Central Banking
Inflation targeting in dollarized economies
According to this Working Paper from the Central Bank of Chile, the shift to an inflation targeting regime has contributed to the relatively low inflation observed in some emerging market economies.
Tumpel-Gugerell on the Retail Banking Sector
In the speech 'Preliminary findings of the Retail Banking Sector Inquiry' given on 17 July Gertrude Tumpel-Gugerell of the ECB said called for progress on the integration of the EU's retail bank markets.
Former Banque du Liban governor dies aged 91
Philippe Taqla, who held various official positions including governor of the Central Bank of Lebanon, died recently aged 91.
Welmega declines Sri Lanka monetary board post
Newspaper reports said businessman Nimal Welgama has rejected a seat on the monetary board of the Central bank of Sri Lanka due to an ongoing inquiry by the central bank.
Iran doesn't need more central bank independence
According to the Mehr News Agency, Iran's deputy economy minister has said the Central Bank of Iran (CBI) does not need more independence.
Hedge funds will be regulated, one way or another
According to this article by Bloomberg, published Friday 14 July, although a US court blocked the Securities and Exchange Commission from regulating hedge funds, the business hasn't permanently escaped the grasp of regulators.
ACU to discuss payment systems efficiency
Members of the Asian Clearing Union (ACU) will meet in Dhaka this week to discuss ways to make their payment systems easier to use to boost trade, a Bangladesh central bank official told Reuters.
Volcker says Bernanke faces tougher time than him
In an interview with Bloomberg television, former Federal Reserve chairman Paul Volcker said Ben Bernanke faces an even tougher challenge than he did as leader of the Fed.
Yosano says Fukui's investment a 'social' issue
Japanese economic and fiscal policy minister Kaoru Yosano said Bank of Japan governor Toshihiko Fukui's investment in a fund operated by Yoshiaki Murakami, is a "social issue."
Comment: More pounds in their pockets
According to the most recent IMF data on reserve holdings, the pound sterling has surpassed the yen as the third most popular reserve currency. A number of factors could see the pound's popularity increase further.
Central Bank of Malta - Annual Report 2005
According to the Central Bank of Malta's Annual Report 2005, the past year witnessed an important milestone in Malta's monetary history with the entry of the Maltese lira into ERM II.
ECB's Bini Smaghi on global imbalances
In the speech 'European and Asian perspectives on global imbalances' given on 14 July Lorenzo Bini Smaghi of the ECB said for the euro area, Asia has now become a more important trade partner than the US.
IMF's Kato on adapting to new global realities
In the speech 'Adapting to new global realities' given on 13 July Takatoshi Kato of the IMF said the Fund is studying a possible change in its voting structure to reflect the increasing weight of emerging market economies.
Sveriges Riksbank Economic Review 2nd Quarter 2006
The Sveriges Riksbank published its Economic Review for the 2nd Quarter 2006 on Thursday 13 July. The latest edition includes the article "The regulatory framework for banks in the EU: An introduction."
IMF paper on international policy coordination
The IMF Working Paper "International policy coordination and simple monetary policy rules" studies the optimal design of monetary policy in an optimizing two-country sticky price model.
Stern says Fed will remain diligent
The Federal Reserve is committed to its responsibility of avoiding a damaging rise in inflation, Minneapolis Fed president Gary Stern said on Thursday 13 July.
UAE says reserves shift not political
In an interview with the Financial Times, the United Arab Emirates' central bank governor confirmed a strategic decision had been taken to move 10 per cent of its $29bn foreign exchange reserves into euros.
BOJ raises rates, Fukui staying put
The Bank of Japan on Friday 14 July ended its five-year-old policy of keeping interest rates near zero, saying that the nation has emerged from deflation and overcome the long economic slump.
Barbados' Williams says hands off her staff
According to the Barbados Nation, the governor of the central bank of Barbados, Dr Marion Williams, has asked commercial banks to stop poaching her staff.
Comment: A new era for the BoJ
As expected the Bank of Japan raised interest rates for the first time since March 2001 at its monetary policy meeting on 14 July. The decision to end the zero interest rate policy (ZIRP) with a 25 basis point hike in the overnight rate was unanimous one.
IMF says BOJ hike welcome news
A senior IMF official on Friday 14 July welcomed the decision by the Bank of Japan to end the era of zero interest rates.
Dominican central bank adds UK£ to reserves
Dominican Republic is adding British pounds to its foreign monetary reserves because the United Kingdom's assets offer attractive return margins, central bank governor Hector Valdez Albizu said in an interview.
China may tighten yuan as economy grows
The Chinese controlled press reported on Thursday 14 July that the Chinese economy was forging ahead in the second quarter.
Central Bank of Malaysia - Annual Report 2005
According to the Central Bank of Malaysia's Annual Report 2005, economic expansion strengthened in 2005, driven by strong domestic demand and reinforced by the improvement in external demand.