Speech
New law will improve Bank of Israel, says Fischer
Israel's new central bank law will create a more independent, accountable and transparent institution, according to Stanley Fischer, the governor of the Bank of Israel.
Albania to get regulatory overhaul soon
The Bank of Albania will soon implement rules to lower the risk of financial instability, according to Ardian Fullani, the governor of the central bank.
Monetary policy must put inflation first: Weber
Monetary policy's primary role is to guarantee price stability, said Axel Weber, the president of the Bundesbank.
Discount cut can avoid moral hazard says Mishkin
Reducing the discount window rate does not exacerbate moral hazard so long as two conditions are satisfied, according to Frederic Mishkin, a governor of the Federal Reserve.
Norway's Gjedrem on monetary policy limitations
Monetary policy cannot influence real economic variables such as output and employment in the long run, according to Svein Gjedrem, the governor of the Central Bank of Norway.
Chile's Corbo highlights main risks
Three phenomena threaten economic stability in Chile, according to Vittorio Corbo, the governor of the central bank.
Crisis not yet over - Switzerland's Hildebrand
The subprime crisis that triggered the credit market turbulence is undoubtedly not yet over and further global financial market turbulence is likely to slow down the Swiss economy, said vice-president of the Swiss National Bank Philipp Hildebrand in a…
Liquidity risk is top issue: Luxembourg's Mersch
In the wake of the recent banking crisis, the most important regulatory issue is ensuring that the liquidity risk relating to complex structured products is adequately assessed, according to Yves Mersch, the governor of the Central Bank of Luxembourg.
UK business view used to judge economic impact
Kate Barker, a member of the Bank of England's monetary policy committee, will use business surveys and housing market indicators to judge whether the downside risks to the UK's inflation outlook have increased.
IMF reform needs compromise to succeed: De Rato
Rodrigo de Rato, the outgoing managing director of the International Monetary Fund, stressed that if reform efforts were to be successful, a give-and-take spirit was needed.
Curacao needs reform for an ongoing recovery
Curacao, an island in the Caribbean belonging to the Netherland Antilles, must introduce fiscal and structural reforms if its recent economic recovery is to continue, Emsley Tromp, the governor of the Bank of the Netherlands Antilles, said.
Better tax rules would aid Italian growth: Draghi
Less tax for labour and firms would boost the potential growth rate of the economy, Mario Draghi, the governor of the Bank of Italy, told an audience in Rome.
Educating consumers pays, says Serbia's Jelasic
Financial institutions should be aware that it is in their best medium and long-term interest to make information about their products transparent, accessible and understandable, said Radovan Jelasic, the governor of the National Bank of Serbia.
Headline or core? It's not either-or says Mishkin
Both core and headline measures of inflation have an important role in monetary policy decisions, said Frederic Mishkin, a member of the board of governors at the Federal Reserve.
Jamaica's Latibeaudiere calls for sole regulator
A single supervisory authority would be a more effective way of ensuring financial stability, Derek Latibeaudiere, the governor of the Bank of Jamaica, said.
Japan will weather banking crisis, says Mizuno
There is little chance of the recent banking crisis adversely affecting the Japanese economy according to Atsushi Mizuno, the most hawkish member of the central bank's current rate-setting board.
HK's Choi on Basel II's risk management challenges
Y.K. Choi, the deputy chief executive responsible for banking at the Hong Kong Monetary Authority, spelt out the risk management challenges facing the Asian finance industry in preparing for Basel II.
Too early to call crisis impact: Ireland's Hurley
John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, reviewed the impact of the recent banking crisis on the eurozone.
Tough times ahead for bankers: Norway's Gjedrem
Svein Gjedrem, the governor of the Central Bank of Norway, has predicted a fall in the fortunes of the country's banking industry.
September's cut has helped markets, says Bernanke
Ben Bernanke, the chairman of the Federal Reserve, said that September's 50-basis point cut has alleviated the credit crunch.
Bernanke and Kohn commend monetary policy pioneer
Ben Bernanke, the chairman of the Federal Reserve, and Donald Kohn, the Fed's vice chairman, praised John Taylor, a professor at Stanford University, for his contribution to monetary policy.
Impact of deepening is complex: Italy's Visco
Financial deepening has affected the speed and strength of the monetary policy transmission mechanism, according to Ignazio Visco, a deputy director at the Bank of Italy.
Zoellick wants "inclusive" globalisation
Robert Zoellick, the president of the World Bank, set out his plans for the strategic direction of the Bank on Wednesday to mark his first 100 days in charge.
Kroszner on the role of the Fed
Randall Kroszner, a member of the Federal Reserve's Board of Governors, listed the central bank's responsibilities with regard to monetary policy, supervision and consumer protection in a speech on Thursday.