Speech
Ireland's Hurley on monetary and financial issues
In a speech on 'The monetary and financial environment in the euro area' given on 11 April, John Hurley of the Central Bank of Ireland said that recent data suggests the euro area's economy is unlikely to strengthen soon.
Hildebrand on lessons from the SNB's gold sales
In a speech on 'SNB gold sales - Lessons and experiences' given on 5 May, Philipp Hildebrand of the Swiss National Bank said the Swiss National Bank completed its gold selling program of 1300 tonnes on March 30, 2005. Before these sales, Switzerland's…
Dodge on the Canadian economy and economic forces
In a speech on 'The Canadian Economy: Adjusting to Global Economic Forces' given on 6 May, David Dodge of the Bank of Canada said Canada's economy is adjusting to powerful forces at work in the global economy, including the emergence of China and India…
RBA on payments system reform in Australia
In a speech on 'Payments System Reform: The Australian Experience' given on 6 May, Philip Lowe and Ian Macfarlane of the RBA said it is fair to say that having specific payment system legislation with responsibility assigned to the central bank has led…
IMF's Krueger on trade policy and global insertion
In a speech on 'Trade policy and the strategy for global insertion' given on 19 April, Anne Krueger of the IMF said Latin America, like most parts of the world, is currently experiencing more buoyant growth than it has seen for some time.
Chicago Fed's Moskow on bank competition
In a speech given on 5 May Michael Moskow of the Federal Reserve Bank of Chicago said borrowers have benefited from an erosion of banks' traditional information advantages and wider competition in financial services.
SNB's Hildebrand on the EU economic recovery
In a speech on 'The EU economic recovery: why is it so slow?' given on 21 April, Philipp Hildebrand of the Swiss National Bank said real GDP growth in the US has consistently outperformed growth in the European Union since the 80s. Besides cyclical and…
Romania's Isarescu on inflation targeting
In a speech on 'Inflation targeting - international experience and Romania's prospects' given on 30 March (published 26 April), Mugur Isarescu of the National Bank of Romania said Romania is in a good position to pursue disinflation by adopting an…
Greenspan on risk transfer and financial stability
In a speech on 'Risk transfer and financial stability' given on 5 May, Alan Greenspan of the Federal Reserve said the huge mortgage holdings of home finance giants Fannie Mae and Freddie Mac pose risks to the liquidity of the derivatives market where…
Fischer on Israel's economy and challenges ahead
In the speech 'A brief look at Israel's economy and the challenges ahead' given on 1 May, Stanley Fischer of the Bank of Israel said the right economic policy is essential for the economy's ability to grow rapidly. There are, however, other factors…
Thailand's Nijathaworn on developing bond market
In a speech on 'Developing the bond market - a central bank perspective' given on 29 March (published 28 April), Bandid Nijathaworn of the Bank of Thailand said we have been tasked with the responsibility to develop an active secondary market. The Bank…
Denmark's Andersen on the global economy
In a speech given on 28 April, Bodil Nyboe Andersen of Danmarks Nationalbank said the global economy is generally in a period of strong growth - at a rate of 5.1 per cent in 2004. However, this may not completely match the picture painted by the media.
Norway's Gjedrem: Business cycles, monetary policy
In a speech 'On business cycles, monetary policy and property markets' given on 26 April, Svein Gjedrem of Norges Bank said the Norwegian economy is growing at a solid pace and there are prospects that growth will remain high.
ECB's Issing on EU and euro zone enlargement
In a speech on 'The enlargement of the EU and the euro zone' given on 27 April Otmar Issing of the ECB said the main question for the new Member States is how to achieve fast catching up to the old Member States.
Norway's Bergo on business cycles, monetary policy
In a speech on 'Business cycles and monetary policy' given on 21 April, Jarle Bergo of Norges Bank said the Norwegian economy is growing at a solid pace and there are prospects that growth will remain high.
Bundesbank's Meister on Basel II
In a speech on 'The supervisory implications of Basel II' given on 20 April, Edgar Meister of the Deutsche Bundesbank said that a common goal that finance ministries, central banks and supervisory authorities are sharing is to enhance the stability of…
Fed's Roseman on developments in payment systems
In testimony on 'Recent developments in the payments system' given on 20 April, Louise Roseman of the Federal Reserve said the payments system in the United States is continuing to change and become increasingly efficient. However, the shift away from…
Fed's Ferguson on central banking in the US
In a speech on 'The evolution of central banking in the United States' given on 27 April, Roger Ferguson of the Federal Reserve said that central banking practice adapts over time as markets evolve and this had been the Fed's experience and would likely…
BOJ's Fukui on the bank's Semiannual Report
In a speech given on 31 March (published 22 April), Toshihiko Fukui of the Bank of Japan said that although Japan's economy is at a pause, it is expected to continue recovering with the further expansion of overseas economies and progress in adjustment…
Trichet on the euro: One currency, one market
In a speechon 'The euro: one currency, one financial market' given on 19 April, Jean-Claude Trichet of the ECB said that inflation expectations for the dozen countries that use the euro are in line with the ECB's goal of keeping consumer price increases…
Fed's Ferguson on the US current account deficit
In the speech 'U.S. current account deficit: Causes and consequences' given on 20 April, Roger Ferguson of the Federal Reserve said that America's current account deficit does not mean the world economy is doomed because its root is likely the…
Fed's Kohn on imbalances in the US economy
In a speech on 'Imbalances in the US economy' given on 22 April, Donald Kohn of the Federal Reserve said the central bank would likely keep pushing US interest rates up at a "measured pace" to keep inflation under control.
ECB's Tumpel-Gugerell on payment systems
In a speech on 'The need for regulatory involvement in the evolution of payment systems' given on 25 April Gertrude Tumpel-Gugerell of the ECB said euro zone banks are moving too slowly on the integration of payment systems, which would allow consumers…
Fed's Gramlich on growing retirement costs
In the speech 'A first step in dealing with growing retirement costs' given on 21 April, Edward Gramlich of the Federal Reserve said the United States should remove a cap on wages subject to the Social Security payroll tax and raise the retirement age to…