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Developing nation bankruptcy treaty may emerge
ARTICLE - With financial instability rippling through Latin America, momentum appears to be building for an international plan to make it easier for developing nations to declare bankruptcy and renegotiate their foreign debts, reports the Wall Street…
Russians opt for euro over dollar
RUSSIA - Russians are buying more euros than dollars for the first time since the new European currency became available, according to the central bank.
MAS issues guidelines on internet banking
SINGAPORE - The Monetary Authority of Singapore has called on banks to address the rising danger of new threats to Internet banking, including attacks by hackers.
South African inflation hits record high
SOUTH AFRICA - South Africa's targeted CPIX inflation measure vaulted to a record high in August, official data showed on Tuesday, supporting the Reserve Bank's decision last week to raise interest rates for the fourth time this year.
Russia's central bank to decide on Russia-Belarus
RUSSIA - The Central Bank of Russia is to shape the inflation and currency rates in the Russia-Belarus Union, said Russian Vice-Premier and Finance Minister Alexei Kudrin at a Tuesday session in Moscow of the Council of Ministers of the Russia-Belarus…
IMF Press Release
PRESS RELEASE - IMF Managing Director Horst Kohler, Remarks on China Visit, 13 September.
Speech by Robert Parry, San Francisco Fed, 12 Sep
SPEECH - In the speech titled 'The Economic Outlook for the Nation and the Region: A Monetary Policymakers View' Parry said "my basic view is that we're now in the midst of a modest expansion". While the recession hasn't been officially declared over yet…
Reserve Bank of New Zealand Press Release
PRESS RELEASE - New Policy Targets Agreement, Joint Press Statement by Finance Minister Michael Cullen and incoming Reserve Bank Governor Alan Bollard, 17 September 2002.
Speech by Governor, State Bank of Pakistan, 15 Aug
SPEECH - In the speech titled 'Marketing Pakistan's Image' Husain said "in the end, I would just like to underscore a basic point: the development of a brand called Pakistan and the subsequent marketing of a positive image for Pakistan requires a…
Speech by Jurgen Stark of the Bundesbank, 6 Sep
SPEECH - In the speech titled 'Cyclical and architectural issues of the international economy' Stark said even though recent news about the world economy has not been exactly cheerful, judging by the data now available, the world economy remains on the…
RBNZ Request for Information
REQUEST - Supply of Electronic Records and Document Management Solution, 16 September.
BIS head Crockett warns UK on euro rate
UK - Andrew Crockett, a strong candidate to become the next governor of the Bank of England, has cautioned that competitiveness could be hit if the UK joins the euro at too high an exchange rate.
Samoan banknotes wilt under tropical conditions
SAMOA - Samoa's central bank is offering wallets for sale at the equivalent of around 25 US cents in its latest attempt to slow down the disintegration of banknotes.
Court rejects Argentine bank deposit moves
ARGENTINA - Argentina's Appeals Court handed the government another setback Friday, declaring a January decision to convert bank deposits from dollars to pesos unconstitutional, it is reported.
CBN identifies constraints to e-banking
NIGERIA - In spite of the various benefits banks derive from e-banking, there are still some constraints to its adoption and efficient operation in Nigeria.
US Treasury's O'Neill: US economy on recovery road
US - U.S. Treasury Secretary Paul O'Neill said on Monday the economy is on a recovery path, albeit a rocky one, and the United States can bear the financial cost of whatever action it chooses to take against Iraq.
Czech Nat Bank introduce forecasting model change
ARTICLE - The Czech National Bank has made a change in its forecasting and decision making procedures. They recently completed work on a forecasting model that incorporates reactions of the central bank endogenously in the form of a reaction function.
Speech by Governor, State Bank of Pakistan, 31 Aug
SPEECH - In the speech titled 'Banking Sector Reforms - Current Status And Future Prospects' Husain said the country's payment system infrastructure is being strengthened to provide convenience in transfer of payments to the customers. The Real-Time…
Speech by Ernst Welteke of the Bundesbank, 6 Sep
SPEECH - In the speech titled 'The International Financial Architecture' Welteke said any future form of cooperation in the field of financial sector supervision should make use of central banks' know-how in banking supervision and financial markets. All…
Speech by A Fazio, Governor Bank of Italy, 15 July
SPEECH - In the speech titled 'Fact-finding preliminary to the examination of the Economic and Financial Planning Document for the years 2003-2006' Fazio said in the 1990s Italy's economy grew more slowly than those of the other European countries…
Speech by A Fazio, Governor Bank of Italy, 26 June
SPEECH - In the speech titled 'Public debt, saving and social security' Fazio said credit, money and securities markets able to supply a broad range of services and finance are indispensable for firms' growth; they allow households to diversify their…
Speech by A Fazio, Governor Bank of Italy, 15 June
SPEECH - In the speech titled 'The North-East and Italy's firms - Development and the values of civil society' Fazio said with economic success, the typical problems of a mature economy have now surfaced. Difficulties derive from the limits of the local…
IMF sees signs of Brazil contagion on bond market
US - The signs of bond market contagion from political uncertainty in Brazil developed in emerging bond markets in the second quarter of the year, according to an International Monetary Fund report published Thursday.
South Africa raises interest rate
SOUTH AFRICA - The South African Reserve Bank on Thursday made a one percentage point increase in the country's prime interest rates in an effort to force inflation below 6 per cent.