Central Banking
Dispute over Slovenia's new central bank governor
Slovenia's president Janez Drnovsek refused on Monday 12 February to withdraw his candidate for the new central bank governor, despite fierce opposition to the appointment from the ruling party, the Associated Press said.
Gono hits bull's eye
This article from the Financial Gazette, published Thursday 8 February, says the heated debate rages on after Reserve Bank of Zimbabwe governor Gideon Gono refused to budge an inch on devaluation.
Cleveland Fed's new Head of Banking Supervision
Stephen Jenkins has been appointed senior vice president responsible for the banking supervision function at the Federal Reserve Bank of Cleveland, effective 1 March 2007.
RBNZ appoints John McDermott Head of Economics
Dr John McDermott has been appointed Head of Economics at the Reserve Bank of New Zealand, the RBNZ said Friday 9 February.
Central Bank of Barbados - Annual Report 2005
According to the Central Bank of Barbados' Annual Report 2005, strengthened mainly by significant increases in the non-traded sectors, especially construction, real GDP is estimated to have grown for the fourth consecutive year, rising by 3.8% in 2005.
Bank of Mauritius - Annual Report 2005-2006
According to the Bank of Mauritius' Annual Report 2005-2006, the economic performance during fiscal year 2005-06 was characterized by a real GDP growth of 3.5 per cent, and an increase in the budget deficit as a proportion of GDP to 5.3 per cent.
Bank of Greece - Annual Report 2005
According to the Bank of Greece's Annual Report 2005, despite the slowdown in the GDP growth rate in 2005, the performance of the Greek economy in 2005 is considered satisfactory.
IMF's Portugal at the Debt Managers Conference
In a speech at a Debt Managers Conference given on 8 February Murilo Portugal of the IMF said debt managers have very successfully taken advantage of market opportunities to improve the structure of their debt portfolios.
What explains the US net income balance?
Despite a significant deterioration in the US net foreign asset position, there has not been a corresponding deterioration in the net income balance. In fact, there has generally been a net income surplus, according to this IMF Working Paper published…
Trichet 'inflexibly attached' to ECB independence
European Central Bank president Jean-Claude Trichet, told reporters Thursday 8 February he is 'inflexibly attached' to implementing EU Treaty provisions that protect the central bank's independence from political meddling.
When larger reserves may not really be good
According to this article from the New Straits Times, published Friday 9 February, questions the idea that foreign exchange reserves are a key indicator of macroeconomic strength.
Atlanta Fed names Lockhart as new president
The Federal Reserve Bank of Atlanta announced Thursday 8 February that it has picked Dennis Lockhart, a 17-year veteran of Citigroup and now a professor of international business at Georgetown University as its new president.
Bies to leave Fed at end of March
Susan Bies announced Friday 9 February that she will leave the Board of Governors of the Federal Reserve at the end of March.
Burundi's central bank chief moves to v president
Burundi's parliament on Friday 9 February transferred central bank governor Gabriel Ntisezerana to the post of second vice president after his predecessor was sacked in a dispute.
Nightmares of a central banker
According to this article published by the Ludwig von Mises Institute on Tuesday 6 February, the record of modern central banking is bleak, with monetary policy failing again and again.
Philadelphia's Plosser on the economic outlook
In the speech 'The economic outlook: Prospects for 2007' given on 7 February Charles Plosser of the Federal Reserve Bank of Philadelphia said the central bank may need to raise its benchmark interest rate as recent stronger economic growth increases the…
Basel Committee issue consultative paper
The Basel Committee on Banking Supervision on Wednesday 7 February issued for public comment a paper entitled Principles for home-host supervisory cooperation and allocation mechanisms in the context of Advanced Measurement Approaches (AMA).
Chicago Fed Letter, March 2007
The article "Globalization and the benefits of trade" published in the Federal Reserve Bank of Chicago's Letter, March 2007, examines the benefits and costs to the U.S. and other countries of globalization.
T&T's Williams on the Financial Literacy Programme
In the speech 'National Financial Literacy Programme in Trinidad and Tobago' given on 31 January Ewart Williams of the Central Bank of Trinidad and Tobago said a programme of the scope envisaged will require considerable funding.
Cayman Islands Monetary Authority - Ann Rep 05-06
According to the Cayman Islands Monetary Authority's Annual Report 2005-2006, the CIMA's core business of licensing and supervision continues to grow.
Brazil's fin min says central bank chief staying
Brazil's central bank president Henrique Meirelles will remain in the job even though he has been criticised by some members of the government for his conservative stance, finance minister Guido Mantega told reporters on Wednesday 7 February.
NCA suggests RBZ's Gono skips border and quits
Zimbabwe's National Consultative Assembly (NCA) criticised the monetary policy of the Reserve Bank of Zimbabwe as a total failure in a statement released Thursday 8 February.
ECB's Trichet flags rate increase with 'vigilance'
European Central Bank President Jean- Claude Trichet signalled the ECB will likely raise interest rates next month as the pace of economic growth threatens to stoke inflation.
Chavez to implement anti-inflation plan
Venezuela's president Hugo Chavez' Government is preparing a plan to fight inflation, to prevent it from exceeding 12 percent this year, according to minister of finance Rodrigo Cabezas.