Speech
Olson on functional regulation, modernisation
In a speech on 'Functional Regulation and Financial Modernization' given on 22 November, Mark Olson of the Federal Reserve said the American economy's torrid third-quarter growth was spurred by the biggest monetary and fiscal stimulus jolt since World…
Trichet on the ECB's monetary policy strategy
In a speech on 'The ECB's monetary policy strategy after the evaluation and clarification of May 2003' given on 20 November, Jean-Claude Trichet of the ECB said in the field of fiscal policies the arguments in favour of the Stability and Growth Pact are…
Chicago Fed's Moskow on the U.S. Economic Outlook
In a speech on 'U.S. Economic Outlook' given on 20 November, Michael Moskow of the Federal Reserve Bank of Chicago said he is confident that the US economy has the ability to handle its current challenges and the foundation to enjoy solid growth and…
Barker on UK monetary policy in a changing world
In a speech on 'UK monetary policy in a changing world' given on 20 November, Kate Barker of the Bank of England's Monetary Policy Committee said some of the major risks which face the MPC, and which have made recent decisions very finely-balanced, stem…
Trichet on Europe at the crossroads
In a speech on 'Europe at the crossroads' given on 20 November, Jean-Claude Trichet of the ECB said the euro has become a strong symbol of Europe. It makes the world "identify Europe" and helps Europeans to identify with Europe. I am grateful, Trichet…
Fed's Kohn on inflation targeting
In a speech to the St Louis Fed Inflation Targeting: Prospects and Problems Conference given on 17 October, Donald Kohn of the Federal Reserve said he believes that those who propose changes from a good system have a high burden of proof. The marginal…
Parry: Role of the Federal Reserve in the economy
In a speech on 'The Role of the Federal Reserve in the Economy' given on 18 November, Robert Parry of the Federal Reserve Bank of San Francisco said it looks as if after a couple of years of sluggish performance the US economy mayhave finally found its…
Fed's Greenspan on the current account deficit
In a speech given on 20 November, Alan Greenspan of the Federal Reserve said should globalization be allowed to proceed and thereby create an ever more flexible international financial system, history suggests that current imbalances will be defused with…
ECB's Papademos on European monetary policy
In a speech on 'Challenges for monetary policy in Europe' given on 13 November, Lucas Papademos of the ECB quoted from the American writer Joshua J. Marine: "Challenges are what makes life interesting; overcoming them is what makes life meaningful." In…
Richmond Fed's Broaddus: Macroeconomic Principles
In a speech on 'Macroeconomic Principles and Monetary Policy' given on 14 November, J. Alfred Broaddus, Jr. of the Federal Reserve Bank of Richmond said that while carefully monitoring incoming data and the evolution of the near-term outlook for the…
Philadelphia Fed's Santomero on monetary policy
In ae speech on 'Monetary Policy: Stability Through Change' given on 18 November, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the current economic recovery appears to be gaining traction. "I look forward to self-sustaining economic…
BOC's Longworth on Inflation Targeting
In a speech 'Economic Literacy, Inflation Targeting, and Medium-Term Planning' given on 13 November, David Longworth of the Bank of Canada discusses the relationship between better economic education and a stronger economy and how an understanding of…
Fed's Ferguson on regulatory capital
In a speech on 'The Proposed U.S. Approach to Regulatory Capital: An Update' given on 13 November, Roger Ferguson of the Federal Reserve said he considers the recent decisions reached by the Basel Committee to be a very good example of how supportable…
Canada's Dodge on Challenges and Opportunities
In a speech on 'Global Challenges, Canadian Opportunities' given on 17 November, David Dodge of the Bank of Canada said Canada has focused too much attention for too long on trade with the United States and now must look beyond North America for future…
Moskow on communicating U.S. monetary policy
In a speech on 'Formulating and Communicating U.S. Monetary Policy' given on 13 November, Michael Moskow of the Federal Reserve Bank of Chicago said despite all of our econometric models and equations, monetary policy is still more of an art than a…
Caruana: Challenges for European monetary policy
In a speech on 'The European monetary policy: main challenges in the current environment' given on 13 November, Jaime Caruana of the Bank of Spain said the New Accord, the so-called Basel II, is based on three pillars: risk-sensitive minimum capital…
BoE's Large on financial stability
In a speech on 'Financial Stability: Maintaining Confidence in a Complex World' given on 17 November, Andrew Large of the Bank of England said he echoed the views expressed recently by Callum McCarthy, in his speech to the European Policy Forum. The FSAP…
On the record
Central Banking reproduces a text of a speech made by Mervyn King, governor of the Bank of England, at the East Midlands Development Agency/Bank of England dinner in Leicester October 14.
ECB's Solans on changeover to the euro currency
In a speech on 'The changeover to the euro currency' given on 13 November, Eugenio Domingo Solans of the ECB said based on the positive experience we have so far made with the euro and its smooth introduction, we can be confident that we will cope with…
Bundesbank's Remsperger on economic policy making
In a speech on 'Current challenges facing economic policy-makers' given on 3 November, Hermann Remsperger of the Deutsche Bundesbank said given the adjustments at the enterprise level, the urgently required reforms in the labour market and fiscal and…
RBA's Macfarlane: Economic opportunities and risks
In a speech on 'Economic Opportunities and Risks over the Coming Decades', given on 13 November I.J. Macfarlane of the Reserve Bank of Australia said over any measure, say, 20 years, 10 years or even five years, Asia is the fastest growing region in the…
Fed's Ferguson on Basel II updates
In a speech on 'The Proposed U.S. Approach to Regulatory Capital: An Update', given on 13 November Roger Ferguson of the Federal Reserve said we do not expect to slacken the high standards expected of banks operating under the advanced approaches for…
Fukui on the Japanese economy and Asia
In a speech on 'The Japanese Economy and Asia' given on 26 September, Toshihiko Fukui of the Bank of Japan said there is an increasing probability that the Bank's standard scenario released in April, a virtuous cycle of recovery in which an increase in…
Tumpel-Gugerell: Institutions in Financial System
In the speech 'The Role of Institutions in the Financial System' given on 11 November Gertrude Tumpel-Gugerell of the ECB said an integrated European supervisory framework enhances the ability to react quickly, effectively and more transparently to any…