Economics
The continuing rise of the kiwi
The New Zealand dollar continues its rapid rise on perceptions that the central bank will be unable to stem a rally powered by Japanese investors looking for higher yields. The currency rose to its highest level in 22 years on 25 June.
BIS annual report 2006-07
New board members and nearly a billion dollars in profit were among the highlights of this year's report from Basel.
Bank of Mozambique - annual report
Among the highlights of 2006, Mozambique's central bank we began the process of establishing agencies of throughout the country in order to ensure the supply of banknotes and coins closer to commercial banks.
Spain's Ordonez: annual address
Speaking at the Bank of Spain's annual meeting, Miguel Fernandez Ordonez, the governor, took stock of the Spanish economy in 2006 its 13th continuous year of expansion.
National Bank of Hungary - Annual Report 2006
"In terms of inflation, 2006 was an unfavourable year," is the ominous opening to the National Bank of Hungary's assessment of 2006.
Bank of Papua New Guinea warns on spending
The Bank of Papua New Guinea issued a warning to the government against increased spending during the general elections, in the face of unfavourable external developments.
ECB's Bini Smaghi on euro entry
In this speech ECB executive board member, Lorenzo Bini Smaghi, argues that there is "evidence that the euro may be setting in motion some endogenous process, moving the euro area progressively closer to the concept of an optimum currency area."
IMF authors on impact of remittances
In this article on remittances, published in the IMF's quaterly Finance & Development, the authors suggest that the "bottom line is that remittances cannot be a substitute for a sustained, domestically engineered development effort."
Gold and inflation - BoC paper
In this Bank of Canada Working Paper, the authors find that the gold price "contains significant information for future inflation for several countries, especially for those that have adopted formal inflation targets."
New governor for Slovenian central bank
After a months-long deadlock the parliament of Slovenia has finally approved a new central bank governor. The new governor is Marko Kranjec, an economics professor and financial expert who was the country's first finance minister.
NZ dollar nears 20 year high against the yen
New Zealand's dollar, known as the "kiwi", appreciated to its highest value in almost 20 years against the yen as investors bet on the failure of the central bank to stem its gains.
"Ominous" fall in German's business confidence
Confidence among Germany's businesses fell in June, but opinions were split as to what this meant for the outlook for the economy.
IMF mulls currency surveillance tools
Rodrigo de Rato, the managing director of the International Monetary Fund says the Fund will soon announce more details above its new surveillance system for foreign exchange policies, which will make clear to member countries what is "acceptable to the…
Bank of England Quarterly Review
As well as regular features, the second bulletin of 2007 includes an article analysing public attitudes to inflation and interest rates, in particular the pick-up in the general public's inflation expectations between 2005 and 2006.
RBI's Mohan on capital account liberalisation
Speaking at a seminar in Paris, Rakesh Mohan, a deputy governor at India's central bank, discussed India's experiences in making monetary policy during capital account liberalisation.
Monetary policy with imperfect knowledge
This ECB Working Paper examines the performance and robustness properties of monetary policy rules in an estimated macroeconomic model in which the economy undergoes structural change and where private agents and the central bank possess imperfect…
RBNZ intervenes in currency market again - traders
Foreign currency traders say that the Reserve Bank of New Zealand again intervened in the market on 18 June. This follows a statement by the central bank last week acknowledging that it had done so for the first time since it set up a fund for…
Fed's Geither on Asian growth
In this speech the New York Fed's president, Tim Geither explains why "Asia will need to prepare for a future in which it relies more on the strength of growth at home rather than on the strength of growth in the rest of the world".
Slovakia's euro changeover plan
The earliest date for adoption of the euro will be January 1 2009, says the central bank report.
Banks still matter most - Bernanke
Federal Reserve Chairman, Ben Bernanke, says the Fed has retained the ability to control financing costs, despite the fact that nonbank lenders and capital markets have replaced banks as sources of credit for many households and businesses.
Polish governor on inflation, euro entry
Polish inflation is under control and the immediate outlook does not give the National Bank much cause for concern, the central bank's governor, Slawomir Skrzypek, said on 15 June.
Bank of Spain annual report
The overview from the Bank of Spain's annual report for 2006 is now available.
No need for currency intervention - Dodge
The governor of the Bank of Canada says there is no justification for active market intervention by the central bank to sway the recent strengthening of the Canadian dollar.
IMF backs inflation targets for Armenia, Georgia
A new paper from the IMF makes a case for a gradual transition to full-fledged inflation targeting in both Armenia and Georgia in the medium term.