Economics
Unplanned system trumps Bretton Woods - paper
According to this new NBER working paper by Andrew Rose, the current international monetary system of independent central banks targeting domestic inflation is more stable than the post-war Bretton Woods system of fixed exchange rates.
European reforms of global importance - de Rato
In this speech the International Monetary Fund's managing director, Rodrigo de Rato, suggests that deregulation and financial sector reform in Europe will benefit the continent's economy, and contribute to resolving tensions and potential global problems.
ECB's Stark on challenges of euro area enlargement
In the speech 'Economic and monetary challenges of euro area enlargement' given on 20 November Jurgen Stark of the ECB said it is crucial that central banks have full independence in the new EU member states, in practice as well as in theory.
Chicago Fed National Activity Index, October 2006
The Chicago Fed National Activity Index for October 2006, published 21 November, was -0.31 in October, slightly up from -0.38 in September. All of the four broad categories of indicators made negative contributions to the index.
Warsh on financial markets and the Federal Reserve
In the speech 'Financial markets and the Federal Reserve' given on 21 November Kevin Warsh of the Federal Reserve said the U.S. economy is still at risk of higher inflation, although market signals point to a gradual receding of price gains.
Muto says BoJ to raise rates when needed - report
The Bank of Japan would carry out an additional interest rate hike once it confirms a need to act, BoJ deputy governor Toshiro Muto said in an interview with Jiji Press published Tuesday 21 November.
Fisher comfortable with current Fed policy
Federal Reserve Bank of Dallas president Richard Fisher said on Monday 20 November he was happy with the current policy stance of the U.S. central bank.
E. Asia-Pacific & Eurozone cb seminar
The Reserve Bank of New Zealand and the European Central Bank jointly organised the 3rd High-Level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area on Tuesday 21 November.
Slovenia cb to retain role after joining euro
Mitja Gaspari, governor of the Slovenian central bank, has said that, contrary to prevailing opinion, the institution will remain important after Slovenia's euro switchover on 1 January 2007.
Mohan says RBI to focus on price stability
The Reserve Bank of India said on Tuesday 21 November it would lay emphasis on price stability so that there is possibility of lower interest rates in the medium term.
Japan's economy to keep growing - minutes
The Bank of Japan reiterated plans to raise interest rates ``gradually,'' keeping pace with inflation and growth in the world's second-largest economy, minutes of a policy board meeting held last month showed Tuesday 21 November.
Bank of Japan Monthly Report, November 2006
The Bank of Japan published the English version of its November 2006 monthly report on Monday 20 November. In the report the BOJ said the Japanese economy is growing moderately.
Norges Bank Economic Bulletin, October 2006
The latest edition of Norges Bank's Economic Bulletin for October 2006 includes the article "Forecasting in Norges Bank." In the article the authors analyse the current economic situation and the driving forces that will influence the economy in the…
Deutsche Bundesbank Monthly Report, October 2006
The Deutsche Bundesbank published the English version of its October 2006 Monthly Report on Friday 17 November. The report said the German economy has probably continued to expand at a fast pace in the third quarter, driven mainly by a strong…
Debelle on the Australian foreign exchange market
In the speech 'The Australian foreign exchange market' given on 17 November Guy Debelle of the Reserve Bank of Australia said the Australian dollar has been "remarkably stable" given the rapid growth of turnover in the local foreign exchange market.
Chicago Fed's Moskow on the US economic outlook
In the speech 'U.S. economic outlook' given on 16 November Michael Moskow of the Federal Reserve Bank of Chicago said the risk of inflation in the US remaining too high, rather than a slowing economy, is the Federal Reserve's main concern.
Hungary's Jarai calls for new euro plan
A new convergence program is needed for Hungary to be ready to join the eurozone in 2011, Hungary's central bank Governor Zsigmond Jarai said on Thursday 16 November.
Trichet positive on global growth but sees risks
European Central Bank president Jean-Claude Trichet said Monday 20 November that the global economy is set for dynamic growth in 2007 but central bankers must remain vigilant as oil prices still threaten to stoke inflation.
PBOC's Wu may head futures exchange - report
People's Bank of China vice governor Wu Xiaoling may head the country's financial futures exchange in Shanghai starting next year, the Economic Observer reported Monday 20 November, citing unnamed insiders.
Milton Friedman, Nobel Prize winner, 1912-2006
Milton Friedman, a Nobel Prize winner, and one of the most influential economists of the 20th century, died in San Francisco on Thursday 16 November, aged 94.
Philadelphia Fed Business Outlook Survey, Nov 2006
According to the firms surveyed for the Philadelphia Fed's November 2006 Business Outlook Survey, economic conditions in the region's manufacturing sector improved slightly in November.
BoE's King on inflation and the UK economy
In a speech given on 16 November Mervyn King of the Bank of England said inflation will likely rise further above its 2 percent target in the near term before falling back to meet it.
Dallas Fed chief sees dollar staying top currency
Federal Reserve Bank of Dallas President Richard Fisher said on Friday 17 November he does not expect a global shock that would be big enough to remove the dollar's status as the world's top currency.
Iran's Sheybani hails cooperation with Europe
Iran's central bank governor Ebrahim Sheybani on Friday 17 November praised the good cooperation between Iranian and European banks.