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The role of the Deutsche Bundesbank
RESEARCH - 'The role of the Deutsche Bundesbank in the European System of Central Banks' by Hermann Remsperger, Deutsche Bundesbank, Accepted 1 February 2002.
Don't blame Brazil
ARTICLE - In an article in the Financial Times on Tuesday, George Soros suggests that the market's reaction to the IMF's $30bn rescue package in Brazil shows that a new approach is needed.
Brazil's central bank to aid troubled companies
BRAZIL - Brazil's central bank chief on Monday pledged to lend money to embattled Brazilian companies as concern grew about the success of the International Monetary Fund's $30bn (£19bn) loan package.
MAS Press Release
PRESS RELEASE - MAS Seeks Public Comment on Guidelines for Retail Hedge Funds, 13 August.
Bank of Japan Monthly Report, August 2002
REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, August 2002, on 13 August. In its report the Bank of Japan said the outlook for exports had become more uncertain due to unstable global stock markets…
Economic and Financial Policy Review, Vol 1, No 2
PUBLICATION - 'Banks Venture into New Territory' by Kenneth J. Robinson, Senior Economist and Policy Advisor, Federal Reserve Bank of Dallas, Volume 1, Number 2, 2002.
IMF Working Paper Series
RESEARCH - Internal Models-Based Capital Regulation and Bank Risk-Taking Incentives by Paul H Kupiec, Monetary and Exchange Affairs Department, IMF, July 2002.
Euro banknotes fail test of time
GERMANY - Germans were among the swiftest of Europeans to detect that the euro was dangerous to their wealth. Now it seems the replacement to the mighty mark just does not cut it in the rough and tumble of everyday life.
RBA report says rates may rise again
AUSTRALIA - The Reserve Bank of Australia expressed confidence on Monday that recent market volatility would have only a minor effect on the world economy and signalled it stands ready to raise interest rates again once current uncertainty passes.
Issing sees slow US growth rather than double dip
GERMANY - European Central Bank chief economist Otmar Issing was quoted on Monday as saying a "double dip" in the U.S. economy could not be ruled out but that continued slow growth was more likely.
Thailand's central bank in upbeat mood on economy
THAILAND - The Bank of Thailand is confident that deflation will not be an immediate concern. M.R. Pridiyathorn Devakula, the central bank governor, said the prevailing exchange rate of about 42.5 baht to the US dollar would not trigger inflation either.
No middle ground on operational risk debate
ARTICLE - While regulators insist they are well on their way down the road to new international capital standards, bankers say they are following the wrong map to destinations unknown. From American Banker, 12 August.
Bank of Spain to close 30 branches
SPAIN - On 8 August unions and management of the Bank of Spain agreed to close 30 of the central bank's branches, and not 31 as previously planned.
Kuwait reports use of bank notes decreasing
ARTICLE - Over the past few years the demand for charge cards provided by Kuwaiti banks has increased, and has coincided with an enhancement of knowledge surrounding " plastic money", in an attempt to convert Kuwait into a society that depends largely on…
Japan's central bank ignores IMF plea on deflation
JAPAN - The Bank of Japan ignored a call from the International Monetary Fund to act against deflation plaguing the nation's economy on Friday, keeping its ultra-loose monetary policy unchanged.
Bahrain starts Islamic financial market
BAHRAIN - An international Islamic financial market dealing in products that comply with Sharia law has been set-up in Bahrain, the Gulf's regional financial and banking hub.
Jamaican central banker honoured
JAMAICA - Central bank governor Derick Latibeaudiere has been awarded the Order of Jamaica for his "significant contribution to central banking and finance".
MAS - Annual Report 2001-2002
ANNUAL REPORT - The Monetary Authority of Singapore has published its Annual Report for the year ended 2001-2002.
MAS Press Briefing on Annual Report release
PRESS BRIEFING - Press Briefing for Monetary Authority of Singapore Annual Report 2001-2002. Opening remarks by Mr Koh Yong Guan, Managing Director, MAS, 2 August.
Chicago Fed Letter - September Special Issue 2002
PUBLICATION - The household balance sheet-Too much debt? By Francois Velde, senior economist, September (Special Issue) 2002. Are U.S. households carrying too much debt? Debt levels have grown recently to unprecedented levels. But that is nothing new, as…
Electronic Payment Usage Grows- Chicago Fed Letter
PUBLICATION - The August 2002 issue of Chicago Fed Letter explores the recent growth of online person-to person payments, the problems and opportunities faced by payment providers and future opportunities for these payments.
RBA Statement on Monetary Policy, August 2002
REPORT - Reserve Bank of Australia, Statement on Monetary Policy, August 2002. The statement struck a cautiously optimistic note with the Reserve Bank saying 'the most plausible scenario' was that global markets would stabilise and Australian economic…
Bank of Japan Monetary Policy Meeting
PRESS RELEASE - Monetary Policy Decision from the Bank of Japan, 9 August. The Bank unanimously decided to maintain its current stance but was ready to react with increased liquidity if the stability of financial markets was at risk.
UK money laundering assistance 'slow'
UK - Britain is taking up to two years to respond to requests from overseas law enforcement agencies for assistance in money laundering investigations, according to the City of London's most senior official.