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Korea foreign currency transactions surged in 2000
Foreign exchange transactions by domestic financial institutions, including spot and futures markets, increased sharply in 2000 to $8.9 billion a day, up from $6.9 billion in 1999, the Bank of Korea said on Mar 11, 2001.
New and improved BIS website is launched
The Bank for International Settlements (BIS) announced on Mar 12, 2001 that its redesigned and improved website is now available at www.bis.org.
Reynders says he not pushing for a 'Mr Euro'
Belgian Finance Minister Didier Reynders said on Mar 12, 2001 he was not pushing to create a "Mr or Mrs Euro" to speak for the common currency and that controversal reform of the Eurogroup had been put on hold.
BoF forecast Finnish inflation above euro-zone avg
Finnish inflation would stay above euro-zone levels and buoyant domestic demand could feed price pressures though the overall inflation outlook had improved, the central bank said on Mar 12, 2001.
China probes bank loans in stock markets - paper
China's central bank has launched a probe into domestic banks which might have lent money for stock speculation, state media said on Mar 12, 2001.
BoF Fogelholm to head Finnish Bankers' Association
The Finnish Bankers' Association said on Mar 12, 2001 that Markus Fogelholm would replace retiring chief executive Matti Sipila in Sept 2001.
Indonesian rupiah breaches 11,000 as worries grow
The Indonesian rupiah slid past 11,000 per dollar on Mar 12, 2001, extending early losses after the central bank said it had limited ability to defend the currency.
Financial supervisory body under Bank of Estonia
After a hard fought battle, the Estonian parliament has decided by a majority of votes to place the integrated financial supervisory body under the Bank of Estonia.
BIS sets up Asia-Pacific consultative council
The Bank for International Settlements (BIS) said on Mar 12, 2001 it had set up an Asian Consultative Council comprising governors of its central bank members in the region.
Recent US data 'quite encouraging' - BoE George
Central bankers from the Group of l0 industrialized nations believe a pick-up in the U.S. economy during the second half of this year "remains the most likely outcome," Eddie George, current chairman and head of the Bank of England, said on Mar 12, 2001.
Standards and Codes-A tool for growth- IMF Koehler
SPEECH - Horst Kohler, managing director of the IMF, gave a interesting speech titled "Standards and Codes - A Tool for Growth and Financial Stability" on Mar 7, 2001, at a joint IMF/World Bank Conference on International Standards and Codes. He outines…
Financial Innovation and Monetary Transmission
SEMINAR - The Federal Reserve Bank of New York is hosting a conference titled "Financial Innovation and Monetary Transmission" from Apr 5-6, 2001. This seminar will offer insight into how the enormous changes that are going on in the financial sector…
Recent Developments in Financial Markets-Clementi
SPEECH - In a speech titled "Recent Developments in Financial Markets: Some Implications for Financial Stability" delivered at the Banca D'Italia on Mar 9, 2001, David Clementi, deputy governor of the Bank of England, discusses some recent developments…
Euro & Talous - Bank of Finland quarterly
RESEARCH PAPER - It would be wrong to think that the positive developments in central government finances in Finland in 2000 have opened the way for a permanent increase in government spending, since the growth of tax revenue is likely to slow…
Argentine peso peg to include euro,yen-Cavallo
Former Argentine Economy Minister Domingo Cavallo, who reportedly has been offered the job of central bank chief, said in a press interview he favored alterations to foreign exchange policy.
Philippines to improve transparency of cbank
The Philippine government will take measures to further improve transparency and accountability of monetary authorities, according to a news release from the presidential palace on Mar 10, 2001.
New Somali central bank governor sworn in
Mahmud Muhammad Ulusow has been sworn in as the new head of the Central Bank of Somalia.
India's Jalan says bias to cut rates remains
The governor of India's central bank, which cut interest rates twice in recent weeks, said he continues to have a bias toward easing rates.
Finnish cbank transfers 129m euros to govt
The Bank of Finland has transferred 42% of its 309m euros profit to the government, the first time the bank has had to pay money to the state since 1984.
Currency crises and foreign reserves-IMF paper
RESEARCH PAPER - In a new IMF working paper, economist Piti Disyatat asks how far a government will run down its currency reserves in defence of a fixed exchange rate. He also uses an optimizing model of currency crisis to determine whether or not a…
Vietnam cbank launches electronic payment system
The State Bank of Vietnam (SBV) has completed the technical side of its US$13.2 million inter-bank payment project funded by the World Bank-funded, SBV Governor Le Duc Thuy announced.
Fed's Ferguson-monetary policy unhurt by mergers
A global wave of financial mergers and acquisitions in the 1990s, totaling 7,500 deals valued at about $1.6 trillion, has not affected central banks' ability to set interest rates, Federal Reserve Vice Chairman Roger Ferguson said Mar 9, 2001.
Asian currency swap idea 'acceptable'-Manila c.bnk
The Philippines is basically happy with the concept of an Asian web of currency swaps aimed at fending off future financial crises and is forging ahead with discussions on terms, deputy central bank governor Amando Tetangco said on Mar 9, 2001.
Norway government petroleum fund 2000 return 2.5%
Norway's government petroleum fund had a return on capital last year of 2.5%, when measured in terms of a currency basket that corresponds with the Fund's benchmark portfolio, the Norwegian central bank reported on Mar 9.