current state of the Czech Republic's finances is an obstacle to the country switching to the euro, a top official at the Czech central bank (CNB) said in an interview published Friday 2 March.
Brazil's central bank econ director resigns
Brazilian central bank economic policy director Afonso Bevilaqua resigned Thursday 1 March citing "personal reasons" and an interest in "pursuing new projects," the central bank said in a statement.
New IMF chief economist nominated
International Monetary Fund chief Rodrigo de Rato said Wednesday 28 February he would recommend Simon Johnson, a professor at the Massachusetts Institute of Technology, as the IMF's new chief economist.
Romania not rushing on euro entry - report
Romania will resist European Central Bank advice to bring forward its target date for adopting the euro, opting instead for a more cautious path towards the single currency, the Financial Times reported Friday 2 March, citing central bank governor Mugur…
Hungarian cb switch to end clashes with government
According to an article published on Friday 2 March by Jurnalo, when Zsigmond Jarai leaves the National Bank of Hungary for the last time today (Friday) the government may well breathe a sigh of relief.
No recession coming says St Louis Fed chief
St. Louis Fed president William Poole on Friday 2 March rejected fears that the U.S. economy was heading into a recession, saying that while there "could be a recession," one isn't likely, echoing comments this week by former Fed chairman Alan Greenspan.