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New York Fed research on inventory volatility
RESEARCH - The latest edition of the Federal Reserve Bank of New York's Current Issues in Economics and Finance, Volume 8 Number 5, titled "Has Inventory Volatility Returned? A Look at the Current Cycle".
IMF Research Bulletin, June 2002
RESEARCH - The report includes summaries of IMF research on the empirical analysis of exchange rates and on pension reform, a country study on Brazil, as well as coverage of conferences on National Poverty Reduction Strategies and Macroeconomic Policies…
Speech by former Fed chairman Paul Volcker, April
SPEECH - Paul Volcker, former chairman of the Federal Reserve, gave a speech titled 'Monetary Policy Transmission: Past and Future Challenges' to a conference on 'Financial Innovation and Monetary Transmission' sponsored by the Federal Reserve Bank of…
French prosecutor recommends no trial for Trichet
FRANCE - The Paris prosecutor's office recommended last Friday that Jean-Claude Trichet, the governor of the Bank of France, should not be put on trial over the Credit Lyonnais bank scandal, thus easing his chances of succeeding Wim Duisenberg at the ECB.
Slovenia's former cb governor to run for president
SLOVENIA - Slovenia's former central bank governor, France Arhar, yesterday declared his intention to stand as an independent candidate in presidential elections later this year after current president Milan Kucan's second term expires.
Congress pushes for inflation targeting at the Fed
USA - A key member of Congress is attempting to pressure the Federal Reserve into adopting an inflation targeting regime. Although there is some support for this at the Fed, Chairman Alan Greenspan is vehemently opposed to the idea.
RB of Australia raises benchmark rate to 4.75%
AUSTRALIA - The Reserve Bank of Australia raised its benchmark interest rate for the second time in a month by a quarter percentage point to 4.75%. It is hoped this will put a damper on a housing boom and consumer spending that may fuel inflation.
Economic prospects looking up says Greenspan
USA - America's economic prospects are looking up according to Fed chairman Alan Greenspan on Tuesday, although he warned that further economic growth in the short term will slow from the January-March pace.
Japanese financial institutions' management tasks
RESEARCH - The Bank of Japan's Bank Examination and Surveillance Department has issued a report on 'Japanese Financial Institutions' Efforts to Address Their Management Tasks'. It outlines the current state of financial institutions' business and how…
Reforming China's banking system
RESEARCH - Federal Reserve Bank of San Francisco 'Economic Letter' concerning the reform of China's banking system, by Ramon Moreno, Research Advisor, 31 May.
Reserve Bank of Australia chart pack, June
RESEARCH - The Reserve Bank of Australia has released the June 2002 issue of the Chart Pack today.
Speech by Zeti Akhtar Aziz, B.N. Malaysia, 29 May
SPEECH - Dr Zeti Akhtar Aziz, Governor of Bank Negara Malaysia, gives a keynote address titled 'The Malaysian banking industry - gearing up for excellence' on AAOIFI's Accounting Standards at the 2nd Seminar For Central Banks and Monetary Agencies.
Speech by Guy Quaden, N. Bank of Belgium, 27 May
SPEECH - Guy Quaden, governor of the National Bank of Belgium gives an opening address titled 'New Views on Firms' Investment and Finance Decisions', for the National Bank of Belgium Conference in Brussels on May 27 & 28.
Statement by Ian Macfarlane of the RBA, 5 June
PRESS RELEASE - Statement by Ian Macfarlane, Governor of the Reserve Bank of Australia, on monetary policy: "Following a decision taken by the Board at its meeting yesterday, the Bank will be acting in the money market this morning to increase the cash…
Bank of Canada raises rates by 1/4%
CANADA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2…
Speech by Fed Governor Mark Olson, 31 May
SPEECH - In a speech titled 'The Dual Banking System and the Current Condition of the Banking Industry', Federal Reserve Board Governor Mark W. Olson talks to the Conference of State Bank Supervisors in Salt Lake City about the historic and continuing…
Speech by M Moskow, President, Chicago Fed, 23 May
SPEECH - SPEECH - Moskow gave a speech Thursday titled 'Benefits of Open Markets and Expanded Trade', in it he said "because the downturn was moderate, we expect that the early stages of this recovery will also be moderate by historical standards."
Argentina scraps key economic law
ARGENTINA - Argentine senators have ditched a controversial law that has been putting off international lenders. The IMF has made abolition of Argentina's so-called economic subversion law a condition for lending to the cash-strapped nation to restart.
Australian interest rates 'to soar'
AUSTRALIA - Interest rates may have to rise by two percentage points in Australia to cut the risk of overheating, the country's central bank chief has warned.
Fed's McTeer-US rebound like 'jobless recovery'
CANADA - Federal Reserve Bank of Dallas President Robert McTeer said on Thursday that the US economy's rebound from recession resembled a jobless recovery.
Chicago Fed national index negative in April
USA - The Federal Reserve Bank of Chicago said on Thursday its National Activity Index was mired in negative territory for the 22nd consecutive month in April at a level of -0.22.
IMF approves Zambian funds
ZAMBIA - The International Monetary Fund (IMF) has approved $317m (£216.4m) financing for Zambia's 2002 economic plan to target poverty reduction.
Moody's downgrades Japan by two more notches
JAPAN - Ratings agency Moody's Investors Service has downgraded government bonds issued by Japan - the world's second biggest economy - by two notches to the same status as those from Latvia and Poland.
Eurozone inflation falls but M3 grows
GERMANY - A marked drop in euro zone inflation in May strengthened beliefs that the ECB will hold fire on interest rates, although its key money gauge M3 moved further away from its benchmark of 4.5%, growing to 7.5% from 7.3% in March.