Economics
ECB Monthly Bulletin, April 2007
The European Central Bank published its April 2007 Monthly Bulletin on Thursday 19 April. In the report the ECB said monetary policy remains on the "accommodative side", with key ECB interest rates moderate and ample liquidity in the euro area.
ECB's Bini Smaghi on central bank independence
In the speech 'Central bank independence: from theory to practice' given on 19 April Lorenzo Bini Smaghi of the ECB said fiscal discipline is important, and highlighted that out of control spending will undermine monetary policy.
Central Bank of Ireland, Quarterly Bulletin 2/2007
The Central Bank and Financial Services Authority of Ireland has published its Second Quarterly Bulletin for 2007. According to the Bulletin, price increases are set to continue due to the economy's dependence on imported oil and the poor performance of…
Japan's Fukui reiterates that deflation is easing
Bank of Japan governor Toshihiko Fukui told a quarterly meeting of BoJ branch managers Thursday 19 April that the Japanese economy is expanding moderately and deflationary pressure is easing.
BoJ report sees continued moderate expansion
The Bank of Japan said in a quarterly report published Thursday 19 April that Japan's regional economies are showing signs of continued moderate expansion.
Hungary's central bank appoints new spokesperson
Hungary's central bank announced on Wednesday 18 April it has appointed Judit Iglodi-Csato as the bank's spokesperson to replace Gabor Missura. the Portfolio website reported.
New DG of Ireland's central bank announced
The governor of the Central Bank of Ireland , John Hurley, Thursday 19 April announced the appointment of Tony Grimes as Director General Designate of the Central Bank and Financial Services Authority of Ireland.
Central bank autonomy: Lessons from global trends
The IMF Working Paper "Central bank autonomy: Lessons from global trends" calculates indexes of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indexes for a subgroup of 68 central banks as of the end of the 1980s.
Trichet on the euro and the dollar
In closing remarks at 'The euro and the dollar: pillars in global finance' conference given on 17 April Jean-Claude Trichet of the ECB said a number of indicators point to increasing cross-border banking activities in the euro area, such as the growing…
Plosser on price stability and social welfare
In the speech 'Price stability and social welfare' given on 16 April Charles Plosser of the Federal Reserve Bank of Philadelphia said although the Fed is much more transparent than at any time in its history, it is arguably less transparent than a number…
NY Fed's Geithner on global economic integration
In the speech 'Global economic integration: The opportunities and the challenges' given on 17 April Timothy Geithner of the Federal Reserve Bank of New York said economic integration among countries is essential for boosting growth, while protectionism…
Interview with ECB's Guy Quaden
European Central Bank council member Guy Quaden said in an interview published Monday 16 April, an increase in eurozone interest rates in the coming months is likely.
ECB's Mersch says US slowdown threat muted
European Central Bank governing council member Yves Mersch was reported on Monday 16 April as saying that the eurozone would be affected little by a further slowdown in the US economy.
Are central bankers powerless?
This article from MoneyWeek, published Monday 16 April, asks whether central bank activity is doomed to failure.
Bank of Canada, Business Outlook Survey, Spring 07
The Bank of Canada published its Spring 2007 Business Outlook Survey on 16 April. Overall, businesses remain positive about the economic outlook, the report said.
Trichet on International Financial Architecture
In the speech 'The International Financial Architecture - Where do we stand?' given on 16 April Jean-Claude Trichet of the ECB said the policy challenges associated with growing global economic and financial interlinkages need to be addressed head-on.
BoC paper on exchange rate regimes
The Bank of Canada Working Paper "Exchange rate regimes, globalisation, and the cost of capital in emerging markets" presents a multifactor asset pricing model for currency, bond, and stock returns for ten emerging markets.
BOJ's Mizuno on economic & financial globalization
In the speech 'Economic and Financial Globalization, and Challenges Facing the Central Bank' given on 28 February (published 16 April) Atsushi Mizuno of the Bank of Japan said it is desirable that the policy interest rate should gradually converge toward…
Dallas Fed's Fisher on fiscal issues
In the speech 'Fiscal issues: From here to eternity' given on 16 April Richard Fisher of the Federal Reserve Bank of Dallas said if US fiscal policy gets 'out of whack' it will have implications for the Federal Reserve's policy and the dollar.
Poole on changing world demographics
In the speech 'Changing world demographics and trade imbalances' given on 16 April William Poole of the Federal Reserve Bank of St. Louis said global imbalances including the US current account deficit are not just a monetary phenomenon.
Interview with SNB's Jean-Pierre Roth
In an interview with Bloomberg published Monday 16 April, Swiss National Bank president Jean-Pierre Roth said a fall in the Swiss franc's value against the euro reflects turbulence on financial markets rather than developments in the domestic economy.
Cyprus championing corporate governance
This comment piece from the Financial Mirror looks at the two day conference in Nicosia, which brought together 130 delegates top discuss corporate governance issues.
Trichet says stability requires int'l cooperation
European Central Bank president Jean-Claude Trichet said on Monday 16 April international policy cooperation and integration are important in keeping global economic stability.
Dutch cb's Wellink on world inflation pressures
Dutch Central Bank President Nout Wellink said on Saturday 14 April to the International Monetary Fund that while global inflation pressures have receded they are still a concern.