Central Banking
Monetary and prudential policies at a crossroads?
The BIS Working Paper "Monetary and prudential policies at a crossroads? New challenges in the new century" argues that financial liberalisation has resulted in subtle but profound changes in the dynamics of the economy and in the challenges faced by…
ECB paper on international portfolio flows
The European Central Bank Working Paper "The geography of international portfolio flows, international CAPM and the role of monetary policy frameworks," says that global equity markets might be more integrated than global bond markets.
Buba's Weber on financial system modernisation
In a speech given on 29 September Axel Weber of the Bundesbank said efficient financial structures contribute to increasing the potential for stronger non-inflationary economic growth.
National Bank of Serbia - Annual Report 2005
According to the National Bank of Serbia's Annual Report 2005, the overall economic activity continued trending up in 2005, with higher-than-forecast inflation, partial reduction of high foreign trade and current account deficits.
Change at top likely at Bank of Thailand
This article from the Bangkok Post, published Tuesday 3 October, focuses on potential replacements for Bank of Thailand as M.R. Pridiyathorn Devakula after he confirmed he had been approached to join the interim cabinet.
Bahrain to revamp payment system
The Central Bank of Bahrain (CBB), formerly the Bahrain Monetary Agency (BMA), is in the process of revamping the national payment system, Trade Arabia reported.
Study shows rising trend in Venezuela's reserves
The Venezuelan financial system has seen an important growth in its international foreign currency reserves, reaching more than 35 billion dollars at the end of September, according to a new study.
Saccomani takes up Bank of Italy role
Fabrizio Saccomani took up his new role as director general of Italian central bank Banca d'Italia, La Stampa said Monday 2 October.
CBO signs PWC supervision agreement
The Central Bank of Oman (CBO) has signed an agreement with PricewaterhouseCoopers (PWC) to achieve a smooth migration into risk-based supervision (RBS).
Japan can declare deflation over says Omi
Japan's Finance Minister Koji Omi said Tuesday 3 October that the country can declare that its battle with more than seven years of falling prices is over.
Minehan on cb role in economic education
In the speech 'The role of central banks in economic and personal finance education' given on 29 September Cathy Minehan of the Federal Reserve Bank of Boston said the modern world is a complicated place with increasingly complex economic and financial…
Rick Hou on Solomon Islands bank notes
In the speech 'Launching of Solomon Islands' new and revised bank notes' given on 2 September Rick Houenipwela of the Central Bank of Solomon Islands said in the Solomon Islands currency development is influenced by various socio-economic factors.
Monetary policy in the media
This European Central Bank Working Paper, published 29 September, analyses the coverage which ECB monetary policy decisions receive in the print media, and the determinants of its extent and of its favourableness.
National Bank of Romania - Annual Report 2005
According to the National Bank of Romania's Annual Report 2005, the year 2005 stands out by the numerous challenges the National Bank had to deal with in formulating and implementing its monetary policy.
St. Louis Fed's Poole on data dependence
In the speech 'Data dependence' given on 29 September William Poole of the Federal Reserve Bank of St. Louis said inflation must be kept under wraps, but if both growth and price pressures were sufficiently weak, he would back a reduction in U.S…
Lister resigns from top BMA positions
Cheryl-Ann Lister, chairwoman and chief executive of The Bermuda Monetary Authority, has announced that she will be stepping down from both posts at the end of the this year. This article from The Royal Gazette, published Monday 2 October, includes an…
SARB's Mboweni on regulatory developments
In the speech 'International regulatory developments and the South African banking sector' given on 2 October Tito Mboweni of the South African Reserve Bank said South Africa's high rate of private sector credit is a major concern and poses a risk to the…
BOT chief takes role in military-backed govt
Bank of Thailand governor Pridiyathorn Devakula said Monday 2 October that he will join the cabinet of the new military-backed government in an as yet undecided role.
Almunia silent on date for Lithuanian euro entry
EU economic and monetary affairs commissioner Joachim Almunia declined to set a date for Lithuania to enter the eurozone in a speech Monday 2 October.
Japan's PM Abe expects BoJ to support growth
Japan's Prime Minister Shinzo Abe told parliament Monday 2 October that he expects the Bank of Japan to support growth through its policies as the economy continues to emerge from deflation.
PBOC chief says yuan flexibility expanding
The flexibility of China's currency is gradually being expanded as the influence of market forces grows stronger, the People's Bank of China chief said in an interview published Monday 2 October.
BOK apologises over driver, guards salaries
The Bank of Korea has apologized for giving high salaries to drivers and guards stationed at its headquarters and promised to streamline its organization, The Korea Herald reported Monday 2 October.
An Asian currency - a bridge too far
This article published on Friday 29 September by the Asia Times Online looks at the idea of the "Asian Currency Unit" which has been touted as a possible solution to the global imbalance dilemma.
Yilmaz on central banking in emerging economies
In the speech 'Central banking in emerging economies - the Turkish experience' given on 12 September Durmus Yilmaz of the Central Bank of the Republic of Turkey said a challenge of central banks in some emerging economies is dollarization.