Central Banks
The Zero Bound in an Open Economy
A very interesting paper by Professor Svensson (Lars.Svensson@iies.su.se) going against the grain oftraditional theories of the cause and solution of Japan's economicdifficulties.
Risk Management in Danmarks Nationalbank
This article by Ib Hansen and Christian Olgaard, in line with the National Bank of Denmark's transparency policy, takes an inside look at the way the bank manages financial market risks.
Monetary and Exchange Rate Policies
Book Review: "Monetary and Exchange Rate Policies, EMU and Central and Eastern Europe" by D. Begg, L. Halpern, C. Wyplosz (Forum Report of the Economic Policy Initiative (EPI)), (Centre for Economic Policy Research (CEPR), 1999) 108pp, £25, ISBN…
New monetary policy instrument in Croatia
The Croatian National Bank has decided to introduce unified obligatory reserve requirements on kuna and foreign currency deposits.
Foreign exchange settlement risk
The Basel Committee on Banking Supervision just issued a revised version ofits guidance for supervisors on managing the settlement risk arising fromforeign exchange transactions.
Latin America: Future inflation convergence
Leonardo Leiderman, head of Latin American Research at Deustche Bank and former head of research at the Bank of Israel, gives a report on the move towards inflation convergence in Latin America.
RBF announces relaxation of monetary policy
The Reserve Bank of Fiji has further relaxed monetary policy foolowing the resolution of the coup which began in May earlier this year. GDP is forecast by the central bank to fall by up to 15% this year.
Jobs in Asset Management in Norges Bank
There are two exciting job vacancies in "Global Equity Portfolio Management" at the Norges Bank in London for experienced asset managers.
Farewell to Wendelin at Bundesbank
Wendelin Hartmann is presented with a special issue of a German banking journal to commemorate many years service at the Bundesbank and as chairman of the Committe on Payment and Settlement Systems at the BIS.
UK inflation to rise above target, says Bank
In its latest quarterly inflation forecast, the Bank of England forecasts inflation to go above its 2.5% target in two years time. But deputy governor Mervyn King says this does not mean interest rates have to rise.
Redell heads RBNZ financial markets department
Michael Redell replaces David Archer as head of financial markets at the Reserve Bank of New Zealand. The vanacy arose when Archer became assistant governor and chief economist.
Macedonia payment systems tender
Macedonia, like many other countries in Eastern Europe, is in the process of reforming its payment systems. It is tendering for IT systems.
IMF concerns over Czech National Bank independence
In its Article 4 consultation with the Czech Republic, the IMF expressed concerns over the changes to the CNB's legislation.
Bulgaria's dollarisation debate
A new website set up by three economists at the Bulgarian National Bank wants to stimulate debate over whether Bulgaria should euroise its economy.
Central banks in European transition economies
This paper analyses the institutional framework of central banks in ten Central and East European countries using the ECB as benchmark.
Monetary Union in Iceland
This paper by Professor Willem Buiter considers the pros and cons for Iceland adopting the euro aslegal tender unilaterally i.e. euroisation.
Eesti Pank enhances risk management
Eesti Pank, Estonia's central bank, has enhanced its risk management procedures following the advice of a foreign asset management company.
Bank of Sudan enhances monetary instruments
The Bank of Sudan is in the process of reforming the way it implements monetary policy by using more market oriented instruments.