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A very big shoe to fill - A successor to Greenspan
FEATURE - The Economist magazine, 9 March, reports on the search to replace the chairman of the US Federal Reserve - Time to groom an heir for Alan Greenspan.
Israel unveils plan to limit central bank powers
ISRAEL - Israel's Finance Ministry unveiled legislation Sunday to rein in the power of the central bank, with a monetary council appointed by the finance minister and a widening of the bank's goals to include growth and employment targets.
Iran's c bank chief dismisses embezzlement claims
IRAN - Governor of the Central Bank of Iran (CBI) has dismissed as "untrue" certain reports on embezzlement at CBI and said the claims are unfortunately raised by those who are unfamiliar with banking affairs.
Heikensten says slower wage growth needed
SWEDEN - Sweden's membership of European economic and monetary union will demand a higher government budget surplus and lower wage increases, Lars Heikensten, deputy governor of Sweden's central bank told Dagens Nyheter Sunday.
How long will Swiss SNB lay golden eggs?
FEATURE - The Swiss National Bank has decided to lay golden eggs for a while, but will the goose have the guts to say "no" once the party's over?
The Japanese economy - Buying time
FEATURE - The Japanese government's latest package of emergency measures to prop up the ailing economy will not meet its goal of reining in the crippling deflation afflicting the nation's battered companies and debt-paralysed banks. But it will likely…
UK shadow chancellor shifts on bank independence
UK - UK Chancellor Gordon Brown deserves "great credit" for his decision to give the Bank of England independence, Michael Howard has said.
Soros warns UK not to snub euro
UK - Billionaire investment guru George Soros has said that it is "impossible" for Britain to reject adoption of the euro.
Reserve Bank of South Africa Media Release
MEDIA RELEASE - Commission of inquiry into the rapid depreciation of the exchange rate of the rand, 13 March.
Swedish c banker joins inflation concern view
SWEDEN - Inflation in Sweden has been unexpectedly high lately, Swedish central bank Deputy Governor Lars Nyberg said on Monday, adding he shared the concern over the issue voiced by colleagues on the bank's board.
Single currency outsiders united in sport
LETTER - A letter published in Monday's Financial Times suggests that the forthcoming football world cup has important implications for membership of the euro.
Speech by A Santomero of Philadelphia Fed, 6 Mar
SPEECH - In the speech titled 'The Recovery - Has It Begun?' Santomero said the U.S. economy's recovery from recession "may indeed have already begun," and called recent statistics on the economy "heartening, in fact, surprisingly strong".
Speech by Lars Nyberg of Sveriges Riksbank, 11 Mar
SPEECH - In the speech titled 'Financial disturbances and the real economy' Nyberg echoed concerns voiced by colleagues on the banks board that inflation in Sweden has been unexpectedly high lately saying "a number of my colleagues have expressed concern…
BIS Quarterly Review, March 2002
REPORT - Bank for International Settlements, Quarterly Review, International Banking and Financial Market Developments, released 11 March 2002.
China ctrl bk - Weak yen won't affect stable yuan
CHINA - The weakening Japanese yen won't force China's government to abandon its long-held policy of maintaining a stable yuan, a senior central bank economic researcher said Friday.
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.