Economics

Major reforms in view for IMF

The Executive Board of the International Monetary Fund (IMF) has backed a resolution that would achieve a major change in the representation of many emerging countries as well as allowing poorer countries a bigger say in the way the Fund is run.

Watanagase upbeat on Thai economy

Tarisa Watanagase, the governor of the Bank of Thailand, says the strong performance of the country's economy "under significant downside risks" is testament to its resilience.

Governors discuss African market development

The South African Reserve Bank has published a series of papers from a roundtable of governors, where discussions focused on the theme "Financial market developments in Africa: new challenges for central banks?"

Economy not policy accounts for differences: King

The marked contrast in the responses of the Federal Reserve, the Bank of England and the European Central Bank to the credit crunch is down to divergences in the economic conditions facing each central bank rather than policy stances, Mervyn King, the…

Estonia's Ross urges fiscal caution

Tallinn must pursue a frugal fiscal policy to ensure it meets the Maastricht criteria for euro adoption, said Marten Ross, a deputy governor at the Bank of Estonia.

Sri Lanka's Cabraal on emerging-market growth

Recent trends show that the world economy is no longer overwhelmingly reliant on the advanced economies, noted Ajith Nivard Cabraal, the governor of the Central Bank of Sri Lanka, in a speech at a recent conference in Karachi.

Mauritius' Bheenick on bond-market growth

The Bank of Mauritius is considering a proposal from the World Bank for the government to allow them to issue Mauritian-rupee denominated or linked bonds, explained Rundheersing Bheenick, the governor of the central bank, at a workshop on local currency…

Latin America to escape worst of subprime hit

Latin America is likely to emerge from the current bout of global market turmoil relatively unscathed, said Anoop Singh, the director of the Western Hemisphere Department at the International Monetary Fund.

Masaaki Shirakawa for governor?

Masaaki Shirakawa, newly-appointed acting governor of the Bank of Japan, is in the frame for promotion to the top job. He certainly would make the ideal candidate for the position.

How history will judge Fukui

Fukui's term at the helm of the Bank of Japan should be seen as a success but the departing governor failed to fulfil his early promise, says Colin Asher, a senior economist at Nomura, an investment bank.

Yilmaz on the causes of Turkey's economic rise

The strong performance of the Turkish economy over the past six years can be attributed to the country's ambitious structural reform agenda, stated Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey.

Japanese opposition likely to reject nominee

As Toshihiko Fukui prepares to step down on Wednesday 19 March, a rudderless Bank of Japan looked a near certainty after the Democratic Party of Japan, the country's main opposition party, indicated it would veto the government's latest choice for…

Beijing reappoints Zhou

After months of deliberation, the Chinese authorities on Monday approved the reappointment of Zhou Xiaochuan as governor of the People's Bank of China.

DSK praises central banks

The European Central Bank (ECB) and the US Federal Reserve received plaudits from Dominique Strauss-Kahn, the managing director of the International Monetary Fund, on Monday 17 March.

Exporters create more jobs

Firms participating in international markets have higher employment growth rates than purely domestic companies, research published by the National Bank of Belgium finds.

Bank of England - Quarterly Bulletin

Though sterling interbank markets showed some signs of improvement in December and early January, conditions deteriorated again during February, the Bank of England states in its latest Quarterly Bulletin.

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