Central Banking
Where did market volatility go?
In this editorial, published Thursday 5 October by The Korea Herald, former IMF chief economist Kenneth Rogoff says an uneerie calm has engulfed virtually every major asset class, from stocks to bonds.
ECB raises rates, signals more to come
European Central Bank President Jean-Claude Trichet signalled the bank plans to raise its key interest rate again in December after raising eurozone rates on Thursday 5 October.
Central Bank of China (Taiwan) - Annual Report 05
According to the Central Bank of China's Annual Report 2005, Taiwan's economy slowed down in the first half of 2005 and regained momentum in the second half of the year.
Reserve Bank of New Zealand - Annual Report 2006
According to the Reserve Bank of New Zealand's Annual Report 2006, the last year had been particularly challenging, with monetary policy having to contend with more persistent oil price increases and stronger economic activity than anticipated.
ECB not hamstrung by consensus decisions
According to this article published on Tuesday 3 October by Reuters, new information that the European Central Bank's Governing Council holds informal votes suggests it is not as clumsy and slow as some believed.
Krueger on financial markets and economic growth
In the speech 'Financial markets and economic growth' given on 28 September Anne Krueger of the IMF said failure to develop the financial sector can put an enormous brake on growth prospects.
Ireland's Hurley on central bank cooperation
In the speech 'Central bank cooperation - Ireland and Croatia' given on 29 September John Hurley of the Central Bank and Financial Services Authority of Ireland said there is a rather special link between Croatia and the Irish central bank.
RBI's Reddy on globalisation, money and finance
In the speech 'Globalisation, money and finance - uncertainties and dilemmas' given on 28 September YV Reddy of the Reserve Bank of India said international financial markets are currently dominated by private equity funds like hedge funds, which are…
Dallas Fed says monetary policy is losing effect
According to a new paper in the Federal Reserve Bank of Dallas' Economic Letter series, monetary policy is losing its bite.
PBOC says macro-controls producing desired effect
The People's Bank of China said in a statement posted on its website Wednesday 4 October that its macro-controls to slow the country's overheated economy have started to produce the intended effect.
Post-coup Thai cabinet announcement expected
Thailand's interim, post-coup cabinet is likely to be announced tomorrow or Friday, Bank of Thailand chief Pridiyathorn Devakula said on Wednesday 4 October.
ECB says final decision on T2S in 2007
The European Central Bank will make a final decision on whether to proceed with its proposed Target 2 Securities settlement system in the first half of 2007, executive board member Gertrude Tumpell-Gugerell said Wednesday 4 October.
Swift defends role in data exchange
Swift, the Belgian company accused of transferring data on financial transactions to the US authorities, has refuted claims that it acted illegally.
Israeli economy resilient despite Lebanon war
According to this article published Thursday 28 September by Reuters, the damage to Israel's economy appears to be less than initially feared.
Canada paper: macroeconomic effects of inflation
In the Bank of Canada Working Paper "The macroeconomic effects of non-zero trend inflation" the authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.
Sweden's Ingves on sound government finances
In the speech 'Sound government finances and low inflation - the road to success!' given on 27 September Stefan Ingves of the Sveriges Riksbank said that despite the different exchange rate policy paths, economic developments have not in practice…
Monetary and prudential policies at a crossroads?
The BIS Working Paper "Monetary and prudential policies at a crossroads? New challenges in the new century" argues that financial liberalisation has resulted in subtle but profound changes in the dynamics of the economy and in the challenges faced by…
ECB paper on international portfolio flows
The European Central Bank Working Paper "The geography of international portfolio flows, international CAPM and the role of monetary policy frameworks," says that global equity markets might be more integrated than global bond markets.
Buba's Weber on financial system modernisation
In a speech given on 29 September Axel Weber of the Bundesbank said efficient financial structures contribute to increasing the potential for stronger non-inflationary economic growth.
National Bank of Serbia - Annual Report 2005
According to the National Bank of Serbia's Annual Report 2005, the overall economic activity continued trending up in 2005, with higher-than-forecast inflation, partial reduction of high foreign trade and current account deficits.
Change at top likely at Bank of Thailand
This article from the Bangkok Post, published Tuesday 3 October, focuses on potential replacements for Bank of Thailand as M.R. Pridiyathorn Devakula after he confirmed he had been approached to join the interim cabinet.
Bahrain to revamp payment system
The Central Bank of Bahrain (CBB), formerly the Bahrain Monetary Agency (BMA), is in the process of revamping the national payment system, Trade Arabia reported.
Study shows rising trend in Venezuela's reserves
The Venezuelan financial system has seen an important growth in its international foreign currency reserves, reaching more than 35 billion dollars at the end of September, according to a new study.
Saccomani takes up Bank of Italy role
Fabrizio Saccomani took up his new role as director general of Italian central bank Banca d'Italia, La Stampa said Monday 2 October.