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IMF - Quiet caution for Argentina's currency shift
ARTICLE - Centralbanknet's report on the IMF's Stanley Fischer who has visited Argentina. He has warned that the planned Argentine currency move may set a worrying precedent.
Comment on the Fed's rate cut decision
UK - The Financial Times in London, 28 June, has published a comment on the US Federal Reserve Board's decision to cut it's key interest rate measure by 0.25 percent.
Bank of England - Financial Stability Review
RESEARCH - On 28 June the Bank of England published the latest Financial Stability Review for June 2001. The review contains five articles and the Bank's regular half-yearly assessment of risks to stability.
Interest rate moves around the world
FEATURE - Yesterday, 27 June, the Federal Reserve reduced key US interest rates for the sixth time this year. Here we feature other recent interest rates moves around the world (among the other big central banks the Bank of England has held it's rate…
Federal Reserve cuts rates, by less than expected
US - Alan Greenspan, the U.S. Federal Reserve Board chairman and Federal Reserve governors, ended a two-day meeting yesterday, 27 June, by reducing interest rates, but only by a quarter of a percentage point, instead of the half-point cut that some…
Comparing measures of core inflation
RESEARCH - Todd E. Clark, of the Federal Reserve Bank of Kansas City has published an article in the Bank's Second Quarter 2001 Economic Review. The research compares five different measures of core CPI inflation.
London sees change in foreign central bank rep's
UK - The last year has seen big changes in the representation of foreign central bank's in London with nine new faces.
Bank of France to cut jobs at banknote facilities
FRANCE - The Bank of France yesterday informed unions of 494 job cuts by 2005 in its banknote production units. The plan, aimed at bringing down the cost of banknote production to improve competitiveness, mainly affects facilities at Chamalieres and Vic…
New limited company for cash handling in Norway
NORWAY - Norges Bank, Den norske Bank ASA, Gjensidige Nor Sparebank, SpareBank 1 Gruppen AS, Terra-Gruppen AS, Fokus Bank ASA and Nordlandsbanken ASA have founded a joint limited company for cash handling.
IMF appoints representative to Bulgaria
BULGARIA - Piritta Sorsa has been appointed as IMF's resident representative to Bulgaria.
NBER - US 'recession' may already have peaked
ARTICLE - In a letter to the editor of the Financial Times in London, Martin Feldstein, President of the National Bureau of Economic Research in the US says that even if a recession occurs it will be a long time before it becomes official.
History of recessions contradicts Greenspan
ARTICLE - David Leonhardt, writing in the New York Times, says that Federal Reserve Board Governor, Alan Greenspan, is wrong to be optimistic about the prospects for the US economy.
Fed set for fresh rate cut - but by how much?
US - The US central bank, the Federal Reserve, will announce today, 27 June, whether it has decided to cut interest rates further to boost the flagging American economy.
Regulator unveils Japan bank stock buying fund
JAPAN - Japan's top financial regulator on 26 June unveiled plans for a fund to soak up massive amounts of shares owned by banks to cut their exposure to an uncertain stock market, giving Japan's economic reforms a nudge forward.
World Bank internet success
US - Nearly two thousand people have logged on to the World Bank's online conference on development economics.
Blair meets Prodi to discuss euro
ARTICLE - Tony Blair, the UK Prime Minister, held an hour-long breakfast meeting on 25 June to discuss the single currency with Romano Prodi, president of the European Commission.
ECB reluctant to promote euro's global role
GREECE - European Central Bank executive board member Tommaso Padoa-Schioppa said on 25 June that the ECB is unlikely to actively promote the international role of the single currency.
IMF seeks tougher Russian monetary policy
RUSSIA - The International Monetary Fund has called on Russia at the end of a five-day mission to tighten monetary policy to check inflation and keep closely to spending plans in its current budget.
RBI introduces new scambusting agency
INDIA - The Reserve Bank of India is setting up an agency to specifically investigate scams in thefinancial sector. An RBI-constituted panel, headed by legal advisor to the central bank NL Mitra, at its last meeting held on 23 June in Mumbai gave the…
Capital decision
ARTICLE - The Financial Times, London, on 26 June commented on the postponement by the Basle committee of banking supervisors of the introduction of the new rules on the amount of capital banks must hold.
Euro 2002 Information Campaign
SPEECH - Wim Duisenberg, has delivered a speech at a conference hosted by the Central Bank of Ireland, in Dublin on 20 June at the Bank of Ireland's Arts Centre.
Basel II - Comment and Analysis
A selection of the comment and analysis on the committee's proposals.
Basel II - Feedback to the Committee
The Basel Committee received over 230 comments on its January 2001 draft capital accord. All of these are posted on the Committee's website - we pick out some of hte notable comments.
Basel II - Official texts
The official texts comprising the new Basel Accord including supporting documents and commentaries from the committee