Central Banking
ECB's Weber says 2007 rate outlook open
European Central Bank council member Axel Weber told reporters in Frankfurt late on Tuesday 5 September that eurozone interest rates may have to rise next year.
St Louis Fed's Central Banker, Fall 2006
The St. Louis Fed has published the Fall 2006 edition of its Central Banker magazine. In the article "More district banks choose the Fed as their regulator" Julie Stackhouse, senior vice president, Banking Supervision and Regulation asks bankers and…
Central Bank of Ireland, Quarterly Bulletin 3/2006
The Central Bank and Financial Services Authority of Ireland has published its Third Quarterly Bulletin for 2006. According to the Bulletin, growth prospects for the domestic economy remain positive.
Atlanta's Guynn on four decades in central banking
In the speech 'Reflections on four decades in central banking' given on 22 August Jack Guynn of the Federal Reserve Bank of Atlanta said that revolutionary change in banking and financial services is a major part of the nation's continuing economic…
BIS paper on risk and liquidity in system context
This BIS Working Paper explores the pricing of debt in a financial system where the assets that borrowers hold to meet their obligations include claims against other borrowers.
RBA's Lowe on risk measurement
In the speech 'Risk measurement - A central bank perspective' given on 5 September Philip Lowe of the Reserve Bank of Australia said the RBA accepted that banks had effectively managed the risk to their own balance sheets.
Fed's Bernanke on productivity
In the speech 'Productivity' given on 31 August Ben Bernanke of the Federal Reserve said America's productivity probably will keep growing solidly for some time to come, an important force in bolstering living standards.
Central bankers are more like Santa than Scrooge
This recent article from Bloomberg says that Alan Greenspan changed the image of central bankers during his eighteen year term running the Federal Reserve and even made the job seem glamorous.
Fair value accounting for financial instruments
The BIS Working Paper "Fair value accounting for financial instruments: some implications for bank regulation" identifies issues that bank regulators need to consider if fair value accounting is used for determining bank regulatory capital and when…
Frederic Mishkin sworn in as Fed board member
Frederic S. Mishkin on Tuesday 5 September took the oath of office as a member of the Board of Governors of the Federal Reserve System.
ECB's Bini Smaghi calls for Italian pension reform
European Central Bank executive committee member Lorenzo Bini Smaghi in an interview called for an immediate pension reform in Italy.
Trichet says ECB's rate message is clear
European Central Bank President Jean-Claude Trichet said on Monday 4 September that his message on interest rates following last Thursday's policy meeting is clear.
OECD raises Eurozone, UK growth forecasts
The OECD raised its 2006 growth forecasts for the Eurozone and UK on Tuesday 5 September, but kept its forecast for US growth unchanged and lowered its projection for Japan.
BOJ panel recommends staff transaction ban
An advisory panel to the Bank of Japan has said BOJ officials should be barred from most types of financial transactions.
Tanigaki says fiscal reforms must speed up
Japan cannot be slow in implementing fiscal reforms given its ageing population and rising global interest rates, Finance Minister Sadakazu Tanigaki said on Tuesday 5 September.
Chicago Fed National Activity Index, July 2006
The Chicago Fed National Activity Index for July 2006, published 23 August, was -0.12 in July, down from +0.43 in June. Two of the four broad categories of indicators in the index made small positive contributions.
Philadelphia Fed Business Outlook Survey, Aug 2006
According to the firms surveyed for the Philadelphia Fed's August 2006 Business Outlook Survey, activity in the region's manufacturing sector continued to expand. The indicator for general activity improved notably this month, and indicators for new…
Bank of Canada Review, Summer 2006
The Bank of Canada published its Review for Summer 2006 on 17 August. The Review includes the article 'Credibility with flexibility: The evolution of inflation-targeting regimes, 1990-2006'.
Norges Bank appoints communications director
Norges Bank announced on Friday 1 September that Siv Meisingseth has joined the central bank as Director of Corporate Communications.
Riksbank announces death of Jan Bergqvist
Jan Bergqvist, Chairman of the General Council of the Swedish central bank, has suddenly passed away at the age of 66, following a period of illness, the Riksbank said on Monday 4 September.
PBOC official says reforms are a long process
The reform and opening up of the country's financial industry will be a long, tough process but moving too quickly will only bring risks to the economy, a senior official of the People's Bank of China said in a speech.
Trichet says IMF representation progressing
European Central Bank president Jean-Claude Trichet has said the process of giving the ECB a higher profile in the IMF is going in the right direction, although he would prefer progress to be quicker.
Bank capital, asset prices and monetary policy
In this Bank of England Working Paper the authors study a general equilibrium model in which informational frictions impede entrepreneurs' ability to borrow and banks' ability to intermediate funds.
Inflation outbreaks unlikely says Fed's Poole
Outbreaks in inflation are unlikely, especially with recent readings suggesting that price pressures have reached a plateau, St. Louis Federal Reserve President William Poole on Thursday 31 August.