Economics
Fukui says BoJ will 'carefully watch' markets
Bank of Japan governor Toshihiko Fukui told a parliamentary hearing on Tuesday 13 June that the central bank will "carefully watch" the impact of financial markets on the real economy.
Clearly, Greenspanese isn't his language
According to this article by The New York Times, published Sunday 11 June, Federal Reserve chairman Ben Bernanke has shown in recent comments that he knows how to send a message.
The brave new world of central banking
At the dawn of the 21st century, property and equity ownership are spread more broadly across the population than they once were, according to the Czech National Bank Working Paper "The brave new world of central banking: The policy challenges posed by…
Philadelphia Fed Business Review, 2nd Quarter 2006
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2006. Articles cover wage cyclicality, collateral, the relationship between technology and increased skills among workers, and an update to…
BIS Quarterly Review, June 2006
The Bank for International Settlements published its June 2006 Quarterly Review on Monday 12 June. The report said concern about the pace of recent share market gains has prompted investors to shift away from risky assets and to switch to highly rated…
RBNZ publishes history book
The Reserve Bank of New Zealand history book 'Innovation and Independence: the Reserve Bank of New Zealand 1973-2002', was published by Auckland University Press on Monday 12 June.
Fed's Reinhart: Draw firm line on inflation
Top U.S. Federal Reserve staffer Vincent Reinhart said on Friday 9 June that experience tells us it is important to draw a firm line in the fight against inflation.
G8 express optimism on world economy
Finance ministers from the G8 nations predicted a year of strong economic growth on Saturday 10 June at a meeting in St. Petersburg.
ECB's Gonzalez-Paramo on global imbalances
In the speech 'Central banks and global imbalances: Introduction to the round table' given on 9 June Jose Manuel Gonzalez-Paramo of the ECB said the ECB takes account of the euro's exchange rate when it sets interest rates, but it is only one factor in…
Guynn on the next stage of the housing cycle
In the speech 'Adjusting to the next stage of the housing cycle' given on 7 June Jack Guynn of the Federal Reserve Bank of Atlanta said core inflation may have already breached its acceptable upper level and the Federal Reserve must be ready to reset…
ECB's Papademos on central banks in 21st century
In the speech 'Central banks in the 21st century' given on 8 June Lucas Papademos of the ECB said he agrees that asset price bubbles are difficult to identify in real time and are thus often only identified ex post.
BOJ's Iwata sees chance of sustained growth
Bank of Japan deputy governor Kazumasa Iwata said on Thursday 8 June that Japan's economy was moving from a period of deflation to normal growth.
Senate likely to vote on Fed's Kohn June 14
The U.S. Senate Banking Committee will likely vote on the nomination of Federal Reserve Board Governor Donald Kohn to be vice chairman at the central bank on June 14, a spokesman was quoted as saying on Thursday 8 June.
Bernanke's Commencement address
In the speech 'Commencement address' given on 9 June Ben Bernanke of the Federal Reserve said the revival in U.S. business productivity since the mid-1990s still has some way to run.
Comment: Papademos on asset bubbles
In a speech in Madrid last week, the ECB vice-president, Lucas Papademos, drew a line of distinction between the ECB's policy on asset prices and that of the US Fed. In doing so he sought to communicate that the Issing legacy is firmly in tact.
White House's Lazear: Stocks slide not alarming
Top White House economist Edward Lazear on Thursday 9 June played down concerns about recent declines in U.S. stock prices and weakness in the U.S. dollar.
Regime change?
According to this article by Steve Hanke, published 5 June 2006, in the months before the meetings of the International Monetary Fund and World Bank in April, the IMF appeared to be in its twilight.
Bank of Spain governor appointed to IMF post
The IMF said Wednesday 7 June it has appointed Bank of Spain governor Jaime Caruana as head of a new IMF department that will be responsible for all aspects of the Fund's financial, capital market and monetary work.
Brazil's Meirelles says growth is sustainable
In an address to foreign investors on the first day of the International Conference of American Chambers of Commerce in Latin America, the president of Brazil's central bank, Henrique Meirelles, affirmed that Brazilian growth is sustainable.
Kohn: Nomination as Vice Chairman to the Board
In testimony given on 8 June Donald Kohn of the Federal Reserve said that rising prices had raised an inflation "warning flag" that demanded attention, in the latest hawkish remarks from central bank policymakers.
What drives volatility persistence in FX market?
The Federal Reserve Board Discussion Paper "What drives volatility persistence in the foreign exchange market?" published May 2006 analyses the factors driving the widely-noted persistence in asset return volatility using a unique dataset on global euro…
Fed's Bies on effective risk management
In the speech 'Challenges of conducting effective risk management in community banks' given on 6 June Susan Schmidt Bies of the Federal Reserve said US banking regulators are warily eyeing concentrations of commercial real estate loans and worry some…
New York Fed's Economic Policy Review, May 2006
The Federal Reserve Bank of New York has published the May 2006 edition of its Economic Policy Review. The latest edition includes the article "Trading risk, market liquidity, and convergence trading in the interest rate swap spread".
BIS's Knight on globalisation & financial markets
In the speech 'Globalisation and financial markets' given on 22 May Malcolm Knight of the BIS discusses the consequences of the liberalisation of international transactions in financial instruments by many countries.