samchain/econo-pairs-v2 huggingface dataset:
but emerge stronger. " cbbh and i personally will do everything in our power to make it so. " thank you

senad softic, ph. d. governor of the central bank of bh sarajevo, 7 june 2020 appreciation speech at the 2019 person of the year award in the category of public administration organized by vec ernji list magazine f irst of all, i would like to thank you for your trust and honor for being nominated and selected for the prestigious person of the year award in this category. this is a great recognition for me personally, but also for the entire central bank of bosnia and herzegovina. that is why gratitude, of course, goes to everyone at the central bank. i would also like to express my special gratitude to my family for the support they have given me all this time. vecernjak's seal and awards for person of the year in various categories are prestigious awards and this happening of vecernji list has outgrown the borders of bh long ago and become a regional event. that is why it is a great honor to be just nominated, let alone to obtain such a recognition. our work has been recognized by international financial institutions and european union institutions, which have assessed the cbbh and its monetary policy as the foundation of macroeconomic stability in bh. two keywords characterize our business : improvement and stability. we continuously improve the work processes and competencies of all our resources, i. e. potentials. at the same time, we are trying to adapt, as much as possible, to the modern trends of central banking and the processes of the european union, in order to be fully compatible. on the other hand, we strive to preserve the core values that the central bank strives for, and that is stability. primarily the stability of our convertible mark, which enjoys the utmost trust of all bh citizens. we are facing times of economic uncertainty. and when the future is uncertain then the pillars of stability are more important than ever before. without strong foundations, there is no future construction. that is why i am convinced that the role of the central bank, as one of the foundations of not only economic, but also overall social stability, will be even greater in the future. we will continue to carry out our mandates, professionally and responsibly, and in the interest of all our citizens. thank you again, congratulations to all nominees and other winners in other categories with the following message : " only by joining forces, maintaining stability and believing in a better tomorrow we can, not only overcome this current crisis,
frankfurt european banking congress, 22 november 2024 central banks and the unleashing of european growth speech by francois villeroy de galhau, governor of the banque de france press contact : delphine cuny ( delphine. cuny @ banque - france. fr ) ladies and gentlemen, liebe freunde, i am delighted to be with you today at the 2024 frankfurt european banking congress, especially for this joint session with my bundesbank colleague and friend joachim nagel. europe obviously has a growth problem. recent trends were already set to widen the gap i while since 1999, gdp per capita growth has been slower in the euro area ( + 26 % vs + 39 % in the us ). a significant part of the gap is due to the last five years : since 2019 and covid, gdp per capita only increased by 2. 5 % in the euro area compared with 7. 9 % in the us. the outcome of the us election must obviously serve as another wake - up call. the future us economic policy is still uncertain in its details, but not in its probable direction : more tariffs, more fiscal deficits, less regulation including in finance. and this could mean more risks for the global economy : more inflation – especially in the us –, more financial volatility, less trade and hence less growth including for europe. joachim and i nevertheless believe that europe still has the levers to master its economic destiny and strengthen its growth : this is why we will issue today a common call. but let me first dispel three common misconceptions regarding central banks and growth. 1 ) “ central banks don ’ t care about growth ” true, our primary objective is and should remain price stability. we are clearly in the process of reining in inflation, which stood at 1. 7 % in september and 2. 0 % in october in the euro area, down from a peak of 10. 6 % two years earlier. this sharp decrease clearly warranted the third rate cut in october. ii despite possible ups and downs over coming months, we are very confident that we will sustainably reach our 2 % target. we should even get there earlier than expected in 2025 compared with our september forecasts. iii our past monetary tightening has neither caused a recession in the euro area as a whole, nor substantially raised unemployment which remains at its historical low ( 6. 3 % for the euro area ). in short, the european economy is achieving

