Central Banking
China to pursue greater flexibility - report
China is succeeding in slowing the momentum of money and credit growth but cannot afford to drop its guard, the official Xinhua news agency on Wednesday 2 August quoted the central bank as saying.
Comment: What can we expect from Singapore
As the annual meetings of the IMF and the World Bank in Singapore approach, expectations are high for reform, particularly within the Fund. Top of the agenda will be how to make sense of the new multilateral surveillance role outlined at the spring…
SF's Yellen on prospects for the U.S. economy
In the speech 'Prospects for the U.S. economy' given on 31 July Janet Yellen of the Federal Reserve Bank of San Francisco said the current federal funds rate is "in a vicinity" of the right level even though news on inflation has been "disappointing."
St Louis Fed's Poole on Chinese growth
In the speech 'Chinese growth: A source of U.S. export opportunities' given on 31 July William Poole of the Federal Reserve Bank of St. Louis said the growth of the Chinese economy will provide U.S. firms with important export opportunities and U.S…
Words speak as loud as numbers for Bernanke's Fed
This article from Bloomberg, published Tuesday 1 August, notes that the Federal Reserve's 24-25 Oct FOMC meeting "will be expanded to two days to allow time for discussion of communications issues."
Greek banking sector "needs supervision"
According to the commentary 'Our banking sector needs supervision', published Saturday 29 July, by the Kathimerini, the Bank of Greece is shirking its supervision responsibility.
PBOC's Yi says China needs 'determination' on yuan
A senior People's Bank of China official has called for 'determination' on the part of the country to achieve its objective of making the yuan fully convertible.
ECB paper on fiscal policy in a monetary economy
The ECB Working Paper "Fiscal policy in a monetary economy with capital and finite lifetime" published 27 July develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes.
Bank of Slovenia - Annual Report 2005
According to the Bank of Slovenia's Annual Report 2005, economic activity was again sound in 2005, though growth was somewhat lower than the previous year.
Rato on the IMF's commitment to low-income states
In the speech 'Renewing the IMF's commitment to low-income countries' given on 31 July Rodrigo de Rato of the IMF said donors should offer developing countries alternative sources of financing rather than just telling them to avoid debt.
Glenn Stevens appointed governor of the RBA
Australian Treasurer Peter Costello announced on Tuesday 1 August that Glenn Stevens has been appointed governor of the Reserve Bank of Australia for a term of seven years, with effect from 18 Sep.
Australia bank chief faces a tough debut
According to this article by Reuters, published Tuesday 1 August, new RBA governor Glenn Stevens is likely to upset politicians and Australia's heavily indebted homeowners, with his chief concern the control of inflation.
Jarai sees euro entry hopes unlucky before 2013
Hungary's central bank (NBH) governor Zsigmond Jarai said on Tuesday 1 August that Hungary's economy was not on the right track and that it has become questionable whether euro adoption could be possible even in 2013.
Greenspan ghost writer gives memoirs 'pace'
Dame Marjorie Scardino, chief executive of Penguin's parent company Pearson, said Monday 31 July that Alan Greenspan had agreed to allow a ghost writer to help to "make [his memoir] more pacey - because Alan is an academic".
Comment: Has Trichet's gambit paid off?
The ECB heads into this week's monetary policy meeting with markets fully expecting a 25 basis point hike. Has the decision to have an unscheduled meeting, which effectively pre-announced the decision, changed the prospects for the course of eurozone…
SARB's Mboweni on education
In the speech 'Education transforms lives - It changed mine' given on 28 July Tito Mboweni of the SARB said South Africa's economy can maintain a growth rate of more than four percent in 2006, but high global oil prices and domestic factors pose …
National Bank of Slovakia - Annual Report 2005
According to the National Bank of Slovakia's Annual Report 2005, in 2005 the Slovak economy has come to feel the effects of the ongoing reform process and integration efforts, with the NBS playing its part as well.
Cross-border bank contagion in Europe
This European Central Bank Working Paper, published 27 July, analyses cross-border contagion in a sample of European banks from January 1994 to January 2003.
Swiss National Bank, Quarterly Bulletin 2, June 06
According to the Swiss National Bank's Quarterly Bulletin for June 2006, in the first quarter of 2006, economic growth picked up in most large economies.
IMF paper on inflation forecasting
The IMF Working Paper "The role of seasonality and monetary policy in inflation forecasting" suggests a new econometric approach for jointly determining inflation forecasts and monetary policy stances, particularly where seasonal fluctuations of economic…
Turkey's year-end inflation may double target
Year-end inflation in Turkey is likely to climb to 10.5 pct, double the official target of 5.0 pct, central bank governor Durmus Yilmaz said Friday 28 July.
RBI may keep rupee grip post convertibility
The Reserve Bank of India is unlikely to let the rupee off the leash even if the country opts for fuller capital convertibility, according to this article by Reuters published Thursday 27 July.
Bank of Italy adopts new statute
The Bank of Italy has approved a new statute proposed by governor Mario Draghi, La Stampa reported Friday 28 July. One new measure will see the directorate increasing from four to five members.
RBA's McKibbin reappointed for five years
Australian Treasurer Peter Costello has reappointed professor Warwick McKibbin to the board of the Reserve Bank of Australia for a second five-year term beginning Monday 31 July.