Economics

Tetangco on the BSP and the banking community

In the speech 'The BSP and the banking community: A partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of Philippines said in the banking sector, we expect further expansion of bank resources, improvement in…

Kadir on Malaysia's life insurance industry

In the speech 'Malaysia's life insurance industry' given on 30 January Mohd Razif bin Abd Kadir of the Central Bank of Malaysia said the insurance industry is expected to continue its positive growth momentum in the near term.

Italy's Draghi on growth and stability

In the speech 'Growth and stability of the economy and financial markets' given on 3 February Mario Draghi of the Bank of Italy said greater international co-operation is needed to strengthen financial markets and prepare for instability.

Bahrain's Crown Prince has doubts on GCC deadline

In an interview published Monday 5 February, Crown Prince Shaikh Salman bin Hamad Al Khalifa of Bahrain cast doubt on a 2010 deadline for monetary union in the region and said his country and the five other GCC states still had some issues to resolve on…

IMF paper on workers' remittances in Sri Lanka

In the IMF Working Paper "Are workers' remittances a hedge against macroeconomic shocks? The case of Sri Lanka" the authors estimate a vector error correction (VEC) model for Sri Lanka to determine the response of remittance receipts to macroeconomic…

PBOC's Gang says China to step up liquidity fight

A senior official at the People's Bank of China said on Sunday 4 February that China had mopped up much of the excess liquidity derived from massive trade and investment flows but must stay alert to keep money supply and credit in check.

Bank of Italy shuffles management

Mario Draghi, the governor of the Bank of Italy, has begun reshuffling his management team ahead of a meeting with unions this week, La Stampa reported Friday 3 February.

Chicago Fed's Economic Perspectives, First Q 2007

In 'Bubble, bubble, toil, and trouble' Cabray Haines and Richard Rosen note that the rapid rise of real estate prices in recent years has led to fears of a housing price bubble. But to determine whether there has been a bubble-and whether the bubble is…

Canada's Dodge on the financial system

In a speech given on 1 February David Dodge of the Bank of Canada called the federal government's decision to halt a significant tax loophole offered to income trusts the best way to level the corporate playing field.

Reforming China's exchange rate policy

This Working Paper from the University of Venice is aimed at analysing the decision of the Chinese central bank to reform the exchange rate of the national currency and to gauge the effects of this change in regime on the Chinese economy and the world…

RBI's Gopinath on overseas investments

In the speech 'Overseas investments by Indian companies - Evolution of policy and trends' given on 19 January Shyamala Gopinath of the RBI said there is great dynamism amongst Indian corporates to globalize and in the years to come we are going to have…

Davos/G20 report on monetary system

"An important transformation of the international monetary system appears to have begun in which the Group of 20, by virtue of its relatively informal and representative nature, may well prove to be the crucible in which its primary features are forged,"…

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