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New man taking over at head of Irish central bank
IRELAND - Irishman John Hurley becomes the newest member of the European Central Bank's governing council on Monday when he takes up the reins as governor of the Central Bank of Ireland.
Why Greenspan allowed irrational exuberance
FEATURE - Why Greenspan allowed irrational exuberance - The Federal Reserve's past reluctance to crack down on a runaway bull market raises questions about its remit.
Gramlich- fiscal stimulus should be reversible
US - A Federal Reserve official on Thursday said measures the government takes to ward off recession should meet several criteria, including being easily reversible.
Swedish c bank chief says worried by inflation
SWEDEN - Sweden's central bank governor Urban Backstrom said on Thursday he shared the concern of many of his colleagues at the bank on inflation but said a rate rise should be postponed if an upturn was not certain.
Central bankers forged together over steel tariffs
US - ECB president Wim Duisenberg and Federal Reserve chairman Alan Greenspan both spoke yesterday of their disagreement with the US government's decision to impose tariffs on steel. US treasury secretary Paul O'Neill, however, came out in favour of the…
US finance chief backs steel moves
US - US Treasury Secretary Paul O'Neill has rejected suggestions from Europe that America's push to protect the domestic steel industry is simply a matter of treating the symptoms of an overvalued dollar.
Zimbabwe election fears hit rand
SOUTH AFRICA - Less than a day ahead of Zimbabwe's bitterly contested presidential election, South Africa's currency is feeling the pinch.
BIS hits back over banking standards
GERMANY - Andrew Crockett, head of the Bank for International Settlements, has answered criticism of his plans for new global banking standards from Gerhard Schroder, German chancellor, by warning politicians not to interfere.
Banks shun online sales pitch
UK - Britain's banks and building societies are turning away from the web in their search for new customers.
Speech by U Backstrom of Sveriges Riksbank, 7 Mar
SPEECH - Backstrom said in the speech titled 'Swedens economy and monetary policy' that "if inflation, even disregarding the temporary effects, is above the target initially, activity is entering an upward phase and economic policy's impact on the…
ECB Working Paper Series
RESEARCH - Non-standard central bank loss functions, skewed risks, and certainty equivalence, by Ali al-Nowaihi and Livio Stracca, February 2002.
ECB Press Conference
PRESS CONFERENCE - Introductory statement by Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Frankfurt am Main, 7 March.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Boston and based on information collected before February 26, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Speech by Fed Reserve Governor Ed Gramlich, 7 Mar
SPEECH - In the speech titled 'Macroeconomic Policy in Recessions--and Other Times' Gramlich said Government reaction to economic hard times should keep long-term strategy in mind, particularly when considering whether to launch a fiscal stimulus program.
ECB buys Frankfurt market site to build new office
GERMANY - With European Union enlargement in mind, the European Central Bank has agreed to spend about 60 million euros to buy the land housing Frankfurt's wholesale vegetable and fruit market to build a new headquarter.
Pakistan law to check money laundering soon
PAKISTAN - The government has started working on an anti-money laundering law to check the inflow of suspicious transactions in the country's banking system.
A cough and a headache halted Sabirin verdict
INDONESIA - A headache and a cough led a judge to postpone on Wednesday the verdict in the case of Central Bank governor Sjahril Sabirin, who is charged with corruption reports the Jakarta Post.
Pakistan c bank may hold some euro forex reserves
PAKISTAN - Pakistan may allocate part of its foreign exchange reserves in the euro when there is greater stability in the currency, the central bank said Thursday.
Papademos "very good" candidate for ECB vice head
GREECE - German Finance Minister Hans Eichel said Thursday that Greek Central Bank Governor Lucas Papademos was a "very good" candidate to succeed Christian Noyer as vice president of the European Central Bank, reports Dow Jones.
Beige Book shows limited economic improvement
US - The US economy showed scattered "signs of improvement" through January and early February, but was not barrelling out of the gates, according to the latest anecdotal survey released on Wednesday by the Federal Reserve.
Argentina seeks to clear way for IMF deal
ARGENTINA - Argentina's Senate yesterday debated the country's 2002 budget a day ahead of schedule as part of efforts to unlock a big support package from the International Monetary Fund.
Testimony of Fed Chairman Alan Greenspan, 7 Mar
TESTIMONY - Testimony of Federal Reserve Chairman Alan Greenspan before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, 7 March.
Greenspan upbeat on US recovery
US - Alan Greenspan, the chairman of the US central bank, has said that the US economic recovery is well under way.