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should the central bank still be involved in inclusion. our response in the bsp is yes, we should. we cannot ignore the financial consumer. when all is said and done, the purpose of a stable macroeconomic environment is ultimately to improve the consumer ’ s well - being. in the bsp, we have institutionalized financial... | benjamin e diokno : financial health for filipinos through financial education speech by mr benjamin e diokno, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the bsp financial education stakeholders expo, pasay city, 25 november 2019. * * * national economic development authori... | 0.5 |
david dodge : central bank website of the year remarks by david dodge, governor of the bank of canada, at the website awards event, central banking publications and lombard street research, london, england, 12 march 2003. * * * it is very gratifying to be here tonight to accept, on behalf of the bank of canada, this aw... | ’ s interest in other languages. the name of this booklet is : ( in espanol, catala, euskara, galego, valencia ) • ana y alex contra los falsificadores de billetes • l ’ anna i l ’ alex contra els falsificadors de bitllets • ana eta alex, billete - faltsutzaileen aurka • ana e alex contra os falsificadores de billetes ... | 0 |
that investigated widespread misconduct issues in its banking industry. financial institutions in singapore are generally well regarded. but we have our share of malpractices too, such as the mis - selling of lehman minibonds and other structured or complex products. 8 financial institutions have a duty to act in the b... | the end of september due to the rapid appreciation of the yen and growing concern over price adjustments. however, they recovered after the rebound in u. s. stock prices. the nikkei 225 stock average is moving at around 10, 500 yen. in the foreign exchange market, the yen rose sharply as market participants became less... | 0 |
between investment and saving has declined to its lowest in a long time, which, if you remember your national accounting identities, is directly equivalent to the current account being at multi - decade lows. but the trade balance story is not just a resources story. there has been strong growth in exports of education... | the state ( repayable advances ) and two schemes implemented by the hellenic development bank – a guarantee scheme and a co - financed interest subsidy scheme for new corporate loans. these are expected to reach an overall loan volume of about €13 billion, or 7. 7 % of gdp. they come on top of the broader fiscal packag... | 0 |
nationals of five countries namely, kenya, tanzania, uganda, rwanda and burundi. in 2008, the five countries had a combined population of 126. 6 million people and a nominal gdp of usd73 billion ( based on eac facts and figures report, 2009 ). in the same year, kenya ’ s gdp stood at usd26. 9 billion, that is 37 percen... | in line with the government ’ s development agenda. thank you. bis central bankers ’ speeches | 0.5 |
by 2016 – 17 from 12 per cent of gdp in 1990 – 91. along with stable form of capital flows such as fdi that come with relatively long - lasting interest in domestic entities, foreign portfolio ( both equity and debt ) capital flows have also increased making the economy ( like that of other open emerging markets ) susc... | . 19. on the external front, de - globalisation and protectionism are gaining ground as witnessed during the recent global supply - chain shock. it is thus necessary to build and strengthen bilateral trade relations to deal with such challenges. india has recently signed bilateral trade agreements with the uae and aust... | 0.5 |
prayers and support, too. they say that it can be lonely at the top. from that vantage point, national issues and high - level problems may overshadow the needs and concerns of the bsp community. even when the going gets tough, my fervent wish is that i never lose sight of where i came from. ako ay laking bsp. ang akin... | thomas jordan : the swiss franc – a success story address by mr thomas jordan, chairman of the governing board of the swiss national bank, at the launch of the book der schweizer franken – eine erfolgsgeschichte ( the swiss franc – a success story ), zurich, 3 october 2012. * * * ladies and gentlemen, allow me to begin... | 0 |
way. the european economy is coming back and recovering from the recession. but monetary policy cannot create long - term growth. long - term growth will be driven by productivity gains, well - functioning economies and a reformed economic and monetary union. it is the responsibility of the democratically elected gover... | had and have to say was perhaps often predictable, but more often than not your saying it lent it weight and inspired confidence. moreover, what you once aptly said is absolutely true : “ man kann schone sonntagsreden halten. die entscheidungen fallen an werktagen. ” you are known to be a hard worker - some would even ... | 0.5 |
nepal investment summit 2017 special address by dr. chiranjibi nepal, governor, nepal rastra bank 3 march 2017 mr. chair of the session, distinguished panelists, esteemed guests, media persons, ladies and gentlemen, 1. it gives me an immense pleasure to be here to address this session on “ financial institutions / alte... | 7. nepal has followed a liberal foreign investment policy, and a need for investment - friendly environment is recognized everywhere in nepal. recent commitments in the areas of foreign investment show the huge attraction among foreign investors. currently, the stock of fdi stands around rs. 114 billion ( 5. 1 percent ... | 1 |
and which has the confidence of local and foreign participants. this is quite a demanding list for several reasons. first, it is quite broad and involves the legal system, the government, regulatory bodies, financial market participants and the professions. secondly, and more importantly in my view, the achievement of ... | . as shown in the chart above, about half of owner - occupier loans have prepayment balances of more than 6 months of scheduled payments. while that leaves half with only modest balances, some of those borrowers have relatively new loans. they wouldn ’ t have had time to accumulate large prepayment balances nor are the... | 0.5 |
axel a weber : the role of forecasting for central banks keynote address by professor axel a weber, president of the deutsche bundesbank, at the conference on “ forecasting and monetary policy ”, organised by the deutsche bundesbank, freie universitat berlin and the viessmann european research centre, berlin, 23 march ... | to my mind, assessing risks only in a qualitative, verbal manner strikes a good balance between expressing our view on the degree of uncertainty related to the forecast and, at the same time, showing an awareness of the general limitations of risk assessments. current assessment of economic development forecasting risk... | 1 |
expansionary effect. in order to prevent pressure from becoming too strong, monetary policy has to be tighter than would otherwise have been the case. monetary policy has therefore been given a clearer role in stabilising economic developments. a clear monetary policy target is a necessary complement to the fiscal guid... | annual real rate of return of 1½ - 2 per cent. by way of comparison, the authorities have based their use of petroleum revenues over the central government budget on the assumption that the petroleum fund can generate a long - term real return of 4 per cent. it is unlikely that this rate of return will be achieved if w... | 1 |
peaked at about 180 billion euro in the first quarter of this year. in addition, governments are taking action to cushion the impact of energy price increases with support measures, not least for those most affected. on the other hand, high inflation is not only eroding households ’ purchasing power. high inflation and... | consequence, refinancing stood on a basis that was prone to disruption. admittedly, it was indeed possible to observe similar developments at other large banks. however, the ownership structure of the landesbanken would have suggested other, namely lower risk preferences and a different business orientation. this pract... | 0.5 |
