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Chicago Fed Letter, October 2002
PUBLICATION - The October 2002 issue of the Chicago Fed Letter is titled 'Solving the problem of small change' - In the last hundred years, monetary systems have evolved from commodity-based, meaning their value is tied to a commodity like gold, to fiat…
Philadelphia Fed Business Outlook Survey
REPORT - Results from September's Business Outlook Survey show that activity in the region's manufacturing sector has improved modestly, according to firms surveyed for this month's Business Outlook Survey. Most of the survey's broad indicators of…
Speech by Robert E. Rubin, MAS, 25 Jul
SPEECH - In the MAS Lecture Rubin said that the Japanese economy could experience an upturn if global conditions are reasonable but that the "enormously complicated" structural and fiscal problems Japan faces have in large measure not been effectively…
Brown rebuked for slow appointment of BofE's Large
UK - Gordon Brown's failure to appoint a new deputy governor to the Bank of England before the old one left earned a rebuke Monday from a parliament inquiry.
Tankan poll shows economic recovery slowing
JAPAN - Japan's economic recovery slowed over the July-September period, the Tankan quarterly survey on business confidence released Tuesday by the Bank of Japan (BOJ) has shown.
Malta's Monetary Policy Advisory Council set up
MALTA - Following the entry into force on 1 October 2002 of the amendments to the Central Bank of Malta Act, the Monetary Policy Advisory Council has been constituted under the provisions of the same Act. This Council is responsible to advise the…
MAS unveils new rules to stop terrorist financing
SINGAPORE - The Monetary Authority of Singapore (MAS) has unveiled new rules aimed at choking the flow of funds for terrorist groups.
Improved competitiveness needed in Africa- Mboweni
SOUTH AFRICA - Reserve Bank Governor Tito Mboweni says the world economy of the 21st century dictates that improved competitiveness is fundamental to overcoming the socio-economic problems facing Africa.
Israel's for ex reserve drop for 3rd month running
ISRAEL - Israel's foreign currency reserves dropped in September for the third month running, the Bank of Israel said today.
Yugoslav bank chief says citizens want reforms
YUGOSLAVIA - People who brought about changes in Serbia on 5 October 2000 still have a majority in Serbia; generally, this is good news for reforms, Mladjan Dinkic, governor of the National Bank of Yugoslavia (NBJ), stated Tuesday.
India's for ex reserves up $500m
INDIA - The country's forex reserves have surged by $500 million to touch $62.521 billion for the week ended September 20, 2002, as compared to $ 62.021 billion in the previous week, figures released by the Reserve Bank of India show.
HSBC set to go online in China
CHINA - HSBC on Monday became the second foreign bank after Hong Kong's Bank of East Asia to receive a licence to begin online banking in China.
Monetary Authority of Singapore Press Release
PRESS RELEASE - Singapore to host 2006 annual meeting of IMF and World Bank, 29 September.
UK Treasury Report - Andrew Large's Appointment
REPORT - UK Treasury Select Committee report on the appointment of Sir Andrew Large as a Deputy Governor of the Bank of England and Member of the Monetary Policy Committee, released 30 September. The committee concluded, 'We are satisfied that Sir Andrew…
Bank of Israel - Annual Report 2001
ANNUAL REPORT - The Bank of Israel has published its Annual Report for the year ended 2001.
Central Bank of China (Taiwan) - Annual Report 01
ANNUAL REPORT - The Central Bank of China has published its Annual Report for the year ended 2001.
Chicago Fed National Activity Index, August 2002
REPORT - CFNAI indicates economy slowed in August - In August, the Chicago Fed National Activity Index (CFNAI) fell to its lowest level since December 2001, largely as a result of weakness in the production- and employment-related data. The CFNAI fell to…
Philadelphia Fed Business Outlook Survey
REPORT - Results from August's Business Outlook Survey show for the first time this year, manufacturing firms' responses from the Business Outlook Survey indicate a slight decrease in activity. Indicators of general activity, new orders, and shipments…
Speech by Susan Schmidt Bies of the Fed, 28 Sep
SPEECH - In the speech titled 'Bank Performance and Corporate Governance' Bies said that following sound accounting, auditing, and disclosure practices consistently is crucial to maintaining the confidence of capital and financial markets. We should…
Speech by Second Minister for Finance, MAS, 23 Jul
SPEECH - In the speech the Minister for Health and Second Minister for Finance said Singapore has progressively evolved away from the system of a fixed exchange rate since the Singapore dollar was floated in 1973.
Egyptian foreign reserves rise to 14.147bn dollars
EGYPT - The Egyptian economy has rebounded by showing a marked improvement in June 2002 in comparison to the previous month, according to a report released by the Central Bank of Egypt.
Polish central bank confirms 2003 inflation target
POLAND - Criticism of the government's 2003 budget draft has begun to eat into some of its expectations. The Monetary Policy Council (RPP) and central bank are especially dubious with regard to the economic growth rate, set at 3.5 percent by Finance…
Thai cen bank - Banks must improve risk management
THAILAND - The Bank of Thailand has revised its regulations related to the way financial institutions review lending, loan obligations and related reporting.