Central Banking
IMF seminar on monetary and financial law
The IMF will hold its 2006 Seminar on Current Developments in Monetary and Financial Law at the IMF headquarters on 23-27 October. The theme of the seminar will be Law and Financial Stability. Federal Reserve governor Randall Kroszner will deliver the…
Russia investing some reserves in Japan's yen
The Central Bank of Russia (CBR) has begun investing gold and foreign currency reserves in Japanese yen, CBR first deputy director Aleksei Ulyukayev told a conference on Monday 16 October.
IMF's Carstens steps down for Mexican post
Agustin Carstens, deputy managing director of the International Monetary Fund announced Monday 16 October his intention to leave the Fund with immediate effect to accept an appointment in Mexico President-elect Felipe Calderon's transition team.
Treasury Committee to look into MPC process
The Treasury Select Committee has said it expects to look into the appointment process to the Bank of England's interest rate-setting Monetary Policy Committee some time next year.
Kuwait mulls stricter anti-money laundering laws
The Central Bank of Kuwait (CBK) will impose stricter anti-money laundering regulations to protect investments in this Islamic Gulf state, Kuwait-based newspaper Arab Times reported on Sunday 15 October.
Bank of Thailand appoints Tarisa as governor
Thailand's Cabinet approved on Tuesday 17 October the appointment of Tarisa Watanagase, Bank of Thailand deputy governor, to take over as governor, the first female governor in the bank's 64-year history.
Bank of England governor may be outvoted on rates
This article from Reuters, published Thursday 12 October, asks whether Mervyn King could be outvoted for the second time at the Bank of England's next rate-setting meeting.
RBI's Gopinath on changes in risk management
In the speech 'Changing paradigms in risk management' given on 27 September Smt. Shyamala Gopinath of the Reserve Bank of India said that at the systemic level, efforts have been made to create an enabling environment for all market participants in terms…
Bank of Finland, Financial Stability, 2005
According to the Bank of Finland's Financial Stability report 2005, the year was a sound and reliable one for the financial system in Finland, as much as for financial systems internationally.
National Bank of Belarus - Annual Report 2005
According to the National Bank of Belarus' Annual Report 2005, the economic situation in 2005, on the whole, was characterized by high rates of growth of GDP, and production of goods and services in most industries of the economy.
Trichet: How to elevate Europe's potential growth
In the speech 'How to elevate the potential growth rate of Europe' given on 16 October Jean-Claude Trichet of the ECB said the euro zone's growth potential is "mediocre" and structural reforms are urgently needed to boost economic growth.
ECB's Stark on the euro area's role
In the speech 'The euro area's role in the global economy' given on 13 October Jurgen Stark of the ECB said while EMU is a success story with respect to the single monetary policy a lot needs to be done in the areas of fiscal policies and structural…
Mboweni on the challenge of employment equity
In the speech 'The challenge of employment equity with specific reference to transformation at the South African Reserve Bank' given on 13 October Tito Mboweni of the SARB said the progress we have made at the SARB with employment equity since 1999 has…
Sri Lanka's central bank appoints more assistants
The Central Bank of Sri Lanka has promoted four senior staff officers to the post of Assistant Governor from 11 Oct, the bank said Monday 16 October.
Issing joins Goldman Sachs in adviser role
Otmar Issing, former chief economist of the European Central Bank, has confirmed that he had accepted an offer from Goldman Sachs to act as an international advisor to the investment bank.
PBOC's Wu comments on rates, use of reserves
The People's Bank of China needs to further monitor the economy to assess whether or not it needs to hike interest rates again or not, State-owned China Central Television (CCTV) cited Wu Xiaoling, vice governor of the People's Bank of China as saying.
Yi says China's yuan will rise gradually
China's yuan will rise gradually to off-set long-term appreciation pressure, People's Bank of China assistant governor Yi Gang said Monday 16 October.
BNM's Zeti says Islamic banking well capitalised
The country's Islamic banking industry remains well-capitalised considering the latest financial indicators, Governor of Bank Negara Malaysia Tan Sri Dr Zeti Akhtar Aziz said Monday 16 October.
Can we bank on Poland to look back - or forward?
According to this article published by The Times on Friday 13 October, Poland may be about to turn its back on a modern economy, with political interference at the central bank.
National Bank of Azerbaijan - Annual Report 2005
According to the National Bank of Azerbaijan's Annual Report 2005, in 2005 the country's economy was characterized by a high growth rate of GDP, production and non-production investments.
Fed's Mishkin on globalization: A force for good
In the speech 'Globalization: A force for good?' given on 12 October Frederic Mishkin of the Federal Reserve said developing countries need to develop good institutions that allocate capital efficiently in order to raise living standards.
BIS paper on the euro as a reserve currency
The BIS Working Paper "The euro as a reserve currency: a challenge to the pre-eminence of the US dollar?" investigates whether euro financial markets have developed sufficiently to facilitate the emergence of the euro as a reserve currency on par with…
Federal Reserve Board - Beige Book, October 2006
The Federal Reserve published its October 2006 Beige Book survey on 12 October. Half of the Fed's 12 districts reported moderate or mixed economic growth in September, while four noted stronger growth, according to the report.
Riksbank's Persson on pensions and globalisation
In the speech 'Pensions, globalisation and the current economic situation' given on 9 October Kristina Persson of the Sveriges Riksbank said future pensions will be determined by developments in the economy in general and by wage growth.