Central Banking
Macfarlane at Business Council of Australia Dinner
In a speech at the Business Council of Australia Annual Dinner given on 8 July Ian Macfarlane of the Reserve Bank of Australia asked why has the Australian economy recently shown much more stable behaviour than the much larger and more diversified US…
Special Exhibition at the Bank of England Museum
This week the Bank of England marks the 250th anniversary of the birth, in 1753, of its renowned architect Sir John Soane with the opening of a special commemorative exhibition in the Bank's Museum, 8 July.
IMF Paper: Central banks and financial stability
An IMF Working Paper titled "Responsibility of Central Banks for Stability in Financial Markets" asks What is the role of central banks in ensuring financial stability? This paper addresses this controversial subject, in part by drawing on the…
IMF Paper: Inflation and central bank independence
The IMF Working Paper "Inflation Performance and Constitutional Central Bank Independence: Evidence From Latin America and the Caribbean" explores the relationship between the constitutional entrenchment of central bank independence and inflation…
GCC Gulf single currency may be 'unrealistic'
An article in the Jordan Times says that the proposed single currency for the Gulf Cooperation Council (GCC) states is unrealistic. Arab Gulf states, it says, lack the maturity, the political and legal stability needed to take such a radical measure and…
Slovak central bank forecasts positive euro effect
The adoption of the euro in Slovakia will mean the realisation of all the positive impacts of the integration on the Slovak economy, the NBS said in a statement, TASR News reported.
National Bank of Slovakia - Annual Report 2002
ANNUAL REPORT - The National Bank of Slovakia has published its Annual Report for the year ended 2002.
Bank of England meets with King and Lomax in place
The Bank of England's interest rate setting MPC began their two day meeting Wednesday. It will be the first time Mervyn King sits on the Committee as governor and the first MPC meeting for Rachel Lomax who takes over from King as the new deputy governor…
Guts needed to take top job at the IMF
An ill timed joke apparently prevented war-time president of the BIS, JW Beyen, from becoming managing director of the IMF, the Financial Times reports.
Central Bank of Burundi hit by rebels gun fire
Burundian rebels fighting in the capital Bujumbura have hit the central bank with shells, Radio Burundi reported.
Italy won't try to change euro pact rules - Solbes
EU economics commissioner Pedro Solbes said in an interview that Italy will not attempt to change the strict rules underpinning the stability and growth pact during its six-month presidency of the European Union, Associated Press said.
Shiokawa says he, Fukui aren't worried about bonds
Speaking in Tokyo Wednesday after a meeting with Bank of Japan Governor Toshihiko Fukui, Finance Minister Masajuro Shiokawa said he agreed with Fukui that there is not much concern that long-term rates have risen a little bit, Bloomberg reported.
Reserve Bank of India boss may leave for politics
Reserve Bank of India governor Bimal Jalan is likely to leave his post in the next few weeks for a seat in parliament, Reuters reported a banking source as saying.
Gunmen attack Iraq central bank governor
The acting governor of the central bank of Iraq Faleh Daud Salman escaped unhurt on Monday after the car he was travelling in was fired on, The Australian reports. Two passengers in the car were wounded however, the report added. But a separate report…
A twenty-first century BIS
73 years on and the world's oldest international financial organisationwith it, the BIS is alive and well. As usual, a swarm of central bankgovernors great and small descended on Basel last weekend to participate inthe BIS annual meetings.
King assumes his throne
The long-awaited moment has arrived: Mervyn King has moved into EddieGeorge's offices on Threadneedle Street, now that he has been baptised asgovernor of the Bank of England.
Dogfighting over the ECB
The European League for Economic Cooperation (ELEC) has issued aresolution betraying unease that appointments to the ECBexecutive board could degenerate into a more or less continuous politicaldogfight.
Reserve Bank of New Zealand Bulletin, June 2003
The Reserve Bank of New Zealand published its quarterly Bulletin for June 2003 on 8 July. The first article is the Reserve Bank's annual review of the banking system. It looks at the financial condition and performance of registered banks and…
Stand-off in Bulgaria
The mess in the ECB appointment process also needs to be cleared up to set anexample to other countries as to how these things should be done. Bulgaria might have benefited from this.
A lean machine
The central bank in Ghana is cutting back its staff drastically. Some central banks in the Eurosystem will be jealous.
Padoa-Schioppa-Central banks & financial stability
In the speech 'Central banks and financial stability' given on 7 July Tommaso Padoa-Schioppa of the ECB said the conceptual framework for financial stability analysis, unlike that of monetary stability, is still being developed. Further work in this area…
IMF's Krueger welcomes Iraq's new banknotes
Anne Krueger of the IMF on Monday welcomed plans to introduce a new issue of banknotes in Iraq. She commented that "the availability of an adequate supply of domestic currency, one that is both secure and includes appropriate denominations to facilitate…
Sanusi - CBN's standpoint on anti-money laundering
In the speech 'Central Bank of Nigeria's standpoint of anti-money laundering compliance' Joseph Sanusi of the Central Bank of Nigeria said the CBN will continue to ensure compliance with the FATF guidelines, in addition to other domestic laws on money…
A double bubble of the Fed's own making
This article suggests that the Fed's decision to reduce interest rates by only a quarter point misled markets and casts doubt on the Federal Reserve's reputation as a "paragon of virtue" and undermined the popular myth that it is Mr Duisenberg and the…