Opinion
Jarai named next MNB head - Varga to replace him
Finance minister Zsigmond Jarai was nominated to succeed Gyorgy Suranyi as president of the National Bank of Hungary last week, ending months of speculation. The Budapest Business Journal reports.
Dariusz Rosati defends Poland's monetary policy
Dariusz Rosati, former finance minister and member of the central bank's monetary policy council (RPP), responded in a recent issue of the current affairs weekly Polityka to a critical article by Professor Andrzej Sopocko. Edited excerpts follow.
Interview with Nancy Stokey - The Region
Nancy Stokey and her University of Chicago colleague and partner, Nobel Laureate Robert E. Lucas Jr., chose to spend a semester's sabbatical at the Minneapolis Fed this autumn. Arthur Rolnick, the Minneapolis Fed's director of Research, took this…
Zimbabwe: Interest rates drop as inflation falls
This article is from Zimbabwe's Financial Gazette said that a surprise fall in Zimbabwe's inflation rate should be viewed a temporary. The subsequent reductions in interest rates by the central bank are therefore short-term, says the article.
Economists agree-Bush should befriend Greenspan
This article by Jacob M. Schlesinger from the Wall Street Journal says that the new US president, George W Bush, should learn to cultivating the US Federal Reserve chairman Alan Greenspan.
What the BoE can learn from the Federal Reserve
In a "Letter to the Editor" in the Financial Times, Blair Baker says what the Bank of England can learn from the Federal Reserve, following Don Kohn's report on the problems with the BoE inflation forecast.
SEC eyes tougher options rules
US securities regulators are close to proposing tougher new rules over the disclosure and approval of stock option plans by US companies. By John Labate in New York, The Financial Times.
Dutch inflation harms competitive position-Wellink
The Netherlands' competitive position is deteriorating due to inflation above the European average and higher wage demands, Dutch central bank president Nout Wellink said in an interview with a Dutch newspaper.
Canada's dollar - to fix or not -Friedman, Mundell
In an exclusive e-mail exchange arranged by Canada's Financial Post, Nobel Prize-winning economists Milton Friedman and Robert Mundell debate the future of the world currency system, from the euro to the Canadian dollar. This is the second installment in…
Interview: Howard Davies
Following the passage of the Financial Services and Markets Act, the UK'sFinancial Services Authority is gearing up to assume full legal powers as the UK'ssingle regulator. In an exclusive interview, Howard Davies, FSA chairman andchief executive,…
Decoding the codes - is it worth the effort?
In the latest issue of The Financial Regulator, Lionel Price, Managing Director at Fitch Ratings, asks whether regulatory minimum standards can do the job expected of them.
Ten commandments for supervising mega-firms
If supervisors are to contain the risks posed by global financial conglomerates,urgent changes are needed. George J. Vojta, former vice-chairman of BankersTrust, proposes ten principles for supervising systemically important financialinstitutions.
Combating harmful tax practices
The OECD wants to stop wealthier taxpayers leaving the poor to foot the tax bill. In the latest issue of "The Financial Regulator", Dr William Witherell, Director, Financial, Fiscal and Enterprise Affairs, OECD, addresses some misunderstandings about the…
Principles for financial plumbers
Payment systems, the "plumbing" underpinning international capital markets, aretoo often ignored. John Trundle from the Bank of England, who recently helpeddevise new standards for payment system safety, explains what changes areneeded in the latest…
Friedman v. Mundell on exchange rates
Canada's Financial Post asked the two Nobel laureates Milton Friedman and Robert Mundell to participate in an exclusive e-mail debate about each other's views on modern day economics. Below we reprint the debate which was publish in the Financial Post on…
Fed likely to pass buck on predatory lending
An article published in the American Banker journal says that consumer groups hoping for the Federal Reserve Board to start cracking down on predatory lenders may be sorely disappointed when the central bank takes up the issue Wednesday.
EC put pressure on Germany's Landesbank reform
The following is an article from The Economist magazine entitled "Under pressure from the European Commission, Germany's public-sector banks are thinking openly about reforming themselves."
Whither Bank Indonesia?
Should Bank Indonesia be re-capitalised like its neighbour in the Philippines to prevent the Indonesian economy sliding further into desperation? An article by newspaper Asia Pulse.
ECB head sees rosy future for euro
The president of the European Central Bank, Wim Duisenberg, has spoken about a turnaround in euro exchange rates for the first time, telling Japanese newspaper The Yomiuri Shimbun in an interview in Frankfurt that the European currency could keep rising.
Greenspan talk lifts markets - John Berry
Financial markets rallied strongly yesterday after Federal Reserve Chairman Alan Greenspan acknowledged that US economic growth has slowed "appreciably," convincing many investors that the central bank will begin to cut short-term interest rates if…
Georgian c.bank head sees stable lari, IMF loans
Georgia's lari currency should be stable next year, enabling the country to meet conditions to unlock loans from its largest creditor, the International Monetary Fund, the central bank governor said in an interview with Reuters.
CNB dispute may damage central bank's independence
The Czech government on Wednesday refused to approve the president's appointment of Zdenek Tuma as governor of the Czech National Bank, escalating a dispute that could damage the stability and independence of the central bank, The Financial Times writes…
RBI governor says policy juggling is the best
Many central banks around the world target price inflation, but the RBI has multiple economic targets, says Alan Beattie from the Financial Times.