Asia-Pacific
HKMA's Yam on the euro
In the speech 'The euro: Lessons for European and Asian financial markets' given on 24 February Joseph Yam of the HKMA said the integration of financial markets in the Asia-Pacific region can be accelerated if financial and monetary authorities in the…
EurAsEC central bankers meet in Belarus
The XIVth session of EurAsEC Council of the heads of central banks was held in Minsk on Monday 27 February.
Thailand's Devakula: Central Banker of the Year
In a speech at the award for Central Banker of the Year - Asia 2006 given on 1 February M R Pridiyathorn Devakula of the Bank of Thailand said in a country where the functioning of financial market mechanism is not fully efficient, there is an important…
Reservations about reserves
According to this article published on Sunday19 February, a race is unfolding in Asia involving currency reserves. The favourite in this game of monetary one-upmanship is China, it says.
Papademos on the euro area economy & emerging Asia
In the speech 'The euro area economy and emerging Asia - current issues and policy challenges' given on 10 February Lucas Papademos of the ECB said market expectations for an ECB rate hike next month are 'reasonable'.
Asia’s bonny bond markets
Asian central banks have been actively promoting domestic bond markets. Anthony Rowley reports.
BIS plans to deepen its involvement in Asia
The Bank for International Settlements on Monday announced initiatives to deepen its relationship with its Asian shareholders.
Comment: BIS looks east
The Bank for International Settlements (BIS) on Monday announced its intention to "deepen its relationship" with Asian central banks. The most interesting and challenging aspect of the initiative is the proposed "extension of banking services in the…
Developing corporate bond markets in Asia
Thirty participants including high-level officials from central banks in Asia and the Pacific, the European Central Bank and the BIS took part in the BIS/PBC seminar held in Kunming, China on 17-18 November 2005.
Big reserve holders in Asia
The president of the Asian Development Bank, Haruhiko Kuroda, told Dow Jones newswires yesterday that "emerging economies in Asia are well advised to decelerate the accumulation of foreign exchange reserves". "Many of them have more than enough", he said.
Asian reform
In this speech given at a Wharton business school forum in Mumbai on 6 January, 2006, the governor of the Bank of Thailand, M R Pridiyathorn Devakula, argues that fast growing intra-regional trade between east Asian economies provides evidence that the…
Fed says foreign central banks boost debt holdings
Federal Reserve data released on Thursday 19 January showed foreign central banks were net buyers of US debt in the latest week, with purchases of agency securities slightly exceeding a decline in Treasury holdings.
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.
Gold rises on central bank buying rumours
The gold price had been lent further momentum by investors anticipating central banks would deliver on comments they would buy gold, Bloomberg News reported.
Asian FX intervention may have less bite this time
Asian central banks have made it clear they are not happy with a surge in their currencies as 2006 gets under way, this article published on Friday 6 January notes.
MAS's Tong on strengthening Singapore's position
In the speech 'Strengthening Singapore's position as a leading financial centre in Asia' given on 29 November Goh Chok Tong of the Monetary Authority of Singapore said we are living in exciting times in Asia. The economic centre of gravity is shifting…
Singapore's Tong on riding the Asian tide
In the speech 'Riding the Asian tide' given on 8 November Goh Chok Tong said the rise of China and India will shift the global economic centre of gravity from West to East.
RBA's Stevens on Asia's financial system
In a speech to the 18th Australasian Finance and Banking Conference 2005 given on 14 December Glenn Stevens of the RBA said the development of Asia's financial system had not kept pace with its rapidly accelerating economies.
Foreign exchange reserves in emerging Asia
The Bank of Canada Working Paper "An empirical analysis of foreign exchange reserves in emerging Asia" published December 2005 asks how far is the current level of US-dollar foreign exchange reserves held by Asian central banks from that predicted by the…
When will Asian central banks buy into gold?
This article published on Friday 2 December asks what would happen to the gold market if central banks in Asia decided to follow the recent trend and increase their gold reserves?
Hedge funds bet Asia will boost gold reserves
According to this article published on Tuesday 29 November, hedge funds, after sending the gold price to an 18-year high, are looking to China and other Asian central banks as the next big drivers of the precious metal.
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…
ECB's Trichet on Eurasia: Bull meets tiger
In the speech 'Eurasia: Bull meets tiger - Panel III - Financial markets: Shared responsibility' given on 18 November Jean-Claude Trichet of the ECB said the experiences of Europe and the Asia-Pacific region with regard to regional surveillance present…
Weber on challenges to the global economy
In the speech 'Challenges to the global economy' given on 18 November Axel Weber of the Deutsche Bundesbank said greater currency flexibility in parts of Asia is essential for resolving global economic imbalances whereas structural reform in Europe would…