Central Banking
Fukui on the outlook for Japan's economy
In the speech 'The outlook for Japan's economy and the conduct of monetary policy' given on 10 May Toshihiko Fukui of the Bank of Japan said the Bank will continue to explain carefully to the public its assessment of economic activity and prices and its…
Fed's Kroszner on the future of payments
In the speech 'The future of payments: Challenges and opportunities' given on 10 May Randall Kroszner of the Federal Reserve said the rapid switch by consumers and businesses to electronic banking poses a new tradeoff between security and convenience.
Richmond Fed's Economic Quarterly, Winter 2007
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Winter 2007. The latest issue includes the article "Implications of some alternatives to Capital Income Taxation" which considers the long-run implications of a switch from…
Sweden's Rosenberg: Monetary policy communication
In the speech 'Changes in monetary policy communication' given on 11 May Irma Rosenberg of the Sveriges Riksbank described some changes in the communication of monetary policy, which were decided at the Executive Board meeting held on 10 May.
Canada's Dodge on a sound pension system
In the speech 'A sound pension system - Handling risk appropriately' given on 10 May David Dodge of the Bank of Canada said widespread reforms are needed to deal with Canada's private pension fund crisis, including the elimination of tax penalties and…
Code words not for King, but BoE can improve
According to this article published Thursday 10 May by Reuters, the gloss is starting to come off the Bank of England's reputation for managing interest rate expectations and keeping inflation under control.
Riksbank appoints new head of Market Operations
The Executive Board of Sweden's Riksbank decided at its meeting Thursday 10 May to appoint Sophie Degenne as the new head of the Market Operations Department.
Riksbank names new Chief Press Officer
Britta von Schoultz has been appointed the new Chief Press Officer at the Sveriges Riksbank. She will take up her appointment on 4 June 2007.
Greenspan lays odds of 2-1 against US recession
Following comments earlier in the year that gave financial markets a wobble, former Federal Reserve chairman Alan Greenspan said Friday 11 May the odds are two to one that the US will avoid a recession this year.
NBH minutes show one member wanted rate cut
A single rate-setter on Hungary's 13-member Monetary Council voted in favour of a 25-basis-point rate cut at the MPC's 23 April policy meeting, the minutes published Friday 11 may showed. Changes to the Central bank Act will see a reduction in the number…
Report names likely Fed appointees
US president Bush administration is considering Larry A. Klane as a board member at the Federal Reserve, two people familiar with the matter were quoted as saying by MarketWatch.
Norges Bank Economic Bulletin, April 2007
The latest edition of Norges Bank's Economic Bulletin for April 2007 includes the article 'Interest rate projections in theory and practice'.
IMF's Caruana on identifying risks & opportunities
In the speech 'Identifying risks and opportunities: A global view' given on 7 May Jaime Caruana of the IMF said debt financing is cheap by historical standards for even the riskiest of corporates.
Speeches from the CeMCoA symposium
The Bank of Japan has published speeches made by guest speakers at the international symposium "Ten years after the Asian currency crisis: Future challenges for Asian economies and financial markets" hosted by the Center for Monetary Cooperation in Asia …
IMF Paper: Global imbalances & financial stability
This IMF Working Paper discusses two opposing views on global imbalances: The "traditional view", which regards the imbalances as a threat to global economic and financial stability, and the "new paradigm" view.
Bergo on stabilization & commodity wealth funds
In the speech 'Best practice in structuring stabilization and commodity wealth funds' given on 8 May Jarle Bergo of Norges Bank said the Government Pension Fund and our fiscal guideline have helped us to avoid the common pitfalls in resource rich…
FOMC can stick again unless data changes
Without changes in economic data, the Federal Open Market Committee can leave US interest rates alone next month too, and may as well issue the same statement too, says John Berry of Bloomberg in this article published Thursday 10 May.
Trichet signals June rate rise with 'vigilance'
European Central Bank president Jean-Claude Trichet told the ECB's press conference Thursday 10 May that ``strong vigilance'' is required to contain inflation. A hint that interest rates will rise at the next meeting.
BoJ's Fukui says low rates for too long will hurt
Bank of Japan governor Toshihiko Fukui told a seminar in Tokyo Thursday 10 May that interest rates need to rise gradually despite Japanese prices responding slowly to strong global demand.
Fed hold rates but concerned on inflation
The Federal Reserve left US interest rates unchanged Wednesday 9 May and acknowledged that the economy is slowing.
Interview with Paul de Grauwe
In an interview with EurActiv, published Thursday 10 May, Paul de Grauwe warns that "ill-founded" and "dangerous" criticism of the European Central Bank by newly elected French president Nicolas Sarkozy could threaten monetary union.
PBOC says credit growth still too high
The People's Bank of China said in its first quarter monetary policy report, published Thursday 10 May, that credit growth remains too high and it needs to maintain a reasonable level of expansion.
Chatham House City Series
Impact of extraterritorial regulation on the cross-border financial markets, Bloomberg Studios, London, 15th June 2007.
Canada's Dodge on exchange rate regimes
In the speech 'The importance of appropriate exchange rate regimes' given on 4 May David Dodge of the Bank of Canada said the Canadian dollar's rise in recent years has helped Canada maintain stable growth and inflation as commodity prices rose sharply.