qqe ). the boj has been increasing the monetary base at an annual pace of about 80 trillion yen. it has also been purchasing japanese government bonds ( jgbs ) so that their amount outstanding will increase at an annual pace also of about 80 trillion yen. with a view to encouraging a decline in interest rates across th... | sayuri shirai : unconventional monetary policies of the bank of japan and european central bank remarks by ms sayuri shirai, member of the policy board of the bank of japan, at the panel discussion “ monetary policy and central banking : a global outlook ”, at the bruegel annual meeting, brussels, 8 september 2015. * *... | 1 |
- year rate of increase in consumer prices at one point exceeding 10 percent in the euro area and reaching 9 percent in the united states. by contrast, the inflation rate in japan peaked at around 4 percent. while the federal reserve and the ecb rapidly raised policy rates to contain the inflation, the bank of japan ha... | complex and exotic structures. all approvals are reviewed & approved under specific transactional approval process by the derivatives approval & review team ( dart ) at sbp. i know that some people would like to see this fast tracked and we have taken steps to do so. though the specific transactions approved thus far a... | 0 |
benjamin e diokno : 2021 bsp outstanding stakeholders'appreciation ceremony message by mr benjamin e diokno, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), for the 2021 bsp outstanding stakeholders'appreciation ceremony, 29 july 2021. * * * ladies and gentlemen, welcome to the 202... | outside of members ’ jurisdictions ; and • the methodology and approach for the regional financial risk assessment project. on the matter of the ccmf serving as the central reporting facility, there were questions as to its appropriateness, ability and capacity to manage such a task : • does it have the necessary finan... | 0 |
changed its fiscal policy and the riksbank did all it could to defend the currency, raising its steering interest rate to 500 per cent. however, sweden was forced to abandon the fixed exchange rate as an anchor to achieve price stability in november 1992. finland had replaced its fixed exchange rate regime earlier in t... | repo auctions, and secondary market trading at the primary dealer level. turning to today ’ s function, this is the 5th ceremony bou is hosting to recognize the pd of the year. i wish to acknowledge the role this year ’ s award winner has played especially in providing more consistent coverage in the primary auction an... | 0 |
yaseen anwar : fiscal and monetary policies speech by mr yaseen anwar, governor of the state bank of pakistan, at national defence university, islamabad, 4 november 2013. * * * respected guests, esteemed servicemen, and students of this prestigious institution, assalam - o - alaikum! i am delighted to be invited to the... | such as interest rates, central banks around the world used unconventional measures such as quantitative easing ( qe ) to provide cheap liquidity in the market to stem erosion of investor confidence. thus, fiscal and monetary policies are no longer restricted to their traditional roles. in pakistan, however, the situat... | 1 |
as by the need to respond to external demands. the strength of the link between the european economic policy reform process and monetary policy entails the risk that not meeting publicly declared targets will damage the currency's standing. against this background, it is crucial for the future development of emu and th... | klaus liebscher : the euro and european integration – an austrian viewpoint luncheon speech by dr klaus liebscher, governor of the austrian nationalbank, at the international bankers forum, luxembourg, 9 april 2002. * * * introduction it was with great pleasure that i accepted your kind invitation to address such a dis... | 1 |
sensitive to high deficits and growing public debts. one should bear in mind that the scope for using fiscal stimuli is rather limited in countries with high levels of foreign debt since increasing public consumption leads to a further increase in foreign debt and higher cost of borrowing. serbia ’ s foreign debt is al... | shop floor / products / services inflation alone, as a key variable, in monetary policy response. for what happened was unprecedented in that with monetary policy focused only on traditional cpi, interest rates were kept low in spite of exploding prices of assets like real estate / property, credit assets, equity and c... | 0 |
existing regulatory framework to a particular innovation. two typical examples of such innovations are the ones based on distributed ledger technology ( dlt ) and the ones based on artificial intelligence ( ai ). regarding the former ( dlt ), in september 2020 the european commission adopted a proposal for a regulation... | candid discussions on policy effectiveness and unintended risks that could arise go a long way in minimising potential policy missteps. while capital flow volatility will remain a key feature of the global financial system, we have to acknowledge that with heightened uncertainties prevailing in the global economy, capi... | 0 |
developed the liquidity, infrastructure and ecosystem that are capable of serving the financing, investment and risk management needs of corporates and investors alike. there are many factors behind the success of hong kong as a china gateway and an offshore rmb hub. our " one country, two systems " institutional arran... | hksar government is well - positioned to fill the gap by providing high - quality sukuk to meet the strong demand from investors. the global roadshows of the government sukuk will also provide an ideal opportunity for us to reach out to global investors and showcase our credit strengths and islamic finance capability. ... | 0.5 |
banks operating in our jurisdiction. it allowed what formerly were offshore banks to interact actively with the domestic money and foreign exchange markets and with the domestic economy in general. cross - border banking activities decisively picked up. the bank of mauritius act and the banking act were both overhauled... | s research, “ the concept of a recognized dealer was somewhat amorphous. an october 1939 bank memo remarked that the term was ‘ not an exact appellation ’ and noted that ‘ the principal factors which we consider in extending such recognition are ( 1 ) reputation for integrity, experience, and knowledge, ( 2 ) capital a... | 0 |
that our economic and monetary union was more than a precarious arrangement among nation - states and stands as an important pillar of the european integration project. proof of this can be found in the package of loans with stringent conditionality put together for greece, in the creation of an european financial stab... | to ensure that innovations are adopted to increase efficiency instead of becoming a hurdle to financial integration and efficiency. in its catalyst function, the ecb uses its position as “ honest broker ” to facilitate the harmonisation of standards among market participants and the interaction of the industry with oth... | 0.5 |
establish that the borrowers are sincere about the project, in particular, that the borrowers, or at least the senior management of the borrowing companies, are willing to tighten their belt and share the burden of restructuring. 37. also, lenders must ascertain the amount of the sacrifice required to be made on their ... | to be used in an imprudent way. cdr is a necessity especially when economic upturn and downturn are a way of life and part and parcel of business cycles for individual companies. corporate debt restructuring has been in existence for more than a decade in india, and this system has fulfilled its objectives to a large e... | 1 |
