Central Banking
ECB's Gonzalez-Paramo on European Monetary Union
In the speech 'European Monetary Union. Where do we stand?' given on 13 July Jose Manuel Gonzalez-Paramo of the ECB said judging from the experience to date, the euro currency has been an unquestionable success - euro area price stability being the best…
RBI's Leeladhar on risk management
In the speech 'Regulation and risk management: Implementing Basel II' given on 9 July, Shri V Leeladhar of the Reserve Bank of India said that the future of the Indian banking industry belonged to a small number of large banks and not to a large number…
Bank of France live with central banking platform
Trema, a provider of treasury and asset management software for global corporations and financial institutions, announced on Thursday 14 July that the Banque de France is now live with Trema's central banking solution.
RBI: Global uncertainities higher than estimates
Y V Reddy, Governor of Reserve Bank of India, said on Thursday 14 July that global economic uncertainities had surpassed earlier estimates, but maintained that the central bank would stick to the "basic projections" until the review of monetary policy.
Zeti says ringgit peg not deterring investment
The Malaysian ringgit's fixed exchange rate system has not discouraged European countries from investing in the country nor curbed growth in trade, central bank governor Zeti Akhtar Aziz said.
BoE's Barker says inflation hike not a big worry
Bank of England monetary policymaker Kate Barker said on Wednesday 13 July that the central bank is not overly worried by a jump in inflation to a seven-year high in June.
ECB's Issing says oil clouding inflation outlook
European Central Bank chief economist Otmar Issing has said the inflation outlook for the euro zone has deteriorated in the past month.
Good/bad deflation and Japanese economic recovery
The Discussion Paper "Good deflation/bad deflation and Japanese economic recovery" says economic history suggests that technological progress can go hand in hand with general deflation. It finds that short-run shocks to Japan's relative price structure…
Monetary policy during Japan's lost decade
This University of Tokyo Discussion Paper published May 2005 develops a quantitative costly price adjustment model with capital formation for the Japanese Economy.
Eastern Caribbean Central Bank-Annual Report 04/05
The liberalisation of trade regimes on a global, regional and bilateral basis has resulted in substantial changes in trading arrangements and economic costs as well as benefits, the report said.
RBI's Leeladhar on challenges in banking security
In the speech 'Challenges in banking security' given on 22 June, Shri V Leeladhar of the Reserve Bank of India said that most cyber crimes in the financial sector involved an insider element of the institution concerned.
Past and future of central bank cooperation
The Bank for International Settlements published papers on Tuesday 12 July from its Conference "Past and future of central bank cooperation" celebrating 75 years of the BIS, 1930 - 2005, held in Basel, Switzerland, 27-29 June.
Bernanke sees 'healthy and sustainable' US growth
In his first speech as chairman of the Council of Economic Advisers on Tuesday 12 July, Ben Bernanke presented an upbeat outlook for the US economy.
UK's Brown expects ECB inflation target debate
UK chancellor Gordon Brown, whose country currently holds the rotating EU presidency, told the European Parliament that debate over the European Central Bank's inflation target is to be expected.
Bank Negara and EC to organise Asean-EU conference
Bank Negara Malaysia and the European Commission (EC) are jointly organising a conference titled "Expanding Asean-EU Economic Links - The role of Euro" to be held in Kuala Lumpur from 13 July to 15 July.
EC's Juncker says euro growth to miss target
European finance ministers have said economic growth in the euro region will not meet official forecasts in 2005 as oil prices stay close to a record, consumer confidence stagnates and Italy struggles with recession.
BOJ upgrades economic assessment
The Bank of Japan slightly upgraded its assessment of the economy on Wednesday 13 July at the conclusion of its monetary policy meeting, saying that the recovery remains on track.
Reserve Bank of Australia 2005 Conference
This year's RBA conference focused on various issues related to the changing nature of the business cycle, including: the changes that have occurred over recent decades; possible explanations for those changes; international linkages; and the impact of…
Central bankers stand on the front line
This article looks at the response of central banks to terrorist attacks. It says that an interest rate cut by the Bank of England last week when the chaos was at its peak, might have added to the sense of panic.
Paper on bank supervision Russian style
The Working Paper "Bank supervision Russian style: Rules vs enforcement and tacit objectives" from Ghent University published May 2005 focuses on the conflict between two central bank objectives, namely individual bank stability and systemic stability.
Central Bank of Egypt - Annual Report 2003-2004
The Central Bank of Egypt has published its Annual Report for the year 2003-2004. The domestic economy has headed towards improvement during FY 2003/2004, according to the report.
Bank of Canada keeps interest rates at 2.5%
The Bank of Canada announced on Tuesday 12 July that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.
Noyer says 'market model' has lessons for France
The Scandinavian economic model, combining market flexibility with a high degree of social protection, "is full of lessons for countries such as France, Germany and Italy", said Bank of France governor Christian Noyer in an interview.
Garganas says ECB may hike inflation forecast
"The oil price increases in recent weeks imply some upward revision to the main scenario for inflation," said Garganas, who is also the governor of the Bank of Greece, in an interview in Athens with Bloomberg.