Central Banking staff
Follow Central Banking
Articles by Central Banking staff
BIS - Annual Report April 2001 - March 2002
ANNUAL REPORT - The Bank for International Settlements has published its Annual Report for the year ended April 2001 - March 2002.
Speech by Guillermo Ortiz, Bank of Mexico, 7 July
SPEECH - In a speech titled 'Recent Emerging Market Crises - What have we learned?' Ortiz said that the financial crises affecting emerging market economies since December 1994 shared many features that distinguish them from those that struck emerging…
Speech by A Crockett, General Manager, BIS, 8 July
SPEECH - In a speech titled 'Activities of the Bank: the year in review' at the BIS Annual General Meeting Crockett said that as an intermediator of central bank funds, the guiding principles of the Bank in serving its customers have always been…
BIS Press Release
PRESS RELEASE - BIS holds Annual General Meeting and releases its 72nd Annual Report, 8 July.
Speech by H Kohler, Managing Director, IMF, 1 July
SPEECH - Kohler said in a speech titled 'The Role of the IMF in the Global Economy' that the Enron and WorldCom scandals showed the international community had to worry as much about economic risks in wealthy nations as in poor countries.
Speech by Horst Kohler, MD of IMF, 21 June
SPEECH - Horst Kohler discusses 'The Role of the IMF in Safeguarding the Stability of the International Financial System' and sets out what he understands as the IMF's primary functions and goals, and how it should go about achieving them.
Change at Japanese regulator welcomed by reformers
JAPAN - The Japanese government on Thursday named Shokichi Takagi as head of the Financial Services Agency - a surprise move that raised hopes of a more radical approach by the supervisory body to the bad debt problem plaguing Japanese banks.
Kohler urges caution amid market volatility
ARTICLE - Horst Kohler gave an interview to the London Financial Times on Thursday in which he said that the biggest risk in today's uncertain financial markets is to "give the wrong signals and exaggerate problems so that they become a self- fulfilling…
Euro 'would boost UK by ending volatility'
UK - Entry into the euro would boost investment in Britain by ending exchange rate volatility in Britain's dominant export market, according to a paper published by the National Institute of Economic and Social Research on Thursday.
The costs of sterling
ARTICLE - History shows that Britain's separate currency has damaged the structure, balance and size of its economy writes David Cobham in Friday's Financial Times.
Letter from Joseph E Stiglitz to the FT
LETTER - In a letter to the Financial Times published on Friday Professor Joseph E. Stiglitz continues the slanging match with the IMF's Ken Rogoff.
Speech by Fed Reserve Governor Ed Gramlich, 5 July
SPEECH - In a speech to the International Research Forum on Monetary Policy Gramlich said that central banks could use more research to help address certain policy questions, including those related to specific currency regimes and the short-run impact…
Israel's c bank chief criticizes inadequate budget
ISRAEL - Governor of the Bank of Israel David Klein says financial stability is not yet assured. Speaking before the Israel Democracy Institute's annual Caesarea conference, being held this year in Jerusalem, he said the task of restoring economic…
Real rises after central bank resumes intervention
BRAZIL - The real rose after the Brazilian central bank said it is resuming its former policy of daily interventions in the foreign exchange market, dealers said.
BI to make amendments to the constitution
ARTICLE - To meet the demands of reform, the People's Consultative Assembly (MPR) have amended the 1945 Constitution. Subsequent to the first, second and third phase of amendments, a number of articles are going through amendments in the current fourth…
Swedish Riksbank leaves repo rate at 4.25 pct
SWEDEN - The Riksbank said it has decided to leave the repo rate unchanged at 4.25 pct.
Bulgarian parliament adopts BNB report for 2001
BULGARIA - The 2001 annual report of the National Bank of Bulgaria, the central bank, was approved in parliament on 4 July. The vote was 127-5, with 13 abstentions.
Spain's central bank to close retail offices
SPAIN - Banco de Espana, Spain's central bank, intends to close down several of its 52 regional offices across Spain in order to reduce costs. At present, the authority operates one branch in every provincial capital of the country. Management intends to…
Iran plans its first bond issue since 1979
IRAN - Iran hopes to next week issue its first international bond since the 1979 Islamic revolution, according to Mohsen Noorbakhsh, the governor of Iran's central bank.
Press Release from Sweden's central bank
PRESS RELEASE - Repo rate left unchanged at 4.25 per cent, 5 July.
Press Release from Sweden's central bank
PRESS RELEASE - New head for the Secretariat of the Executive Board at the Riksbank, 4 July.
ECB Press Conference
PRESS CONFERENCE - Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, Dr. Lucas Papademos, Vice-President of the ECB and Yves Mersch, Governor of the Banque centrale du Luxembourg, 4 July.
National Institute Economic Review, April 2002
RESEARCH - Research articles from the National Institute of Economic and Social Research.