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Speech by Roger Ferguson, Federal Reserve, 3 Oct
SPEECH - In a speech titled 'Business Continuity after September 11' Ferguson looks at business-continuity challenges and discusses a related white paper that US regulators have recently published for public consultation. He also highlights the…
Bank of Canada research on monetary shocks
RESEARCH - This paper studies the persistent effects of monetary shocks on output. The paper constructs and estimates a general-equilibrium model with price rigidities, habit formation, and costly capital adjustment. Econometric results indicate that…
Speech by David Dodge, Bank of Canada, 5 Oct
SPEECH - In a speech on 'Dollarization and North American Integration', Dodge discusses the benefits and costs of a floating exchange rate versus dollarization, given the current conditions, and the implications for the floating exchange rate should the…
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In this weeks special feature CentralBankNet looks at the issue of asset price bubbles. Central bankers have come under some criticism recently for a failure to control such 'irrational exuberance', but hit back that it's not their job…
Speech by Yeo Lian Sim, MAS, 19 Sep
SPEECH - In the speech titled 'Hedge Funds: A Mainstream Alternative' Sim said the MAS will maintain its calibrated approach towards the regulation of hedge funds and hedge fund managers. She said it will also continue to build on the three pillars of…
Speech by Yutaka Yamaguchi, Bank of Japan, 30 Aug
SPEECH - In the speech titled 'Monetary Policy in a Changing Economic Environment' and published on 1 October by the Bank of Japan, Yamaguchi said that the Bank of Japan's experience showed that price stability, by making low interest rate possible, can…
Speech by W. McDonough, New York Fed Bank, 29 Sep
SPEECH - In the speech titled 'Issues in Corporate Governance' McDonough used part of it to return to a topic he discussed recently, executive compensation. He said that in his view, public policy should aim to eliminate distorting incentives and to…
Speech by Gary Stern, Minneapolis Fed Bank, 19 May
SPEECH - In the speech titled 'Reflections on Business, Government and Reputation' Stern said "recent leaders of the Federal Reserve, namely Paul Volcker and Alan Greenspan, are I think widely and deservedly perceived as men of unquestioned integrity and…
Speech by Shane Tregillis, MAS, 4 Sep
SPEECH - In the speech titled 'A Newfound Importance Of Non-Bank FIs in Asia' Tregillis said that to develop the regulation of capital markets in Singapore the first thing needed is to update the content of regulation so that it responds to changes in…
Canberra may halt issue of government bonds
AUSTRALIA - Australia, which has one of the lowest national debts in the world, is considering stopping the issue of government bonds and running down its existing portfolio in what local economists say would be a first for a developed country.
Egypt's Mubarak in charge of central bank
EGYPT - Egyptian President Hosni Mubarak said Thursday that the central bank would come under his office's supervision, in a bid to deal with an estimated $2,6bn bad debt problem affecting local banks.
New Afghan currency to come into circulation 7 Oct
AFGHANISTAN - The head of Da Afghanistan Bank, the central bank, Dr Anwar al-Haq Ahadi, has said the new currency will be put into circulation on 15 Mizan [7 October 2002] and said that the exchange process of the old currency for the new one will be…
BSP urged to monitor forex trading activities
PHILIPPINES - The peso continued to succumb to the dollar-buying pressure yesterday as it closed 3 centavos weaker to a fresh 14-month low of 52.68 to $1, prompting Finance Secretary Jose Isidro Camacho to ask the Bangko Sentral ng Pilipinas, the central…
Mrs Duisenberg may be taken to court - report
NETHERLANDS - Gretta Duisenberg, wife of European Central Bank president Wim Duisenberg, is in trouble again.
Russia's for ex reserves up again in September
RUSSIA - Russia's international reserves grew 1.292bn dollars, or 2.9 per cent in September, to 45.619bn dollars from 44.327bn dollars.
European Parliament Press Release, 3 Oct
PRESS RELEASE - ECB President to meet the Economic and Monetary Affairs Committee, Tuesday 8 October.
EconSouth from the Atlanta Fed Third Quarter 2002
PUBLICATION - The Federal Reserve Bank of Atlanta has published its regular online magazine, EconSouth, for the Third Quarter 2002. The main feature of the latest edition is 'The Impact of Oil Prices On Economic Activity'.
Ukraine sets up for ex and stock market watchdog
UKRAINE - The Ukrainian government has decided to create a special commission to monitor and control the activities of Ukraine's exchanges, the government's press service reported on Wednesday. The press service was referring to a government ruling.
IMF delegation arrives in Tajikistan
TAJIKISTAN - A delegation from the International Monetary Fund led by [the head of the IMF mission in Tajikistan] Mr Robert Christiansen has arrived in Dushanbe today, Thursday.
Interest rates will fall says New Zealand's Cullen
NEW ZEALAND - Interest rates should start to come down following the change to the Reserve Bank's inflation target, New Zealand Finance Minister Michael Cullen told the Financial Times in London Thursday.
Bank of Canada warns on inflation rate
CANADA - The Bank of Canada said yesterday inflation would remain higher than expected until the middle of 2003 but analysts said it was still too close to call whether the bank will raise interest rates at its next policy announcement on 16 October.
Baht slide part of regional trend-Bank of Thailand
THAILAND - The recent depreciation of the baht was in line with other regional currencies, the Bank of Thailand said yesterday.
Afghan trade minister speaks of new currency
AFGHANISTAN - The trade minister of Afghanistan, Sayd Mostafa Kazemi, has said that Afghanistan has a positive view on capital and capital investment. He also said the new currency of Afghanistan will be a credible currency and our central bank has the…