with the budget themes for 2009 and 2010 of “ enhancing growth through competitiveness and diversification ”. in collaboration with the development partners, government will provide the necessary support institutions, infrastructure and services conducive to efficient and competitive manufacturing. i would like to stro... | favourable in 2010 due to the rebound of copper prices on the international market as well as the expected increase in copper production as some mines increase production to full capacity and the resumption of production at some mines. the rebound in the international price of copper in the second half of 2009 and the ... | 1 |
njuguna ndung ’ u : reflections on inclusive business in africa keynote speech by prof njuguna ndung ’ u, governor of the central bank of kenya, at the g20 inclusive business workshop in africa, nairobi, 30 october 2013. * * * representatives of the german and saudi arabian governments who are the cofacilitators ; the ... | ##hip, and notably your commitment in driving and modernizing the financial sector in the region over the last 8 years of my term. let me conclude by once again, thanking the bank of tanzania for the warm welcome and hospitality. with these few remarks, i look forward to fruitful engagement in discharging our mandate i... | 0.5 |
http : / / www. bankofengland. co. uk / monetarypolicy / pages / forwardguidance. aspx. see http : / / www. ecb. europa. eu / press / pressconf / 2013 / html / is130905. en. html. bis central bankers ’ speeches | developments. the medium term : eventual exit from unconventional policies unconventional monetary policy measures have been of the utmost importance to strengthen accommodative monetary policy, and they will continue to be an important policy tool as long as the economy is in troubled waters. yet it is clear that cent... | 1 |
fiscal deficits ; rigid exchange rate system and imbalances of payments contain significant risks ; bank clients and bank - enterprise relationship also hold significant risk ; some existing governance problems may require further state financial rescue if not addressed timely ; the lack of autonomy and scientific tech... | to 13. 5 trillion. in the first half of 2009, bill financing, i. e., financing based on commercial drafts, recorded 12. 8 trillion yuan, which amounts to 57. 7 percent of the stock exchange turnover, or 162 percent of the turnover on the interbank borrowing market during the same period. despite the rapid development a... | 0.5 |
enrollment rates have picked up noticeably among individuals aged 25 and over. presumably, many of these older students are striving to keep pace with the new demands evolving in the job market. indeed, an important aspect of the changing nature of jobs appears to be that an increasing number of workers are facing the ... | clear, we are still mid - step in implementing it. of course things could go wrong, in transition or in the end - state. the world certainly gives us plenty to worry about. but i am absolutely unwilling to have things go wrong because we have retreated from the reforms agreed over the last eight years. for the avoidanc... | 0 |
the lower short term expectations which result as well as further easing in labour market tightness. a short term outlook which is broadly characterised by recent trends continuing is consistent with there having been fewer shocks over the last few months. and this more benign environment for forecasting has contribute... | bankofengland. co. uk / speeches it has been bolstered by two important institutional innovations since the crisis. the first is the handing of responsibility for the supervision of individual banks and building societies to the bank of england. that has meant a change in approach to supervision, to one that ’ s prepar... | 0.5 |
hold at the very low level to which they had been brought in several stages since the autumn of the preceding year. some phasing - out of non - standard measures was announced. however, in may 2010, sovereign debt markets froze in various euro area member states. financial fragmentation took a new and unfamiliar form, ... | mario draghi : hearing at the committee on economic and monetary affairs of the european parliament introductory statement by mr mario draghi, president of the european central bank, before the hearing at the committee on economic and monetary affairs of the european parliament, brussels, 3 march 2014. * * * madame cha... | 1 |
admittedly, the conceptual challenges in quantifying, for instance, liquidity risk, are enormous. but we live in a world of second best, and even very approximate measures would do better than nothing at all. thank you. references adrian ( t. ) and shin ( h. s. ) ( 2007 ) : " liquidity and leverage ". journal of financ... | loi m bakani : the online finance finder portal launch speech by mr loi m bakani, governor of the bank of papua new guinea and board chairman of the centre for excellence in financial inclusion, at the online finance finder portal launch in collaboration with business link pacific ( blp ) and centre for excellence in f... | 0 |
- looking investments by distributing funds efficiently. and we need banks that are prudent in their lending. what should be done? policies need to be chosen wisely, away from the extreme, ideologically tainted positions. we should certainly not think that our modern economies can thrive without the catalytic functions... | cannot rely on financial markets to fix structural political problems in emerging markets either. that being said, in countries with low savings rates, the additional funds may help to foster investment. in countries without savings restrictions, foreign capital can indirectly support the economy by improving market st... | 1 |
labour demand and supply are still present along a number of dimensions. all this shows that large structural problems remain and need to be solved. what needs to be done to speed up labour market reforms? this is a difficult question, not least because the euro area labour markets are still very heterogeneous. each co... | the scale to one side or the other and act as a catalyst for promoting the provision of financial services more broadly throughout the euro area. second, faster progress is needed on disclosure and standardisation. for markets to better support the greening of the economy, and to mitigate risks to financial stability, ... | 0.5 |
the appropriate way to address effectively the consequences of the adverse economic environment. the russian invasion in ukraine has elevated further the importance of climate risk due to its interconnectedness with geopolitical risk. the ongoing effort to reduce the dependence on russian energy frontloaded the need to... | constantinos herodotou : sustainability, digitization, profitability statement of mr constantinos herodotou, governor of the central bank of cyprus, at fireplace chat " challenges for banks in a new operating environment " at the 10th banking forum, nicosia, 9 december 2022. * * * i would first like to thank andrea for... | 1 |
properly demonstrate commitment to lowering inflation. in spite of the above - mentioned quite ambitious target, by september 2001, twelve - month cpix inflation had decelerated to 5, 8 % per cent and many analysts thought that the 2002 target would be met fairly easily. to say the least, circumstances changed! the exc... | t t mboweni : inflation targeting in south africa speech by mr t t mboweni, governor of the south african reserve bank, at the bis / sarb reserve management seminar dinner, south african reserve bank, pretoria, 2 september 2003. * * * it is my pleasure to welcome you, our guests and reserve bank personnel, to a dinner ... | 1 |
