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IMF News Brief
NEWS BRIEF - IMF Managing Director Kohler Prepared to Recommend US$500 Million Increase in Stand-By Credit to Uruguay, 4 August.
IMF Press Briefing by Thomas Dawson
PRESS BRIEFING - Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, 1 August, Washington, D.C.
EconSouth from the Atlanta Fed Second Quarter 2002
PUBLICATION - The Federal Reserve Bank of Atlanta has published its regular online magazine, EconSouth, for the Second Quarter 2002. The main feature of the latest edition asks the questions, Is the U.S. economic slowdown over? and If so, what path will…
Federal Reserve Bank of Chicago Press Release
PRESS RELEASE - James Nelson to head Bank Supervision at the Chicago Fed, 29 July.
Double-dip recession unlikely - Fed's Poole
US - St. Louis Federal Reserve Bank President William Poole said on Sunday the odds the U.S. economy might fall back into recession given the stock market's recent woes were "very, very small."
Speech by William Poole, St Louis Fed Bank, 4 Aug
SPEECH - In the speech 'Financial Stability' Poole said the United States could benefit from the accounting and corporate governance scandals that have beat markets down to multi-year lows as reforms are put in place. "We will come out the other side of…
Cen Bank of Solomon Islands - Annual Report 2001
ANNUAL REPORT - The Central Bank of Solomon Islands has published its Annual Report for the year ended 2001.
Central Bank of Luxembourg - Annual Report 2001
ANNUAL REPORT - The Central Bank of Luxembourg has published its Annual Report for the year ended 2001.
Gold rises as dollar slips back
UK - Gold shone on Friday morning in Europe as the dollar slipped against other currencies and producer selling seen earlier this week eased off, leaving prices with a chance to head up, traders said.
Papua New Guinea's central bank wants spending cut
PAPUA NEW GUINEA - The Bank of Papua New Guinea yesterday warned that the incoming government could face a financial crisis similar to those in 1994 and 1999 following a 210.5m kina hole in the budget deficit in the first half of this year.
Argentine central banker admits contagion effect
ARGENTINA - Aldo Pignanelli, the president of the Argentine Central Bank (BCRA), said Friday that the Argentine crisis, which has been dubbed the "tango effect", has spread to Brazil and Uruguay, adding that the local banking and foreign exchange system…
Negative sentiment leads to slide in Thai baht
THAILAND - The conflict between the prime minister and the central bank governor on how to manage the baht under the managed float system has resulted in confusion among dealers in the foreign exchange market.
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 yesterday.
RBNZ say new inflation accord must keep continuity
NEW ZEALAND - Any changes to the Reserve Bank of New Zealand's inflation-fighting agreement should consider the benefits of continuity of monetary policy, the central bank said Friday.
Brazil's real up on biggest single day gain ever
BRAZIL - Brazil's real broke a nine-session losing streak Thursday posting its biggest single day gain ever on hopes that help from the International Monetary Fund is on its way.
Bush, Greenspan review economy over lunch
US - President Bush on Thursday hosted Federal Reserve Chairman Alan Greenspan for lunch to review the U.S. economic outlook following a second-quarter growth slowdown.
'No conclusive reason for rand's slide'
SOUTH AFRICA - None of the members of the Myburgh Commission of inquiry into the depreciation of the rand could offer conclusive reasons for the slide, said Justice Minister Penuell Maduna.
Another Milton Milestone
ARTICLE - Another article paid tribute to Milton Friedman on his birthday (90) Wednesday. 'The most influential economist of the second half of the 20th century,' as the NationalReviewOnline called him. The article reveals that Friedman showed that…
ECB report euro notes proving tough to counterfeit
GERMANY - The new euro bank note has proved bad news for forgers: less than a tenth of the previous number of counterfeit notes in the eurozone has been detected in the first six months in which the new currency has circulated.
Briefing on the Reserve Bank of New Zealand
BRIEFING - This paper has been prepared to brief the incoming Government on the role and functions of the Reserve Bank of New Zealand. The paper is also intended to be a useful briefing to other interested parties, including Members of Parliament and the…
The Regional Economist, July 2002
PUBLICATION - The Quarterly Review of Business and Economic Conditions, The Regional Economist, from the St Louis Fed contains an article 'Beyond Risk Lies Uncertainty' in which it is claimed stock market investors will find out why it's so important to…
Introduction of New Series Bank of Japan Notes
NOTE ISSUE - The Ministry of Finance has decided and announced the manufacture of new series of the 10,000 yen, 5,000 yen, and 1,000 yen Bank of Japan notes in order to improve their security against counterfeiting.
IMF Diversity Annual Report 2001
ANNUAL REPORT - The International Monetary Fund has published its Diversity Annual Report 2001. In 2001, diversity operations focused on integrating diversity into human resource management across the Fund. Important initiatives are underway to improve…
The Region from the Minneapolis Fed, June 2002
PUBLICATION - The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2002. In the issue Gary Becker, Nobel prize-winning economist, discusses his views on moral hazard in banking, his work on the economics of…