small businesses. it will work actively with the observatory for business financing, as well as through its day - to - day contacts with credit institutions and financing companies, to help develop financial products that can better reduce this obstacle to vse growth. the determined efforts that the banque de france intends to undertake or to participate in, will of course benefit greatly from your input here today at this symposium. i shall follow your work and the results closely, and i hope you enjoy this excellent event. thank you for your attention. bis central bankers ’ speeches
##est sovereign links. and only default remains. or, of course, a bail - out, i. e. shifting the debt burden from some countries to others. but, history seems to suggest quite clearly that without some form of debt reduction ( or default, if you wish ) it will be really hard to get sovereigns functioning normally again. are there any other alternatives? yes, either very fast growth or slow deleveraging. the first option is possible, but unlikely. the second option might mean not one, but two “ japanese ” lost decades. moreover, the second option might also endanger the strong economies. so, once again, without one form of debt reduction or another, it will be really hard to move forward. bis central bankers ’ speeches

a lot of capacity gaps will need to be filled if member countries must conduct monetary and fiscal policies at the cutting edge of best practices. an articulation of the gaps is therefore in order. • capacity for analysis of monetary survey staff in monetary and fiscal policy departments must be familiar with the intricacies of monetary survey – a consolidation of both the balance sheets of central banks and deposit money banks. the monetary aggregates are summarized in the assets and liabilities sides of the survey. the financial database for liquidity forecasting is contained in the monetary survey. • training in macroeconomic relationships the staff of the relevant departments of central bank and ministries of finance and national planning commission should be familiar with macroeconomic relationships and financial programming. to this end, an advantage should be taken of waifem / imf annual courses in financial programming. • training in econometric modelling and forecasting familiarity with econometric methodology is critical to effective conduct of liquidity forecasting for sound monetary policy. again waifem ’ s courses in econometric modelling and forecasting is a welcome initiative to bridge capacity gaps. • understanding the macroeconomy finally, liquidity forecasting cannot be effectively done without sufficient understanding of the macroeconomy, stance of demand management policies and outlook for the future. all this constitutes the environment in which forecasting takes place. 4. 0 conclusion in this address, i have sought to sensitize you about some of the critical issues in liquidity forecasting. i believe that the expert faculty placed at your disposal, will give you an exhaustive treatment of the subject matter. at this juncture, permit me to express our sincere appreciation to messrs simon gray and tony smith of the centre for central banking studies of the bank of england and the uk treasury department, respectively for taking up our call to facilitate this course. i would like to take the liberty to invite you to avail yourselves of this opportunity provided by this course. once more i enjoin you to feel at home here in freetown and enjoy the warmth and hospitality of our people. on this note, it is my singular honour and privilege to declare open the regional course on liquidity forecasting for monetary and fiscal management. i thank you for your attention.
on the lagging regions such as sub - saharan africa, lagging countries within the achieving regions such as cambodia and papua new guinea and lagging provinces, states and districts within the successful countries such as guizhou, yunnan and xinjiang in china. there is a strong evidence to confirm the existence of virtuous cycle linking education and economic growth. education is critical to better health and nutrition. better education, health and nutrition increase the productivity that leads to economic growth. growth then generates resources that are deployed to finance improvement in health and education, further raising productivity. critical in this cycle is the female education which has the highest direct and indirect rates of return among all types of investment. educated and healthier women participate in the labor force, contribute to higher productivity by adopting new techniques and innovations and thus raise level of household incomes. the higher growth outcome achieved in this benign way also reduces incidence of poverty. thus investment in female education must be given the highest priority. within a country, the scale and effectiveness are the two main determinants of achieving the millennium goals. the scaling up effort cannot take place without the active involvement and capacity of the government at all levels. planning, coordination, monitoring and filling in the capacity gaps by the government are essential ingredients of any meaningful scaling up. improved delivery of education and health services as well as availability of water and sanitation to the poor people can best be done by the government. these not only require investments but also reforms in policies and institutional framework. on the other hand the effectiveness of the delivery of services and right targeting are difficult to achieve without the active involvement and serious efforts of the communities for which volunteers and voluntary organizations are best suited. the capabilities of poor people to participate in and benefit from growth will have to be upgraded and that can be done only by the volunteers and community leaders. successful innovations such as educo in el salvador, the progreso programmed in mexico, female secondary school assistance in bangladesh are good examples of community engagement in effective service delivery. in bangladesh are good examples of community engagement in effective service delivery. in porto alegre, brazil, public monitoring of local budgets has brought huge improvement in services. the various stakeholders involved in this global partnership i. e. the developing countries, developed countries, international financial institutions and the un family, ngos and voluntary organizations, the academia and media should examine their own role, responsibilities and attainments. they should mainly focus on the system - wise issues and the lagging regions, countries and areas to

