Economics
ECB paper on credit risk mitigation
The ECB Occasional Paper "Credit risk mitigation in central bank operations and its effects on financial markets: the case of the Eurosystem" reviews the role and effects of the collateral framework which central banks, and in particular the Eurosystem,…
Report says yuan rise not guaranteed
A rise in the Chinese currency is not guaranteed, but the exchange rate is increasingly reflective of market forces, central bank vice governor Wu Xiaoling told Xinhua news agency.
BOJ punishes 41 staff after expenses probe
The Bank of Japan said Friday 4 August it would punish 41 officials for either receiving or paying higher than necessary allowances for air travel in the seven years from 1999.
Bank of Sudan - Annual Report 2004
According to the Bank of Sudan's Annual Report 2004, the real GDP growth rate increased from 6.0% in 2003 to 7.2% in 2004, due to the increase in the growth rate of most sectors of the economy.
Bank of England appoints Finance Director
The Bank of England announced on Wednesday 2 August that Warwick Jones has been appointed Finance Director of the Bank of England from 1 October. Mr Jones will be an Executive Director of the Bank and a member of the Executive Team.
Paper on term structure models and exchange rates
The Bank of Canada Working Paper "Can affine term structure models help us predict exchange rates?" proposes an arbitrage-free model of the joint behaviour of interest and exchange rates.
Simon Brooks appointed Vice-President of the EIB
Simon Brooks, a former Director in the Macroeconomic Policy and International Finance Directorate of the UK Treasury, has joined the European Investment Bank (EIB) as Vice-President.
Israel's Fischer: conflict costing economy
Israel's conflict with Hizbollah is costing the economy up to 1 billion shekels a week and will push up the budget deficit by 0.6 percent this year, Bank of Israel governor Stanley Fischer said on Wednesday 3 August.
IMF's Rato says Japan's deflation almost over
International Monetary Fund Managing Director Rodrigo de Rato said Thursday 3 August that "deflation has, by most measures, ended" in Japan.
Monetary conservatism and fiscal policy
This European Central Bank Working Paper, published 27 July, asks whether an inflation conservative central bank remains desirable in a setting with endogenous fiscal policy.
Central Bank of Solomon Islands - Annual Report 05
According to the Central Bank of Solomon Islands' Annual Report 2005, the domestic economy grew in 2005 as a result of buoyant private sector activities, upbeat investor confidence and strong donor assistance.
Report says PBOC shifts focus to yuan defense
State media reported that the People's Bank of China is to change the way that it sells sterilization bills into the market, indicating a policy shift towards defense of the exchange rate.
Paulson says appreciation would benefit China
U.S. Treasury Secretary Henry Paulson joined Chinese officials on Tuesday 1 August in asking for faster gains to cool economic growth.
Malaysia appoints three new assistant governors
Bank Negara Malaysia announced Wednesday 2 August the appointment of three additional Assistant Governors, Dato' Mohd Nor bin Mashor , Puan Lillian Leong Bee Lian and Encik Gopala Krishnan Sundaram, effective immediately.
China to pursue greater flexibility - report
China is succeeding in slowing the momentum of money and credit growth but cannot afford to drop its guard, the official Xinhua news agency on Wednesday 2 August quoted the central bank as saying.
Comment: What can we expect from Singapore
As the annual meetings of the IMF and the World Bank in Singapore approach, expectations are high for reform, particularly within the Fund. Top of the agenda will be how to make sense of the new multilateral surveillance role outlined at the spring…
SF's Yellen on prospects for the U.S. economy
In the speech 'Prospects for the U.S. economy' given on 31 July Janet Yellen of the Federal Reserve Bank of San Francisco said the current federal funds rate is "in a vicinity" of the right level even though news on inflation has been "disappointing."
St Louis Fed's Poole on Chinese growth
In the speech 'Chinese growth: A source of U.S. export opportunities' given on 31 July William Poole of the Federal Reserve Bank of St. Louis said the growth of the Chinese economy will provide U.S. firms with important export opportunities and U.S…
Words speak as loud as numbers for Bernanke's Fed
This article from Bloomberg, published Tuesday 1 August, notes that the Federal Reserve's 24-25 Oct FOMC meeting "will be expanded to two days to allow time for discussion of communications issues."
PBOC's Yi says China needs 'determination' on yuan
A senior People's Bank of China official has called for 'determination' on the part of the country to achieve its objective of making the yuan fully convertible.
ECB paper on fiscal policy in a monetary economy
The ECB Working Paper "Fiscal policy in a monetary economy with capital and finite lifetime" published 27 July develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes.
Bank of Slovenia - Annual Report 2005
According to the Bank of Slovenia's Annual Report 2005, economic activity was again sound in 2005, though growth was somewhat lower than the previous year.
Rato on the IMF's commitment to low-income states
In the speech 'Renewing the IMF's commitment to low-income countries' given on 31 July Rodrigo de Rato of the IMF said donors should offer developing countries alternative sources of financing rather than just telling them to avoid debt.
Glenn Stevens appointed governor of the RBA
Australian Treasurer Peter Costello announced on Tuesday 1 August that Glenn Stevens has been appointed governor of the Reserve Bank of Australia for a term of seven years, with effect from 18 Sep.