Central Banking
Russia's c bank allegedly a corruption hotbed
RUSSIA - An independent study released Tuesday warns of alleged deep-reaching roots feeding corruption at the Central Bank.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, President of the Bundesbank. In the speech titled 'Germany as a Financial Centre - European Perspectives for Japanese Markets' Welteke said that the introduction of the euro will not change the overall economic situation…
Bank of England Working Paper Series
RESEARCH - Costs of banking system instability: some empirical evidence by Glenn Hoggarth, Ricardo Reis and Victoria Saporta of the Bank of England.
Speech by Otmar Issing of the ECB
SPEECH - Speech by Professor Otmar Issing, member of the Executive Board of the European Central Bank at the CEPR/ECB Workshop on issues in the measurement of price indices, Frankfurt, 16 November.
Speech by Anne Krueger of the IMF
SPEECH - Address by Anne Krueger, First Deputy Managing Director, International Monetary Fund, given at the National Economists' Club Annual Members' Dinner, American Enterprise Institute, Washington DC, 26 November.
Speech by David Carse of the HKMA
SPEECH - Speech by David Carse, Deputy Chief Executive of the Hong Kong Monetary Authority, 28 November.
French strike threat to euro launch
FRANCE - A leading trade union from the French banking sector is planning to call a strike from 2 January.
Economics guru warns on UK recession
UK - The threat of inflation in the UK is greater than the Bank of England's Monetary Policy Committee thinks, according to one of its nine influential members.
IMF in support of bankruptcy plan
UK - The International Monetary Fund's management has thrown its weight behind a radical plan for an international bankruptcy procedure, allowing indebted governments to seek legal protection from their private sector creditors.
German regulator may follow US
GERMANY - The integration of European capital markets means Germany's securities regulator will need to model itself increasingly on the US Securities and Exchange Commission, according to Georg Wittich, the German authority's chairman.
Thailand may sue ex-central bank chief
THAILAND - Thailand's public prosecutor has recommended suing Rerngchai Marakanond, former central bank governor, for $1.6m ( £1.1m) for exhausting the country's foreign currency reserves in a failed defence of the baht, the trigger for the 1997 Asian…
Shanghai opens gold exchange
CHINA - China's gold markets will reach a milestone today with the low-key opening of a new exchange in Shanghai to trade the precious metal, which has been controlled by a rigid state monopoly for more than five decades.
Japan's bond market gets the jitters over debt
JAPAN - The Japanese government bond market was hit by a new bout of jitters on Monday as concern rose that the country's debt could soon be downgraded again - and signs emerged that Japanese banks were selling more JGBs.
Buba Welteke: Euro undervalued, dollar overvalued
JAPAN- Deutsche Bundesbank President Ernst Welteke said Wednesday that while foreign exchange rates are decided by the market, the euro is undervalued against the dollar.
Argentine central bank moves to cap interest rates
ARGENTINA - Argentina's Central Bank has entered potentially dangerous new territory this week, trying to impose ceilings on the interest rates banks pay depositors.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, Prasident der Deutschen Bundesbank delivered to the Japanese Bankers' Association in Tokyo, 28 November.
Speech by Deputy Governor of the Bank of England
SPEECH - Speech by Mervyn King, Deputy Governor of the Bank of England to the annual dinner of the CBI North East Region in Newcastle upon Tyne on 22 November.
ECB may see rotating scheme with new members
GERMANY - The European Central Bank's policy making council might opt for a system similar to that of the U.S. Federal Reserve once the single currency area expands, ECB President Wim Duisenberg said on Friday 23 November.
Speech by the Governor of Austria's central bank
SPEECH - Luncheon speech by Klaus Liebscher Governor of the Oesterreichische Nationalbank, at the East-West-Conference, Vienna, 6 November.
Bank of England Working Paper Series
RESEARCH - Does it pay to be transparent? International evidence from central bank forecasts by Georgios Chortareas, David Stasavage and Gabriel Stern of the Bank of England.
Speech by Wim Duisenberg, President of the ECB
SPEECH - Speech by Dr. Willem F. Duisenberg, President of the European Central Bank, at the Frankfurt European Banking Congress, at the Alte Oper in Frankfurt, 23 November.
Bank of England HM government gold auction result
NEWS RELEASE - The Bank of England announces that the gold on offer (approximately 20 tonnes or 643,200 ounces) has been allotted in full at a price of $273.50 per ounce. Details of the result are as follows.
BoE King - UK recession unlikely, more growth seen
UK - A recession in Britain is not the most likely result of the current global economic slowdown and the country should enjoy continued growth, albeit at a slower pace, Bank of England Deputy Governor Mervyn King said on Thursday 22 November in a speech.
US in recession since March, panel confirms
US - The struggling U.S. economy slipped into a recession in March, snapping a record 10-year-long expansion on its anniversary date, a panel of economists that dates U.S. business cycles said on Monday.