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RBI group okays e-money
INDIA - The RBI Working Group on electronic money has said that e-money could be used as a substitute for the central bank notes and coins even though it would not be "desirable" to place any limit on storing monetary value in e-money.
BOJ to up security with new bank note issue
JAPAN - Novelist Ichiyo Higuchi (1872-1896), whose portrait is to be featured on a redesigned 5,000 yen bill, will be the first woman to appear prominently on Japanese paper currency since the end of World War II.
Banks urged to expand risk management techniques
US - A top Treasury Department official said this week that regulators need to push banks to back up advanced risk management techniques with old-fashioned, case-by-case credit analysis.
Kuwait gov't reviews action on money-laundering
KUWAIT - The Deputy Prime Minister, Minister of State for Cabinet and National Assembly Affairs, Mohammed Deifallah Sharar said, in a Cabinet statement, that the council followed up on steps aimed at combating money-laundering and examined a report,…
Brazil's interbank clearinghouse to bring benefits
BRAZIL - Brazil's new interbank payment clearinghouse is expected to stimulate online transactions between banks once it becomes operational, Brazilian financial daily Valor Economico reported.
IMF Survey, 5 August
REPORT - IMF Survey, Topical coverage of the IMF's activities, policies, and research, 5 August. Includes Jack Boorman on the Argentina crisis and lessons to be learned from it.
Economic Review from the Kansas City Fed Bank
PUBLICATION - Consumer Confidence After September 11 and The New Power of Regions: A Policy Focus for Rural America-A Conference Summary, Second Quarter 2002.
Speech by Robert Parry, San Francisco Fed, 2 Aug
SPEECH - In a speech 'After the Recession: A Monetary Policymaker Looks Ahead' Parry said the decline in the U.S. dollar this year -- around 10 percent against the euro and the yen -- could help to boost growth by raising demand for U.S. goods. He also…
BIS Working Paper
RESEARCH - 'The link between default and recovery rates: effects on the procyclicality of regulatory capital ratios' by Edward I Altman, Andrea Resti and Andrea Sironi, July 2002.
BIS Working Paper
RESEARCH - 'Asset prices, financial and monetary stability: exploring the nexus' by Claudio Borio and Philip Lowe, July 2002.
Speech by Masaru Hayami, Bank of Japan, 19 July
SPEECH - In the speech, published 5 August, at the presentation of the Bank's Semi-annual Report on Currency and Monetary Control Hayami said Japan's economy is about to undergo its third cyclical recovery since 1990. He also talked of the Bank's hopes…
Dollarization in Canada: The Buck Stops There
RESEARCH - In a Technical Report from the Bank of Canada published August 2002, John Murray and James Powell consider the debate in Canada concerning the potential benefits of formally adopting the U.S. dollar as the national currency.
Uruguay set to receive IMF money to avert crisis
URUGUAY - Uruguay was yesterday set to receive $1.5bn (£950m) from the International Monetary Fund and impose limited restrictions on bank withdrawals in an effort to avert a collapse of its once-vaunted financial system.
Worrying poll finds Britons confused by euro idea
UK - Almost a third of Britons believe the country could keep the pound after it had joined the euro, according to internal polling conducted for the No campaign.
Fed's Parry still sees modest U.S. expansion
US - A top Federal Reserve policy-maker said on Friday he still thinks the United States is in a modest economic expansion, despite weaker-than-expected growth figures for the June quarter.
New GDP formula to be used by Bank of Korea
SOUTH KOREA - The Bank of Korea will announce a gross domestic product (GDP), or a gross added value of the economy, under a new formula, starting from the third quarter of 2004.
Philippines central bank reorganises departments
PHILIPPINES - The policy-making monetary board has reorganised the Bangko Sentral ng Pilipinas' (Central Bank of the Philippines, or BSP) Supervision And Examination Sector (SES) for a more coordinated management of the banking industry.
BOJ Gov Hayami to visit Osaka, Nagoya 5-6 Sept
JAPAN - Bank of Japan (BOJ) Governor Masaru Hayami will make an annual visit to the cities of Osaka and Nagoya on 5-6 September, the central bank said on Monday.
US names IMF representative
US - The White House Friday said it had appointed Nancy Jacklin, a lawyer at Clifford, Chance, Rogers and Wells, with expertise in international finance and regulation, to be the US representative at the International Monetary Fund.
Korea's for ex reserves jump to $115.49 bn
SOUTH KOREA - The nation's foreign exchange reserves hit a fresh high of $115.49 billion at the end of July, up $3.05 billion from the end of June, the Bank of Korea (BOK) reported Monday.
PM says Thai central bank governor's job is safe
THAILAND - Prime Minister Thaksin Shinawatra yesterday denied rumours he planned to sack central bank governor M.R. Pridiyathorn Devakula over recent volatility of the baht.
Central bank to analyse inflation fall in Thailand
THAILAND - The Bank of Thailand will look at why inflation has declined in recent months, according to Bandid Nijathaworn, an assistant governor.
Federal Reserve Board Press Release
PRESS RELEASE - Donald L. Kohn and Ben S. Bernanke sworn in as Board members, 5 August.
IMF News Brief
NEWS BRIEF - Joint Statement by IMF, World Bank and Inter-American Development Bank on Uruguay, 4 August.