the maastricht treaty is, without doubt, the independence of the european central bank and of the participating national central banks : in other words, the independence of the eurosystem. the economic rationale for a central bank which is independent of the instructions and influence of political bodies is rooted in t... | - management framework the recent innovations in credit risk transfer and complex structured finance transactions offer opportunities for the development of new markets, improved pricing, and better risk - transfer mechanisms that can improve the efficiency of u. s. and world financial markets. however, innovation also... | 0 |
, especially when benefits come at the cost of one ’ s partners, but, if we aspire to have far - reaching results, this is the right manner and the appropriate moment to react. thank you! bis central bankers ’ speeches | single voice. in this regard, the bank of albania, assuming a coordinating role, has invited other non - eu countries to contribute in formulating a common regional approach towards the banking union and its effects on these countries. we also argue that it is at the benefit of the ecb, and other monetary and superviso... | 1 |
supervision ( 2015 ), regulatory consistency assessment programme – mexico, bank for international settlements, march. bis central bankers ’ speeches finally, initial progress has been made in addressing some of the potential risks in the nonbank sector, specifically by imposing limits on leverage undertaken by real es... | effects, but the difference is negligible in downturns. 5 a second set of cross - country studies, while continuing to indicate material effects from specific macroprudential tools on credit growth, find that impacts from others are minor or even run in the opposite direction. one of them indicates that countercyclical... | 1 |
eva srejber : a reunited europe – the roles played by sweden and the riksbank speech by ms eva srejber, second deputy governor of sveriges riksbank, to the baltik financial network, stockholm, 13 february 2002. * * * thank you for inviting me here to speak of and discuss this important subject with such a knowledgeable... | course of events then lie in talking with bank executives and informing the financial supervisory authority. moreover, our series of financial stability reports can no doubt exert a more continuous influence in this respect. in the longer run the riksbank can also contribute to stability through international cooperati... | 0.5 |
the downturn. telecommunications companies no doubt invested too much in long - haul fiber networks, as firms competed to establish the largest and most complete networks. ( i note, however, that economies of scale in laying fiber together with a low inground rate of physical depreciation imply that once a trench is du... | the us economy. for policymakers, the most troubling aspect of this pessimism is our inability to ascertain its cause ( or causes ) : is it geopolitical uncertainty? the aftermath of the accounting scandals of last summer? concerns about the ultimate profitability of new technologies and products? the depressive side o... | 1 |
assessing what might drive change and influence outcomes for payment systems, we must start by understanding the public goals. regardless of the mechanism involved, people expect the payments system to possess at least three fundamental characteristics. first, it must have integrity, i. e. transactions must be safe, re... | , because they will be closely based both on national realities and international best practice. this emphasizes the need for close and continuous consultation in each country between the suppliers of payment services and the central banks as the overseer and regulator of the systems. the ultimate target of these consu... | 1 |
gabriel makhlouf : publication of the financial stability review 2023 : 2 opening remarks by mr gabriel makhlouf, governor of the central bank of ireland, on the publication of the financial stability review 2023 : 2, dublin, 23 november 2023. * * * welcome to the central bank of ireland for the release of the second f... | gabriel makhlouf : remarks on the occasion of the publication of “ love you ” remarks by mr gabriel makhlouf, governor of the central bank of ireland, on the occasion of the publication “ love you : public policy for intergenerational wellbeing ” by girol karacaoglu, 17 february 2021. * * * good morning and good evenin... | 0.5 |
. beyond tech 26. my third reflection is that the key to success is “ beyond tech ”. ( not “ biontech ” the vaccine! ) here i am referring to the need to go well beyond technology to create network effects. 27. projects that fill a glaring gap in available services, as was the case with fps for example, may achieve qui... | pp. 837 - 863. rachel, lukasz and thomas d. smith ( 2017 ), “ are low interest rates here to stay? ”, international journal of central banking, vol. 13, no. 3, pp. 1 - 42. reifschneider, david and john c. williams ( 2000 ), “ three lessons for monetary policy in a low - inflation era ”, journal of money, credit and ban... | 0 |
possibly more – other major international currencies. second, the euro can only be assured of a major role in a multipolar currency world if the architecture underlying the single european currency is sufficiently strong. the task of achieving this cannot be delegated to financial markets and requires appropriate insti... | . this task poses significant challenges because it requires special skills and the further development of analytical tools. models must be developed to help structure and analyse the vast amount of information collected for risk assessment. as financial stability and macro - prudential analyses are at a relatively ear... | 0.5 |
emmanuel tumusiime - mutebile : promoting and strengthening good corporate governance in uganda remarks by mr emmanuel tumusiime - mutebile, governor of the bank of uganda, at the gala dinner of the institute of corporate governance of uganda, kampala, 26 february 2015. * * * the president, members of council and ceo o... | prohibited. in this way, when innovations make old rules obsolete, corporate leaders would have to consider not only whether some action would violate the law but whether it would violate a principle of good corporate governance. rules are clearly necessary but they cannot replace ethics and exemplary leadership. timel... | 1 |
new policy challenges which force us to examine old ideas and develop new ones. so the mpc has been on an intellectual voyage of discovery since it was established. the formation of the mpc unleashed a ferment of intellectual debate and activity inside the bank. it was a thrilling time for those who were closely involv... | studies and provide practical guidance on modalities to scale up blended finance. mas and the de nederlandsche bank ( dnb ) will lead this initiative. i will share more details in my remarks this afternoon before the ngfs discussion panels at this pavilion. 2 / 4 bis - central bankers'speeches the glasgow financial all... | 0 |
/ 07 / behind - the - scenes - of - central - bankdigital - currency - 512174. - 4preparing for the payment system of the future the federal reserve needs to be preparing for the payment landscape of the future even as we continue to make improvements to meet today ’ s needs. in light of the rapid digitalization of the... | thomas jordan : real estate, mortgages and monetary policy speech by mr thomas jordan, member of the governing board of the swiss national bank, at the iazi, schweizer immobilienkongress 2009, zurich, 10 november 2009. the complete speech can be found in german on the swiss national bank ’ s website ( www. snb. ch ). *... | 0 |
has been that ( 1 ) given the extremely accommodative financial conditions, the level of interest rates is to be raised if japan's economy is to follow a path of sustainable growth under price stability, and ( 2 ) the pace of increase in interest rates should be determined in accordance with improvements in the economi... | overseas ( chart 8 ). funding costs for japanese firms have been at extremely low levels, even as overseas interest rates have increased significantly. firms'funding demand for working capital has increased recently in reflection of the resumption of economic activity and raw material cost increases. in this situation,... | 0.5 |
