Economics

Federal Reserve - Annual Report 2005

According to the Federal Reserve's Annual Report 2005, the U.S. economy delivered a solid performance in 2005 despite a further sharp increase in energy prices and devastating hurricanes.

BCEAO - Annual Report 2004

According to the Central Bank of West African States (BCEAO) Annual Report 2004, the WAMU economic dynamics was hindered in 2004 by the fresh outbreak of socio-political strife in Cote d'Ivoire and falling prices of agricultural export commodities.

Zeti at Launch of Prudential BSN Takaful Berhad

In a speech given on 8 August Zeti Akhtar Aziz of the Bank Negara Malaysia said as the financial services industry transitions to a more deregulated and market-driven environment, the regulatory and supervisory approach will continue to evolve into one…

Nijathaworn on East Asian financial markets

In the speech 'East Asian financial markets: Some thoughts on the way forward' given on 22 June Bandid Nijathaworn of the Bank of Thailand said financial market development in East Asia has essentially been left to the market.

Zimbabwe's Gono warns of 'inflation dragon'

Reserve Bank of Zimbabwe chief Gideon Gono urged Friday 11 August a fight against the "inflation dragon," saying it still posed a major threat to the economy although the rate has fallen back to just under 1 000% recently.

The curse of the parochial view

This article by Samuel Brittan of the Financial Times, published Friday 11 August, compares the reaction to the recent round of central bank interest rate decisions.

Foreign buyers bring a host of challenges

According to this recent article by Bank of Mexico governor Guillermo Ortiz, published in The Banker magazine, the purchase of developing country banks by global banks can be mutually beneficial.

ECB Monthly Bulletin, August 2006

The European Central Bank published its August 2006 Monthly Bulletin on Thursday 10 August. In the report the ECB said it will raise interest rates further to contain inflation if the eurozone economy develops as it expects.

Deutsche Bundesbank Monthly Report, July 2006

The Deutsche Bundesbank published the English version of its July 2006 Monthly Report on 10 August. The report said the German economy likely gained momentum in the second quarter, helped by the building industry and an influx of visitors to the soccer…

PBOC will increase yuan flexibility

The People's Bank of China said on Thursday 10 August that it would gradually increase the flexibility of the yuan's exchange rate and that market forces would play a fundamental role in determining its value.

Central bank's ex-chief defends ex-Dominican pres

The Dominican central bank's ex-chief has defended ex-president Hipolito Mejia's actions regarding the payment to several depositors during the liquidation of the collapsed Intercontinental Bank, Dominican Today reported.

IMF paper on the management of oil wealth

The IMF Working Paper "Management of oil wealth under the permanent income hypothesis: The case of Sao Tome and Principe" documents the protracted process of shaping the rules governing oil operations in Sao Tome and Principe.

Buba paper on the diversification of German banks

The Bundesbank Discussion Paper "Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios" investigates the link between banks' profitability (ROA) and their portfolio diversification across different…

MAS committed to anti-money laundering efforts

The Monetary Authority of Singapore (MAS) has reiterated the country's commitment to the international efforts to fight against money laundering and terrorism funding, Channel NewsAsia report said Tuesday 8 August.

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