Transparency
Balancing transparency and discretion
Central banks face unique challenges in meeting demands for financial transparency. Clifford Smout suggests how a better understanding of their performance can be enabled.
Optimal transparency of monetary policy committees
Revealing the diversity of views in monetary policy committees makes future monetary policy more predictable, a new paper from Germany's central bank finds.
Poole outlines problems of predicting Fed rates
Attempts by the Federal Open Market Committee (FOMC) to provide forward guidance in the policy statement cause more communications difficulties than they solve, says William Poole, the president of the St Louis Federal Reserve.
ECB right but opaque, says report
The latest Monitoring the European Central Bank report, published on Thursday by the Centre for Economic Policy Research (CEPR), suggests that there is much room for improvement in the way the European Central Bank (ECB) sets interest rates and…
IMF report notes decline in transparency
The publication rates for some of the International Monetary Fund's country reports fell in 2007, the third annual report on the implementation of the Fund's transparency policy finds.
Bank of Canada plans to increase transparency
Canada's central bank will review whether to provide more information about its predictions for the economic outlook in a bid to improve transparency.
IMF's Kato adds voice to calls for transparency
Investors need greater transparency of the on- and off- balance sheet exposures of financial institutions, as well as of the interrelationships between asset managers, and special purpose vehicles, said Takatoshi Kato, a deputy managing director of the…
We were transparent enough, say bankers
Investors were given all the information they required on structured products, a group of senior figures at top investment and commercial banks told UK lawmakers on Tuesday.
The trip to transparency
The Fed's decision to increase the frequency and volume of its economic projections is another welcome step towards transparency under Ben Bernanke's stewardship. But it still has a way to go before catching up to the other major central banks, says…
Fed to offer more insight into decision making
The Federal Reserve is to give the public more insight into how the rate-setting Federal Open Market Committee (FOMC) decides on monetary policy.
Indonesian CB called on to aid corruption fight
Bank Indonesia is being pushed to join the fight to uncover accounts holding state funds that Mohamed Suharto, Indonesia's former president, is rumoured to have stolen.
Riksbank's Ingves justifies openness
Stefan Ingves, the governor of the Riksbank, said on Monday that the central bank chose to adopt a transparent monetary policy framework in order to become a more democratic and efficient institution.
Canada's Dodge repeats calls for transparency
David Dodge, the governor of the Bank of Canada, underlined his argument that a lack of transparency was behind the recent turmoil on Friday.
Opacity led to turmoil - Canada's Dodge
David Dodge, the governor of the Bank of Canada, believes a lack of transparency is partly to blame for the recent turmoil in the financial markets.
Rate signals and CB transparency
Interest rates should be added to the list of signals that central banks can reveal in order to be transparent, according to a paper published by the Centre for Economic Policy Research.
Albanian governor promotes transparency
Ardian Fullani, the governor of the Bank of Albania, highlighted the central bank's efforts to create a more transparent monetary policy framework in a recent speech.
The benefits of the SARB's transparency
This IMF Working Paper suggests that the increased transparency of monetary policy in South Africa since the late-1990s has helped to improve the accuracy of inflation and interest rate forecasts.
Sweden's Ingves on central bank communication
In the speech 'Communication - what demands are made of an independent central bank?' given on 24 April Stefan Ingves of the Sveriges Riksbank said ever since the inflation target was introduced, transparency has been a guiding principle for Sweden's…
Plosser on price stability and social welfare
In the speech 'Price stability and social welfare' given on 16 April Charles Plosser of the Federal Reserve Bank of Philadelphia said although the Fed is much more transparent than at any time in its history, it is arguably less transparent than a number…
The economic impact of central bank transparency
The Working Paper "The economic impact of central bank transparency: a survey" from De Nederlandsche Bank provides an up-to-date overview of the literature on the desirability of central bank transparency from an economic viewpoint.
Opacity of a credible central bank and inflation
The Discussion Paper "Can opacity of a credible central bank explain excessive inflation?" from the University of Munich shows that, even in the absence of inflationary bias, a credible central bank may find it optimal to implement an accommodating…
IMF on transparency and supervision in Africa
The IMF has published a new country report that looks at monetary and financial policy transparency in central Africa.
Transparency in bond markets
This technical paper's conclusions suggest caution is needed in creating an extremely homogeneous and transparent trading environment for sovereign bonds.
Understanding Fed statement is like child's play
According to this article published on Wednesday 29 March, Federal Reserve chairman Ben Bernanke didn't quite achieve his goal of full transparency in his first time at bat this week.