of areas : biotechnology and other advanced technologies, new industrial clusters linked to recycling and other environment - related technologies, as well as regional city revival, sightseeing, medical care, and nursing services. to strengthen such trends, regional financial institutions are expected to play a new rol... | recovered to a level closer to what can be considered normal. another problem related to severe balance - sheet adjustments is the breakdown of the market economy ’ s natural selection mechanism. the role of financial institutions to channel funds to productive enterprises can be obstructed when those institutions have... | 0.5 |
we plan to conclude the review by the first quarter of 2018. conclusion today i have discussed the context for the upcoming capital review and outlined a number of 7 / 9 bis central bankers'speeches key issues that the reserve bank will be considering over the coming year. capital policy has multiple dimensions and tra... | we need to understand how the idiosyncrasies and relative conservatism of new zealand ’ s approach to the basel framework affects the headline capital ratios of new zealand banks compared to peer country banks. the basel committee regularly publishes reports that compare banks ’ capital levels on an unadjusted basis. t... | 1 |
made over the last few years. it would be a shame to undermine that now. 4 - fourth, we need to recreate what keynes called “ opportunities to invest ”. too often, markets are constrained by obstacles, regulations and bans which act as a disincentive for investment. if we are going to apply a keynesian economic model, ... | major central banks and supervisors are on the verge of applying. stephen hawking once famously said about the internet : “ we are all now connected [ … ] like neurons in a giant brain ”. this could also apply to the finance of tomorrow in an interconnected world. each of us – whether regulators or professionals – is a... | 0.5 |
the following measures to support responsible investment : _ _ _ ( a ) we have already incorporated esg factors in our credit risk analysis of bonds ; we have required our external managers of the hong kong equity portfolios to comply ( b ) with the principles of responsible ownership promulgated by the securities and ... | jaime caruana : basel ii and corporate governance issues speech by mr jaime caruana, governor of the bank of spain and chairman of the basel committee on banking supervision, at the 2nd islamic financial services board ( ifsb ) summit 2005 : the rise and effectiveness of corporate governance in the islamic financial se... | 0 |
mohd razif bin abd kadir : malaysiaa€™s life insurance industry speech by mr mohd razif bin abd kadir, deputy governor of the central bank of malaysia, at the official launch of axa affin life insurance berhad, kuala lumpur, 30 january 2007. * * * it is indeed an honour to be here this morning to witness the launching ... | assistance. allow me to now share malaysia ’ s experience in the development of the sukuk market in our islamic finance marketplace. the islamic capital market in malaysia has been systematically developed to ensure accessibility whilst ensuring the protection of investors and efficiency in the intermediation process. ... | 0.5 |
market. the heavy reliance of the banks on property lending is well known : residential mortgage lending, in particular, accounts for 35 % of the total domestic loans of the retail banks. property prices have fallen sharply since the asian crisis, and the effect of sars was to produce a further downward spiral. in the ... | crockett, to deliver the fourth hkma distinguished lecture. mr crockett, please. | 0.5 |
, we have stepped up efforts to engage with a wide variety of stakeholder groups beyond our traditional partners. our goals are to reach canadians directly and increase public knowledge of and participation in our activities in order to broaden understanding of our work and to build trust. a number of activities to eng... | was inevitably some uncertainty about the prospects of the new regime and the new currency that it issued. the circulation of swiss dinars in kurdish controlled iraq during the 1990s was a market solution to the problem of devising a medium of exchange in the absence of a government with the power to issue currency. ch... | 0 |
and processes by which internal operations are assessed. senior executives need to emphasize compliance and qualitative measures over short - run cost efficiency, and need to articulate the presence of adequate quality controls and audit processes to identify risks and take timely, corrective actions where needed. corp... | asserted that fixed - rate mortgages would be more difficult, or perhaps even impossible, to obtain without the gses'portfolios. but, again, we see little empirical support for this argument. we have found no evidence that fixed - rate mortgages, for example, were difficult to obtain during the early 1990s when gse por... | 0.5 |
##checked use of the financial system by criminal organisations risks undermining individual institutions and ultimately entire financial systems. when banks or financial institutions become part of a criminal network, they lay themselves open to loss from fraud if they do not screen out undesirable customers or if the... | the transformation of the bh banking sector that i have refereed to. raiffeisen opened in sarajevo just last july, only nine months ago. they have since opened a branch in banja luka and are in the process of opening more branches in the rs, in brcko and in many other towns in the federation. today, they are taking a b... | 0 |
encompassing special requirements for systemically important banks in the areas of capital, liquidity and organisational structure. these key measures are compatible with the approach discussed by the financial stability board. besides those proposed by the commission of experts, other measures being considered at the ... | jean - pierre roth : recent economic and financial developments in switzerland introductory remarks by mr jean - pierre roth, chairman of the governing board of the swiss national bank and chairman of the board of directors of the bank for international settlements, at the end - of - year media news conference, zurich,... | 0.5 |
andreas dombret : global currency blocs – is the euro a burden or a competitive advantage? opening address by dr andreas dombret, member of the executive board of the deutsche bundesbank, at the europe symposium of the cdu economic council, brussels, 3 december 2013. * 1. * * introduction ladies and gentlemen thank you... | ) collateral. in that way, banks transform illiquid and lower - quality assets into high - quality liquid assets in a process known as collateral transformation. the opportunity cost of this trade is currently 50 basis points : the spread between the main refinancing rate and the deposit facility rate. banks thus have ... | 0.5 |
to actually build a functioning machine based on it. thirty years on, while we 1 / 3 bis - central bankers'speeches still lack a fully functional and reliable quantum computer, we seem to be actually getting closer and closer. as the cybersecurity threat is serious but there are potential ways to fend it off, we cannot... | antonio fazio : regulation and supervision in financial markets presentation by antonio fazio, governor of the bank of italy, at the frankfurt european banking congress 2004, panel discussion on “ regulation and supervision in financial markets ”, frankfurt, 19 november 2004. * 1. * * development and integration of fin... | 0.5 |
however, that the new legislation should ensure that the business of such institutions is conducted in a safe and sound manner, conducive to the orderly growth of the financial sector, whilst contributing to poverty reduction in both rural and urban areas. comment on the dedicated banks bill and the co - operative bank... | daniel mminele : policy implications of some key market developments address by mr daniel mminele, deputy governor of the south african reserve bank, at the financial markets department ’ s annual cocktail function, pretoria, 3 march 2015. * * * introduction ladies and gentlemen, good evening. thank you for attending t... | 0.5 |
