Opinion

Enough said, Mr. Park

This Editorial published on Friday 13 January urges Bank of Korea Governor Park Seung not to cause any more losses to the country through his verbal mistakes. Following comments made Thursday by Mr Park, the won surged immediately, causing a big…

Alan Greenspan - Monetary myopia

The accolades bestowed upon Alan Greenspan ahead of his retirement on January 31st have a strong whiff of irrational exuberance, according to this article published on Thursday 12 January. "Does he really deserve such uniform praise?" it asks.

Asian FX surge eases tightening need

Central banks in Asia could be starting to reap the benefits from a recent surge in regional currencies, according to this article published on Thursday 12 January, by possibly tightening monetary policy less than previously thought.

Fixing the RBI`s own monetary policy

This article published on Thursday 12 January says the Reserve Bank of India has an absurd officer-to-staff ratio and poor salary structures. And the staffing structure is lopsided in favour of non-officers, it says.

Lull in hostile criticisms from politicians

The New Year seems to have started on an unusually harmonious note as far as relations between central banks and politicians are concerned. With policy interest rates on hold in the UK and euro areas, and perhaps soon to reach a plateau in the US,…

Federal Reserve needs English elocution lessons

Once Ben Bernanke becomes Federal Reserve chairman after the bank's 31 Jan meeting, suggests this article published on Tuesday 9 January, a top priority should be ending the textual semaphore that's become the central bank's way of not quite…

Jurgen Stark on the IMF's strategic direction

In an Editorial published on Friday 6 January, Jurgen Stark, currently vice president of the Deutsche Bundesbank, says efforts to strengthen the IMF's surveillance function and the so-called "exceptional access framework" - must now be locked in and…

Fed speeches may send investors in wrong direction

This article published on Saturday 7 January reports on research presented in Boston by Vincent Reinhart, director of the Fed's monetary affairs division, and Brian Sack, a former Fed economist which says Federal Reserve speeches "are the least accurate…

Fed may take pass at Jan. 31 meeting

According to this article published on Thursday 5 January, there's an outside chance the Federal Reserve could pass on raising rates on 31 January following 25-basis-point moves at each of the last 13 meetings. The next move skywards would put the Fed's…

ECB's message can get lost in translation

On occasions the European Central Bank's monthly news conferences on interest rates can be as much an exercise in linguistic guesswork as a window on the thinking of the world's number two central bank, according to this article published Wednesday 4…

Fed can see an end to interest rate increases

Federal Reserve officials may be close to ending the series of interest-rate increases they started 18 months ago, according to this article published on Wednesday 4 January, though they will keep going as long as necessary to combat inflation, it says.

Scandals spotlight Italy's regulatory cracks

According to this article published on Wednesday 21 December, Bank of Italy Governor Antonio Fazio's resignation has highlighted the deep problems in Italy's regulatory structure - a system of feeble financial controls which Fazio spent his last months…

Size matters and China just got much bigger

According to this article published on Wednesday 21 December, China, an economy few central bankers, economists and pundits thought about three years ago just leapfrogged over the UK, France and Italy to become the world's fourth largest.

BOJ's monetary policy

This article published on Tuesday 20 December addresses the question of when the Bank of Japan should end its exceptionally easy credit policy which, it says, is stirring a bitter debate among policy-makers.

Comment: The benefits of Basel II's colleges

How efforts to implement the new Basel accord are yielding unexpected benefits, with supervisors finding that through their meetings in "colleges", they are learning more about each other's business, how they approach their work and what they need from…

Fed breaks pattern, signals replace promises

According to this recent article, the Federal Reserve's latest FOMC statement marks the end to an extraordinary 18-month period during which they telegraphed exactly what they were going to do at their next policy-making meeting.

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