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Regulators relax rules for some foreign banks
US - Federal regulators are easing the rules for some foreign banks operating in the US, freeing up about $1.6bn (Euros 1.8bn, £1.1bn) in assets and reducing some administrative costs.
Discretion rules over next ECB vice-president
FRANCE - It seems that European Union leaders are trying to draw a lesson from 1998. In that year, a cloud of political controversy engulfed the European Central Bank at the moment of its creation when an undignified dispute broke out over Wim Duisenberg…
Japan pledges economy boost
JAPAN - Japan has promised another package of measures to continue its fight against deflation and steer the economy to recovery.
Argentina acts to ease economic crisis
ARGENTINA - The Argentine Government has announced a series of measures it says will strengthen social spending and launch a new economic cycle.
BOK head should be guaranteed 4-year term-Union
SOUTH KOREA - The Bank of Korea (BOK) governor should be guaranteed a four-year term regardless of the results of the presidential election scheduled for December this year, BOK's labor union and a civic group maintained yesterday, reports the Korea…
BOJ minutes - Board voted 8-1 to keep policy
JAPAN - The Bank of Japan's policy board members voted 8-1 to keep monetary policy unchanged at their meeting on 15-16 January, according to the minutes of the meeting released Tuesday.
Banks must invest in long term risk management
US - Federal Reserve Vice Chairman Roger Ferguson said Monday that banks must devote attention and resources to financial risks, despite the upfront costs of such efforts.
President Pervez to visit State Bank Pakistan
PAKISTAN - President Pervez Musharraf will visit the State Bank of Pakistan on 9 March for a briefing on the economic situation, sources said on Friday.
Argentine turmoil not caused by overvalued peso
LETTER - Sir, The Argentines are justifiably possessed by a love for the greenback, an infatuation that even the army of psychoanalysts in Buenos Aires will not be able to exorcise. That is the diagnosis offered up by Thomas Catan ("Argentines' love of…
Money and Inflation - A New Macroeconomic Analysis
BOOK REVIEW - In Money and Inflation, A New Macroeconomic Analysis, Sergio Rossi provides fresh incite to the study of the phenomenon of inflation. He investigates inflation from an entirely new macroeconomic perspective.
Speech by H Kohler, Managing Director, IMF, 28 Feb
SPEECH - In the speech titled 'Inflation Targeting' Kohler said that there has been a widespread desire to avoid excessive volatility in the exchange rates of the world's major currencies ever since the breakdown of the Bretton Woods system.
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'A Supervisory Perspective on Disaster Recovery and Business Continuity' Ferguson said "We must view 11 September as a wake-up call to improve the resilience of financial markets and institutions. We cannot afford to ignore…
Speech by A Crockett, General Manager, BIS, 27 Feb
SPEECH - In the speech titled 'Towards global financial reporting standards: a critical pillar in the international financial architecture' Crockett said Financial reporting is a basic building block of the financial infrastructure. In today's highly…
Technology Shocks and Monetary Policy
RESEARCH - Technology Shocks and Monetary Policy: Assessing the Fed's Performance, Jordi Gali; J. David Lopez-Salido; Javier Valles, National Bureau of Economic Research.
Fed watching moves into the realm of cyberspace
FEATURE - The Federal Reserve, set up by Congress in 1913 to provide the nation with a safer, more flexible and more stable monetary and financial system, is a quint essentially US institution - forthright, functional and for the most part, effective.
No Mersch comment on ECB VP position
GERMANY - Luxembourg's central bank governor, Yves Mersch, is declining comment for the time being on his interest in a potential nomination for the vice-presidency of the European Central Bank.
Reynders says would not rule out top ECB job
BELGIUM - Belgian Finance Minister Didier Reynders said he had never ruled out an interest in taking the job of president of the European Central Bank, Le Soir newspaper reported on Thursday.
People's bank to open office in Frankfurt
CHINA - The People's Bank of China (PBOC), the central bank, plans to open a representative office in Frankfurt home of the European Central Bank (ECB) is headquartered, PBOC's press office announced.
Niedermayer to stay in CNB post for six-year term
CZECH REPUBLIC - The current vice-governor of the Czech National Bank (CNB) Ludek Niedermayer will be renamed to his post for another six year term.
Fraga sees room for more interest rate cuts
BRAZIL - Brazilian central bank governor Arminio Fraga said there's room for more cuts in interest rates following the 20 February decision to slash the key Selic lending rate target to 18.75% from 19%.
Koizumi urged to raise spending and change cabinet
JAPAN - Senior members of Junichiro Koizumi's Liberal Democratic party, emboldened by signs of further erosion in his public popularity, Sunday urged the Japanese prime minister to ditch fiscal restraint and to change cabinet personnel.
Sjahril verdict expected Wednesday
INDONESIA - The Central Jakarta District Court is expected to deliver a verdict in the case of Central Bank Governor Sjahril Sabirin on Wednesday.
Alan Greenspan's stock on the rise
FEATURE - Is Alan Greenspan a monetary genius with unique insight into the US economy? Or is he a central banker with a taste for obscure diction and data who nonetheless follows a simple rule?