Economics

Time to judge the whole record of Alan Greenspan

According to this article published Thursday 19 January, Alan Greenspan was widely seen as giving his blessing to the tax cuts of 2001 - the beginning of the end of a solid decade of progress on fiscal discipline.

Bank of England demands costs for legal case

The Bank of England is making a demand for costs of up to £80 million for legal costs incurred defending the failed £850 million lawsuit by accountancy giant Deloitte, liquidator of the scandal hit Bank of Credit & Commerce International.

Gambia plans central bank reform

Famara Jatta, Governor of the Central Bank of The Gambia, has said that the bank has started work on reforms within the framework of a restructuring exercise for the enhancement of national economic statistics preparation and processing.

Comment: Geithner sounds a loud warning

For the second time this month New York Fed president and vice-chairman of the rate-setting Federal Open Market Committee, Timothy Geithner, has publicly adopted a view on a major policy issue that differs substantially from that of incoming Fed chairman…

Bank of Japan Monthly Report, January 2006

The Bank of Japan published the English version of its January 2006 monthly report on 24 January. In its report the BOJ upgraded its assessment of the economy for the first time in five months, saying it is now showing a "steady" recovery.

BoE's Lambert 'admired' King's rate decision

In the speech 'Central bank communications: Best practices in advanced economies' given on 23 January Richard Lambert of the Bank of England, a former editor of the Financial Times, highlighted the likely change in communication at the Federal Reserve,…

Central Bank of Turkey - Annual Report 2004

According to the Central Bank of Turkey's Annual Report 2004, following an era of high and chronic inflation, the stabilization program which started to be implemented in 2001, has been successful in reducing inflation.

RBI's Reddy on central bank communications

In the speech 'Central bank communications: Some random thoughts' given on 23 January YV Reddy of the Reserve Bank of India said increased responsibility of maintaining financial stability and adopting inflation targeting has resulted in India adopting a…

Former Bank of Lebanon governor dies

Edmond Naim, who as governor of the Central Bank of Lebanon from 1985-1991, kept the country's finances functioning during the last five years of the civil war, has died at the age of 88.

Richmond's Lacker on the economic outlook for 2006

In the speech 'The economic outlook for 2006' given on 18 January, Jeffrey Lacker of the Federal Reserve Bank of Richmond said it's still "too soon" to say the threat to inflation presented by soaring energy prices is over.

Bank of Uganda - Annual Report 2003-2004

In 2003/04 the economy registered a growth rate of 5.8 percent in real terms compared to 4.9 percent in the previous financial year, according to the Bank of Uganda's Annual Report 2003-2004.

ECB's Trichet on euro area structural reforms

In the speech 'Growth performance, labour productivity and structural reforms in the euro area', given on 20 January Jean-Claude Trichet of the ECB said that when looking at the necessary structural reforms in Europe the key word is "flexibility".

Interview with PBOC's Ma Delun

In comments published on Friday 20 January, People's Bank of China Assistant Governor Ma Delun said the market is determining the yuan's exchange rate, rejecting US criticism that the Chinese authorities are keeping the currency artificially weak to help…

Philipp Hildebrand to chair the Deputies of G10

Following a proposal by Giulio Tremonti, Italy's Finance Minister and current Chairman of the Group of Ten, Philipp Hildebrand, a member of the Swiss National Bank's Governing Board, was appointed Chairman of the Deputies of the Group of Ten on Monday 23…

Fed's Poole: Rate rise forecast 'sensible'

St. Louis Fed President William Poole said in an interview published on Monday 23 January that inflation is less worrying now but one or more interest-rate hikes by the Fed could be considered a "sensible forecast".

SF Fed's Yellen on 2006: A year of transition

In the speech '2006: A year of transition at the Federal Reserve' given on 19 January Janet Yellen of the Federal Reserve Bank of San Francisco said a quantified inflation target would help the Federal Reserve meet policy challenges and its adoption…

Pushed, prodded, Greenspan leaves openness legacy

This article published on Wednesday 18 January says one of the abiding legacies Alan Greenspan will leave behind when he departs the Federal Reserve at the end of January is a major shift toward openness at the U.S. central bank.

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