the central banks, or their equivalent, in six of the main East Asian developing economies. Some of these economies have … issued by the national government--not the central bank--be developed for the central bank's use in its monetary policy …

Over the last few decades, most central banks, concerned about settlement risks inherent in payment netting systems …, they require greater liquidity to smooth nonsynchronized payment flows. Thus, central banks typically provide intraday … intraday liquidity is managed has become a competitive parameter in commercial banking and a policy concern of central banks …

some prespecified event occurs. LSMs can reduce the amount of central bank balances necessary to operate a payments system …

This article summarizes a conference, titled “Issues Related to Central Counterparty Clearing,” cosponsored by the … Federal Reserve Bank of Chicago and the European Central Bank on April 3–4, 2006. The conference brought together industry … executives, policymakers, and research economists to evaluate current public policy issues involving central counterparties. …

, the crisis ended following a rather modest interest rate cut by the Federal Reserve. Why did the central bank's action …

Central banks around the world potentially face a skeptical public when they announce a commitment to controlling … inflation. Some economists have argued that, to enhance credibility, central banks should adopt monetary growth rules or other …

Central banks throughout the world are moving to adopt long-run price stability as their primary goal. Whether … operating with multiple short-run goals or legislative mandates for price stability, virtually all central banks have recognized … better understand how central banks can best reduce inflation and what policies and operating procedures should be …

After two decades of successfully restoring price stability in much of the world economy, central banks begin the next … does not reappear as a serious policy problem? Another important question is whether central banks enjoy greater … distinguished experts from central banks, academic institutions, and financial markets from around the world.> Sellon and Buskas …

of these ideas and issues that will continue to challenge central bankers for years to come. The symposium was held at … distinguished group of central bank officials and academic, policy, and business economists to discuss these important challenges …