Economics
Draghi on Italy's improving finances
Italy's public finances continued to improve in 2007, allowing for the excessive deficit procedure started by the European Commission in 2005 to be stopped, said Mario Draghi, the governor of the Bank of Italy.
Beige Book: US growth deteriorating
The Federal Reserve's Beige Book, which reports economic trends from the regional Feds, reveals a slowdown in growth compared to June.
US main target for petrodollar recycling
The United States continue to be the main recipient of oil-related financial funds from Gulf countries, according to a new research from the European Central Bank.
Bank of Italy - Annual Report 2007
The Bank of Italy's latest Annual Report spells out the central bank's plans for reorganising its head office, branch network and representative offices.
Solomon Islands - Annual Report 2007
Rick Hou, the governor of the Central Bank of the Solomon Islands, highlighted 11 policy issues and challenges in his remarks on the central bank's latest Annual Report.
Independent central bank vs myopic government
A new paper published by the International Monetary Fund analyses a series of games between a benevolent central bank and a myopic government in a New Keynesian model.
Turkish industry's response to competition
Turkish manufacturers reacted to intensive trade competition from low-cost countries and substantial exchange-rate fluctuations during the last decade with increased productivity, product differentiation and wage growth moderation, says a new paper from…
Southern Africa: regional cooperation vital
Regional integration that enhances economic growth is a vital objective of Southern African governments, said Xolile Guma, a deputy governor of the South African Reserve Bank.
Ireland to watch fiscal budget
The slowing of growth coupled with the risks facing the economy presents significant issues for fiscal policy, said John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland.
Ex-Polish PM to head IMF's European department
Marek Belka, a former Polish prime minister and finance minister, will become the new head of the International Monetary Fund's (IMF) European Department. He will be the first Central European to take the role.
Bank of Korea - Annual Report 2007
The total assets of the Bank of Korea rose by almost 7% during 2007, the central bank said in its latest Annual Report.
Philippines' Tentango on links with banks
Amando Tetangco, the governor of the Central Bank of the Philippines, said that the institution should foster stronger links with the country's banking sector.
Japan lowers growth forecast
The Bank of Japan has revised down its growth estimate for this year on the back of flagging business fixed investment and poor private consumption figures.
Bernanke on the causes of the oil price surge
Ben Bernanke, the chairman of the Federal Reserve, told Congress on Tuesday that soaring oil prices were most likely the result of supply and demand factors, not speculation.
Central Bank of Ireland - Annual Report 2007
The Irish economy will suffer a significant reduction in output growth this year, John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, says in the latest edition of the institution's Annual Report.
King declines bumper pay hike
Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.
UAE's Suwaidi wins fifth term
Sultan Bin Nasser al-Suwaidi, the governor of the Central Bank of the United Arab Emriates (UAE), will serve another four-year term.
Central Bank of the UAE - Annual Report 2007
Financial markets in the UAE witnessed an increase in trade volumes during 2007, the latest edition of the Central Bank of the UAE's Annual Report states.
New insights on stock returns
A paper by Banque de France aims to give new insights about short- and long-run dependencies in stock returns.
Globalisation and the euro area
Globalisation has benefited the euro area in several ways, research published by the European Central Bank shows.
HKMA's Yam on Asia's prospects
Asia is a region of rising global importance, particularly in terms of finance, says Joseph Yam, the chief executive of the Hong Kong Monetary Authority.
For how long can the US deficit be sustained?
Federal Reserve research suggests that it would take many years for the US debt to reach a level that would test global investors' willingness to extend financing.
How to predict global stock returns
Short interest rates and term spreads are fairly robust predictors of stock returns in developed markets, research published by the Federal Reserve finds.
Community banks can thrive: RBA's Stevens
A role still exists for the community banking model, says Glenn Stevens, the governor of the Reserve Bank of Australia.