the bank of russia ’ s 4 % target. 3 / 3 bis central bankers'speeches
we at the bank of canada will carefully examine how liquidity is supplied to the economy. we will continue to do research to understand financial system mechanisms and developments so as to increase our ability to identify risks. and we will work with our partners to implement preventative measures. i am confident that you will do your part, too.

david dodge : summary of the latest monetary policy report opening statement by david dodge, governor of the bank of canada, at a press conference following the release of the monetary policy report update, ottawa, 26 january 2006. * * * today, we released the update to our october monetary policy report ( mpr ). the update reviews economic and financial trends in the context of canada's inflation - control strategy. the canadian and world economies are evolving essentially in line with the bank's expectations, and the outlook for growth and inflation in canada is similar to that in the october mpr. canada's economy continues to adjust to global developments and to the associated changes in relative prices. the bank continues to judge that the canadian economy is operating at its production capacity and will grow roughly in line with its production potential through 2007. annual gdp growth is expected to be 3. 1 per cent this year and 2. 9 per cent in 2007, with strong growth in domestic demand and further gains in exports. total cpi inflation, which was 2. 3 per cent in the fourth quarter of 2005, will continue to be affected by the prices of crude oil and natural gas. the bank projects that total inflation will be about 2. 5 per cent in the first half of 2006, easing to 2 per cent by the first half of 2007. core inflation, which was 1. 6 per cent in the fourth quarter of 2005, should also return to 2 per cent by the first half of next year. risks to the bank's projection remain balanced for 2006. through 2007 and beyond, risks are tilted to the downside, as the unwinding of global imbalances could involve a slowdown in world economic activity. in line with the bank's base - case projection and current assessment of risks, some modest further increase in the policy interest rate would be required to keep aggregate supply and demand in balance and inflation on target over the medium term.
bostjan jazbec : the bail - in tool and the challenges to its smooth implementation address given by mr bostjan jazbec, governor of the bank of slovenia at the executive seminar on banking resolution, florence, on 14 july 2016. * * * it is a pleasure to be invited to talk on banking resolution to this distinguished gathering of bank regulators, supervisors, central bank officials, bankers, and academics. the timing could not be more opportune. banking resolution can be a messy business. last week, criminal police from the special prosecutor ’ s office raided the bank of slovenia and seized documents and information related to banking resolution measures undertaken by the bank of slovenia and the government in december 2013. the main focus of the investigation is the decision taken at that time to use bail - in of subordinated instruments as one of the tools of banking resolution. in 2014, the slovenian association of small shareholders filed several court cases against the bank of slovenia and local banks, claiming that the subordinated instruments in rescued banks should not have been erased. one of the cases has gone all the way to the european court of justice after slovenia ’ s constitutional court referred it to the eu tribunal for clarification. a ruling of the european court on this case is expected early next week. the court ruling may have serious ramifications for the efforts under way to establish an effective banking union in europe. considerable momentum has developed in favor of bail - in centered banking resolution. as andrew gracie of the bank of england has noted in a recent speech, a bail - in transaction is at the heart of all the resolution plans drawn up in the crisis management groups. in addition, the european banking authority ( eba ) has set standards on minimum requirement for own funds and eligible liabilities ( mrel ) that banks should have to ensure adequate loss absorbing capacity. the slovene experience brings out the sensitivity of the bail - in tool and the challenges to its smooth implementation. it would be important for the resolution authorities to address these challenges upfront and find answers for them. a key requirement would be to make bail - in legally enforceable by introducing all the necessary legislation, thereby minimizing the possibility of litigation. an important associated step is clear communication. investors and shareholders will need to understand the risks to which they are exposed by holding subordinated instruments, and holders should have clarity on the order in which they would incur losses. however, it is doubtful if the ambiguities in the

