Central Banking
Comment: Monetary system 'fundamentally stable'
A clear division of opinion and sentiment about the prospects for the world economy came to the surface at a conference on Global Government Bonds that took place this week in Hong Kong.
UAE central bank to host financial conference
The UAE Central Bank will organise a regional conference between November 19 and 21 on "investigating and prosecuting advanced financial crimes", in collaboration with the US Department of Justice and Middle East North Africa Financial Action Task Force.
Tripartite protocol on banking supervision signed
Jean-Claude Trichet and Dr. Farouk El Okdah, governor of the Central Bank of Egypt, on 13 November signed a Tripartite Protocol to mark the start of a Eurosystem Technical Assistance Programme on Banking Supervision.
India's PM calls for Asia growth push
India's Prime Minister Manmohan Singh has asked South Asian nations to show the resolve and maturity to grasp opportunities to become a major engine of growth for the global economy.
Record central bank gold sales forecast
London-based GFMS is forecasting record net gold sales by central banks in 2005 of about 700 tons, up from over 500 tons in 2004, GFMS Executive Chairperson Philip Klapwijk said on Tuesday 15 November.
EU's Almunia calls for respect of ECB independence
EU economic and monetary affairs commissioner Joaquin Almunia on Thursday 17 November called on the European Commission and member states to respect the independence of the European Central Bank.
China to push currency reform
China will continue with market-orientated currency reforms while keeping the exchange rate of the yuan basically stable, said Su Ning, a vice-governor of the People's Bank of China on Thursday 17 November.
ECB's Issing on addressing global imbalances
In the speech 'Addressing global imbalances: the role of macroeconomic policy' given on 4 November Otmar Issing of the ECB said structural reforms in Europe and Japan may help to promote growth and resilience and are in the countries' own best domestic…
Norway's Gjedrem on petroleum wealth
In the speech 'The management of petroleum wealth' given on 8 November Svein Gjedrem of Norges Bank said the Petroleum Fund is a very long-term savings plan.
Koizumi vs Fukui trumps Bush vs Greenspan
This article published on Wednesday 16 November says that with each passing day, disagreements with the government over when the Bank of Japan should stop flooding the economy with cash seem to intensify.
Sri Lanka's economy overcomes tsunami setback
The Central Bank of Sri Lanka has released its report on Recent Economic Developments - Highlights of 2005 and Prospects for 2006. The Report highlights the performance of the economy in 2005 and prospects for 2006.
Kansas Fed paper on the FOMC & the great inflation
The Federal Reserve Bank of Kansas City has published a Working Paper by Sharon Kozicki and P.A. Tinsely titled "Perhaps the FOMC did what it said it did: An alternative interpretation of the great inflation".
Bank of England Inflation Report, November 2005
The Bank of England published its November 2005 Inflation Report on 16 November. In the report the Bank said inflation is set to meet the 2.0 percent target in two years.
Bernanke urges action on China currency
Federal Reserve chairman-designate Ben Bernanke has called on China to reform its currency regime in the interests of its own economy.
Senate panel gives Bernanke go ahead as Fed chair
The U.S. Senate Banking Committee on Wednesday 16 November approved the nomination of Ben Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote.
SARB may increase gold reserves
The South African Reserve Bank might increase its gold reserves, its head said Tuesday, but gave few details.
Yosano downplays BOJ criticism
Japan's economic and fiscal policy minister Kaoru Yosano downplayed criticism Tuesday 15 November within the government over the Bank of Japan's plan to explore an end to its ultra-loose monetary policy.
Is cb independence all it's cracked up to be?
The article "Is central bank independence all it's cracked up to be?" written by Joseph Stiglitz and published on Tuesday 15 November says as Alan Greenspan departs, he leaves behind a heavily burdened US economy that is already contributing to global…
Comment: Bold plan for FX reserves
Sometimes unique policy dilemmas require unorthodox policy responses. A recent IMF discussion paper offers a bold suggestion for central banks facing increasingly sharp trade-offs related to the management of their foreign exchange reserves.
US deficits may not require big dollar drop - RBA
A new Reserve Bank of Australia discussion paper suggests that the real exchange rate adjustment required to address the US current account problems may not be as large as is often argued.
'Keep it simple' says Hong Kong's Yam
In a speech at the Global Bond Summit in Hong Kong this week, Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, identified "possible directions to be explored" by the Asian Bond Fund.
IMF central bank governance survey
An IMF survey of governance boards and management structures at central banks by JoAnne Morris and Tonny Lybek identifies "issues to consider when designing the structure, size, and composition of the governing boards and management of a central bank".
Market drives US payment systems - Fed's Olson
In a speech at the First EU/US Retail Banking Forum Conference in Brussels, US Federal Reserve governor Mark W. Olson said the private and public sectors have contributed to a "more efficient national payments system that facilitates greater commerce and…
Fed's Olson on US payment systems
At a EU/U.S. Retail Banking Forum Conference in Brussels on November 15, US Federal Reserve governor, Mark W. Olson, offered some insights into the US payments system.