household spending ; and businesses had successfully worked off the overhang of inventories that had emerged at the end of 2006. in addition, strong demand from abroad was providing considerable support to our exports. the fomc recognized that less accommodative conditions in some financial markets posed a threat to th... | susan s bies : north american monetary policy - key developments in recent times speech by ms susan s bies, member of the board of governors of the us federal reserve system, at the canadian american business council's rbc distinguished speakers series, embassy of canada, washington, dc, 12 november 2002. * * * it is a... | 0.5 |
savenaca narube : a brief overview of developments in fiji ’ s financial system and economy opening address by mr savenaca narube, governor of the reserve bank of fiji, at the official opening of bank of south pacific limited ’ s new nadi office, nadi, 19 february 2008. * * * your excellency, the papua new guinea high ... | hotels and the reduction in the length of stay. most other economic sectors declined in 2007. there was a small growth in exports while imports in the january to november period of 2007 declined due to the depressed state of the economy and the restrictive policies that we had put in place. foreign reserves foreign res... | 1 |
jens thomsen : european bond markets before and after the euro speech by mr jens thomsen, member of the board of governors of the national bank of denmark and chairman of the efc - subcommittee on eu government bonds and bills markets, at the european government bond summit, brussels, 25 october 2006. * * * my remarks ... | bank of england since i started working there. everyone who knew peter has their own fund of these stories and you can and should read many of them in the online condolence book set up by the university of birmingham. to give one personal memory of peter ’ s wonderfully warm and encouraging approach : in our final year... | 0 |
same. with this realization, i suppose i am ready for life after central banking. there are many activities i want to pursue ( including possibly more golf with friends ) and new adventures to look forward to, after july 2. but today, my heart is full. for this, i thank all of you. thank you for this testimonial, your ... | ben s bernanke : brief remarks speech by mr ben s bernanke, chairman of the board of governors of the federal reserve system, at the united states - mexico chamber of commerce annual gala, washington dc, 12 may 2011. * * * good evening. i am very pleased to join the united states - mexico chamber of commerce at this ga... | 0 |
”, beyond the data, climate. gov, 10 january. 4. elderson, f. ( 2022 ), “ the european climate law and the european central bank ”, keynote speech at the lustrum symposium organised by the dutch financial law association, 1 december. 5. ecb ( 2020 ), guide on climate - related and environmental risks – supervisory expe... | europe. there are many facets to this challenge, as the broad and ambitious agenda for this conference shows. i look forward to the discussions. 1 human capital, knowledge in databases, organisational capital and brands are examples of assets not covered in the national accounts. see also european central bank ( 2018 )... | 0.5 |
financial infrastructures – which can be leveraged to financiallyinclude more clients at the “ bottom of the pyramid ”. back in 2000 when the bsp started issuing microfinance - related regulations, hardly any bank was into microfinance. today, we have 176 thrift and rural banks serving over 1. 2 million microfinance cl... | amando m tetangco, jr : generating more winners in microfinance speech by mr amando m tetangco, jr, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the launch of the 2015 citi microentrepreneurship awards, manila, 22 may 2015. * * * today we launch the 2015 citi microenterpreneu... | 1 |
rate will pass through to banks ’ lending and deposit rates. norges bank closely monitors developments in the banking industry and the financial system. innovation and competition can bring better and cheaper services, but can also bring risks associated with, for example, cybercrime, data protection and financial stab... | measures when overly large risks appear to be building up in the financial sector, but that the main responsibility must lie with other methods of regulating the relationship between capital and risks. the emphasis here is on regulatory frameworks and supervision. putting all of the responsibility on monetary policy wo... | 0 |
system now stands on much more solid ground. it is primarily in connection with the third challenge, of reintegrating iceland into international capital markets, that more work needs to be done. but even in this area we have made significant progress. gdp growth, a balanced economy, a treasury surplus, and the central ... | the outstanding foreign - denominated loans taken to finance them – by 65 b. kr. as of the end of february. but we mustn ’ t rest on our laurels ; we need sizeable reserves as we prepare to lift the capital controls. i mentioned uncertainty surrounding the estimation of potential fx outflows once the controls are lifte... | 1 |
and international trade encouraged investment and supported productivity. technological advancements also lifted global productivity, shrank distances and lowered costs. the entry into the global trade system of vast new labour markets in china and eastern europe pushed down the prices of many traded goods. global supp... | time, other parts of the economy were experiencing excess demand as consumers bought goods to replace the services they couldn't get. but the inflationary impact of excess demand for goods was larger than the disinflationary forces in close - contact services. as a result, our inflation models that focus on the average... | 1 |
_ _ _ _ _ _ _ _ _ _ | with other macroeconomic policies, led to an almost continuous growth of the foreign reserves, which today are at the highest historical level and directly strengthen the exchange rate stability. confirmation of the soundness of the policies implemented by the national bank is a historic step in providing access to eur... | 0 |
nestor a espenilla, jr : strength without agility is mere mass speech by mr nestor a espenilla, jr, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the 11th ing - finex chief financial officer ( cfo ) award ceremony, 20 november 2017. * * * for the past eleven years, finex in pa... | durmus yılmaz : global challenges and local response – monetary policy in turkey address by mr durmus yılmaz, governor of the central bank of the republic of turkey, at a congress organised by the turkish economic association and the international economic association, istanbul, 25 june 2008. * * * dear guests, first o... | 0 |
of 0. 5 % in the previous quarter. the outcome for the second quarter reflected positive contributions from both domestic demand and net exports. the most recent survey indicators point to a broadly similar pace of real gdp growth in the third quarter of the year. overall, we expect the economic recovery to continue, a... | mario draghi : ecb press conference – introductory statement introductory statement by mr mario draghi, president of the european central bank, and mr victor constancy, vice - president of the european central bank, valletta, 22 october 2015. * * * ladies and gentlemen, the vice - president and i are very pleased to we... | 1 |
