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NZ central bk seeks additional mon policy advisors
NEW ZEALAND - The Reserve Bank of New Zealand on 11 July placed advertisements in local newspapers for one or two recruits to provide additional monetary policy advice to the central bank.
Second banker in month nominated to Fed board
US - President Bush announced 10 July that he will nominate former community banker and Senate Banking Committee aide Mark Olson to the Federal Reserve Board.
Mon council member resigns at new central bank act
HUNGARY - Professor Janos Kornai, one of Hungary's most prominent economists, has announced his resignation from his position on the monetary council of the National Bank of Hungary (MNB).
Bank directors told to undergo training
PHILIPPINES - The Bangko Sentral has expanded its "fit and proper" rule for bank officers and directors by requiring all appointees to banks' boards to undergo mandatory training in "good corporate governance".
Sharon backs Klein and an independent Central Bank
ISRAEL - Prime Minister Ariel Sharon has published a statement on 9 July expressing support for maintaining the independence of the Bank of Israel and for Governor David Klein, Ha'aretz reports.
CBR makes life easier for capital exporters
RUSSIA - On 5 July, the Central Bank of Russia established a new procedure for making direct investments in the economies of CIS countries.
Reserve Bank of Malawi must have greater autonomy
MALAWI - Economists in the country have called on the government to leave the country's Central Bank, the Reserve Bank of Malawi (RBM) alone saying that creating the independence of the bank would benefit the whole nation.
French to ease cash deposit laws
FRANCE - The French parliament looks set to adopt a law that eases the responsibility of banks for reporting large cash deposits during the introduction of euro notes and coins.
Indonesia c-bank implements new settlement system
INDONESIA - Bank Indonesia (BI), the Indonesian central bank, has implemented the Real-Time Gross Settlement (RTGS) system in Bandung. RTGS facilitates high-speed, high-value transactions. BI will also use RTGS to monitor the liquidity of banks and as an…
Bangladesh central bank launches website
BANGLADESH - Bangladesh Bank, the country's central bank, on 11 July opened its website to allow access to economic information and financial data.
Speech by Yutaka Yamaguchi Dep Gov Bank of Japan
SPEECH - Yutaka Yamaguchi, Deputy Governor of the Bank of Japan, gave a speech at the Edinburgh Finance & Investment Seminar, on 22 June. The speech was published on 9 July.
The Information Campaign - Euro 2002
SPEECH - Wim Duisenberg, President of the European Central Bank gave a speech titled 'The Information Campaign - Euro 2002' in Paris on 10 July. The speech is in French.
Europe and the New Economy
SPEECH - Eugenio Domingo Solans, Executive Board Member of the European Central Bank gave a speech on 9 July. The speech was titled 'Europe and the New Economy'. The speech is in Spanish.
Brazil currency weaker as Argentina worries
BRAZIL - Brazil's currency weakened by about 1.7 percent by noon 10 July as concern over Argentina and its attempts to sell new debt undercut attempts by the Central Bank to prop up the embattled real.
Nepal to let foreigners have majority bank stakes
NEPAL - Nepal announced on 10 July it would let foreign players hold majority stakes in joint venture banks as part of a drive to open up its banking sector to outsiders.
Sweden needs stabilising tool for euro entry-union
SWEDEN - Swedish membership of the euro is not desirable unless there is a tool to stabilise the economy which would compensate for the loss of national monetary policy, the country's biggest trade union group said on 10 July.
Central Bank Governor - Mexico confident
MEXICO - Self-confident Mexico shrugs off the jitters - Central bank chief says sound fundamentals have helped Mexico avoid the pitfalls of an emerging market.
New York Fed names new appointments
NEW YORK - The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of three officers to assistant vice presidents and named eight new officers at the bank.
Advisers join Thai monetary policy board
THAILAND - Aran Thammano and Chaiyawat Vibulsawat have been appointed as advisers to the Bank of Thailand's monetary policy board. They have been authorised to give suggestions and opinions to the board, which convenes on a monthly basis.
Speech by Fed Bank of Chicago President M Moskow
SPEECH - Michael H. Moskow, President and CEO of the Federal Reserve Bank of Chicago spoke at the Greater Milwaukee Committee monthly meeting, Milwaukee, Wisconsin on 9 July.
Economic Developments at Home and Abroad
SPEECH - The Governor of the Reserve Bank of Australia, Ian Macfarlane, has given a speech at the Joint Australian Business Economists & Economic Society (New South Wales Branch) Dinner in Sydney, today, 10 July.
Phillips Curve on Inflation - Toss a coin instead
RESEARCH - Andrew Atkeson and Lee E. Ohanian of the Research Department of the Federal Reserve Bank of Minneapolis have published an article in the Winter 2001 of the Bank's Quarterly Review.
Federal Reserve Bank of New York Research
RESEARCH - Kevin J. Stiroh at the Federal Reserve Bank of New York has published an article titled Investing in Information Technology: Productivity Payoffs for U.S. Industries. The article is published in Current Issues in Economics and Finance, June…
Decentralized Portfolio Management
RESEARCH - Paulo Coutinho and Benjamin Miranda Tabak at the Central Bank of Brazil have produced an article titled Decentralized Portfolio Management. It is part of the Bank's Working Paper series, June 2001.