Central Banking
Comment: Fukui's gaffe
Bank of Japan governor, Toshihiko Fukui, faces an uncertain future following his admission of a supposedly unethical investment. Even though prime minister Junichiro Koizumi immediately jumped to Fukui's defence, pundits are already saying the incident…
Senate backs Kohn's Fed nomination
The Senate Banking Committee on Wednesday 14 June approved the nomination of U.S. Federal Reserve governor Donald Kohn to be vice chairman at the central bank, sending it to the full Senate for a final vote.
China appoints new central bank vice-governor
China's state council has named Liu Shiyu, the former assistant to the governor of the People's Bank of China, as the new central bank vice-governor.
BoE's King on monetary policy
In a speech given on 12 June Mervyn King of the Bank of England said global interest rates may have been too low and "too accommodative" for too long, fanning inflation which is now feeding into the U.K. economy.
Fed's Bernanke on modern risk management
In the speech 'Modern risk management and banking supervision' given on 12 June Ben Bernanke of the Federal Reserve said a sweeping regulatory plan to improve risk management for the country's largest and most internationally active banks is important to…
Fed's Bies on enterprise risk management
In the speech 'A supervisor's perspective on enterprise risk management' given on 12 June Susan Schmidt Bies of the Federal Reserve said the Federal Reserve is aware of the additional workload banks face in complying with rules aimed at fighting money…
IMF's Krueger on the global economy and the IMF
In the speech 'Stability, growth, and prosperity: The global economy and the IMF' given on 7 June Anne Krueger of the IMF said we urgently need further progress in the Doha round of trade negotiations, and we need to make progress on a multilateral…
Nyberg on the Riksbank's monetary policy strategy
In the speech 'The Riksbank's monetary policy strategy' given on 19 May Lars Nyberg of the Sveriges Riksbank said the decision to hold the repo rate unchanged at the most recent monetary policy meeting was not a self-evident decision.
Chile's Corbo on central banks & global imbalances
In the speech 'Central banks and global imbalances' given on 9 June Vittorio Corbo of the Central Bank of Chile said the way in which global imbalances will unwind is one of the major uncertainties that central bankers face.
Buba's Meister warns on Euronext/NYSE plans
Bundesbank Executive Board member Edgar Meister said in an interview that a merger between Euronext NV and the New York Stock Exchange would stop the process of integration in the financial markets of Europe, and could possibly disrupt it for a longer…
Trichet is right to be nervous about inflation
According to this article by the Financial Times, published Monday 12 June, Jean-Claude Trichet and his ECB colleagues are nervous about inflation and rightly so.
Fukui says BoJ will 'carefully watch' markets
Bank of Japan governor Toshihiko Fukui told a parliamentary hearing on Tuesday 13 June that the central bank will "carefully watch" the impact of financial markets on the real economy.
Clearly, Greenspanese isn't his language
According to this article by The New York Times, published Sunday 11 June, Federal Reserve chairman Ben Bernanke has shown in recent comments that he knows how to send a message.
Koizumi: 'No problem' on Fukui quit calls
Japanese prime minister Junichiro Koizumi suggested Tuesday 13 June that there are no plans to replace Bank of Japan governor Toshihiko Fukui over his investment in the fund founded by Yoshiaki Murakami, who was arrested on suspicion of insider trading.
Comment: Hawkish Fed
After a string of speeches by its senior staff this week, the Fed appears to be in an increasingly hawkish mood. The growing perception that that US interest rates will have to rise further could be bolstered by today's release of consumer price data for…
IMF admits double counting on gold
The IMF has released a paper that discusses the practice of double counting of gold reserves by central banks.
ECB's Tumpel-Gugerell on payment systems
In the speech 'Drivers for change in payment and securities settlement systems' given on 9 June Gertrude Tumpel-Gugerell of the ECB said exploiting technological innovation can be an important means of saving costs, which is a pressing need in the…
The brave new world of central banking
At the dawn of the 21st century, property and equity ownership are spread more broadly across the population than they once were, according to the Czech National Bank Working Paper "The brave new world of central banking: The policy challenges posed by…
Philadelphia Fed Business Review, 2nd Quarter 2006
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2006. Articles cover wage cyclicality, collateral, the relationship between technology and increased skills among workers, and an update to…
BIS Quarterly Review, June 2006
The Bank for International Settlements published its June 2006 Quarterly Review on Monday 12 June. The report said concern about the pace of recent share market gains has prompted investors to shift away from risky assets and to switch to highly rated…
RBI's Reddy says monetary policy 'in sync'
Reserve Bank of India governor Y. V. Reddy said on Saturday 10 June that the recent increase in overnight interest rates was necessary so that India was not "out of sync" with the monetary developments in the world.
RBNZ publishes history book
The Reserve Bank of New Zealand history book 'Innovation and Independence: the Reserve Bank of New Zealand 1973-2002', was published by Auckland University Press on Monday 12 June.
Pianalto on economic conditions & monetary policy
In the speech 'Economic conditions and monetary policy' given on 12 June Sandra Pianalto of the Federal Reserve Bank of Cleveland said recent news on US inflation has been troubling, but if the economy moderates as forecast, an interest rate at 5% is…
Fed's Reinhart: Draw firm line on inflation
Top U.S. Federal Reserve staffer Vincent Reinhart said on Friday 9 June that experience tells us it is important to draw a firm line in the fight against inflation.