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Soiled notes turn to paper bricks!
INDIA - The Gujarat headquarters of the Reserve Bank of India (RBI) has installed a Rs 2 crore note-shredder imported from the Netherlands at its regional head-office near Gandhi bridge, said regional director, RBI-Gujarat VS Das.
Alan Greenspan applauds US financial system
US - The US is blessed with a financial system that is "creative, flexible and innovative", said Alan Greenspan, chairman of the Federal Reserve, in a pre-recorded speech to the American Bankers Association.
Research from the Minneapolis Federal Reserve Bank
RESEARCH - The Federal Reserve Bank of Minneapolis has published research on the supervisory process in the September 2001 edition of The region, its regular quarterly publication.
Very short excerpt from Dallas Fed speech
SPEECH - An excerpt (very short) from speeches by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas before the Texas Economic Development Council and Best Southwest Partnership, Dallas, Texas, 20 September.
Speech by Lars Heikensten of Sweden's central bank
SPEECH - Speech by First Deputy Governor Lars Heikensten of Sveriges Riksbank, Sweden's central bank, Stockholm, 23 October.
Speech by Kate Barker of the Bank of England
SPEECH - Speech by Kate Barker, Member of the Monetary Policy Committee of the Bank of England delivered at the Royal Bank of Scotland/ Scottish Economic Society Annual Lecture, Edinburgh on 23 October.
Speech by Alan Greenspan of the Federal Reserve
SPEECH - Remarks by Chairman of the Federal Reserve Board Alan Greenspan at the American Bankers Association's Virtual Annual Convention (taped statement) 23 October.
Regulators seek more data about credit derivatives
US - U.S. bank regulators, saying the notional amount of credit derivatives at banks has increased more than sixfold since 1997, from $55 billion to $352 billion, are proposing new reporting requirements on credit derivatives.
Soros lashes out at ECB
US - George Soros, the billionaire financial expert, has lashed out at the monetary policy of the European Central Bank (ECB).
Rate cut row mars summit
GERMANY - The European Union has called for the European Central Bank (ECB) to take "further decisive action" in easing monetary policy in order to boost the eurozone's economy.
Can Alan save the day again?
ARTICLE - Probably not. In the past decade, we've created inflated ideas of the Federal Reserve's power.
Germany 'on the brink of recession' - Report
GERMANY - Germany has suffered a sharp fall in growth this year and the recovery next year is likely to be very slight, a bi-annual report from the country's top six economic institutes has warned.
Dutch plan euro giveaway
NETHERLANDS - On 1 January 2002 the euro finally becomes legal tender in 12 different countries. More than 15 billion euro notes and 50 billion coins will be delivered to banks around Europe over the next few weeks in preparation.
BI won't freeze bin Laden's assets
INDONESIA - Bank Indonesia has refused to freeze financial assets linked to Osama bin Laden as demanded by the U.S. government, according to Antara news agency.
BNM commemorative coins for sale
MALAYSIA - Coin collectors interested in buying previous issues of commemorative coins produced by Bank Negara Malaysia will have the final chance to do so until year-end.
Greenspan: Fed carried on 11 Sept without him
US - Federal Reserve Chairman Alan Greenspan, who is often praised for his steady hand during times of crisis, said Friday that he was "essentially incommunicado" on 11 Sept, yet the Fed functioned quite well without him.
Japan Yanagisawa: Ratios to weather NPL write-offs
JAPAN - Japan's top financial regulator Hakuo Yangisawa said Monday banks will likely be able to keep their capital adequacy ratios above 8% even if they write off their non-performing loans.
BOJ Mitani: Econ close to deflationary spiral
JAPAN - Many companies in Western Japan think the economy is on the verge of a deflationary spiral, the manager of the Bank of Japan's Osaka branch said Monday.
Speech by the Governor, Central Bank of Malta
SPEECH - Address by Mr Michael C. Bonello, Governor of the Central Bank of Malta to the Malta Chamber of Commerce National Competitiveness Conference, 5 October.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Speech delivered at the "2001 Days of Official Statistics" conference, Vienna, 16 October, by Prof. Eugenio Domingo Solans, Member of the Governing Council and of the Executive Board of the European Central Bank.
Speech by Eva Srejber of Sveriges Riksbank
SPEECH - Speech by Second Deputy Governor Eva Srejber of Sveriges Riksbank, the central bank of Sweden, at The EU Club of Sweden, Gothenburg, 16 October.
Speech by Yutaka Yamaguchi of the Bank of Japan
SPEECH - Remarks by Yutaka Yamaguchi, Deputy Governor of the Bank of Japan, at the JCIF International Finance Seminar on 17 October.
Philadelphia Fed Oct. index plunges
US - The Federal Reserve Bank of Philadelphia's business outlook survey for October indicated the regional economy reversed following the 11 September terror attacks.
RBA buys a net $778 mln in forex market, September
AUSTRALIA - The Reserve Bank of Australia bought a net $A778 million in its foreign exchange market transactions in September, according to figures in its monthly bulletin.