Speech
Ishrat Husain on the banks' write-off
In the speech 'An Analysis of the Banks' Write-off (1999-2003)' given on 26 July, Dr Ishrat Husain of the State Bank of Pakistan devoted his remarks to addressing the question of write-offs by Public Sector Banks/Development Finance Institutions (DFIs)…
Atlanta Fed's Guynn on the economic outlook
In a speech on 'The Economic Outlook: Building Momentum on the Road to Stronger Growth', given on 31 July, Jack Guynn of the Federal Reserve Bank of Atlanta said that as far as he can see, it looks like the road to stronger growth is opening up, and it's…
Testimony on National credit reporting system
In testimony on the 'National credit reporting system' given on 29 July, Dolores Smith, Director of the Division of Consumer and Community Affairs, said the Committee is to be commended for undertaking an examination of the Fair Credit Reporting Act and…
Chicago Fed's Moskow on U.S. Economic Forecast
In a speech on 'U.S. Economic Forecast' given on 28 July Michael Moskow of the Federal Reserve Bank of Chicago said the road to recovery has been bumpier than expected. But we believe that the monetary policy we have put in place will support demand and…
Broaddus - Update on the Economy, Monetary Policy
In the speech 'Update on the Economy and Monetary Policy' given on 25 July Alfred Broaddus of the Federal Reserve Bank of Richmond said to sum up on the current state of the economy, there are a few signs in the recently released data that the recovery…
Fukui on prospects for future of Japan's economy
In the speech 'Prospects for the Future of Japan's Economy' given on 23 July Toshihiko Fukui of the Bank of Japan said for Japan's economy to resolve the problems it faces and move forward, firms and individuals must become active in seeking new value…
BoJ's Fujiwara - Inside a Monetary Policy Meeting
In a speech on 'Inside a Monetary Policy Meeting' Sakuya Fujiwara of the Bank of Japan said transparency of the Bank of Japan's conduct of monetary policy has been enhanced by Monetary Policy Meetings. I attach special importance to increasing the…
McTeer speech to the Risk Management Association
In a speech before the Risk Management Association Bob McTeer of the Federal Reserve Bank of Dallas said the main reasons for expecting a stronger recovery are the prolonged and massive monetary easing, fiscal policy's move toward expansion, lean…
Ferguson on Basel II: Scope of Application in US
In a speech on 'Basel II: Scope of Application in the United States' Roger Ferguson of the Federal Reserve said we anticipate that U.S. banking organizations that account for 99 percent of the foreign assets and two-thirds of all assets of our domestic…
Ueda on Japan's deflation and policy response
In a speech on 'Japan's Deflation and Policy Response' Kazuo Ueda of the Bank of Japan said the deflation of general prices has not been the major problem in Japan. Instead, asset price deflation and its interaction with the financial system and the…
Fed's Bernanke - An Unwelcome Fall in Inflation?
In the speech 'An Unwelcome Fall in Inflation?' given on 23 July Ben Bernanke of the Federal Reserve said in a world in which inflation risks are no longer one-sided, and short-term nominal interest rates are at historical lows, the success of monetary…
McTeer commencement address to economics graduates
In his 'Commencement Address to Economics Graduates' Bob McTeer of the Federal Reserve Bank of Dallas said Alan Greenspan is an excellent example of someone making a big difference by applying good economics. I'll just remind you how much the inflation/…
Ueda on credit risk transfers and central banks
In a speech on 'On Credit Risk Transfer Instruments and Central Banks' Kazuo Ueda of the Bank of Japan said the Bank has been massively increasing the supply of liquidity. The monetary base has risen by 50% and bank reserves have quadrupled during the…
Nickell on employment and taxes
In a speech on 'Employment and Taxes' given on 21 July Stephen Nickell of the Bank of England's MPC concluded that tax rates are a significant factor in explaining differences in the amount of market work undertaken by the working age population in…
Padoa-Schioppa at ECB Payments System conference
In the opening speech at the Committee of Payment and Settlement Systems Conference, Tommaso Padoa-Schioppa of the ECB said central banks need to co-operate with the private sector and particularly with the banks that are in business for profit, for the…
Hoenig on leadership, change and progress
In a speech on 'Leadership, Change and Progress' Thomas Hoenig of the Federal Reserve Bank of Kansas City said leadership is necessary to convert the energy of change into progress but the talent to lead guarantees nothing. Leaders can harm. Leaders can…
Dodge expects growth to strengthen at end of 2003
In his opening statement following the release of the Monetary Policy Report Update David Dodge of the Bank of Canada said a number of unanticipated developments have changed the outlook for economic activity and inflation in Canada. Factors supporting a…
BoJ's Taya on recent economic developments
In the speech 'Recent Economic Developments and Monetary Policy' Teizo Taya of the Bank of Japan said he was still against the adoption of inflation targeting. Under certain circumstances, it is considered to promote the accountability and effectiveness…
Solans on the structure of the financial system
In the speech 'Why does the structure of the financial system matter?' Eugenio Domingo Solans of the ECB said financial structures are crucial to the allocation of resources in a modern economy. They can be compared with a system of arterial circulation…
Poole on housing in the macroeconomy
In the speech 'Housing in the Macroeconomy' William Poole of the Federal Reserve Bank of St. Louis said the US has enjoyed many years of a rising stock of residential capital. Moreover, dwellings have increased in average size and quality. The nation's…
Bob McTeer on The prodigal son as central banker
In the speech 'The Prodigal Son as Central Banker' Bob McTeer of the Federal Reserve Bank of Dallas said for years Al has had the reputation for being an inflation hawk. Lately, he's becoming a hawk on deflation as well. He doesn't like inflation. He…
Hoenig on community banks and the Fed
In the speech 'Community Banks and the Federal Reserve' Thomas Hoenig of the Federal Reserve Bank of Kansas City said community banks play an important role in the financial system of the U.S. economy and in the Federal Reserve's mission. For these…
Fukui on challenges for monetary policy in Japan
In the speech 'Challenges for Monetary Policy in Japan' Toshihiko Fukui of the Bank of Japan said neither macroeconomics nor finance textbooks have yet managed to provide a practical solution to the problems related to the deflation with which we are now…
Philadelphia Fed's Santomero on economic education
In a speech entitled 'Knowledge Is Power: The Importance of Economic Education' Anthony Santomero of the Federal Reserve Bank of Philadelphia said economic education programs developed and promoted by the Philadelphia Federal Reserve Bank help consumers…