Speech
Duguay - Is Canada marching to a different beat?
In a speech entitled 'Is the Canadian Economy Marching to a Different Beat?' given on 13 June Pierre Duguay of the Bank of Canada discusses why the Canadian economy stands out, with strong domestic demand, at a time when other national economies are…
Greenspans testimony to Congress
In testimony on 15 July Alan Greenspan presented the Federal Reserve Board's semiannual monetary policy report to Congress. Greenspan said the Fed was prepared to leave interest rates at low levels "for as long as it takes". He said the Fed remained…
Broaddus on the Economy and Monetary Policy
In the speech 'Remarks on the Economy and Monetary Policy' J. Alfred Broaddus of the Federal Reserve Bank of Richmond said he was confident that the Fed could put effective strategies in place if necessary to prevent significant disinflation or deflation…
Duisenberg on monetary and fiscal policy
In the speech 'Monetary and fiscal policy in the euro area' Wim Duisenberg of the ECB said that the macroeconomic policy framework in the euro area is appropriate to ensure sustained and non-inflationary economic growth. Fiscal policy should contribute…
Heikensten on the Riksbank and the euro
In the speech 'The Riksbank and the euro' Lars Heikensten of the Sveriges Riksbank noted that a "no" to the euro would not entail any major changes for the Riksbank's day-to-day business. He expects that the Riksbank would continue to conduct its…
Issing speech at the ECB Watchers Conference
In the speech 'ECB Watchers Conference: The evaluation of the strategy' Otmar Issing of the ECB said this meeting is a special one. In the course of the last year the ECB has launched, conducted and concluded an evaluation of its monetary policy strategy…
Greenspan testimony on Natural gas supply
In the speech 'Natural gas supply' Alan Greenspan of the Federal Reserve said growing U.S. demand for natural gas to fuel factories and electricity plants may outweigh environmentalists' desire to preserve wilderness areas that contain energy reserves.
Macfarlane at Business Council of Australia Dinner
In a speech at the Business Council of Australia Annual Dinner given on 8 July Ian Macfarlane of the Reserve Bank of Australia asked why has the Australian economy recently shown much more stable behaviour than the much larger and more diversified US…
Padoa-Schioppa-Central banks & financial stability
In the speech 'Central banks and financial stability' given on 7 July Tommaso Padoa-Schioppa of the ECB said the conceptual framework for financial stability analysis, unlike that of monetary stability, is still being developed. Further work in this area…
Sanusi - CBN's standpoint on anti-money laundering
In the speech 'Central Bank of Nigeria's standpoint of anti-money laundering compliance' Joseph Sanusi of the Central Bank of Nigeria said the CBN will continue to ensure compliance with the FATF guidelines, in addition to other domestic laws on money…
Topping on Basel II : Implications for Hong Kong
In the speech 'Basel II : Implications for Hong Kong' Simon Topping of the Hong Kong Monetary Authority said Basel II is not some abstract regulatory compliance issue of no real value to the banking industry. On the contrary, it's based very much on…
IMF's Krueger on supply, demand & deadlines
In the speech 'Supply, Demand & Deadlines: A Workshop on Economics for Journalists' Anne Krueger of the IMF said economics is important-and so is reporting economics well. The IMF's role-acting alongside the World Bank, the UN, and national governments…
Padoa-Schioppa on co-operation in Asia and Europe
In the speech 'Regional co-operation: experiences in East Asia and Europe' Padoa-Schioppa of the European Central Bank said that given the degree of regional integration already achieved, I believe that Asian regionalism will prove to be a sustainable…
Tumpel-Gugerell at European Banker of the Year 02
In a speech in honour of the European Banker of the Year 2002 Gertrude Tumpel-Gugerell of the ECB said a good banker has to be able to evaluate risks to successfully distinguish between potentially good and bad investments. Economic progress is dependent…
Andrew Crockett: Central banking under test?
In the speech 'Central banking under test?' Andrew Crockett said central banks have been extremely successful in their long war against inflation. And yet, just as they have been emerging victorious from one battlefront, another, deflation, seems to have…
Knight reviews the activities of the BIS for 02-03
In the speech 'Activities of the BIS - The year 2002-03 in review' Malcolm Knight of the BIS said the effectiveness and accountability of increasingly independent monetary authorities depends importantly on having put in place sound governance and…
Duisenberg presents the ECB's Annual Report 2002
Presenting the ECB's Annual Report 2002 to the European Parliament Wim Duisenberg of the ECB said emphasised the need for Member States to respect the Stability and Growth Pact and said the ECB believes that the tools chosen by the ECB to communicate and…
Tumpel-Gugerell on financial markets volatility
In a speech on 'The volatility of financial markets' Gertrude Tumpel-Gugerell of the ECB said the increasing importance of technology and quantitative methods in the financial markets present new challenges. There are probably no solutions which involve…
Bank of Spain's Jaime Caruana on global recovery
In a speech to the International Securities Market Association Annual General Meeting Jaime Caruana of the Bank of Spain said conditions for a global economic recovery in the second half of the year seem to be in place despite economic data that have yet…
Olson on bank challenges with low interest rates
In a speech on 'Bank Management Challenges in a Low-interest-rate Environment' Mark Olson of the Federal Reserve said the most pronounced effect of the current climate has not been prominent in the headlines but is well known to the industry. We have…
BoJ's Muto on challenges facing Japan's economy
In a speech on 'Structural Changes in the World Economy and Challenges Facing Japan's Economy' Toshiro Muto of the Bank of Japan said as of now at least it is hard to say that we are sufficiently equipped, considering the several constraints surrounding…
Fed's Bernanke on soft hearts, hard data
In a speech entitled 'Soft Hearts, Hard Data: The Use of Quantitative Analysis in Community Development' Ben Bernanke of the Federal Reserve said the collection and especially the analysis of data present difficult challenges to community organizations…
Central Bank Talk: Does it Matter and Why?
Paper 'Central Bank Talk: Does it Matter and Why?' presented by Donald Kohn and a senior Federal Reserve economist. Statements released by the Federal Open Market Committee (FOMC) and congressional testimony by Chairman Greenspan are found to…
Ferguson testimony on Basel II and H.R. 2043
In testimony on 'Basel II and H.R. 2043' Roger Ferguson of the Federal Reserve said plans for U.S. negotiators to meet with their international counterparts in November may not leave enough time for U.S. agencies to consider feedback from domestic banks…