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IMF calls for regulating 'hawala' transfers
UAE - The International Monetary Fund (IMF) on Wednesday called on the informal system of overseas money transfers known as "hawala" to be regulated in the interests of the world economy.
Fed's Moskow - Much uncertainty on U.S. recovery
US - Uncertainty lingers over the early shape of the U.S. recovery though the economy is on track for moderate growth and the long-term outlook is good, a Federal Reserve official said on Thursday.
UK's Blair says euro poll 'getting close'
UK - Tony Blair has admitted a referendum on Britain's entry into the single European currency could be "getting close".
World Bank boss visits Afghanistan
AFGHANISTAN - The World Bank's president has reaffirmed his long-term commitment to the development of Afghanistan.
Research from the Kansas City Federal Reserve Bank
RESEARCH - How High Tech is the Tenth District? by Chad Wilkerson.
Speech by V Bergstrom, Sveriges Riksbank, 15 May
SPEECH - In the speech titled 'Forecasts and business cycles' Deputy Governor Bergstrom said in recent years the Swedish economy has been subjected to relatively large disturbances. The Asian and Russian crisis, as well as severe fluctuations on the…
Rapid expansion of OTC derivatives market
REPORT - Regular OTC Derivatives Market Statistics, The Global OTC Derivatives Market at end-December 2001, 15 May.
RBNZ Monetary Policy Statement, May 2002
REPORT - The Reserve Bank of New Zealand on Wednesday published its Monetary Policy Statement for May 2002.
Speech by Glenn Stevens of the RBA, 16 May
SPEECH - Stevens gave a speech titled 'International Economic and Financial Issues: An RBA Perspective' on Thursday and said that the US economy remained the uncertain factor for world growth this year although it was clear a turning point had happened, …
Riksbank's Bergstroem worries about inflation
SWEDEN - The Riksbank's deputy governor Bergstroem said the bank's research estimates wage rises of 4% over the next two years, which is not compatible with the inflation target of 2%. Further interest rate hikes may be necessary in the future.
UAE cb governor says abuse of hawala must stop
UAE - Sultan bin Nasser Al Suwaidi, the UAE Central Bank Governor, says abuse of the hawala (unofficial) system of money transfer must stop, but practical solutions to the challenges faced must be sought.
Argentina's central bank raises dollar sell rate
ARGENTINA - The central bank has raised the dollar sell rate to 3.24 pesos from 3.19 pesos.
BoJ's Ueda advises higher govt spending in Japan
JAPAN - Bank of Japan policy board member Kazuo Ueda said that a small rise in government spending may stimulate the economy without significantly affecting long-term interest rates and that the bank should aim for 1-2% inflation.
Papademos underlines importance of M3
GERMANY - ECB vice-president designate Lucas Papademos said he supports the first pillar of the ECB's monetary policy strategy and that analysis of M3 money supply growth should continue.
RBNZ raises Official Cash Rate to 5.5%
NEW ZEALAND - Reserve Bank of New Zealand Acting Governor Rod Carr justifies the bank's decision to increase the Official Cash Rate in a statement, and warns of further increases over the year ahead.
Unpublished IMF letter to the Wall Street Journal
LETTER - A letter by Thomas Dawson, Director of the IMF's External Relations Department, concerning the IMF's policy on Argentina. The Wall Street Journal declined to publish it.
Results of BIS 2000 disclosure survey
SURVEY - This report presents the results of a survey on public disclosures made by a sample of internationally active banks in 13 countries. The survey was conducted by the Basel Committee on Banking Supervision (the Committee) to promote market…
IMF Survey, 14 May
REPORT - Topical coverage of the IMF's activities, policies, and research. It includes an interview with Anne Krueger on the sovereign debt plan.
Advertisement for new governor of RBNZ
ADVERTISEMENT - The Reserve Bank of New Zealand is seeking applications for the position of Governor. The position has been advertised both within New Zealand and offshore.
Asian Development Bank - Annual Report 2001
ANNUAL REPORT - ADB says it has met the challenges of 2001 - strengthening itself with the approval of key policies and strategies, encouraging participation and broadening partnerships, and providing loan and technical assistance where needed.
Hong Kong Monetary Authority - Annual Report 2001
ANNUAL REPORT - The Hong Kong Monetary Authority has published its annual report for 2001.
Bank of England Inflation Report, May 2002
REPORT - Bank of England's quarterly Inflation Report released 15 May.
Speech by David Dodge of Bank of Canada, 14 May
SPEECH - In a speech titled 'International Financial Architecture and the Resolution of Financial Crises' Dodge reviewed the progress made in strengthening the international financial architecture, preventing global financial crises, and expediting…
Speech by Stefan Ingves of the IMF, 15 May
SPEECH - In the speech 'Meeting the Challenges for the Chinese Financial Sector: What Have We Learned from Other Countries?' Ingves said that over the past decade, much has been achieved in building the institutions, markets, and legal infrastructure for…