Central Banking
Bank of Mexico sets out 2001 inflation goal
Bank of Mexico governor Guillermo Ortiz said on Thursday that the central bank was determined to slash inflation further next year and would keep a tight grip on monetary policy to achieve its goals.
Yemen cenbank governor counts oil blessings
Robust oil prices have helped boost Yemen's foreign reserves to a recordhigh of $2.5bn. The extra revenues are also speeding up economic reformsand the repayment of the country's debts, central bank governor AhmadAbdul-Rahman al-Samawi said.
SARB gets new power on reserves
The South African parliament has given central bank governor Tito Mboweni anew lever of monetary policy, giving him the right to change the definitionof what type of money commercial banks must hold as reserves.
Philippine central bank head said he won't quit
Philippine central bank governor Rafael Buenaventura said on Thursday that he was not quitting in the wake of a deepening political crisis sparked by allegations President Joseph Estrada took a payoff from gambling lords.
Jaime Caruana forecast 2% inflation in 2001
Jaime Caruana, who replaced Luis Angel Rojo as Bank of Spain governor earlier this year, predicted that Spanish inflation would remain nears its 2% limit over the next year.
Euro dips on Eichel comments
The euro dipped yesterday to its lowest London closing price against the dollar since September's joint central bank intervention. This followed comments by German finance minister Hans Eichel that the lack of policy coordination could lead the euro to…
Bank of Korea says room for more demand management
The government needs to manage the nation's aggregate demand properly and improve its import-dependent industrial structure in order to keep the current account balance in the black, the Bank of Korea said yesterday.
Mongolia bank chief outlines core fiscal policy
The core of the fiscal policy for 2001 is to concentrate huge flow of cashoutside the bank operation or facilitate their flow through banks, saidBank of Mongolia governor O. Chuluunbat.
Reserve Bank of New Zealand - Annual Report 2000
The Reserve Bank of New Zealand has published its 2000 annual report.
Montenegro to found central bank
The Montenegrin authorities announced that they are forming a central bank to become the republic's independent organisation responsible for monetary policy, establishing and maintaining a healthy banking system, and effective payment operations.
The Zero Bound in an Open Economy
A very interesting paper by Professor Svensson (Lars.Svensson@iies.su.se) going against the grain oftraditional theories of the cause and solution of Japan's economicdifficulties.
Survey on women in central banking
CentralBankNet has carried out a survey of prominent female central bankers. In total, there are eight women who head central banks (out of a total of 172). CentralBankNet also lists other prominent female central bankers.
Risk Management in Danmarks Nationalbank
This article by Ib Hansen and Christian Olgaard, in line with the National Bank of Denmark's transparency policy, takes an inside look at the way the bank manages financial market risks.
Monetary and Exchange Rate Policies
Book Review: "Monetary and Exchange Rate Policies, EMU and Central and Eastern Europe" by D. Begg, L. Halpern, C. Wyplosz (Forum Report of the Economic Policy Initiative (EPI)), (Centre for Economic Policy Research (CEPR), 1999) 108pp, £25, ISBN…
The Politics of Central Banks
Book Review: "The Politics of Central Banks" by R. Elgie and H. Thompson (Routledge, 1999) 200pp, £60, ISBN 04151442
New monetary policy instrument in Croatia
The Croatian National Bank has decided to introduce unified obligatory reserve requirements on kuna and foreign currency deposits.
Foreign exchange settlement risk
The Basel Committee on Banking Supervision just issued a revised version ofits guidance for supervisors on managing the settlement risk arising fromforeign exchange transactions.
Roth to be new chairman of SNB
Jean-Pierre Roth was chosen to be the next chairman of the Swiss National Bank when Hans Meyer steps down at the end of the year. But the decision was not without controversy. In an unprecendented move, the Swiss finance minister overruled the SNB's…
Latin America: Future inflation convergence
Leonardo Leiderman, head of Latin American Research at Deustche Bank and former head of research at the Bank of Israel, gives a report on the move towards inflation convergence in Latin America.
Jean-Jacques Rey retires from Belgium central bank
Jean-Jacques Rey, a director of the National Bank of Belgium since 17 September 1988, is retiring on 17 September of this year. His current term of office is coming to an end and, at his own request, will not be renewed.
Evolution of the Reserve Bank of Australia
In its annual report published this month, the Reserve Bank of Australia in a one-off special feature takes a historical look at the development of the RBA over the last 40 years. It looks at the changing function of the RBA, and how this is reflected…