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Global econ slowdown at or near bottom
SWITZERLAND - While the global economy remains in a slump, conditions at least appear to have stabilized, suggesting that the slowdown is at or near its turning point, Bank of England Governor Eddie George said Monday 10 Sep after a regular meeting of…
Japan heads towards recession
JAPAN - Japan's battered economy has tipped yet closer to recession, as new figures show it contracted 0.8% in the second quarter of the year.
Economist group sees slower growth ahead this year
US - The National Association for Business Economics has revised down its estimates of U.S. growth for both this year and next.
US jobless rate jumps to 4.9%
US - The US unemployment rate rose sharply to 4.9% in August, official data has showed.
Philippines faces sanctions on money laundering
PHILIPPINES - The Philippines could face sanctions from a range of industrialised countries from the end of September thanks to its failure to tackle money laundering, according to an international agency which monitors the issue.
Life after Duisenberg
CENTRALBANKNET'S SPECIAL REPORT - Achieving consensus is never easy in the European Union - and choosing a president for the European Central Bank was no exception. So, in typical EU style, a compromise was reached. Or was it? The French maintain that…
Latvia's central bank governor to resign
LATVIA - Einars Repse, the popular president of the Latvian central bank, said yesterday, Thursday 6 Sep, he intended to step down in order to lead a new political party, following accusations from the ruling party of a conflict of interest.
Argentines flow cash back into banking system
ARGENTINA - Argentine depositors are returning money to the financial system, reassured by the recent decision of the International Monetary Fund to lend the country a further US$8-billion.
E-Signature law may see PSL reap rewards
POLAND - The Sejm has a new hot topic. The Electronic Signature Act was supposed to unleash the market for advanced online services, but may now become the source of large profits for a company said to have ties with the Peasants' Party (PSL).
German CDG to train Albania's bank managers
ALBANIA - German foundation Carl Duisberg Gesellschaft will train the managers of the Albanian Savings Bank and the National Commercial Bank under a project of the Stability Pact.
Trichet unveils Bank of France euro info campaign
FRANCE - Bank of France Governor Jean-Claude Trichet Wednesday 5 Sep unveiled the French leg of a euro-zone-wide campaign to publicise the switchover to euro notes and coins at the beginning of 2002.
Three new directors sworn in for Peru central bank
PERU - Three persons nominated by President Alejandro Toledo officially became directors of the Central Reserve Bank of Peru Wednesday 5 Sep.
Welteke: Signs pointing to recovery in 2nd half
IRELAND - Deutsche Bundesbank President Ernst Welteke Tuesday 4 Sep expressed hopes that Germany's economic growth rate will begin to pick up later this year.
Big bang or gradualism in economic reforms
WORKING PAPER - IMF Working Paper written by Andrew Feltenstein and Saleh M Nsouli published August 2001. "Big Bang" Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China.
Two monetary approaches to the balance of payments
WORKING PAPER - IMF Working Paper written by Jacques J Polak and published August 2001. The two monetary approaches to the balance of payments: Keynesian and Johnsonian.
Philippines: Preparations for Inflation Targeting
WORKING PAPER - IMF Working Paper written by Piyabha Kongsamut and published August 2001.
Horst Kohler at Stanley Fischer’s leaving dinner
SPEECH - Dinner in Honour of Stanley Fischer. Remarks by Horst Kohler, Managing Director, International Monetary Fund 29 August.
The Bundesbank's view on the world economy
SPEECH - Speech by Ernst Welteke President of the Deutsche Bundesbank delivered at the Annual Members' Dinner of the Financial Services Industry Association in Dublin, Ireland on Tuesday 4 September.
Noyer: New Rate Level In Line With Price Stability
FRANCE - European Central Bank Vice President Christian Noyer Thursday 6 Sep hailed the euro's strengthening trend over the past several weeks, while at the same time downplaying its fall back below $0.90 this week.
The stability-oriented monetary policy of the ECB
SPEECH - Luncheon speech by Christian Noyer, Vice-President of the European Central Bank, at the conference organised by HSBC CCF Securities, Paris, 6 September.
IMF says making fewer conditions on its lending
US - The International Monetary Fund said on Tuesday 4 Sep it has pared back the amount of conditions its attaches to its loans, but that more needs to be done on the policy, which aims to give borrowers more freedom in setting their own economic…
LDP group to draw up BOJ law revision proposal
JAPAN - A group of lawmakers in the ruling Liberal Democratic Party will draw up a report recommending revisions to the Bank of Japan law in early October, a key member of the group said Wednesday 5 Sep.
Reserve Bank of Australia - Press release
PRESS RELEASE - Statement by the governor, Mr Ian MacFarlane - Monetary Policy 5 September.
Shiokawa to discuss forex with O'Neill
JAPAN - Although the government wants a weaker yen to accompany the Bank of Japan's easy monetary stance, it is hard to intentionally drive currency rates, Japanese Finance Minister Masajuro Shiokawa said today, 5 September.