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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 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…

Yugoslav central bank rejects devaluation talk

YUGOSLAVIA - Yugoslav National Bank governor Mladjan Dinkic on Thursday rejected all speculation about the devaluation of the national currency, the dinar, saying that it "will remain stable over the next 10 years until it is replaced by the euro after…

IMF Global Financial Stability Report

REPORT - The International Monetary Fund on 12 September published its Global Financial Stability Report, Market Developments and Issues, September 2002. In the report the IMF said there were "signs of contagion" from Brazil to other emerging market bond…

Speech by A Schilder, Nederlandsche Bank, 27 June

SPEECH - In the speech titled 'Social exclusion and the financial system' Schilder said that a financially stable economy and a solid banking system are key factors to allow better chances for social inclusion of the poor. If there is no such stability,…

Testimony of Fed Chairman Alan Greenspan, 12 Sep

TESTIMONY - In testimony titled 'Current fiscal issues' to the US budget committee on Thursday Greenspan was downbeat suggesting that the most recent forecasts of Fed policymakers, released in July, would be "somewhat lower" if re-estimated today. He…

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