Economics
ECB's Tumpel-Gugerell at the Euro conference
In a panel intervention at the Euro conference hosted by Banka Slovenije given on 15 January Gertrude Tumpel-Gugerell of the ECB said now that it has adopted the euro, Slovenia needs to adapt to the absence of an independent monetary and exchange rate…
ECB's Trichet at € conference Slovenia
In his keynote address at the "€ conference Slovenia" given on 15 January Jean-Claude Trichet of the ECB said Slovenia will enjoy the general benefits of participation in the single currency area, such as no exchange rate risks with respect to its most…
ECB paper on the US housing market
The ECB Working Paper 'Regional housing market spillovers in the US: lessons from regional divergences in a common monetary policy setting' seeks to quantify the importance of state-level housing price spillovers and interest rate shocks to house price…
Merkel worried by debate on ECB independence
German Chancellor Angela Merkel spoke out on economic issues in an interview Saturday 13 January, defending the independence of the European Central Bank against euro critics and calling for closer ties with the US.
PBOC researcher says reserve, rates need adjusting
A People's Bank of China researcher has said in a report that the PBOC needs to raise the reserve requirement again as well as adjust interest rates to rein in liquidity.
Bangladesh names former BB chief as caretaker head
Bangladesh's President Iajuddin Ahmed on Friday 12 January named former central bank governor Fakhruddin Ahmed to succeed him as the chief of an interim administration charged with holding elections, officials said.
IMF's Rato on the benefits of partnership
In the speech 'The benefits of partnership: Keynote speech for the inauguration of the central AFRITAC' given on 9 January Rodrigo de Rato of the IMF said the benefits of increased trade are greatest if it is accompanied by improvements in the regulatory…
Mboweni says SARB independent despite shareholders
Although the South African Reserve Bank is controlled by the government and private shareholders it is one of the most independent central banks in the world, Reserve Bank governor Tito Mboweni said in an article published Friday 12 January.
Dallas Fed names Issing for globalisation study
The Federal Reserve Bank of Dallas has said Otmar Issing will advise its new think tank on the impact of globalisation on the international economy.
Boston's Minehan says she will retire this year
Federal Reserve Bank of Boston president Cathy Minehan said Thursday 11 January she plans to retire later this year but will stay in place until her successor is named.
BoJ's Fukui says economy expanding moderately
Bank of Japan governor Toshihiko Fukui reiterated Friday 12 January that the economy is still growing gradually and that he expects the recovery to continue.
IMF paper on bank risk-taking and competition
The IMF Working Paper "Bank risk-taking and competition revisited: New theory and new evidence" studies two new models in which banks face a non-trivial asset allocation decision.
IMF paper on foreign investment in China's banks
The IMF Working Paper "The rise of foreign investment in China's banks: Taking stock" takes stock of the involvement of foreign banks in the Chinese banking sector in the perspective of international experience.
IMF paper on rebalancing China's economy
The IMF Working Paper "Rebalancing China's economy: What does growth theory tell us?" uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high.
Skrzypek named head of Poland's central bank
Poland's new central bank governor, Slawomir Skrzypek, a close ally of president Lech Kaczynski, was confirmed by parliament Wednesday 11 January. At a parliamentary hearing Skrzypek had earlier confused the deceased Wim Duisenberg with Jean-Claude…
Germany's Steinbrueck defends ECB independence
Germany said Thursday 11 January it would not put up with any change in the independence of the European Central Bank.
ECB chief defends central bank independence
Speaking at the press conference following a meeting of the ECB's governing council, ECB president Jean-Claude Trichet said that it was up to all European Union states to ensure independence of their central banks.
Gulf Arabs reviewing dollar pegs - report
Gulf Arab oil producers are reviewing currency pegs to the US dollar and could decide as early as March whether to keep or change their exchange rate regime, the United Arab Emirates central bank chief told Reuters Thursday 11 January.
Bank of Canada, Business Outlook Survey, Winter 07
The Bank of Canada published its Winter 2007 Business Outlook Survey on 8 January, on balance, businesses expect their sales over the next 12 months to increase at a rate slightly above that posted during the preceding 12 months.
Albania's Fullani on prospective ERM II members
In the speech 'Concerns of the prospective ERM II members' given on 15 December Ardian Fullani of the Bank of Albania said as a pre-accession country, Albania will be facing ERM II problems in the medium term.
Saudi Arabian Monetary Agency - Annual Report 2005
According to the Saudi Arabian Monetary Agency's Annual Report 2005, the Saudi economy continued to record growth in all its sectors during 2005.
Zambia's Fundanga: Corporate social responsibility
In the speech 'Corporate social responsibility in Zambia' given on 23 December Caleb Fundanga of the Bank of Zambia said corporate social responsibility has become an integral part of conducting business in most internationally acclaimed and world class…
BoJ's Hayakawa says economy still expanding
The Japanese economy is expanding moderately and inventory adjustment in the information technology sector appears to be temporary, a senior official of the Bank of Japan said Wednesday 10 January.
IMF says HK peg can withstand strong yuan
The International Monetary Fund on Tuesday 9 January gave its backing to the Hong Kong dollar's peg to the U.S. dollar, saying recent reforms meant the exchange rate could withstand Chinese yuan strength.