Central Banking
BIS's White on economic and financial statistics
In the speech 'Economic and financial statistics: a glass half full or half empty?' given on 9 September, William White of the BIS said statisticians would make a material contribution to global well-being if they would sometimes remind their economist…
Caruana: Making diligent preparations for Basel II
In the speech 'Making diligent preparations for Basel II' given on 22 September, Jaime Caruana of the Bank of Spain said challenging work remains ahead to ready our banks, to build our skills as supervisors, and to promote greater transparency in our…
The U.S. new Keynesian Phillips curve
The authors of this Bank of Canada Working Paper examine the evidence that the inflation dynamics in the United States can be well-described by the New Keynesian Phillips curve (NKPC). They find that the empirical evidence for the real marginal cost is…
Fukui on the state of Japan's economy
In a speech given on 2 September Toshihiko Fukui of the Bank of Japan said that the positive impact of the current easy monetary policy on economic activity is strengthening as the economy recovers. As the economic recovery raises the expected rate of…
Safer, smarter, US $50 bill issued
Newly redesigned $50 notes arrive at banks beginning Tuesday 28 September ready to make their way into circulation and consumer wallets. Today marks the day the Federal Reserve System distributes the new note to banks and thus into the public's hands.
Fukui: Japan's economy is doing well
The Japanese economy is doing well, although it is still in an adjustment phase toward self-sustaining growth, Bank of Japan Governor Toshihiko Fukui said on Monday 27 September.
China predicts economy growing 8-9 pct in 2004
China's economy is on track to grow between 8 and 9 percent in 2004 despite government cooling measures, Yao Jingyuan, spokesman for the National Bureau of Statistics, was quoted today (28 September) as saying.
ECB member warns on oil price impact to growth
European Central Bank governing council member Vitor Constancio warned on Tuesday 28 September that high oil prices have not yet hurt global economic growth rates and inflation but the risks of a negative impact on both are real.
Tanigaki says Japan able to withstand oil impact
Japanese Finance Minister Sadakazu Tanigaki, who was re-appointed on Monday 27 September in a reshuffle, has expressed confidence that Japan's economic recovery will not be impacted much by surging global oil prices.
Interview with Callum McCarthy of the FSA
Callum McCarthy is now one year into his new role as chairman of the UK Financial Services Authority. CentralBankNet's Monday Special brings readers his thoughts on the FSA's enforcement policy, on the impact of international accounting standards and on…
Trichet on prospects for the European economy
In a speech on 'European economy: current state and prospects' given on 23 September, Jean-Claude Trichet of the ECB said in the absence of fiscal discipline, price stability can only be maintained at a higher cost in terms of interest rates.
Sweden's Persson on Basel II and SMEs
On Thursday 23 September, Sveriges Riksbank Deputy Governor Kristina Persson gave a speech titled "Banking and regional development" at a research conference in Stockholm, organised by the Goran Collert Foundation. The subjects discussed included Basel…
Bank of England Quarterly Bulletin, Autumn 2004
The Bank of England released its Quarterly Bulletin Autumn 2004, on 24 September. Declines in UK house prices may have a smaller impact on consumer spending than in the 1980s, even after households racked up more than a trillion pounds of debt ($1.8…
After the EU Financial Services Action Plan
A joint document by HM Treasury, the Financial Services Authority and the Bank of England "EU Financial Services Action Plan: UK Response to the Reports of the Four Independent Experts Groups, September 2004" was published on 24 September.
HKMA promotes public awareness of new banknotes
The Hong Kong Monetary Authority (HKMA) said on Monday 27 September that its education campaign on the new series banknotes is making good progress. The main aim of the campaign is to promote public awareness of the security features of the remaining…
ECB's Papademos sees faster eurozone growth
European Central Bank Vice President Lucas Papademos said at the weekend that economic growth in the dozen euro member countries may be faster in coming quarters than has previously been forecast.
Ex-BOJ official says G7 to share views with China
The Group of Seven major economies are likely to seek to share views on the world economy with China in a financial meeting later this week rather than to negotiate on any specific issues, a former Bank of Japan executive has said.
3rd SEACEN payment systems meeting ends
The 3rd Meeting of Southeast Asian Central Bank (SEACEN), Directors of Payment and Settlement System and the 3rd SEACEN-CPSS course on `Payment and Settlement for Emerging Economies' ended with a dinner at The Empire Hotel and Country Club in Brunei last…
Ireland's cb admit sflaw in housing model
The Central Bank of Ireland has admitted that the housing model used to produce its first financial stability report last week is flawed. Reports said the current model does not take adequate account of the effect on lenders of a shock to the Irish…
Former governors to give evidence in BCCI case
The Bank of England will call on former governors as it resumes the defence of its role in the collapse of the Bank of Credit and Commerce International.
Corruption allegations against Zimbabwe's Gono
The Reserve Bank of Zimbabwe has been rocked by allegations of corruption with reports that the Governor, Gideon Gono, has been personally recruiting staff without advertising vacant positions, ZWNews reported this week.
Euromoney award goes to Argentina's Prat-Gay
At the IMF/World Bank meetings in Washington on October 3, Euromoney will present its central bank governor of the year award for 2004 to Alfonso Prat-Gay of Argentina. Request a free trial to view this article from Euromoney's September issue.
BOK sees salaries soar
The Bank of Korea said in a report to the National Assembly that average annual salary has jumped by 46 percent in the last four years.
Bomb threat at SARB
The South African Reserve Bank's head office received a telephoned bomb threat from an anonymous caller between 12 and 12.30 on Friday 17 September, but national payment systems and market operations were not affected.