Economics

BoJ Americas chief to take director-general role

Tadashi Nunami, the general manager for the Americas and chief representative at the Bank of Japan's New York office, will replace Toshio Idesawa as director-general of the central bank's international department.

RBI's Reddy on India's fiscal deficit

India must reduce its fiscal deficit but this must not limit the government's ability to promote inclusive growth, Y.V. Reddy, the governor of the country's Reserve Bank, believes.

San Francisco Fed - Annual Report 2007

The San Francisco Federal Reserve in 2007 launched an initiative to help homeowners in hard-hit communities to avoid foreclosure, the institution states in its latest Annual Report.

OeNB - Annual Report 2007

Austrian banks were only marginally affected by the US subprime crisis, the country's central bank states in its latest Annual Report.

BoE's Gieve on economic cycles

Sir John Gieve, the deputy governor at the Bank of England responsible for financial stability, on Thursday night made his first speech since announcing he would step down.

BIS chief to leave early

Malcolm Knight, the general manager and chief executive of the Bank for International Settlements (BIS), will step down in September, nine months before the end of his term.

Bank of Spain - Annual Report 2007

The greater flexibility achieved in the Spanish labour market in recent years has largely been the result of the galvanising effect exerted by immigrant workers, the Bank of Spain states in its latest Annual Report.

Fed's Lacker: US may avoid recession

Growth has been slow for 2008, but the US has avoided a recession and the odds of a severe downturn appear to have fallen, said Jeffrey Lacker, the president of Richmond Fed.

IMF to probe oil-price surge

The International Monetary Fund (IMF) responded to the G8's request for an investigation into the recent rise in oil prices, saying that it will carry out the work.

Real convergence and EU growth

An occasional paper from the European Central Bank focuses on real convergence and its determinants in candidate and potential candidate countries for joining the euro.

Economy more resilient: Japan's Shirakawa

Japan's economy is likely to grow at a slower pace for the time being, but it is more resilient now than in the past, Masaaki Shirakawa, the governor of the country's central bank, told lawmakers.

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