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Austria's Financial Stability Review
REPORT - The latest edition of the Oesterreichische Nationalbank's financial stability review is now out.
Does a floating currency buy flexibility?
RESEARCH - ECB WORKING PAPER by Marcel Fratzscher, June 2002"The Euro bloc, the Dollar bloc and the Yen bloc: how much monetary policy independence can exchange rate flexibility buy in an interdependent world?"(ECB Working Paper No. 154), (pdf 416 kB).
Speech by Susan Schmidt Bies of the Fed, 20 Jun
SPEECH - Speech by Fed governor, Susan Bies to the World Bank's 2002 finance forum meeting in Chantilly, Virginia. Bies examines whether developing countries can learn from the US experience in banking regulation.
SA Reserve Bank to learn about inflation targeting
SOUTH AFRICA - Experts from the South African Reserve Bank (SARB) are to learn more about inflation targeting from their Canadian counterparts, in terms of an agreement signed in Pretoria on Wednesday.
Issing - Stability pact talk extremely detrimental
GERMANY - The debate on modifying the EU's stability pact is "extremely detrimental," said European Central Bank chief economist Otmar Issing in an interview with German weekly magazine WirtschaftsWoche.
Effort made to bring Poland closer to eurozone
POLAND - The Finance Ministry and the Central Bank (NBP) have set up a joint group on the strategy of bringing the Polish economy closer to the Eurozone, which will discuss issues related to the zloty exchange rate strategy in the period of entering the…
Vision not aggression says Polish c bank chief
POLAND - "There is no conflict between the Polish central bank and the government when it comes to real economic issues. What we see is the government's aggression against an independent state institution, something unheard of in the civilized world. In…
ECB Press Release
PRESS RELEASE - Schedules for the meetings of the Governing Council and the General Council of the ECB and the related press conferences in 2003, 20 June.
Super regulator
FEATURE - The idea of a super regulator for SA's banks, insurers, asset managers and financial markets has been around for three years. Finance Minister Trevor Manuel told Parliament more than a year ago that he planned to create one, but his comments…
Brazil maintains steady interest rates
BRAZIL - Brazil's central bank yesterday maintained its prime interest rate at 18.5 per cent for the third consecutive month after recent market turmoil began fuelling inflation fears.
US Fed scare proves to be a false alarm
US - Staff at the Washington headquarters of the US Federal Reserve have been allowed back into their offices after an earlier bomb scare proved to be a false alarm.
Figures show Argentina's economy shrinking
ARGENTINA - Argentina's economy shrank 16% during the first three months of this year the government has revealed, plunging the country ever deeper into a recession that has now lasted for three-and-a-half years.
Australia calls for regulation overhaul
AUSTRALIA - Australia on Wednesday called for increased co-operation among national securities regulators after revealing that local investors had been cheated of at least A$400m in just three years by illegal offshore telemarketing scams.
Euro goes to court over trade mark dispute
EUROPE - The European Commission will be forced to defend the design of the euro symbol in court today less than six months after the introduction of the single currency. The emblem has become the subject of a trademark battle with Thomas Cook and…
A flawed independence
ARTICLE - Treasury interference could stop the Bank of England mitigating the effects of inflationary shocks, says Christopher Huhne in an article in Thursday's London edition of the Financial Times.
RBA Bulletin, June 2002
REPORT - The Reserve Bank of Australia on Thursday published the June 2002 issue of its Bulletin.
Speech by K Persson of Sveriges Riksbank, 11 Jun
SPEECH - Persson said in a speech titled 'The economic situation in a monetary policy perspective' that Sweden's participation in the euro would have various advantages for the economy but acknowledged the disadvantage of a loss of self determination in…
Speech by Robert Parry, San Francisco Fed, 6 Jun
SPEECH - In the speech titled 'After the Recession: A Monetary Policymaker Looks Ahead' Parry said that once the expansion takes hold interest rates will have to move up to prevent a build up of inflationary pressures but that for now the approach can be…
China's gold exchange to open next month
CHINA - China's long-awaited liberalisation of the tightly controlled gold market will kick off with the opening of the Shanghai Gold Exchange next month, an exchange official has said.
Iran proposes change to central bank leadership
IRAN - The future of the post of Central Bank governor is still ambiguous in Iran, reports the Kayhan News website in Tehran.
IMF to support Uruguay and Brazil
US - The International Monetary Fund has moved to provide financial help to Uruguay and Brazil, both affected by the crisis in Argentina.
Argentina to offer bonds for savings
ARGENTINA - Thousands of savers in Argentina have been given a month to decide if they want to swap their bank deposits for government bonds.
Chinese central banker - card development vital
CHINA - The Vice-Governor of the People's Bank of China Xiao Gang said Tuesday that the increased acceptance of banking cards was vital to raising commercial banks' competitiveness and facilitating daily life for the public.