Central Banking
Zimbabwe seizes trillions of old notes
State media reported on Wednesday 9 August that Zimbabwe security agents had seized more than Z$10-trillion (about $40m) in old banknotes at the country's main airport in a campaign against money laundering.
Lithuania sets sights on eurozone entry in 2009
The Lithuanian government has said that it will pass a euro adoption plan this Autumn, according to a local press report.
Japan's Abe sees end of deflation in view
Japan's chief government spokesman said Thursday 10 August the end of deflation is "within sight," but did not declare it over in the world's second largest economy.
Communications breakthrough reaps reward for Fed
According to this article from the Financial Times, published Wednesday 9 August, Ben Bernanke will probably be pleased with the muted market reaction that followed the FOMC's latest interest rate decision.
Central bank's ex-chief defends ex-Dominican pres
The Dominican central bank's ex-chief has defended ex-president Hipolito Mejia's actions regarding the payment to several depositors during the liquidation of the collapsed Intercontinental Bank, Dominican Today reported.
Central Bank of Trinidad and Tobago - Ann Rep 2005
According to the Central Bank of Trinidad and Tobago's Annual Report 2005, the year 2005 has been a very good one for Trinidad and Tobago.
Bank of England Inflation Report, August 2006
The Bank of England published its August 2006 Inflation Report on 9 August. In the report the Bank said its expected profile for growth and inflation over the next two years was higher than in May.
IMF paper on the management of oil wealth
The IMF Working Paper "Management of oil wealth under the permanent income hypothesis: The case of Sao Tome and Principe" documents the protracted process of shaping the rules governing oil operations in Sao Tome and Principe.
Buba paper on the diversification of German banks
The Bundesbank Discussion Paper "Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios" investigates the link between banks' profitability (ROA) and their portfolio diversification across different…
Richmond's Lacker first to dissent under Bernanke
This article published Tuesday 8 August by Bloomberg notes that Federal Reserve Bank of Richmond president Jeffrey Lacker disagreed with the Fed's decision to forgo an interest-rate increase.
MAS committed to anti-money laundering efforts
The Monetary Authority of Singapore (MAS) has reiterated the country's commitment to the international efforts to fight against money laundering and terrorism funding, Channel NewsAsia report said Tuesday 8 August.
China to use ex rate for economic structure
The People's Bank of China said in its monetary policy report released Wednesday 9 August that it will use the exchange rate to adjust the nation's economic structure.
T&T's Williams warns on wage rises
Central Bank of Trinidad and Tobago governor Ewart Williams warned Tuesday 8 August that further salary increases would add to inflation pressure.
BOK governor warns of need for further tightening
Bank of Korea governor Lee Seong-tae said in a luncheon speech Tuesday 8 August that Korea should not be fettered by short-term growth figures.
Thailand acting to stem baht increase
Thai central bank governor Pridiyathorn Devakula said Wednesday 9 August the central bank has been acting to halt the baht's rise to prevent excessive strength in the currency from hurting exporters.
Zeti says guidelines for takaful operators soon
The guidelines set for takaful operators in Malaysia will be issued "soon," according to Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
Is King readying his pen reluctantly or eagerly?
The UK press has jumped on the admission by Mervyn King that he might soon have to write a letter to the chancellor if inflation climbs above the 3% limit, but such a letter would not be the admission of failure that many imply.
The banking system in emerging economies
Drawing on contributions by senior central bank officials from emerging market economies and staff of the Bank for International Settlements, the BIS Papers "The banking system in emerging economies: how much progress has been made?" published 7 August…
Central Bank of Ireland - Annual Report 2005
According to the Central Bank & Financial Services Authority of Ireland's Annual Report 2005, the Irish economy continued to perform well last year.
Fundanga on the future of the Zambian economy
In the speech 'Future of the Zambian economy - a balanced look' given on 30 June Caleb M Fundanga of the Bank of Zambia said we see the future of the Zambian economy as one which is highly diversified through resuscitating the industrial base to enable…
Pakistan's Akhtar on economic outlook and prospect
In the speech 'Pakistan - economic outlook and prospects' given on 27 June Shamshad Akhtar of the State Bank of Pakistan said growth prospects for Pakistan are fairly promising.
How Greenspan gave Stevens a master class
According to this article, published Tuesday 8 August by The Australian, the elevation of Glenn Stevens to governor of the Reserve Bank of Australia barely raised a ripple on Wall Street.
A contrasting tale of two central bankers
According to the article "From Poland to Japan: a contrasting tale of two central bankers" from The Japan Times, published Monday 7 August, Poland's new leaders look set to concentrate the entire spectrum of financial supervisory powers in the prime…
SARB's Guma reappointed deputy governor
South African President Thabo Mbeki has reappointed Xolile Guma to serve as deputy governor of the central bank for another five years, the South African Reserve Bank (SARB) said on Monday 7 August.