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Israel sees no progress on central bank reform
ISRAEL - The Bank of Israel said Thursday that no significant progress had been made in reaching a compromise on the Finance Ministry's plan to amend the law governing the central bank.
Papademos has strong support for ECB job - Rato
SPAIN - Many euro zone finance ministers back Bank of Greece Governor Lucas Papademos to replace European Central Bank Vice President Christian Noyer, Spanish Economy Minister Rodrigo Rato said on Friday.
G-7 finance deputies meet in London
UK - Deputy finance ministers of the Group of Seven industrial nations gathered here Thursday to decide on the topics for a meeting of G-7 finance ministers and central bank governors, to be held later this month.
Floating ex affects competitiveness, says Franco
BRAZIL - Gustavo Franco, ex-president of BC (Brazilian Central Bank) said at a seminar Thursday in Sao Paulo, that the floating exchange now adopted by the federal administration may be a problem for Brazilian companies to keep competitive, and may…
UK and Germany in banking supervision move
GERMANY - The German and British governments are combining forces to head off any move by the European Central Bank to take the leading role in banking supervision in the European Union.
UK MPC member says further rate cuts not ruled out
UK - UK interest rates may still fall again if the world economy takes a turn for the worse, while the first increase in borrowing costs could be some way off, a member of Britain's monetary policy team told the Times.
Deutsche Bundesbank, Annual Accounts 2001
REPORT - Annual Accounts of the Deutsche Bundesbank for 2001, Offprint from the Annual Report for 2001.
Speech by Eugenio Domingo Solans, ECB, 12 Apr
SPEECH - Gabriel Quiros said in a speech made on behalf of Eugenio Domingo Solans that it seems indisputable that we have made progress - in particular since the launch of the euro - towards an integrated financial market structure.
Deutsche Bundesbank Press Release, 11 April
PRESS RELEASE - Appointment of external auditors of the annual accounts for 2002.
Deutsche Bundesbank Annual Accounts for 2001
PRESS RELEASE - Deutsche Bundesbank Annual Accounts for 2001, 11 April.
Financial Stability Forum Press Release, 11 April
PRESS RELEASE - First FSF regional meeting with central and eastern European authorities. The Financial Stability Forum (FSF) today held its first regional meeting with central and eastern European countries at the European Bank for Reconstruction and…
Bank of Japan Monthly Report April 2002
REPORT - Monthly Report of Recent Economic and Financial Developments, April 2002. The English translation of the full text will be available on 15 April.
Bank of England Discussion Paper
RESEARCH - Bank of England Discussion Paper by Nicoletta Batini, Brian Jackson and Stephen Nickell, April 2002.
Speech by Edward George, Bank of England, 11 Apr
SPEECH - In his speech George said that the debate on UK euro membership was "balanced" and that sterling's value against the euro was an important consideration. "It's a balanced debate in my view, there are pros and cons."
Gold market calmer on Welteke reassurance
GERMANY - The gold market was reassured by the statement made by Bundesbank President Ernst Welteke on Thursday that the international agreement limiting gold sales by central banks was worth extending once it expired at the end of 2004 and that any…
Brazil's central bank - a question of independence
FEATURE - Brazil's central bank president, Arminio Fraga, may appear the only sure thing in Brasilia these days as election fever grips the capital of South America's number one economy. But the question to be asked is, for how long?
ECB sees upturn but slower CPI decline
GERMANY - The European Central Bank on Thursday maintained its assessment that the euro zone economy was recovering but said high oil prices could lead to slightly higher inflation than predicted earlier this year.
House votes to end banking ban
US - The Senate House has voted to end a 70-year-old ban on banks paying interest on business checking accounts.
Israel approves Bill to redefine c bank powers
ISRAEL - Israeli ministers have approved a bill that would redefine the Bank of Israel's powers, but allowed the finance ministry and central bank time to propose changes to the bill to resolve continuing disagreements.
When an ATM is an alien concept
FEATURE - It is only an ATM (automatic teller machine), but it might as well be an alien spacecraft, crash landed in central Vientiane. People do not know what to make of it - which is understandable when you consider that this is the first ATM in Laos.
Race still on for ECB Vice President position
BELGIUM - Belgium said on Thursday it stuck to its candidate for the European Central Bank's vice-presidency, which vacates end-May, but added that it wanted a good chance for a next vacancy if a Belgian failed this time.
Philippines - Derivatives supervision tightened
PHILIPPINES - The Philippine Central Bank has tightened its supervision of the derivatives market by requiring the affiliates of all financial institutions to seek approval from the monetary authority before undertaking such transactions.
Asset Prices and Inflation Targeting
RESEARCH - Asset Prices on a Flexible Inflation Targeting Framework by Stephen G Cecchetti, Hans Genberg and Sushil Wadhwani, April 2002. Prepared for the conference on "Asset Price Bubbles: Implications for Monetary, Regulatory, and International…