Central Banking
Eurozone cbs well prepared for financial crisis
The European Central Bank said Monday 6 November a series of "stress testing" exercises have shown that eurozone central banks are well prepared to cope with a financial crisis.
Fed's Pianalto says US can withstand housing slump
The U.S. economy will withstand the housing slump and grow at a ``moderate'' pace with slowing inflation, Cleveland Federal Reserve Bank president Sandra Pianalto said Monday 6 November.
Greenspan says downturn 'likely temporary'
The current economic downturn is "likely temporary," former Federal Reserve Chairman Alan Greenspan said Monday 6 November, noting that the worst of the housing market slump is likely over.
BOT revises rules to curb baht gains
The Bank of Thailand on Tuesday 7 November asked financial institutions not to sell baht bills of exchange to non-residents in an attempt to prevent speculation on the currency's appreciation.
IMF's Lipsky calls for SA vigilance on rates
South Africa has responded "appropriately" to rising inflationary pressure but needs to remain vigilant, IMF first deputy managing director John Lipsky said on Tuesday 7 November.
IMF's Rato sees need for euro rate increase
Rodrigo Rato, head of the International Monetary Fund, on Tuesday 7 November warned that further European interest rate rises would be needed to keep inflation under control as the economic recovery continues.
Albania's Fullani on financial markets & stability
In the speech 'Regional financial markets and financial stability' given on 30 October Ardian Fullani of the Bank of Albania said qualitative developments have taken place in the Albanian banking system during 2006.
Riksbank's Ingves on banking reforms
In the speech 'Banking reforms' given on 3 November Stefan Ingves of the Sveriges Riksbank said during the last twenty years, many countries have embarked on reforms of the banking and financial services industry.
Transmission mechanisms of monetary policy-Armenia
The IMF Working Paper "Transmission mechanisms of monetary policy in Armenia: Evidence from VAR analysis" examines monetary policy transmission in Armenia in light of the authorities' intention to shift to an inflation-targeting regime over the medium…
Kohn on the evolving role of the Fed banks
In the speech 'The evolving role of the Federal Reserve banks' given on 3 November Donald Kohn of the Federal Reserve said the current system of 12 decentralized Fed banks will continue to be needed despite changes in the banking system, but their role…
Canada's Dodge on prospering in the global economy
In the speech 'Prospering in today's global economy: Challenges for open economies such as Australia and Canada' given on 6 November David Dodge of the Bank of Canada said the IMF should be able to bluntly tell governments when their policies hurt other…
Is Swift living in the past?
This recent article from The Banker asks whether Swift is destined to become a relic of a bygone age, or if it can move into the modern era after its launch three decades ago.
EU's Almunia says Cyprus, Malta meet euro criteria
EU economic and monetary affairs commissioner Joaquin Almunia said Monday 6 November after the publication of a report that Cyprus and Malta will be ready to join the eurozone by 2008.
Canada's banknotes getting mangled in old machines
A document quoted by the Canadian Press on Monday 6 November says that the Bank of Canada's currency counting machines need replacing to stop tatty bills getting stuck in the machines.
Qatar rules out reserve policy shift
Qatar central bank governor HE Sheikh Abdullah bin Saud al-Thani said Sunday 5 November that the Qatar has no plans to change its policy on foreign exchange reserves.
PBOC's Fan says 5% p.a. yuan rise possible
People's Bank of China adviser Fan Gang said Monday 6 November in an article in the Wall Street Journal that the yuan could appreciate on average by 5 percent a year in coming years, but a more dramatic rise would be disastrous for Chinese growth and…
China's Su on fixed assets investment expansion
China's fixed asset investment is still under potential pressure of further expansion despite controls imposed this year, a senior official with China's central bank told the 10th CEO Forum on Saturday 4 November.
State TV reports China's reserves top 1trn USD
China's foreign exchange reserves have topped the 1.0 trillion US dollar level, state television CCTV said on Monday 6 November.
SARB's Mboweni on monetary policy decision making
In the speech 'Monetary policy decision making in an uncertain international economic environment' given on 2 November Tito Mboweni of the SARB said sustained lower international oil prices will help to contain inflation in South Africa, but this should…
Fisher on confessions of a data dependent
In the speech 'Confessions of a data dependent' given on 2 November Richard Fisher of the Federal Reserve Bank of Dallas warned that inflation in the United States was still too high, though he recognized the worst could have passed.
Fed's Bies on the economic outlook
In the speech 'The economic outlook' given on 2 November Susan Bies of the Federal Reserve said steady but slow economic growth in the US should lead to more slack in the job market and allow a decline in worrisome inflation though that outcome is not…
Fed Reserve Bank of St Louis Review, Nov/Dec 2006
The latest edition of the St Louis Fed's Review for Nov/Dec 2006 includes the article 'Money and monetary policy for the twenty-first century.' This essay challenges the conventional wisdom about money and monetary policy.
Financial integration of new EU Member States
The ECB Working Paper "Financial integration of new EU Member States" assesses the degree of financial integration for a selected number of new EU member states between themselves and with the euro zone.
India's fast-evolving economy tests central bank
According to this article from Reuters, published Thursday 2 November, the Reserve Bank of India needs to know how close the economy is to overheating if it wants to keep the lid on inflation.