Speech
Bernanke on money, gold, and the Great Depression
In the speech 'Money, Gold, and the Great Depression' given on 2 March Ben Bernanke of the Federal Reserve said that research into the global spread of the Great Depression adds to the view that policy errors fostered the devastating economic downturn.
RBA's Edey on economic issues in 2004
In the speech 'Economic Issues in 2004' given on 3 March Malcolm Edey of the Reserve Bank of Australia said the Australian economy has generally grown at a pretty good pace over the last few years, despite an unfavourable international climate for much…
Fed's Olson : A regulator's view of banking
In a speech on 'A Regulator's View of Emerging Issues in Community Banking' given on 27 February, Mark Olson of the Federal Reserve said that America's small, community banks must watch asset and liability management and take care they don't get caught…
Czech NB's Tma on forecasting
In a speech 'Forecasting at central banks' given on 20 February, Zdenik Tma of the Czech National Bank said the first years of the new regime were not easy, and included frequent numerical target misses. Nevertheless, the Czech Republic enjoys low…
Caruana on the Basel II capital accord
In a speech to the Institute of International Bankers conference in Washington given on 1 March, Jaime Caruana of the Banco de Espaa said the Basel Committee on Banking Supervision is on course to finish its work on the Basel II capital accord by mid…
RBA's Edey on the international economy
In a speech on 'The International Economy' given on 27 February, Malcolm Edey of the Reserve Bank of Australia said the world economy does seem to be recovering after three years of underperformance in the early part of this decade but the outlook is…
Padoa-Schioppa on building on the euro's success
In a speech on 'Building on the euro's success' given on 26 February, Tommaso Padoa-Schioppa of the ECB said the rampant euro proved the eurozone was doing its bit to ease global imbalances and scalded Asia for fixed currency regimes. By operating a peg…
Greenspan on intellectual property rights
In a speech on 'Intellectual property rights' given on 27 February, Alan Greenspan of the Federal Reserve discussed the necessity of protecting property rights in general and cited the American "Wild West" and former Soviet Union as two cases in which a…
Bernanke on euro at five: Ready for a global role?
In a speech on 'Euro at Five: Ready for a Global Role?' given on 26 February, Ben Bernanke of the Federal Reserve said that the euro so far has "posed less of a challenge" to the international dominance of the U.S. dollar than analysts expected when the…
Fed's Bies on the economic outlook
In a speech on 'The Economic Outlook and the State of Household and Business Finances' given on 26 February, Susan Schmidt Bies of the Federal Reserve said that the Fed can afford to wait a while before it must "inevitably" consider raising short-term…
St Louis Fed's Poole on best guesses and surprises
In a speech on 'Best Guesses and Surprises' given on 25 February, William Poole of the Federal Reserve Bank of St. Louis said the low capital levels and large portfolios of government-sponsored mortgage enterprises Freddie Mac and Fannie Mae were a…
Caruana on risk management
In a speech to the 5th Annual Risk Management Convention given on 24 February, Jaime Caruana, Chairman of the Basel Committee, said impressive advances have been achieved in measuring and managing exposures to market risk, credit risk and, more recently,…
Fazio on the international economy and Italy
In a speech on 'The international economy and Italy' given on 14 February, Antonio Fazio of the Bank of Italy said the recovery of the world economy offers Italy an opportunity to overcome the present phase of uncertainty. Capitalizing on the resources…
Fed's Gramlich on budget and trade deficits
In a speech on 'Budget and Trade Deficits: Linked, Both Worrisome in the Long Run, but not Twins' given on 25 February, Edward Gramlich of the Federal Reserve warned that large persistent U.S. budget and trade deficits could lead to "significant economic…
Qualitative aspects of effective risk management
In the a speech on 'Qualitative Aspects of Effective Risk Management' given on 25 February, Susan Schmidt Bies of the Federal Reserve said the recent accounting scandal at Italian business giant Parmalat shows corporate governance issues are global in…
Greenspan: growth vigorous, spending cuts needed
In a speech on 'Economic outlook and current fiscal issues' given on 25 February, Alan Greenspan of the Federal Reserve said the US economy has turned the corner from recession and is on the verge of "sustainable" growth. To ensure that, Congress must…
Tumpel-Gugerell: Central banks in an enlarged EU
In the speech 'Challenges for central banks in an enlarged European Union and euro area' given on 20 February, Gertrude Tumpel-Gugerell of the ECB said a new and changing environment requires new concepts and innovation in the field of central banking.
Papademos on the competition for new ECB premises
In his introductory statement at the Deutsches Architektur Museum given on 20 February, Lucas Papademos of the ECB said the ECB is very satisfied that the results of the international architectural competition have fulfilled its expectations.
Greenspan on Fannie and Freddie
Greenspan today (February 24) called for Congress to appoint a regulator and impose debt ceilings on Fannie Mae and Freddie Mac. Without such action, the rapid growth of these huge agencies was "likely" to cause systemic difficulties.
Greenspan on education and the economy
In a speech on 'The critical role of education in the nation's economy' given on 20 February, Alan Greenspan of the Federal Reserve said warned against resorting to "protectionist cures" to deal with job losses.
Fed's Bernanke on the great moderation
In a speech on 'The Great Moderation' given on 20 February, Ben Bernanke of the Federal Reserve said said the Fed has been successful over years in fostering price stability and he is optimistic for the future because monetary policy-makers will not…
Gjedrem on economic perspectives
In a speech on 'Economic perspectives' given on 19 February, Svein Gjedrem of Norges Bank said a sharp rise in asset prices and debt accumulation may pose a risk to economic stability. With a view to mitigating this risk, it will be appropriate in some…
Bies on Financial Markets and Corporate Governance
In a speech on 'Financial Markets and Corporate Governance' given on 19 February, Susan Schmidt Bies of the Federal Reserve said the world of accounting needs to catch up with the growing sophistication of the world of finance. She urged accounting…
Poole on the state of the U.S. economy
In a speech on 'State of the U.S. Economy' given on 20 February, William Poole of the Federal Reserve Bank of St. Louis said he saw the U.S. economy growing 4 to 5 percent this year and this growth should generate "significant increases" in employment.