Economics
Internal measures crucial for EU's economic growth
The EU needs to implement structural reforms and improve cost discipline to absorb negative external price shocks and support growth, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
I was forced out: ex-Nigerian deputy
Wahia Mshelia, a former deputy governor at the Central Bank of Nigeria, has alleged that she was forced to quit after falling out with Charles Soludo, the institution's governor, local media reported on Wednesday. Soludo has denied the claims.
Two new vice presidents for Chicago Fed
Carl Tannenbaum, the former chief economist at LaSalle Bank, has joined the Chicago Federal Reserve as vice president. The central bank has also promoted Steve Durfey, the assistant vice president responsible for the supervision and regulation department…
Smets to replace Reichlin as ECB research head
Frank Smets, the deputy director general of the European Central Bank's research department, is to replace current head Lucrezia Reichlin, when she leaves the institution in September.
Chicago Federal Reserve - 2007 Annual Report
The possibility of continued market difficulties cannot be ruled out, Charles Evans, the president of the Chicago Federal Reserve, said in his introduction to the institution's 2007 annual report.
People's Bank helps regions hit by quake
The People's Bank of China has announced a raft of measures aimed at aiding the regions worst hit by last week's earthquake.
MIT's Blanchard to become IMF chief economist?
Olivier Blanchard, an economics professor at the Massachusetts Institute of Technology (MIT), will be the next chief economist at the International Monetary Fund (IMF) a leading German weekly has reported.
EBRD appoints Mirow as chief
Thomas Mirow, the state secretary of the German Finance Ministry, will replace Jean Lemierre as head of the European Bank for Reconstruction and Development, the development bank for most of Central and Eastern Europe.
Estonia's Lipstok on IMF's opinions
The Bank of Estonia agrees with the International Monetary Fund's view that economic conditions are testing public finances and flexibility, its governor said.
Why do growth rates differ?
Differences in growth rates can be largely explained by capital deepening and an ability to produce new technology in the form of patents, research published by the Bank of Finland finds.
Can central banks go broke?
Central banks can go broke and have done so historically, Willem Buiter, a former member of the Bank of England's Monetary Policy Committee now a professor at the London School of Economics, states in a new research paper.
Iceland sets up swaps with Nordic CBs
In a move that is expected to do much to support the weak krona, the Central Bank of Iceland on Friday said that it had come to an agreement with Sweden, Norway and Denmark to swap its currency for euros.
Trichet's building blocks for eurozone success
Jean-Claude Trichet, the president of the European Central Bank (ECB), has highlighted four policies to reinforce the strength and performance of the euro-area economy.
IMF on the progress of financial integration
Financial integration has progressed significantly worldwide, particularly in emerging markets, research published by the International Monetary Fund finds.
Issue of rising food prices needs reflection
The recent surge in food prices requires careful consideration not knee-jerk reactions, Norbert Walter, the chief economist for Deutsche Bank Group, notes.
What a revaluation of the renminbi could achieve
Marvin Goodfriend underlines the limits to what an appreciation of the Chinese currency would mean for the American trade deficit
Fed should have spoken out on housing bubble
The Federal Reserve should have done more to alert American consumers to the bubble in the real estate market, Robert Shiller, an economics professor at Yale, said in an exclusive interview with Central Banking, published on Thursday.
Libya announces improvements for banking sector
In a bid to reform the Libyan banking sector, the country's central bank has modernised its open market operations and payments systems.
Asia remains strong: Pakistan's Akhtar
The Asian economy will continue to perform well despite the recent global financial market turmoil, Shamshad Akhtar, the governor of the State Bank of Pakistan, predicted.
Bank of Canada Review - spring 2008 edition
The Bank of Canada has published the spring edition of its Economic Review.
We did not repay $700m debt: Zimbabwe's Gono
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has denied that the institution recently repaid a $700m African Development Bank loan.
Tensions could re-emerge: Riksbank deputy
Despite positive signs in recent weeks, it is still too early to assume that financial markets will return to normal without any further disruptions, Barbro Wickman-Parak, a deputy governor at the Riksbank, warned.
HKMA's Yambo: we will work with Shanghai
Hong Kong and Shanghai will cooperate, rather than compete, with one another to improve the status of south-east Asia as a global hub for finance, Joseph Yam, the chief executive of the territory's monetary authority, said.