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Credit-card reform goes to the RBA
AUSTRALIA - On Mar 20, 2001, the Australian competition regulator handed the job of reforming Australia's credit-card system to Australia's central bank.
BoE ready to cut UK rates if necessary-minutes
Britain's central bank is ready to lower borrowing costs if the global economic outlook worsens or British consumer spending starts to ease, minutes of the Bank's last policy meeting showed on Mar 21, 2001.
IMF praises Croatia's economic programme
Croatia's authorities deserve to be praised for their three-year economic programme, the IMF's Stanley Fischer said on Mar 19, 2001 after the IMF approved a 14-month stand-by credit for $255 million for Croatia.
BOJ's Yamaguchi to visit Washington to attend FSF
BOJ deputy governor Yutaka Yamaguchi will visit Washington from Mar 22, 2001 to attend a meeting of the Financial Stability Forum, the central bank said in a statement on Mar 21, 2001.
RBNZ monetary policy review recommendations
Responding to an independent inquiry into monetary policy, New Zealand Treasury Department officials said on Mar 21, 2001 they will issue recommendations by month's end to Finance Minister Michael Cullen.
China c.bank chief urges banks to curb bad loans
China's central bank chief Dai Xianglong urged state-owned banks to reduce bad loans and repeated a ban on loans being funnelled to stock speculation, the official Financial News said on Mar 21, 2001.
Fed disappoints markets with 50 bp rate cut
The US Federal Reserve cut interest rates on Mar 20, 2001 by half a percentage point to 5.0%, continuing its aggressive effort to resuscitate the faltering economy but disappointing investors who had hoped for more.
ECB's Liebscher calls for c.bank supervisory role
SPEECH - ECB council member Klaus Liebscher called for Europe's national central banks to continue to play a key role in banking supervision, saying their close contact with commercial banks helped to prevent crises.
Economic impact of regulatory reform - ECB paper
RESEARCH REPORT - Over the past couple of years, the European Union has embarked on an ambitious regulatory reform programme covering a number of network industries. Experts from the European Central Bank have prepared a report which analyses the…
Financial competition, risk and accountability
BOOK - A new book has just been published by Palgrave "Financial Competition, Risk and Accountability: British and German Experiences" edited by Frowen and McHugh. Recent decades have seen a sharp increase in financial competition and excessive risk…
Turkish cbank to adopt monetary policy committee
SPEECH - In his first speech as governor of the Central Bank of Turkey on Mar 19, 2001, Sureyya Serdengecti discusses the continuing liquidity problems faced the the country's state bank and how this is hampering the implementation of monetary policy. He…
The New Economy: Myths and Realities-Wadhwani
SPEECH - In his Travers Lecture at the London Guildhall University on Mar 20, 2001, Sushil Wadhwani, an external member of the Bank of England monetary policy committee, argues it is possible that measurement issues have led forecasters to overestimate…
S'pore sets new rules for bank private investments
SPEECH - Singapore's central bank said on Mar 21, 2001 it was proposing new rules for bank investments in private equity and venture capital that will allow flexibility while maintaining prudent standards. Ravi Menon, executive director of the Monetary…
Predictable Uncertainty in Econ Forecasting-US Fed
RESEARCH PAPER - Neil R. Ericsson has written an paper titled "Predictable Uncertainty in Economic Forecasting" for the US Federal Reserve's series of International Finance Discussion Papers. This paper provides an introduction to predictable forecast…
New Fed paper probes productivity growth
What's Driving the New Economy? The Benefits of Workplace Innovation (Sandra E. Black and Lisa M. Lynch)
IDB's Inglesias - priorities for Latin America
IDB president, Enrique Iglesias launched the annual meetings of the Inter-American Development Bank in Santiago Chile (March 19)
Chile and NZ advise on Indonesian central bank law
The central bank governors of Chile and New Zealand will arrive on April 4 to join two Indonesian experts in the discussion on how to amend Indonesia's central bank law.
Study effects of gold lending says Italy's Santini
Central banks must study the effects of gold lending in order to see if they can raise returns on their portfolios without dirupting the market said the Banca D'Italia's Santini yesterday.
Belarus cbank cools on unification with Russia
No unification of Russian and Belarusian central banks says Prakapovich.
ECB tight-lipped on banking supervision
A confidential ECB report arguing that eurozone central banks should continue to perform banking supervision has been leaked to German daily paper Boersen Zeitung.
Bank of Finland Board Member under fire
Finnish newspaper reports parliamentarians' unhappiness with Bank of Finland board member, Sinikka Salo.
Indian Reserve Bank demands risk data
The RBI, responding to fears over the effects of market volatility on cooperative banks, has demanded information about their stock market exposures.
BoJ switches to target monetary base
As expected, the Bank of Japan has reinstated its zero interest rate policy, but it has done this by switching its operational target to expand the money supply.