Economics
ECB paper on the Stability and Growth Pact
A year on from the SGP reform, the ECB Occasional Paper "The reform and implementation of the Stability and Growth Pact" takes stock of how the EU fiscal rules have evolved.
National Bank of Hungary - Annual Report 2005
According to the National Bank of Hungary's Annual Report 2005, 2005 was a successful year for the Magyar Nemzeti Bank, both in terms of performing its core duties laid down by law and achieving its organisational objectives.
Bank of Guyana - Annual Report 2005
According to the Bank of Guyana's Annual Report 2005, the economy, during 2005, suffered heavily from the effects of the flood in the early part of the year.
Euro membership not good for all, study says
According to this article published Monday 26 June, a new report from the CEPR claims Britain and other European economies have little to gain from adopting the euro now.
Iran's central bank and BIS to boost cooperation
According to IRNA news agency, Iran's central bank governor Ebrahim Sheibani held talks with the general Manager of the BIS, Malcolm Knight, in Basel aimed at stepping up banking cooperation.
BoF's Noyer warns on imprudent mortgage lending
Bank of France governor Christian Noyer told the French banking commission Wednesday 28 June that imprudent mortgage lending by French banks could lead to problems if interest rates rise or property prices fall.
BOJ scandal heats up
Calls for the resignation of Bank of Japan governor Toshihiko Fukui are intensifying amid worries about interest-rate hikes and falling stock prices, according to this article from BusinessWeek, published Tuesday 27 June.
Paulson has strong confidence in Bernanke
Henry Paulson, President Bush's nominee as the next US Treasury Secretary, has thrown his weight behind Ben Bernanke, the new chairman of the Federal Reserve.
Sri Lanka appoints new central bank governor
Effective from Thursday 22 June Presidential Advisor on Economic Affairs and Secretary to the Ministry of Plan Implementation Ajith Nivard Cabraal became the new governor of the Central Bank of Sri Lanka.
ECB 'permanently alert' says Trichet
European Central Bank president Jean-Claude Trichet said in an interview published Tuesday 27 June the ECB governing council is "permanently alert" and ready to act to counter inflation risks.
King, robed in red, given Cambridge's top honour
According to this article, Bank of England governor Mervyn King was due to receive Cambridge University's highest honour on Tuesday 27 June.
IMF paper on impacts of non-adoption of the euro
The IMF Working Paper "Price impacts of non-adoption of the euro for small European countries" uses the Sjaastad model to analyze the price-making power of major currencies with regard to the prices of traded goods in small countries that have not…
SNB's Roth on transparency and communication
In the speech 'No news, good news - transparency and communication in monetary policy' given on 16 June Jean-Pierre Roth of the Swiss National Bank said central bank transparency yields economic benefits because it enhances monetary policy effectiveness…
Costello hopes to harness Macfarlane talents
Treasurer Peter Costello has said he hopes outgoing Reserve Bank of Australia governor Ian Macfarlane will consider working with the government after he retires.
BIS Annual Report 2005/2006
According to the Bank for International Settlements Annual Report 2005/2006, central banks need to continue raising interest rates to deal with rising inflation pressures and threats from global current account imbalances.
Knight at the BIS Annual General Meeting
In a speech given on 26 June Malcolm Knight of the BIS said central banks may need to hike interest rates more aggressively in future if inflation picks up.
Book planned on history of the Riksbank
The Executive Board of Sweden's Riksbank has decided to produce a book on the history of the Riksbank, aimed at those interested in society and history. The book is expected to be ready at the end of 2008.
PBOC's Zhou sees 10% economic growth
China's economy will expand at least 10 pct in the second quarter and in full year 2006, despite measures designed to cool the economy, the Wall Street Journal cited People's Bank of China Governor Zhou Xiaochuan as saying.
BIS Board of Directors elects three new members
The Board of Directors of the BIS announced Monday 26 June the election of three additional central bank Governors as members of the Board of Directors of the BIS.
Donald Kohn appointed Chairman of the CGFS
At their meeting in Basel this weekend, the Governors of the central banks of the Group of Ten (G10) countries appointed Donald L Kohn as Chairman of the Committee on the Global Financial System (CGFS).
Bernanke tops Greenspan as market mover
This article from CNN Money, published Thursday 22 June, reports that a new study reveals that new Fed chief Ben Bernanke has provoked more movement than his predecessor, accounting for 27 basis points of variation in two-year yields.
Comment: Wanted: experienced US central banker
The perception of a "Fed in flux" has been strengthened by the departure of two more senior officials. With the unprecedented rate of turnover in personnel, the Fed now appears somewhat short of experience. Chairman Ben Bernanke's job could be made…
National Bank of Georgia - Annual Report 2004
According to the National Bank of Georgia's Annual Report 2004, the high inflationary pressure in the reporting period was unprecedented both from aggregate demand and aggregate supply sides.
HKMA's Yam on East Asian financial markets
In the speech 'East Asian financial markets - The next frontier' given on 22 June Joseph Yam of the Hong Kong Monetary Authority said the successful experience of Asian Bond Fund has laid a strong foundation for enhanced regional cooperation by central…