Speech
IMF's Rajan on global current account imbalances
In a speech on 'Global current account imbalances: Hard landing or soft landing' given on 15 March, Raghuram Rajan of the IMF said foreign private investors are more important than central banks in funding the United States current account deficit.
Venner on issues of concern to the ECCB
In a speech on 'Issues of concern to the ECCB and the Caribbean region as a whole' given on 5 March, K Dwight Venner of the ECCB said in assessing the situation both domestically and internationally the ECCB has identified two major objectives which are…
Israel's Sokoler on a new central bank law
In the speech 'The time has come for a new Bank of Israel law' given on 17 March, Meir Sokoler of the Bank of Israel said with regard to a monetary council, the Bank of Israel is in favour of the establishment of such a body that would make decisions on…
Trichet on integration in the enlarged Europe
In a speech on 'The challenges of economic and financial integration in the enlarged Europe' given on 9 April, Jean-Claude Trichet of the ECB said new European Union members should curb budget deficits not only to fulfil criteria needed to join the euro…
Liebscher: Austria after 10 years of EU membership
In a speech on 'Austria after 10 years of EU membership - a review from a central banking perspective' given on 1 April, Klaus Liebscher of the Austrian National Bank said the country's EU entry and its participation in the currency union have "shaped"…
Bollard on bank regulation and supervision in NZ
In a speech on 'Bank regulation and supervision in New Zealand: recent and ongoing developments' given on 23 March, Alan Bollard of the Reserve Bank of New Zealand said a major shock to the Australian economy or the mismanagement of a major Australian…
France's Noyer on the euro, a stabilizing factor
In a speech on 'The euro, a stabilizing factor at home and abroad' given on 21 March Christian Noyer of the Bank of France said that in contrast to the domestic role of a currency, which is strongly determined by institutions, the international role of a…
Fed's Greenspan on consumer finance
In a speech on 'Consumer finance' given on 8 April, Alan Greenspan of the Federal Reserve said the success of financial services industries in expanding credit availability has significantly helped the U.S. economy.
Spain's Caruana at the IIF Spring Meeting
In a speech given on 1 April Jaime Caruana of the Bank of Spain defended the European Commission's efforts to remove internal barriers to consolidation in the continent's financial sector.
St Louis Fed's Poole on current account balances
In the speech 'A perspective on the graying population and current account balances' given on 8 March William Poole of the Federal Reserve Bank of St. Louis said aging populations and shrinking workforces in Japan and Europe may help reduce the U.S…
Philadelphia's Santomero on making monetary policy
In the speech 'Making monetary policy: What do we know and when do we know it?' given on 7 April Anthony Santomero of the Philadelphia Fed said economic data tend to be imprecise and therefore it makes sense for the Federal Reserve to act cautiously.
RBA's Stevens on statistical need of central banks
In the speech 'The changing statistical needs of central banks' given on 8 April Glenn Stevens of the Reserve Bank of Australia said central banks have long been intense users of statistics. However, the statistical needs and interests of central banks…
NY's Geithner: Perspectives on US monetary policy
In the speech 'Perspectives on U.S. monetary policy' given on 1 April Timothy Geithner of the Federal Reserve Bank of New York said the actions of individual chairmen have been very important in the history of the Fed.
Fullani on central banking in time of integration
In the speech 'Central banking in the time of integration' given on 25 March Ardian Fullani of the Bank of Albania summarises the numerous papers presented during the two days of the Fifth Conference of the Bank of Albania.
IMF's Rato on sustaining global growth & stability
In the speech 'Sustaining global growth and stability-The role of the IMF' given on 6 April Rodrigo Rato of the IMF warned that the poor state of US finances combined with rising interest rates and high oil prices are a threat to global growth.
Fukuma on recent economic developments in Japan
In the speech 'Recent economic and financial developments in Japan' given on 24 February (published 29 March) Toshikatsu Fukuma of the Bank of Japan said the central bank should maintain the current target of 30-35 trln yen at least until April, when the…
NY Fed's Baxter on Islamic financial services
Speaking at the Seminar on legal issues in the Islamic financial services industry in Kuwait City in March, Thomas Baxter of the New York Fed said U.S. financial institutions are beginning to recognise the importance of the Islamic financial market.
Sweden's Heikensten on the economic outlook
In a speech on current monetary policy Sveriges Riksbank governor Lars Heikensten said on 4 April growth is expected to be around three per cent a year, higher than what the economy is deemed capable of sustaining in the long run.
Fed's Greenspan on energy
In the speech 'Energy' given on 5 April Alan Greenspan of the Federal Reserve said market forces could lead to a big enough increase in crude oil inventories to cool the recent "frenzy" that has sent prices to record highs.
IMF's Rato on capital markets in a global economy
In the speech 'Capital markets in a global economy - Recent developments' given on 1 April Rodrigo de Rato of the IMF said "a continued measured withdrawal of stimulus remains appropriate" on US monetary policy.
Serbia's Jelasic on the anniversary of the NBS
In the speech '121-year anniversary of the National Bank of Serbia' given on 16 March Radovan Jelasic of the National Bank of Serbia said the NBS does not need either IMF or the World Bank to "propel" it, as these institutions are real partners rather…
Sweden's Srejber on asset prices, inflation target
Speaking at a seminar at the Swedish Royal Institute of Technology on 16 March first deputy governor Eva Srejber of the Sveriges Riksbank said it is now more than ten years since the Riksbank adopted an explicit inflation target and the policy has been…
Fed's Bies on the Bank Secrecy Act and Basel II
In the speech 'Home Mortgage Disclosure Act, Bank Secrecy Act, and Capital Issues' given on 31 March Susan Schmidt Bies of the Federal Reserve said U.S. regulators are very sensitive to the competitive implications of having two sets of rules for the…
Muto on Japan's payment and settlement systems
In the speech 'Japan's payment and settlement systems and the Bank of Japan' given on 3 December (published 24 March) Toshiro Muto of the Bank of Japan said generally, reform of payment and settlement systems in any country does not happen until it…