News/Governance
Richmond Fed announces promotion
The Federal Reserve Bank of Richmond this week named Terry Wright vice president, Check Services effective from 1 July.
Former Bundesbank chief Pohl joins bank board
Ahli United Bank (AUB) in Bahrain announced this week that former Bundesbank president Dr Karl Otto Pohl was to join the bank as board of directors senior adviser.
Interview with Bank Indonesia's senior deputy
In an interview published on Thursday 16 June, Miranda Goeltom, senior deputy governor at Bank Indonesia, said tighter central bank rules on foreign exchange trading unveiled by Indonesia this week are aimed primarily at stemming inflation and the weaker…
Finding a new captain for our economic ship
With speculation mounting as to who will succeed Alan Greenspan as chairman of the Federal Reserve, another article published this week comes up with the usual names, but also includes interesting quotes from central bank watching academics and a former…
ECB's Issing: A hawk a dove or just misunderstood?
This article looks at recent comments by European Central Bank chief economist Otmar Issing who has twice spooked financial markets in as many weeks by seeming to hint that an interest rate cut was possible some time in the future, it says.
BOK governor's trouble
Following Bank of Korea governor Park Seung's harsh criticism and calls for his his resignation this week, this article says the attack is likely to cause a stir as the law stipulates the BOK chief's four-year term to guarantee the central bank's…
Brazil's Lula says central bank chief to stay
Brazilian President Luiz Inacio Lula da Silva has said he will keep central bank President Henrique Meirelles in his post, denying a report in O Estado de S. Paulo newspaper that he was planning to replace the embattled central bank chief.
Bank of Korea governor urged to quit
Lawmakers this week called for Bank of Korea governor Park Seung to take "full responsibility" and resign following recent comments he made.
Bank Indonesia to host central bank meeting
Bank Indonesia will host the 10th Executive Meeting of East Asia Pacific Central Bank (EMEAP) to be held Bali from June 18 to 19.
Bush says replacing Greenspan will be hard
US president Bush said in an interview on Wednesday 8 June that finding a replacement for Federal Reserve chairman Alan Greenspan is going to be a tough job.
Sao Tome names central banker new prime minister
The president of Sao Tome, a tiny African archipelago, named the head of the country's central bank as the new prime minister late on Tuesday 7 June.
Fed-speak a snafu for new Dallas Fed chief
This article looks at what can happen when Federal Reserve officials stray beyond what is known as "Fed-speak". Recent comments by Dallas Fed chief Richard Fisher that the Fed was "clearly in the eighth inning" of a long run of interest rate hikes, with …
New members of BSP's Monetary Board named
President Gloria Macapagal-Arroyo of the Philippines has announced the appointment of three new members to the Monetary Board, the policy-making body of the central bank.
Brigita Schmognerova named EBRD Vice President
Brigita Schmognerova, a former minister in the Slovak Republic and senior figure at the UN, has been appointed the new EBRD Vice President, Human Resources & Administration.
Former Buba president takes job at Russian bank
The former head of Germany's Bundesbank, Ernst Welteke, who resigned in April last year after criticism for accepting a free hotel stay from a commercial bank, has been appointed independent board member at a bank in southern Russia, Russian media…
Kenneth Rogoff appointed new adviser to Riksbank
Sweden's Riksbank appointed Professor Kenneth Rogoff of Harvard University as adviser to the Riksbank's Executive Board on Thursday 9 June.
Senate panel clears Bernanke's nomination
The US Senate Banking Committee on Thursday 9 June approved the nomination of Federal Reserve Governor Ben Bernanke to head the White House Council of Economic Advisers, sending it to the full Senate for a final vote.
IADB president announces his resignation
The president of the Inter-American Development Bank, Enrique V. Iglesias, on Tuesday 31 May informed the IDB Board of Executive Directors that he is resigning his post, effective September 30, 2005.
IMF's Rato pays tribute to James Wolfensohn
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued a statement on Tuesday 31 Maypaying tribute to James D. Wolfensohn, the outgoing President of the World Bank.
Optimist joins ECB in gloomy times
This article profiles Lorenzo Bini Smaghi, who joined the European Central Bank's executive board on 1 June. All indications suggest that Bini Smaghi, far from rocking the boat, is firmly on board with the ECB's current approach to monetary policy, it…
You wanna be a central banker? Think again
Following the events in Thailand, this article published Friday 3 June suggests central bank governors around the world probably aren't sleeping well this week. What if this short-sighted, punish-the-central-banker mindset spread to other realms, it asks.
Ex-Thai central bank chief ordered to repay $4.6bn
The former governor of Thailand's central bank, Rerngchai Marakanond, was ordered on Tuesday 2 June to pay back the Bt186bn (US$4.57bn) spent in the futile defence of the currency on the eve of the 1997 Asian financial crisis.
Turkmen central bank chief fired for embezzlement
Shekersoltan Muhammedova, the acting governor of Turkmenistan's central bank, was sacked this week for "grave shortcomings and embezzlement of state funds," according to the BBC Monitoring Service which quoted the translation of a report on Turkmen TV…
ECB weighs reshaping exec board, Trichet role
A major shake-up of jobs on the European Central Bank's Executive Board is under discussion and could lead to president Jean-Claude Trichet and his deputy taking a more prominent role in shaping monetary policy, this article says.