a comprehensive financial reform agenda, coordinated by the financial stability board ( fsb ), to address the exposed weaknesses, to promote global financial stability, and to enhance financial and economic integration. since then, fsb member countries have made unprecedented progress on these objectives. canada and th... | initiatives taken at the federal level and in quebec and british columbia will add to canada ’ s gdp growth. however, the lowering of projected government spending in ontario is sufficient to more than offset all of these, so that fiscal policy now represents a net downward revision to our growth outlook for 2020, of a... | 0.5 |
r basant roi : review of the financial sector in mauritius address by mr r basant roi, governor of the bank of mauritius, at the seminar on financial sector assessment programme, pointe aux piments, 8 september 2003. * * * hon. minister of economic development, financial services and corporate affairs mrs ann rennie, d... | mohammed iqbal belath : africa and the indo - pacific – the new economic mainspring welcome address by mr mohammed iqbal belath, second deputy governor of the bank of mauritius, at the second meeting of the official monetary and financial institutions forum ( omfif ) in africa, hosted by the bank of mauritius, port lou... | 0.5 |
news conference berne, 14 december 2017 fritz zurbrugg introductory remarks by fritz zurbrugg in my remarks today, i would like to address some of the developments currently taking place in the field of financial stability. i shall look at the big banks first before turning to the domestically focused banks. i will con... | ’ going and gone - concern loss - absorbing capacity as well as improve their resolvability in a crisis. both of these sets of requirements must be addressed if switzerland ’ s ‘ too big to fail ’ problem is to be solved. domestically focused banks i would now like to turn to the domestically focused banks. these insti... | 1 |
- called greenspan ( or any other kind of ) “ put ” here ; the focus would be not asset prices, but the outlook for spending in the economy and so inflation. this is obviously rather different from a similarly nasty shock producing severe disorder in a banking system that was carrying unduly concentrated exposures of s... | banks, as monetary institutions. but as i noted earlier, non - banks – including money funds and finance companies – turned to central banks for liquidity during the 2007 – 08 crisis. the prevalence of non - bank banks as they used to be called, or shadow banks as they are now known, was a deep faultline in the interna... | 0.5 |
in the demand for goods and services in the economy. and this requires completely different measures than those of monetary policy. these measures must influence the functioning of the labour market and create a beneficial environment for new businesses and corporate sector growth. of course, this does not prevent the ... | conforming to normal financial practice. therefore, excessive rates will invite supervisory scrutiny. during our onsite examinations last year, we identified instances of unfair practices in charging of interest by many entities. these include charging interest from the date of loan sanction or agreement execution rath... | 0 |
financial education programs or through corrective measures against financial institutions, has been and will remain a priority of the cbk in the coming years. * * * as far as internal developments are concerned, cbk has also continued during 2022 with the advancement and development of its professional capacities in a... | the deficit in 2014 came about as a result of the greater adjustment made at the central and local government levels, since most of the regional governments exceeded the targets set. the budgetary improvement was also the consequence of a similar - sized contribution by revenue and public spending ( once the impact of ... | 0 |
requires the simplification of the financial and economic system for applying theoretical models. emerging technology allows us to observe details and model the system as it really is, helping assess interactions among firms, individuals, and market participants. technology that deals with unstructured data, including ... | events linked with other parts of the world. so, that is still the story, and what has happened is that, indeed, we have seen different movements now in the dollar, appreciating also for reasons. because it ’ s always, markets are very good at doing that, or market analysts, at rationalising what markets are doing. the... | 0 |
next steps it ’ s worth briefly reviewing those that were taken to overcome the crisis. the first part of the response – which was both global and european – entailed immediate crisisfighting measures. facing unprecedented turbulence in the financial sector, governments in the g20 signalled their commitment to working ... | policies in an economic and monetary union in europe, collection of papers. committee for the study of economic and monetary union, luxembourg, 1989, january, p. 101. financial dominance is not a new concept. an early reference is fraga, a., i. goldfajn, and a. minella ( 2003 ), “ inflation targeting in emerging market... | 0 |
not decoupled from interest rate developments in other countries. a rise in foreign interest rates normally pulls in the direction of a weaker krone. a weaker krone pushes up prices for imported goods. when inflation is already high, as now, this increases the risk of inflation becoming entrenched, which we must take i... | above 10 %, tier 1 to capital to rwa ratio and capital to total assets ratios should be above 5 %. banks has been scaled down to around 20 percent, from 50 percent in cy00. the net effect of the liberal licensing policy and consolidation is that today pakistan has 39 banks ( down from 46 in 1997 ). excluding the five l... | 0 |
peter praet : interview in the telegraaf interview with mr peter praet, member of the executive board of the european central bank, in the telegraaf, conducted by mr martin visser and ms dorinde meuzelaar on 12 december, and published on 20 december 2016. * * * how optimistic or pessimistic are you about the european e... | explicit role for financial conditions in monetary policy so far i have discussed the pre - crisis consensus view on monetary policy and asset prices from a general perspective. the events of the past two years have already generated farreaching reflections on this issue. 11 let me mention three avenues. first, the cri... | 0.5 |
building systems. low - energy materials and processes will be used and observed. and onsite renewable energy will be utilized. in line with the bsp ’ s efforts toward digital transformation, the new bsp complex will also use technological advancements to promote a digital lifestyle without taking away personal interac... | benjamin e diokno : message for the signing ceremony for architecture and engineering design services for the new bangko sentral ng pilipinas ( bsp ) complex speech by mr benjamin e diokno, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the signing ceremony for architecture and... | 1 |
income from labor, as a result of an increase in employment and in wages. there was an increase in home prices and in the value of financial assets. outstanding consumer credit ( nonhousing credit to households ) increased by 25 percent over the past three years, as interest rates declined. together with the lower pric... | as this turns out to be temporary, the turnaround in prices may lead to a turnaround in private consumption as well, and therefore in activity. a study conducted by arnon barak of the bank of israel research department, which was published this week, shows that in recent years, the main factor leading the increase in p... | 1 |
financial obligations ratio incorporates other recurring expenses, such as rents, property taxes, and payments associated with homeowners ’ insurance and auto leases, that might subtract from the uncommitted income available to households. the federal reserve also calculates separate aggregate financial obligations rat... | as freedom ( oxford, england : oxford university press ). for example, see rafael di tella, robert j. macculloch, and andrew j. oswald ( 2001 ), “ preferences over inflation and unemployment : evidence from surveys of happiness, ” american economic review, vol. 91 ( march ), pp. 335 – 41 ; and justin wolfers ( 2003 ), ... | 0.5 |