##ing of the sources of growth of the spanish economy. thank you.
i would urge everyone present to draw on mr reich ’ s wealth of expertise and his contacts. after all, the networks we share are what make us strong. mr reich, i wish you all the best and every success in the tasks that lie ahead of you. thank you very much for your attention. 3 / 3 bis central bankers'speeches

working from home temporarily just as soon as the next blizzard hits. just like at many other companies and institutions, working remotely has become second nature to the bundesbank ’ s employees. 1 / 3 bis central bankers'speeches part of the reason it works so well is that our staff have forged close personal bonds with each other in the past. they can now draw on the networks they have established. but networks are like plants in the desert. if they are strong, they can go a long time without water. they can ’ t survive without it altogether, though. networks need personal contact like plants need water. and an oasis can only flourish where there is a continuous supply of water. as effective as communicating by email, telephone and video conference has now become, cooperation that is based on mutual trust primarily comes from direct personal contact and faceto - face interactions like those we are engaging in today. ladies and gentlemen, establishing networks and exchanging information across institutions and national borders is important in a globalised world, and will remain so. the most pertinent example here is probably climate change. to combat climate change effectively, the international community needs to agree on a common set of rules – agreements that are only sustainable in the long term if they are underpinned by strong international networks. the bank for international settlements ( bis ) is one example of a solid international network. with over 60 member central banks, it has been setting global standards for 90 years now. it is home to a number of significant standing committees which work towards harmonising financial and banking systems. these include the committee on the global financial system ( cgfs ), the basel committee on banking supervision ( bcbs ) and the committee on payments and market infrastructures ( cmpi ), to name but a few. the bundesbank has its own division dedicated to the mutual exchange and transfer of central bank knowledge with partner institutions – the centre for international central bank dialogue. and we nurture and maintain a network of representatives and representative offices in many countries around the world. this year, for instance, we also started seconding representatives to the german embassies in paris, rome and madrid, thus making it easier to reach out to national authorities and financial institutions in major euro area countries via the close working relationships we already enjoy with other central banks. this mirrors what we have already been doing at the global level for many years via our network of representatives and representative offices. as well as allowing us to establish valuable contacts, this
##25 bank of england

reading between the lines − speech by sarah breeden given at university of edinburgh business school published on 09 january 2025 in this speech sarah breeden sets out her views on the outlook for the uk economy and for monetary policy. she discusses the challenges around identifying the nature of shocks hitting the economy and how different shocks have different implications for medium - term inflation. speech it has been a little over a year since i joined the monetary policy committee ( mpc ). lots has happened over that period. i ’ m going to use this speech to review what we have learned and where that leaves my view of the outlook for the economy and for monetary policy. in doing that, i will aim to explain how important it is for us to keep asking ourselves which shocks could be hitting the economy and what implications those different shocks would have for medium - term inflation. we are always reading between the lines. before i get into the meat of the speech, i wanted to thank you for inviting me to come to speak to you today. i can think of few better places to come to talk about the economy than one of the homes of adam smith, the father of the discipline – i just can ’ t promise to be as insightful and groundbreaking as he was in his day! why do shocks matter? inflation has fallen materially over the past year. that is welcome news, especially given the painful high inflation period we found ourselves in during the prior couple of years. but as monetary policymakers we must stay focused on where the economy might be heading, not where it has been. that means taking a view on which shocks are hitting the economy and how they might play out over time. this is easier said than done. it is notoriously hard to know which shocks are hitting the economy in real time. reasonable people could take different views on the shocks that explain the same set of data. for example, is a reduction in economic activity a sign of lower domestic demand, lower demand from abroad or a reduction in the supply capacity of the economy? is a fall in import price inflation a sign of past shocks easing off or a new shock hitting? does it reflect a weaker global economy or more productive global suppliers? this isn ’ t just an intellectual exercise. attributing data news to the'wrong'shocks can have material implications for our understanding of the evolution of the economy in the future, and therefore what we should do with monetary policy. as policymakers we are constantly discussing and revising our views