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New Greek governor may be chosen in May
GREECE - A central bank governor for Greece is likely to be chosen in the middle of May - to replace Lucas Papademos, who was elected earlier this month as the European.
Testimony of Fed Chairman Alan Greenspan, 23 Apr
TESTIMONY - Federal Reserve Chairman Alan Greenspan told the Senate Banking Committee Tuesday that the board opposes proposals in Congress to raise deposit insurance coverage above its current cap of $100,000 per account.
Afghanistan backs national currency
AFGHANISTAN - The central bank in Afghanistan has intervened to support the national currency, buying $500,000 worth of afghanis from the Kabul money market.
BOU forex strategy may be paying off
UGANDA - The Bank of Uganda's (BOU) new strategy of intervening into the foreign exchange market without disclosing amounts sold, seems to be working, reports New Africa News.
More cogitating about world 'after Alan'
FEATURE - As various people remind us on an increasingly frequent basis, it's not too early to be speculating about the Greenspan succession question.
An overview of the Federal Reserve System
FEATURE - In an interesting article Hoover's Company Profiles look at the history of the Federal Reserve. The Federal Reserve Act followed the panic which ensued after the failure of New York's Knickerbocker Trust Company in 1907. J. P. Morgan strong…
Bank of England News Release
NEWS RELEASE - New deputy agents appointed at the Bank of England, 22 April.
G10 ministers and governors communique
PRESS RELEASE - Communique of the ministers and governors of the Group of Ten, Washington D.C., 22 April.
Speech by Christian Noyer of the ECB, 23 Apr
SPEECH - European Central Bank Vice President Christian Noyer repeated Tuesday that an economic recovery is in place for the euro zone this year, although uncertainty remains about the strength of the rebound. He was giving the introductory statement at…
European Central Bank - Annual Report 2001
ANNUAL REPORT - The European Central Bank has published its Annual Report for the year ended 2001.
Speech by Fed Chairman Alan Greenspan, 22 Apr
SPEECH - Federal Reserve Chairman Alan Greenspan said on Monday in a speech titled 'Finance: United States and global' he saw early signs of a recovery in business capital spending but warned that he did not believe the corporate investment rebound would…
Argentina's president vows to continue reforms
ARGENTINA - Eduardo Duhalde, president of crisis-hit Argentina, has vowed to push ahead with economic reforms - but on his own terms.
Vietnam's Interbank E-Payment System to begin May
VIETNAM - The central bank in Vietnam is intending to launch an interbank e-payment system early next month in an effort to speed up payments.
Brazil's central bank aids debut of new SPB today
BRAZIL - The Central Bank reduced the interest rate charged banks in one-day rediscount operations from 6% to 1% a year, plus the variation of the Selic basic interest rate.
BOK encourages payments made via internet
SOUTH KOREA - The central bank is encouraging people to make payments of bills for taxes and public utility services through the Internet due to its convenience and efficiency, in the midst of banks' reluctance to handle such dealings at their windows.
Volcker seen as likely to step aside at Andersen
USA - Paul A. Volcker, the former Federal Reserve chairman sought to help embattled Arthur Andersen LLP map out a future, now looks likely to step aside, deepening the crisis within the accounting firm, Monday's Wall Street Journal reported.
G7 didn't discuss exchange rates says Duisenberg
US - Finance ministers and central bankers from the Group of Seven leading industrial nations didn't discuss foreign exchange during their meeting Saturday, "apart from the usual statements," European Central Bank President Wim Duisenberg said.
Legislation may see expanded role for Irish c bank
IRELAND - The Minister for Finance in Ireland, Mr McCreevy, has laid the foundation for the creation of a restructured Central Bank that will incorporate consumer protection and prudential regulation of the financial services sector.
Speech by Lars Nyberg of Sveriges Riksbank, 22 Apr
SPEECH - In the speech titled 'The repo rate - spring 2002' Nyberg said inflation should fall in the months ahead, but for inflation to exceed target 1 to 2 years ahead. He also said there were more 'tangible' signs that the Sweden recovery picking up.
Press Briefing with G-24 Ministers
PRESS BRIEFING - Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, Washington, D.C., 19 April.
IMF Press Conference
PRESS CONFERENCE - Transcript of a Press Conference Following The International Monetary and Financial Committee Meeting, Washington, D.C., 20 April.