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Speech by Jack Guynn President Atlanta Fed, 2 Oct
SPEECH - Guynn said in a speech to Columbus Rotary Club titled 'The U.S. Economy: Getting Back on Track' that he'd characterise the U.S. economy as plodding along but moving in the right direction - forward. The economy has basically emerged from…
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…
Federal Reserve Bulletin - October 2002
REPORT - Article by Brian M. Doyle and Jon Faust titled 'An Investigation of Co-movements among the Growth Rates of the G-7 Countries'.
The Regional Economist, October 2002
PUBLICATION - The Quarterly Review of Business and Economic Conditions, The Regional Economist, edition from the St Louis Fed contains an article 'Story Time at the FOMC'. Formal data don't tell policy-makers everything they need to know about the…
New appointments at the Riksbank
PRESS RELEASE - At its meeting on 3 October, the Executive Board of the Riksbank decided to appoint the Head of the Monetary Policy Department Claes Berg advisor to the future Governor Lars Heikensten with effect from 1 January 2003.
Bank of Japan Discussion Paper
RESEARCH - 'Monetary and Fiscal Policy in the European Monetary Union' by Juergen von Hagen and Matthias Brueckner - The introductory phase of the European Monetary Union ended with the emission of euro currency in 2002. This paper presents a review of…
Bank of England News Release
NEWS RELEASE - Bank of England Meetings in Manchester and Liverpool, 7 October.
Chicago Fed Letter, November 2002
PUBLICATION - The November 2002 issue of the Chicago Fed Letter is titled 'A regional perspective on the U.S. business cycle'. It is not difficult to come up with a definition of the business cycle that most of us would understand. A thornier issue is…
Central Bank of Russia offers more zodiac coins
RUSSIA - The Central Bank of Russia will issue more coins of the Zodiac series, starting tomorrow. It will be Scorpio now-silver two-rouble pieces and gold 25 roubles. Up to 20,000 silver coins will appear in circulation, and up to 50,000 gold, said the…
Brazil central bank moves to prop up currency
BRAZIL - Brazil's Central Bank on Monday made it more expensive for banks to hold foreign currency and gold assets in hopes of propping up its own local currency, the real.
Afghan bank governor wants aid to be productive
INTERVIEW - Afghanistan's U.S.-educated central bank head says he wants to see the war-ravaged country standing on its own feet economically within four to five years. In an interview given to Reuters at the weekend he also revealed he has two full time…
Chinese central bankers in visit to Taiwan
TAIWAN - A China central bank delegation heading to Taiwan may include the highest-level official yet to visit the island as Taiwan banks prepare to open their first offices across the strait, the Taipei Times said.
Economy improving, O'Neill tells bankers
US - The U.S. economy is likely grew at least 3 percent during the third quarter and will show slightly more robust performance in the current quarter and beyond, Treasury Secretary Paul O'Neill predicted in Phoenix on Monday.
US banks 'quite healthy' - Fed's Greenspan
US - Consumers and home owners helped the US banking system absorb bad business loans and remain 'quite healthy,' Federal Reserve chairman Alan Greenspan said.
BOK likely to raise call rate: Deutsche Bank
KOREA - Deutsche Bank yesterday forecast the Korean central bank will increase the overnight call rate by 25 basis points to 4.50 percent at its Monetary Policy Committee meeting slated for tomorrow.
Duisenberg urges reforms
EUROPE - Wim Duisenberg, head of the European Central Bank, on Tuesday said a lack of confidence in markets and uncertainty are the bigger problems for the European economy rather than the ECB's oft-criticized hold on interest rates.
SARB-South Africa's inflation outlook has improved
SOUTH AFRICA - Central bank governor Tito Mboweni sent a strong signal on Tuesday that interest rates may not rise again in November, saying the country's inflation outlook had improved "significantly".
Gulf bank governors meet today in al-Riyadh
SAUDI ARABIA - The governors of monetary establishments and central bank in the Gulf Cooperation Council (GCC) states today discuss in Riyadh necessary criterion to provide a success for the monetary federation among their respective states.
BOJ's Hayami- Utmost being done on monetary policy
JAPAN - Governor of the Bank of Japan Masaru Hayami said on Monday that the central bank is doing its utmost to ease credit conditions.
Nikkei plunges on Takenaka's remarks
JAPAN - Stocks hit their lowest level since 1983 after Japan's finance minister said no bank is too big to fail. Investors, fearing a wave of corporate bankruptcies under the government's bad-loan solution, drove Tokyo share prices to another 19-year low…
Testimony of Wim Duisenberg, ECB President, 8 Oct
SPEECH - In testimony before the EU Parliament Duisenberg stressed that structural reforms are required so that the full benefits of the introduction of the euro can be reaped. Given the environment of subdued economic growth, Duisenberg was of the…
Speech by M Moskow, President, Chicago Fed, 3 Oct
SPEECH - Moskow said in a speech on 'The Economy and Expanded Trade' that the last 20 years has brought deregulated financial markets, developed more flexible labor markets and made major advances in technology for the U.S. economy. Moskow concluded that…
Speech by Fed Chairman Alan Greenspan, 7 Oct
SPEECH - In a speech on 'The continued strength of the U.S. banking system' Greenspan explores the apparent incongruity between this and the recent substantial losses on corporate credits. He sums up on a cautious but positive note: 'Success, indeed…
Russian Central Bank boosts assets 19%
RUSSIA - The Central Bank of Russia increased its assets from 1.72 trillion rubles to 2.04 trillion rubles, or 19.2%, in the first eight months of 2002, the Central Bank reported. Assets slipped 2% in August.