Economics
Book on Economic Integration in South East Asia
The research department of the Nepal Nastra Bank's international financial division recently published a book on economic integration in South East Asia.
G10 report on pension reform released
A report on the implications of ageing and pension system reform for financial markets and economic policies, requested by the Group of 10 was released earlier this week.
Georgian battle over CB capital
The National Bank of Georgia (NBG) and the government look set for a stand-off over the bank's capital.
Comment: Issing - federal deficit not to blame
At a Banque de France symposium on globalisation on Friday, Ottmar Issing of the ECB added his voice to those arguing that the root of global imbalances do not lie with the US budget deficit.
Fed's Ferguson on monetary credibility & inflation
In the speech 'Monetary credibility, inflation, and economic growth' given on 3 November Roger Ferguson of the Federal Reserve said that central bankers must use "all our tools" to stop inflationary expectations from taking hold in the economy.
Norges Bank Inflation Report, November 2005
Norway's central bank, Norges Bank, has published its latest Inflation Report for November 2005. After a period of very low consumer price inflation, there are prospects that inflation will again rise at a faster pace, the report says.
IMF's Rato on building better institutions
In the speech 'Building better institutions' given on 3 November Rodrigo de Rato of the IMF said central banks in emerging markets that used inflation targeting not only reduced inflation but experienced less volatility.
Interview with PBOC's Tang Xu
In an interview published on Wednesday 2 November, Tang Xu, director-general of the research bureau of the People's Bank of China, said China's economy has already achieved its long-awaited landing even with growth rates around 9 percent.
Swaziland appoints new board member
Finance Minister Majozi Sithole has appointed Swaziland Finance and Development Corporation CEO Vincent Mhlanga to the Central Bank of Swaziland's Board of Directors.
Ireland's Hurley ranked tops for pay
Central Bank of Ireland governor John Hurley was listed as the third-highest paid governor in the twelve-nation eurozone this week, even though he leads the smallest central bank.
Chicago's Moskow on the future of higher education
In a speech given on 2 November Michael Moskow of the Federal Reserve Bank of Chicago said an evolving economy means education, productivity and economic growth are more closely linked than ever at a time U.S. universities are under mounting financial…
Lazear may replace Bernanke on Advisory Council
US President George W Bush may replace Ben Bernanke with Edward Lazear as chairman of the White House Council of Economic Advisers, a report quoted sources as saying.
Bank of Japan's course might renew deflation
This article published on Friday 4 November says that while caution may be a good trait for central bankers when it comes to inflation, in the case of Japan, it's totally misplaced.
With Bernanke at bat, Fed will target inflation
According to this recent article, Ben Bernanke will devote significant staff resources to further study on issues he has spoken and written about, when he takes over at the Fed. And the advantages of his approach will become overwhelming enough in the…
Former World Bank chief moves to Citigroup
Citigroup said this week that James D. Wolfensohn, 71, who left as president of the World Bank last spring after 10 years at the helm, would serve as a global strategy adviser to senior management and clients.
Dallas Fed's Fisher wants smooth transition
Dallas Fed president Richard Fisher said on Thursday 3 November that the Federal Reserve should ensure it has a smooth changeover in its chairmanship before it starts debating issues like inflation targeting.
Markets well prepared for rate hike says Stark
Bundesbank Vice-President Juergen Stark said in an interview on Friday 4 November financial markets are well prepared to digest an interest rate hike by the European Central Bank.
New deputy governor appointed to ECCB
Trevor Brathwaite, Permanent Secretary, Ministry of Finance, International Financial Services and Economic Affairs, St Lucia, was appointed Deputy Governor of the Eastern Caribbean Central Bank (ECCB) this week.
Comment: Who's to blame for global imbalances?
The issue of the global economic imbalances has become a very political one. Does the current system of largely floating exchange rates allow for a resolution based on careful economic analysis or are we destined for a prolonged series of political…
Estimating China's 'equilibrium' real ex rate
This IMF Working Paper looks at a sample of studies that have attempted to estimate the "equilibrium" real value of China's currency. It suggests the wide variation in such estimates can be explained by various factors including the different…
Fed Reserve Bank of St Louis Review, Nov/Dec 2005
The latest edition of the St Louis Fed's Review for Nov/Dec 2005 includes the article "An analysis of recent studies of the effect of foreign exchange intervention" which surveys recent empirical studies of the effect of foreign exchange intervention and…
Fed's Greenspan on the economic outlook
In testimony 'Economic outlook' given on 3 November Alan Greenspan of the Federal Reserve said the U.S. economy has good momentum, but cautioned that the prospects for keeping inflation under control were more problematic.
King seeks vengeance for 12-year siege
The governor of the Bank of England, Mervyn King, left no one in any doubt that he wanted vengeance against those who had pursued the Bank and 22 of its staff for 12 years, this article published Thursday 3 November notes.
BCCI v Bank of England - Court transcript
A transcript of the Court Session held on 2 November has been released following the collapse of the court case brought against the Bank of England by Deloitte as liquidators for BCCI. Nicholas Stadlen, the bank's lawyer, said the decision to drop the…