Central Banking
Gonzalez-Paramo on the Stability and Growth Pact
In the speech 'The reform of the Stability and Growth Pact: an assessment' given on 13 October Jose Manuel Gonzalez-Paramo of the ECB said in EMU, fiscal rules are needed to ensure stability, growth and cohesion in the euro area.
G-20 statement following meeting in China
Finance ministers and central bank governors from the G-20 industrial and emerging economies issued a statement on Sunday 16 October after their two-day meeting in the city of Xianghe, south of Beijing, China.
Bank of England deputy governor to step down
The Bank of England announced of Monday 17 October that Sir Andrew Large, Deputy Governor for Financial Stability, is to leave the Bank almost two years early in January next year.
China to introduce intl accounting standards
China will gradually introduce international accounting standard into the state-owned commercial bank sector to encourage ongoing banking reforms, the People's Bank of China said in a statement on its website.
BOJ minutes show support for liquidity cut
Two Bank of Japan Policy Board members suggested that they may support the lowering of the current account balance target in the future, according to minutes released Monday 17 October.
ECB rates still appropriate according to Trichet
ECB President Jean-Claude Trichet said on Sunday 16 October that European Central Bank interest rates were "still appropriate" and that second-round inflationary pressures from oil prices had not developed so far.
RBZ among most disorganised central banks - report
Business Monitor International (BMI) has published a report which raises concern at the high-level of political interference in the operations of the Reserve Bank of Zimbabwe.
Comment: An unexpected change at the BoE
The Bank of England (BoE) on Monday somewhat unexpectedly announced that deputy governor for financial stability, Sir Andrew Large, would be leaving the Bank at the end of the year.
BIS appoints Daniel Lefort as General Counsel
The Board of Directors of the Bank for International Settlements announced the appointment of Daniel Lefort as General Counsel on Tuesday.
Quiz on the Nobel Prize for Economics
Test your knowledge of the Nobel Prize for Economics with this five question quiz. Q1. How many women have won the Nobel Prize for Economics since 1969?
IMF chief congratulates Ingves
Rodrigo de Rato, the Managing Director of the International Monetary Fund, congratulated Stefan Ingves on Tuesday 11 October, currently Director of the IMF's Monetary and Financial Systems Department (MFD), for his appointment as Governor of Sveriges…
Riksbank's Bergstrom decides to step down
Sveriges Riksbank deputy governor Villy Bergstrom announced on Tuesday 11 October his decision to step down, saying his time at the Bank has been the best of his working life.
Riksbank Council on Bergstrom's decision
The Riksbank's General Council thanked Villy Bergstrom for his work at the Riksbank, saying he has played an important part to explain and anchor the Riksbank's role and position in society.
Greenspan's driving ambition
Alan Greenspan's wife revealed this week that the Federal Reserve chairman hasn't driven a car for 18 years.
Central banker named Cricket World Cup director
The West Indies Cricket Board has appointed four new directors to its wholly-owned subsidiary ICC Cricket World Cup West Indies 2007.
Feldstein for the Fed?
While Harvard University economist Martin Feldstein may have the best credentials to succeed Alan Greenspan as Federal Reserve chairman, this article published on Tuesday 11 October notes that he may also have the biggest liabilities.
Somalia's sacked central banker wants job back
Somalia's sacked central bank governor, Dr Mohamud Mohamed Ulusow, has called for international pressure to be put on the transitional government to give him back his job.
New Fed chief could be named in November
With the White House set to choose a successor to Federal Reserve Chairman Alan Greenspan soon, analysts have pencilled in November to mid-December as a likely time window for an announcement.
RBNZ's Bollard on the New Zealand economy
In the speech 'Imbalances in the New Zealand economy' given on 14 October Alan Bollard of the RBNZ said very strong household spending was a common factor in the widening current account deficit and the inflationary pressures facing the New Zealand…
Bank of Japan Monthly Report, October 2005
The Bank of Japan published the English version of its October 2005 monthly report on 14 October. The BOJ left its assessment of the nation's economy unchanged in the report, saying the economy "continues to recover."
Heikensten on monetary policy in Sweden and US
In the speech 'Monetary policy in Sweden and the United States' given on 14 October Lars Heikensten of the Sveriges Riksbank said he expects continued strong growth globally as well as in Sweden, uncertainty on future oil prices and their effects, and an…
RBA's Stevens on Asian financial co-operation
In the speech 'Asian financial co-operation' given on 14 October Glenn Stevens of the RBA said it is unlikely that an Asia-wide exchange rate policy will be adopted anytime soon and consequently the prospect for monetary union in the region was quite…
BOJ must tread carefully in the days ahead
According to this Editorial published on Friday 14 October, the Bank of Japan must take great care when scrapping its easy-money policy. And the central bank's monetary policy should be consistent with the government's efforts to regain fiscal health, it…
Interview with Nobel Prize winner Thomas Schelling
Prof. Thomas Schelling of the University of Maryland was recently awarded the 2005 Nobel Prize in Economics, along with Robert J. Aumann. Schelling was interviewed in the Spring 2005 issue of the Richmond Fed's Region Focus magazine. In the interview, he…