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Interview with Robert Mundell
FEATURE - One hundred days after the introduction of the euro Robert Pringle spoke with its self-styled "godfather" and Nobel Prize winner Robert Mundell in an exclusive interview for the latest edition of Central Banking journal.
Argentina fears new bank closures
ARGENTINA - Argentina's economy minister moved Sunday to soothe fears that the country's banks were too unstable to open, saying "the financial system is working solidly."
Iraq, Sudan c banks sign cooperation agreement
IRAQ - Iraq and Sudan today signed a banking cooperation agreement. Central Bank Governor Dr Isam Rashid Huwaysh signed the agreement for Iraq, while Bank of Sudan Governor Dr Sabir Muhammad Hasan signed it for Sudan.
Taiwan c bank chief protests name change at ADB
CHINA - Central Bank of China (CBC) Governor Perng Fai-nan on Saturday protested Taiwan's name change in the Asian Development Bank (ADB).
Syrian premier meets Jordanian banking delegation
SYRIA - Premier Dr Muhammad Mustafa Miro on Sunday 12 May received the governor of the Jordanian Central Bank Mr Ummaya Tukan, the Director of the Jordanian Housing Bank Mr Zuhair al-Khuri, the General Director of the Jordanian Housing Bank for Financing…
Chicago fed forum evolves into Basel 2 battle
FEATURE - The big question posed at this year's premier bank policy event was how to break regulators' tendency to exacerbate business cycles by backing off in boom times and cracking down when the economy slows.
Brazil's central bank calms inflation fears
BRAZIL - Arminio Fraga, the president of the Brazilian central bank, on Friday sought to alleviate concern over accelerating inflation after the consumer price index posted a 0.8 per cent increase in April. This brings the increase in consumer prices…
Speech by T Latter, Deputy Chief Exec HKMA, 13 May
SPEECH - In the speech titled 'Who or what determines monetary policy in Hong Kong?' Latter suggests that the aim of monetary stability would not be assisted by altering the current arrangements, whether by pinning our currency to that of Hong Kong's…
Statement by Governor for the Republic of China
PRESS RELEASE - Statement by the Governor for the Republic of China at the 35th Annual Meeting of the Asian Development Bank, Fai-nan Perng, 11 May.
RBA Statement on Monetary Policy
REPORT - Reserve Bank of Australia, Statement on Monetary Policy, 10 May.
Issues in Electronic Banking: An Overview
RESEARCH - IMF Policy Discussion Paper 02/6 by Andrea Schaechter, Monetary and Exchange Affairs Department.
Speech by Fed Vice Chairman Roger Ferguson, 11 May
SPEECH - In a speech titled 'Thoughts on Success in Life' Ferguson said that the link between education and economic success is well documented and as the first black American to become Fed vice chairman, said differences in educational levels, work…
Greenspan urges banks to rely on risk management
US - Federal Reserve Chairman Alan Greenspan said Friday that commercial banks and banking regulators need to rely more on the emerging field of risk management to control loan defaults during periods of economic weakness.
Dlamini-Zuma confirms launch of African Union
SOUTH AFRICA - The July launch in Durban of the African Union (AU) will go ahead despite contrary advice obtained from a panel of some of the continent's "eminent people", Foreign Affairs Minister Nkosazana Dlamini-Zuma said yesterday. The AU Act…
UAE free of organised suspect cash activities
UAE - The UAE had detected minor money laundering operations but it is free of organised suspect cash activities as a result of direct surveillance by monetary authorities and cooperation by financial institutions, a judicial official said yesterday.
Brazil's Fraga says rates may be cut further
BRAZIL - Central bank chairman Arminio Fraga said he has indications that demand is falling and GDP growth is weakening in Brazil, which would justify new interest rate cuts.
UK company among 3 bidders for Nigerian mint
UK - De La Rue PLC is among three foreign companies bidding for a controlling stake in Nigeria's state-run mint, the Nigerian Security Printing and Minting Co, officials said.
Romanian gov't adopts money-laundering regulations
ROMANIA - The Romanian government approved the organization and functioning regulations of the National Office for Preventing and Combating Money-Laundering (ONPCSB), whose activity is structured on two operative directorates - a computerized directorate…
Ferguson - global economy robust on anti-terrorism
US - The global economy won't feel any impact from the increased cost of security and disaster-planning needed in the wake of the September 11 terrorist attacks, said Roger Ferguson, vice chairman of the Federal Reserve board.
Bush pays tribute to US economist Milton Friedman
US - President Bush Thursday paid tribute to U.S. economist Milton Friedman. The Nobel-Prize-winner's free-market approach is central to the Bush administration's trade policy.
Speech by Fed Chairman Alan Greenspan, 10 May
SPEECH - In a speech titled 'Cyclicality and Banking Regulation' to the Chicago banking conference Greenspan said it was natural for bankers to grow more cautious in their lending practices during bad times.
BIS Press Release
PRESS RELEASE - International Association of Deposit Insurers to locate new secretariat in Basel, 8 May.
Federal Reserve Board Press Release, 9 May
PRESS RELEASE - Mail processed in a secure facility outside the Federal Reserve Board buildings has tested positive for traces of anthrax DNA.
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve Board on Thursday released the minutes of its Federal Open Market Committee Meeting of 19 March 2002, released 9 May.