maintaining a capacity to trace and remedy faults. the ultimate purpose of the riksbank ’ s role as overseer of financial stability is to prevent both conventional and financial crises in the financial system. in concrete terms, the work entails following developments in the financial sector in the short term, primaril... | willem f duisenberg : perspectives on eu enlargement speech by dr willem f duisenberg, president of the european central bank, on the occasion of receiving an honorary doctorate from imadec university, vienna, 14 october 2002. * * * dear klaus, ladies and gentlemen, it is a great privilege for me to be awarded an honor... | 0 |
##es and ultimate liquidity providers, whatever be the form of the financial market model. the gradual process to introducing structural reforms in the banking sector was a unique experiment undertaken with the key objective of strengthening the banking sector balance sheets and governance frameworks in a non - disrupt... | , is audit, it operations, it services outsourcing, cyber fraud, business continuity planning, customer awareness programmes and legal aspects. the guidelines, since issued by the rbi, clearly underlined that implementation of these recommendations needed to be risk based and commensurate bis central bankers ’ speeches... | 0.5 |
svein gjedrem : terms of trade shocks and challenges for stabilisation policy speech by mr svein gjedrem, governor of norges bank ( central bank of norway ), at the symposium in honour of victor d norman, bergen, 7 june 2006. the speech does not contain new assessments of the economic situation or of current interest r... | they could also be less than $ 50 per barrel. furthermore, even estimating the probability that oil prices will be $ 100 per barrel, or $ 80 per barrel or $ 40 per barrel, is very difficult. this is the essence of uncertainty : it involves risks which cannot objectively be quantified. 2. uncertainty and investment impo... | 0 |
for your attention. 1 daly, k., ( 2016 ), “ a secular increase in the equity risk premium ”, international finance 19 : 2, pp. 179 – 200. 2 caballero, r. and a. simsek, ( 2017 ), “ a risk - centric model of demand recessions and macroprudential policy ”, nber working paper no. 23614. 3 bernanke, b., ( 2005 ), “ the glo... | euro area. the eonia is expected to go above zero only in 2019 and reach 2 % in ten years - time. on the other hand, market expectations of ten years german and spanish sovereign bonds yields five years from now are respectively 1. 5 and 3. 3 and only move to 1. 76 and 3. 9 when assessed ten years from now ( figure 5, ... | 1 |
time, it is of the utmost importance that substantial and far - reaching structural reforms be implemented urgently in the euro area in order to strengthen its growth potential, competitiveness and flexibility. in particular, countries which have high fiscal and external deficits or which are suffering from a loss of c... | of increasing demand. to address this challenge, where necessary, it is essential for banks to retain earnings, to turn to the market to strengthen further their capital bases or to take full advantage of government support measures for recapitalisation. in particular, banks that currently have limited access to market... | 1 |
##bearance not become institutionalized, but be tied directly to actions by both bankers and supervisors to address underlying problems. • governments are not good long - term asset managers. prolonged government holding of impaired assets is not likely to enhance their value, nor aid in the restoration of market liqui... | william j mcdonough : toward greater financial stability remarks by mr william j mcdonough, president and chief executive officer of the federal reserve bank of new york, at the bank of thailand, bangkok, 5 february 2001. * * * it is my pleasure to accept the invitation of the bank of thailand to speak to you tonight o... | 1 |
andrew sentance : the challenges of the “ new global economy ” speech by mr andrew sentance, external member of the monetary policy committee of the bank of england, at the jersey chamber of commerce, st helier, 25 may 2011. all speeches are available online at www. bankofengland. co. uk / publications / speeches. * * ... | fund bis central bankers ’ speeches chart 6 – global primary energy consumption million tonnes oil equivalent oecd non - oecd source : bp statistical review 2010 this pattern of upward pressure on energy and commodity prices has been particularly noticeable since the mid - 2000s and it has had a significant influence o... | 1 |
delisle worrell : the initiative of the financial stability board on “ noncooperative jurisdictions ” from a caribbean perspective remarks by dr delisle worrell, governor of the central bank of barbados, on behalf of the caribbean group at breakfast with the managing director of the international monetary fund ( imf ),... | delisle worrell : growing the economy address by dr delisle worrell, governor of the central bank of barbados, at the barbados chamber of commerce and industry ’ s lunchtime lecture, bridgetown, 27 march 2013. * * * barbadians can and must grow our economy, in order to continue the improvement in the quality of life fo... | 0.5 |
almost entirely for its own sake and to almost complete exclusion of the larger public policy purpose of sub - serving the hedging needs of the real sector, creating a massive “ financial sector - real sector imbalance ” and, thus, in turn, become the very antithesis of responsible financial innovation. market segmenta... | h r khan : understanding psychology for responsible financial behaviour inaugural address by shri h r khan, deputy governor of the reserve bank of india, at the interdisciplinary seminar on psychonomics – understanding the psychology of financial behavior organised by maharshi dayanand college of arts, science & commer... | 0.5 |
luljeta minxhozi : the contribution of the albanian diaspora to the nation ’ s economic development speech by ms luljeta minxhozi, first deputy governor of the bank of albania, at the second summit of the albanian diaspora, tirana, 4 march 2019. * * * dear ladies and gentlemen, on this special day, we have come togethe... | been reflected in a relative lack of confidence in europe ’ s future. however, backsliding into protectionism, as has been called for by some, would be like traveling back in time. there is no other way to reap the potential gains from globalization but to evolve towards further specialization, innovation and diversifi... | 0 |
roger w ferguson, jr : basel ii - a case study in risk management speech by mr roger w ferguson, jr, vice - chairman of the board of governors of the us federal reserve system, at the risk management workshop for regulators, the world bank, washington, d. c., 28 april 2003. * * * i am pleased to join you this morning a... | guarantee that there will not be any problems. in fact, the turmoil generated by the international crisis has fed through to the spanish economy and impacted it at a time when it was beginning to adjust the imbalances which had built up during fifteen years of continuous high economic growth. all these factors led spai... | 0 |
changes in the prices of those products. the second type does not reflect a direct change in the demand for canadian products. instead, it may reflect a portfolio adjustment - in favour of, or away from, canadian financial assets. or it may be part of a broader realignment of major currencies that is required to resolv... | paul jenkins : what monetary policy can and cannot do remarks by mr paul jenkins, senior deputy governor of the bank of canada, to the canadian institute of actuaries, ottawa, ontario, 29 june 2006. * * * i am very pleased to be here today. as canada's central bank, we are committed to conduct monetary policy in a way ... | 1 |
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