Speech
Caruana on contemporary issues in credit risk
In the speech 'Contemporary issues in credit risk' given on 27 October Jaime Caruana of the Bank of Spain said adopting a more risk-sensitive treatment of credit risk will require significant work by all of us. What we learn about the factors driving…
Chicago Fed's Moskow on U.S. Monetary Policy
In the speech 'U.S. Monetary Policy' given on 10 November Michael Moskow of the Federal Reserve Bank of Chicago said the desirability of a specific inflation target or range has been the subject of public debate among FOMC members. Moskow also said…
Greenspan on the outlook for the US economy
In a speech to the Securities Industry Association annual meeting on 6 November Alan Greenspan of the Federal Reserve said soaring government budget deficits threaten the US economy in the long term and must be brought under control. But striking an…
Fed's Bernanke on the jobless recovery
In the speech 'The Jobless Recovery' given on 6 November Ben Bernanke of the Federal Reserve noted "a few encouraging signs" have appeared that a lengthy jobs slump was easing. "So far these signals of recovery remain tentative; on the basis of the…
Santomero on beliefs in economics, monetary policy
In the speech 'Great Expectations: Beliefs in Economics and Monetary Policy' given on 5 November Anthony Santomero of the Federal Reserve Bank of Philadelphia said he believed the FOMC should seriously consider inflation targeting so as to consolidate…
Fukui-Further enhancing Japan's financial services
In the speech 'Toward the Further Enhancement of Financial Services in Japan' given on 4 November Toshihiko Fukui of the Bank of Japan concluded by saying that, as Japan's efforts to enhance financial services bear fruit, I am confident that there will…
Chicago Fed's Moskow on U.S. Economic Outlook
In the speech 'U.S. Economic Outlook' given on 3 November Michael Moskow of the Federal Reserve Bank of Chicago said the most recent recession proved the adage that there is no such thing as a "typical recession." Despite some periods of slowing, light…
BoC's Dodge on economic education
In the speech 'On Economic Education' given on 3 November David Dodge of the Bank of Canada said given the importance we attach to improving economic and financial literacy in Canada, we will continue to develop educational programs and materials for…
Tumpel-Gugerell: Welcoming the new Member States
In the speech 'Welcoming the new Member States' given on 3 November Gertrude Tumpel-Gugerell of the ECB said that the first few years of enlargement will be formative years for the European Union and for its Member States. By completing the accession…
Issing on monetary policy in uncharted territory
In the speech 'Monetary policy in uncharted territory' given on 3 November Otmar Issing of the ECB said theoretical insights and central banking experience are both fundamental components of good monetary policy making, but especially so at the time of…
Fukui on the current state of the Japanese economy
In a speech given on 1 October, Toshihiko Fukui of the Bank of Japan said that although it is unprecedented for the central bank to purchase asset-backed securities in that it directly accepts the credit risk pertaining to private-sector debt, the bank…
SARB's Mboweni on African economic integration
In a speech on 'African economic integration' given on 9 October, Tito Mboweni of the South African Reserve Bank said that there is little doubt that there have been major changes in economic policy in many African countries in the recent past. Many of…
ECB's Duisenberg speaks at special ECOFIN dinner
At a special ECOFIN dinner to pay tribute to his leadership on 29 October Wim Duisenberg of the ECB said the challenges for EMU over the next five years are every bit as great as those already faced. I am fortunate enough not to have to deal with them,…
Broaddus on 9/11 and US economic security
In the speech 'Attack at the Economic Heart of America: What 9/11 Taught the United States about Its Economic Security' given on 29 October J. Alfred Broaddus of the Federal Reserve Bank of Richmond said in addition to what it can do to manage a…
Riksbank's Persson on the impact of the euro
In the speech 'The impact of the euro' given on 29 October Kristina Persson of the Sveriges Riksbank said China in the short term should retain its fixed exchange rate until such time as its financial system has undergone more substantial reform, which…
Greenspan on the payments system in transition
In the speech 'The payments system in transition' given on 29 October Alan Greenspan of the Federal Reserve said in the area of electronic payments, there will be a variety of views on the development of services, designs, and infrastructure for the next…
BoJ's Fukui on Restructuring Japan's Economy
In the speech 'Restructuring Japan's Economy' given on 28 October Toshihiko Fukui of the Bank of Japan said financial institutions need to strengthen their risk-taking ability. At the same time, we require a framework in which the optimum allocation of…
Issing: Europe & the US - New paths for the future
In the speech 'Europe and the US: Partners and Competitors - New paths for the future' given on 28 October Otmar Issing of the ECB said we at the European Central Bank are very much aware of our responsibilities in a world characterised by close trade…
Kennedy:Efficiency/transparency in capital markets
In the speech 'Efficiency and Transparency in Canadian Capital Markets' given on 28 October Sheryl Kennedy of the Bank of Canada discusses the importance of promoting efficiency in capital markets, and how transparency can support these efforts. She also…
ECBs Tumpel-Gugerell: euro in cen & eastern Europe
In a speech on 'The euro in central and eastern Europe' given on 27 October, Gertrude Tumpel-Gugerell of the European Central Bank said integration into the monetary union represents a key step towards full economic integration within the EU and has the…
Canada's Jenkins on governance, markets, policy
In a speech on 'Corporate Governance, Capital Markets, and Canadian Monetary Policy' given on 27 October, Paul Jenkins of the Bank of Canada discusses recent efforts to improve the operation and the regulation of Canadian capital markets, in the wake of…
Fed's Bernanke on Friedman's monetary framework
In a speech on Milton Friedman's monetary framework given on 24 October, Ben Bernanke of the Federal Reserve said that one can hardly overstate the influence of Friedman's monetary framework on contemporary monetary theory and practice. He identified the…
RBA's Edey on current issues for global economy
In the speech 'Current Issues for the Global Economy' given on 27 October Malcolm Edey of the Reserve Bank of Australia said recent developments entitle us to be more confident about forecasts of ongoing recovery than was the case a few months ago. Some…
Fed's Connolly on Preparing for Check 21
In a speech on 'Preparing for Check 21' given on 17 October, Paul Connolly of the Federal Reserve Bank of Boston said that the Check 21 legislation is intended to take some of the costs and delays of paper processing and transportation out of the check…