Transparency
'No change' to rouble exchange policy
RUSSIA - The new chairman-designate of Russia's central bank yesterday moved swiftly to reassure the financial markets that there would be no change to rouble exchange rate policy, while hinting at greater transparency in the management of his…
Fed best at policy communication? Not necessarily
UK - If you thought the U.S. Federal Reserve was the paradigm of central bank transparency while the European Central Bank struggled to communicate policy, think again. This comes from a recent report entitled "How Do Central Banks Talk?" published by…
Philippines C bank move to raise bank transparency
PHILIPPINES - The Philippine central bank will soon issue additional disclosure requirements to make banks more transparent, while encouraging more foreign participation in the local banking sector, said central bank deputy governor Alberto Reyes.
Regulators to order banks to publicly reveal more
PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP) will soon implement stricter disclosure requirements for banks as part of its thrust to promote greater transparency in the industry.
Communicating Canadian monetary policy
SPEECH - Paul Jenkins, Deputy Governor of the Bank of Canada has made a speech titled 'Communicating Canadian monetary policy: towards greater transparency'. He was speaking at the Ottawa Economics Association, Ottawa, on 22 May.
International Economic Review article
RESEARCH - Jon Faust and Lars E. O. Svensson of the Board of Governors of the Federal Reserve, writing in the International Economic Review, define and study transparency, credibility, and reputation in a model where the central bank's characteristics…
Rationale for transparency in central banking
SPEECH - The vice chairman of the Federal Reserve, Roger Ferguson, in a speech on central bank transparency, said that a transparent central bank will not always make its decision widely predictable.
Overhaul at Bank of Thailand
ARTICLE - In an article published in the Far Eastern Economic Review, ShawnCrispin considers the impact that Chatumongkol Sonakul has had on the Bank of Thailand since his appointment as governor.
House committee urges RBA to increase transparency
AUSTRALIA - A two-year study of international financial markets by Australia's House of Representatives economics committee has concluded that the the Reserve Bank of Australia has to explain more about its monetary policy decisions and economic thinking.
Optimal Degrees of Transparency in Monetary Policy
ARTICLE - According to most academics and policymakers, transparency in monetary policymaking is desirable. However, an article by Henrik Jensen titled "Optimal Degrees of Transparency in Monetary Policymaking" says that high transparency may be a policy…
Singapore MAS to brief on mon policy twice a year
The Monetary Authority of Singapore said on Feb 26, 2001 it will hold a media briefing twice a year on its monetary policy in an effort to raise transparency.
'Why adopt transparency? Publishing forecasts'-ECB
A new ECB working paper by Petra Geraats has been published called "Why adopt transparency? The publication of central bank forecasts". It provides an explanation for the puzzling fact why several central banks have recently abandoned the usual secrecy…
IMF publishes codes for transparency
The International Monetary Fund (IMF) has established a section on its public website (http://www.imf.org/hrd/index.htm) dedicated to highlighting guidelines and issues related to staff ethics, financial disclosure and dispute resolution.
New research from CEPR
Summaries of new discussion papers from the Centre for Economic Policy Research can be obtained on the CEPR website at www.cepr.org
Optimal Degrees of Transparency in Mon Pol-Jensen
"Optimal Degrees of Transparency in Monetary Policymaking" is a new discussion paper by Henrik Jensen published by the Centre for Economic and Policy Research in London. He discusses the advantages and disadvantages of transparency. A good paper for all…
OECD calls for 'greater clarity' from BOJ
While the future looks more positive for Japan, significant reforms including greater transparency from the Bank of Japan still need to be made, the Organisation for Economic Development and Cooperation said Wednesday in its annual economic survey of…