Economics

Interview with Malaysia's Zeti

In an interview published Thursday 23 March, Bank Negara Malaysia governor Zeti Akhtar Aziz said the BNM will intervene in foreign-exchange markets to moderate any major outflows, particularly if such moves don't reflect economic fundamentals.

New BOK governor

Lee Seung-tae, designated by President Roh as the Bank of Korea's new governor, inherits both great authority and formidable responsibility, according to this Opinion piece published on Sunday 26 March.

Fed introduces new kids' web page

The Federal Reserve Board on Monday launched a new kids' web page designed to educate middle school students about the Board of Governors of the Federal Reserve System.

Former Mizuho executive may join BoJ board

The Japanese government plans to appoint Tadao Noda, a former deputy president of Mizuho Financial Group Inc. (8411.TO), as a new member of the Bank of Japan's Policy Board, Kyodo News reported, citing government sources.

Bernanke ponders his course

According to this article published on Thursday 23 March, the way ahead for the Fed's policy committee is less obvious now. The US central bank has a new captain, Ben Bernanke, several new crew members and an increasingly uncertain course to steer, it…

ECB paper on the effects of EMU

The ECB Working Paper "What effects is EMU having on the euro area and its member countries? An overview" published March 2006, addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro -- on economic and…

Philadelphia Fed Business Review, 1st Quarter 2006

The Federal Reserve Bank of Philadelphia has published its regular Business Review for the First Quarter 2006. The latest edition includes "A farewell from President Santomero" in which Anthony Santomero, who will step down on 31 March 2006, reflects on…

State Bank of Vietnam urged to modernise

The State Bank of Vietnam has not reached the levels of transparency and accountability required of a successful central bank, a State Bank official was quoted as saying by Vietnam News.

Comment: Trouble brews in Turkey

The political row over the appointment of a new governor for the Central Bank of Turkey threatens to disrupt to the country's financial markets. More fundamentally, the mere suggestion that whoever emerges from the episode as the next governor is a…

CBK's Mullei 'replaced' as governor

Central Bank of Kenya governor Dr Andrew Mullei is to be replaced temporarily at the CBK by deputy governor Mrs Jecinter Mwatela who has been appointed acting governor.

ECB's Issing on the euro

In the speech 'The euro - a currency without a state' given on 24 March Otmar Issing of the ECB said the application of the revised EU stability pact rules to Germany will be the key test of whether the new pact is being applied rigorously.

Riksbank's Oberg on Sweden - low inflation economy

In the speech 'Sweden - a low inflation economy' given on 21 March Svante berg of the Sveriges Riksbank said the latest economic data doesn't significantly change the economic picture outlined by the Riksbank in its February inflation report.

Comment: Park Seung's term expires

Lee Seong-tae is likely to be confirmed as the new governor of the Bank of Korea next week. The incumbent governor, Park Seung, leaves the central bank calling for more independence from the government for his successor.

Money, sex, happiness come to the Bank of England

It was announced this week that David Blanchflower will replace Stephen Nickell on the Bank of England's Monetary Policy Committee from 1 June. This article published on Friday 24 March looks at a research paper Blanchflower co-authored.

Mullei 'must vacate office' - attorney-general

Kenya's Attorney-General, Amos Wako, was quoted in a report by Kenyan Capital FM radio as saying that central bank governor Dr Andrew Mullei must vacate office pending the outcome of a case he is facing before the anti-corruption court for abuse of…

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