Economics
Establishing credibility at the ECB
The IIIS Discussion Paper "Establishing credibility: Evolving perceptions of the European Central Bank" looks at the first years of the ECB to consider whether, and how, central bank credibility evolves.
Norges Bank Inflation Report, March 2006
Norges Bank published its First Inflation Report for March 2006 on Thursday 16 March. The overall assessment in the Inflation Report is in line with the strategy in the previous Report.
RBI appoints committee on rupee float
In consultation with the Government of India, the Reserve Bank of India on Monday 20 March appointed a committee to set out the framework for fuller Capital Account Convertibility.
New BOK chief to be named this week
This article published on Tuesday 21 March looks at the changes that will be seen in the Bank of Korea's ranks soon. As well as a new governor, there will also be a significant change in the line-up of the bank's seven-member monetary policy committee,…
Comment: Relaxing capital constraints
Indian policymakers surprised analysts and market participants alike this week by announcing their intention to ease capital restrictions and make the rupee fully convertible. The Indian experience with capital and exchange rate liberalisation bears some…
Deutsche Bundesbank Monthly Report, February 2006
The Deutsche Bundesbank published the English version of its February 2006 Monthly Report on 17 March. The report said Germany's economy will probably return to growth in the first quarter of this year.
Maldives Monetary Authority - Annual Report 2004
According to the Maldives Monetary Authority's Annual Report 2004, economic activity during the year 2004 was very robust up until the last week of the year when the Tsunami disaster struck the islands of the Maldives.
Warsh, youngest-ever Fed governor
According to the article "Warsh, youngest-ever Fed governor, is also one of the richest" published Friday 17 March, Kevin Warsh, and his wife, an heir to the Estee Lauder cosmetics fortune, have at least $65.3 million in assets.
Former Fed chairman G. William Miller dies
G. William Miller, a former Federal Reserve chairman, has died aged 81.
Trichet says no foregone decision on rates
Jean-Claude Trichet, president of the European Central Bank, said on Monday 20 March that its governing council had not already decided to continue with a series of monthly rate increases.
China sees large yuan moves as 'unfavourable'
A senior People's Bank of China official said on Saturday 18 March that large movements in the yuan against the dollar are "unfavourable" for the economy.
Former CBK officials charged with fraud
A Kenyan court on Monday 20 March charged five former senior officials, including former Central Bank of Kenya (CBK) governor Eric Kotut, with fraud and theft in the east African country's biggest corruption scandal.
Comment: Governance and modernisation
A new IMF working paper argues that giving central banks more independence is a powerful way of enhancing corporate governance in these institutions. Although the paper's rigorous empirical approach may help to confirm this uncontroversial insight, its…
Bank of Mexico - Annual Report 2004
According to the Bank of Mexico's Annual Report 2004, Mexico benefited from the continued recovery of the world economy, which recorded its highest rate of growth since the mid-seventies.
ECB's Liebscher sees strong stable growth
Growth in the euro zone remains stable and strong even after the European Central Bank's interest rate hike, ECB Governing Council member Klaus Liebscher said in an interview published on Wednesday 15 March.
Slovak parliament approves NBS vice-governor
Slovakia's parliament approved the nomination of current Deputy Finance Minister Vladimir Tvaroska, 34, as the new vice-governor of the Slovak central bank (NBS) on 16 March.
Poll shows BoK employees favour Lee Seong-tae
Nearly half of the Bank of Korea's staff believe the BoK's vice head Lee Seong-tae is the best candidate for its next governor, a poll reported by Asia Pulse said.
Bank of the Netherlands Antilles - Ann Report 2004
According to the Bank of the Netherlands Antilles Annual Report 2004, the economy of the Netherlands Antilles continued to grow in 2004 albeit at a slower pace than in 2003.
Poole on recent developments in housing markets
In the speech 'Recent developments in housing markets: A national and local perspective' given on 8 March William Poole of the Federal Reserve Bank of St. Louis said the U.S. housing sector may already be cooling but it should level off at high levels…
HKMA Quarterly Bulletin, March 2006
The Hong Kong Monetary Authority published the March 2006 issue of its Quarterly Bulletin on 15 March. The Bulletin includes the article 'Hong Kong's renminbi business two years on - reviewing renminbi business since its introduction in February 2004'.
Federal Reserve Board - Beige Book, March 2006
The Federal Reserve published its March 2006 Beige Book survey on 15 March. U.S. economic activity increased across the country in January and February, with businesses feeling continued input cost pressures, the report said.
Richmond Fed promotes branch officer
The Federal Reserve Bank of Richmond has announced that Steven T. Bareford has been named assistant vice president, Banking Supervision and Regulation, effective April 1, 2006.
Fukui rules out early BoJ rate rise
Toshihiko Fukui, governor of the Bank of Japan, sought to lower expectations on Thursday 16 March that an early interest rate rise would follow the end of the BoJ's ultra-loose monetary policy last week.
Comment: The Fed's 'asymmetric policy'
Donald Kohn said yesterday that the perception that the Fed responds asymmetrically to asset prices is "a misreading of history". Not only has the idea of a 'Greenspan put' been debunked by the experiences of the last five years, but it is also…