Economics

Mark Carney replaces Dodge at the Bank of Canada

Mark Carney, the senior associate deputy minister of finance and a former head of Goldman Sachs in Canada, will become the youngest central bank chief in the G7 when he takes over from David Dodge as Bank of Canada governor in February 2008.

BCAEO - Annual Report 2006

Governors from members of the BCAEO alliance were very much involved in shaping the agenda of the March 2006 meeting of the Association of African Central Banks, which was held at the head office of the BCAEO in Dakar, Senegal.

Slovenia's capital failure

The poor performance of Slovenia's capital markets illustrates the difficulties in developing capital markets in small emerging economies, according to a paper published by the International Monetary Fund.

RBA deputy examines causes of credit expansion

An increase in household borrowing has led to the latest boom in lending lasting longer than previous periods of credit expansion, according to Ric Battelino, the deputy governor of the Reserve Bank of Australia.

Survey reveals borrowing woes for UK firms

UK businesses will struggle to borrow in the coming months but households will find banks still willing to lend, according to the Bank of England's latest credit conditions survey, published on Wednesday.

Further rapid growth in foreign exchange trading

The volumes of foreign exchange traded has grown by 65% over the last three years, the preliminary results of the Bank for International Settlement's (BIS) triennial survey reveal, with global daily turnover averaging $3.2 trillion in April 2007.

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