Economics
Uncertainty over second term for Serdengecti
Turkish economists are asking whether the government will give central bank governor Sureyya Serdengecti a second five-year term to avoid any turmoil in financial markets.
BoE's Barker on economic stability
In the speech 'Economic stability and the business climate' given on 24 November Kate Barker of the Bank of England said risks to the nation's economic growth are to the downside but the recent rise in inflation could still push up price expectations in…
Canada's Duguay on economic & financial storms
In the speech 'Weathering economic and financial storms' given on 24 November Pierre Duguay of the Bank of Canada discusses how the Bank of Canada works with its public- and private-sector partners to strengthen the Canadian financial system and to make…
Bernanke for Asia? Mundell seems to think so
According to this article published on Thursday 24 Novemver, even before Ben Bernanke is confirmed as the next chairman of the Fed, a Nobel-winning economist has come up with a plan that seeks to make Alan Greenspan's successor the monetary boss of Asia…
Germany supports former Polish PM as OECD chief
Outgoing German Chancellor Gerhard Schroeder said recently that both he and designated chancellor Angelor Merkel supported former Polish Prime Minister Marek Belka as the new chief of the Organization for Economic Cooperation and Development.
Lessons from Italian monetary unification
This Working Paper, published November 2005, examines whether the states brought together in the Italian monetary union of the nineteenth century constituted an optimum monetary area, either before or after unification.
Fed nominee's life rooted in numbers
The background and upbringing of Federal Reserve nominee Ben Bernanke is detailed in depth in this article published this week. From his counting ability at aged 3, to his decision to study economics rather than majoring in English at Harvard. While…
Interview with ECB's Quaden
In an interview published on Tuesday 22 November, European Central Bank Governing Council member Guy Quaden said the ECB needs to tackle the problem of negative real interest rates in Europe, but this does not mean slamming the brakes on growth.
Interview with Richmond Fed's Lacker
In an interview published this week, Federal Reserve Bank of Richmond President Jeffrey Lacker said that as far as he is concerned it is clear "we're not done removing accommodation," suggesting US interest rates have further to rise.
Interview with ECB's Trichet
In an interview published on Thursday 24 November, European Central Bank President Jean-Claude Trichet said he doesn't foresee "repeated" rises in eurozone interest rates.
Plenderleith to retire from SARB
South African Reserve Bank deputy governor Ian Plenderleith will retire at the end of his three-year contract on 31 December 2005, an SARB spokesperson was quoted as saying this week.
The Bank of Canada: An Illustrated History
The Bank of Canada published a book commemorating its 70th anniversary on Wednesday. The Bank of Canada: An Illustrated History is filled with interesting images and anecdotes about the Bank and its place in Canadian society from 1935 until now.
President 'Arrovo' blunder prompts banknote recall
The Philippines central bank suffered embarrassment this week when it was noticed that 100 peso (US$1.80) bank notes had been issued with the surname of President Gloria Macapagal Arroyo spelled "Arrovo," with a "v."
Bank of England's Lomax: 'dollar looks a good buy'
Bank of England deputy governor Rachel Lomax said on Thursday 24 November that the "dollar looks a good buy" because of interest rate differentials and other factors.
EU's Almunia sees gradual rise in euro area demand
European Monetary Affairs Commissioner Joaquin Almunia said on Thursday 24 November he expects a gradual rise in domestic demand to boost recovery in the European Union economy next year.
BoJ should not decide policy shift alone- Takenaka
The Bank of Japan alone should not decide on the timing of an end to its super-loose monetary policy, Kyodo News quoted Heizo Takenaka, Minister for Internal Affairs and Communications as saying.
EU Competition Commissioner backs Italy action
The EU competition commissioner said Friday 25 November that she would support plans to take legal action against the Bank of Italy.
Germany facing confidence crisis says Buba's Stark
Germany faces a crisis of confidence and its public finances are out of control, leading German central banker Juergen Stark said on Thursday 24 November.
Bollard on monetary policy & economic performance
In the paper 'Monetary policy and economic performance: The experience of New Zealand' presented on 15 November at the conference commemorating the 80th anniversary of the Banco de Mexico Alan Bollard said over the past five years, New Zealand has been a…
Sweden's Bergstrom on the labour market
In the speech 'The labour market and wage formation' given on 22 November Villy Bergstrom of the Sveriges Riksbank said developments in the labour market have been weak despite several years' firm economic growth.
St Louis's Poole on the US current account deficit
In the speech 'How dangerous is the U.S. current account deficit?' given on 9 November William Poole of the Federal Reserve Bank of St. Louis said the situation facing the United States is deeply different from that facing nations that have experienced…
Mervyn the weatherman
Does Mervyn King prefer isobars to interest rates? In an appearance before the Treasury Committee on Thursday 24 November, the governor of the Bank of England revealed his interest in one of the few professions which can compete with economists on the…
Comment: Bank Indonesia wins praise
The oil price increase has caused headaches for monetary policy-makers around the world but has posed particular challenges for developing economies such as Indonesia, which operates an extensive system of oil subsidies.
BoJ minutes show talk on best deflation gauge
The nine members of the Bank of Japan's policy board discussed whether the consumer price index is the best indicator to gauge an end to deflation, according to minutes of the meeting released Thursday 24 November.