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Speech by Roger Ferguson, Federal Reserve, 9 Oct

SPEECH - Ferguson gave a speech 'Central Banks and Markets' on receiving the 2002 Distinguished Public Service Award from the Bond Market Association. In the speech he discussed the hot topic of whether central banks have a role in the control of asset…

Credit cards post huge growth in Thailand

THAILAND - The credit-card market is expected to grow by at least 40% next year, following estimated expansion of about 45% this year, Wanvimol Kanoktanaporn, a senior vice-president at the Bank of Asia, said yesterday.

Yugoslavia sees monetary stability behind reform

YUGOSLAVIA - Addressing Nis University School of Economy students late on Tuesday, National Bank of Yugoslavia (NBY) Governor Mladjan Dinkic presented the results of his two-year work, stressing that the achieved monetary stability was one of the most…

Bank of Spain makes pessimistic on economy

SPAIN - Jaime Caruana, governor of the Bank of Spain, yesterday announced the bank's economic predictions. The central bank is expecting growth this year of no more than 2 per cent, two tenths of a percentage point lower than the government's prediction.

Brazil c bank imposes stricter equity requirements

BRAZIL - Brazil's central bank has raised the equity requirement for banks holding US dollars, in a bid to halt the local currency's slide against the dollar, Brazilian central bank regulations director Sergio Darcy was quoted as saying by local press.

Balkans pact on division of gold

YUGOSLAVIA - Yugoslavia and four former Yugoslav republics have agreed to divide $87m (£55m) worth of gold left over from the Yugoslav federation, a Bosnian government spokesman said yesterday.

SARB Monetary Policy Review - October 2002

REPORT - The South African Reserve Bank has published its October Monetary Policy Review. The report reflects on increased inflationary pressures in the South African economy following the depreceiation of the rand in the latter half of 2001.

Heikensten: Financial risks slow down recovery

PRESS RELEASE - First Deputy Governor Lars Heikensten of the Sveriges Riksbank today, 9 October, gave a speech under the heading "Some monetary policy issues" at the Center for Business and Policy Studies' (SNS) annual conference on the economic…

European Central Bank Public Consultation

CONSULTATION - Measures to improve the efficiency of the operational framework for monetary policy, 7 October. The proposed changes are of a technical nature with euro area credit institutions and banking and financial market associations addressed under…

Speech by Susan Schmidt Bies of the Fed, 8 Oct

SPEECH - In the speech titled 'Corporate Governance and Risk Management' Bies said firms of all sizes should continue to pursue strategies to manage risk. Following sound risk management, governance, and disclosure practices consistently is also crucial…

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