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Channel Islands agree tax haven deal
UK - Guernsey and Jersey in the Channel Islands have signed up to an international programme to block tax evasion.
Currencies consigned to history
FEATURE - "A piece of Europe in our hands" is how Romano Prodi, president of the European Commission, greeted the launch of the euro.
Final day for euro changeover
EUROPE - Two months after it was introduced as a cash currency on 1 January 2002, the euro will finally become the sole legal tender in the 12 countries in the eurozone.
Fed's Ferguson sees signs of U.S. recovery
US - Federal Reserve Vice Chairman Roger Ferguson said on Wednesday that signs of a U.S. economic recovery were increasing, but that a revival in business investment held the key to the contours of the rebound.
Speech by Roger Ferguson, Federal Reserve, 27 Feb
SPEECH - In the speech titled 'A Review of Economic Developments in 2001 and the Economic Outlook' Ferguson said "signs of economic recovery are increasing" and added that U.S. consumer spending had helped the economy to stabilize, noting that low…
Central Bank of Guatemala Governor Kidnapped
GUATEMALA - It has been confirmed that the President of the central bank of Guatemala Lizardo Sosa was kidnapped while out for his regular morning jog close to his home.
Bundesbank reform heads toward final hurdle
GERMANY - Germany's reform of the once mighty Bundesbank headed toward its final parliamentary hurdle on Wednesday but a last-minute change cast doubt on when the changes would take effect, parliamentary officials said.
New Middle East development bank proposed
BELGIUM - The European Commission will on Wednesday unveil proposals for a new development bank for Mediterranean and Middle East countries amid a debate over the European Union's political and economic role in the region.
Japan urged to adopt British-style economic reform
UK - The British government will today urge Japan to press ahead with privatisation and other structural reforms as the best way to pull the country out of its deepening economic crisis.
BofE George warns of possible threat to inflation
UK - Sir Edward George, the governor of the Bank of England, has warned of the risk that the economy will slow further at the same time as the pound falls, putting upward pressure on inflation.
Greenspan says US economic recovery may be weak
US - Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and skittish U.S…
Monetary Policy Report to the Congress
REPORT - Federal Reserve Board Monetary Policy Report to the Congress, 27 February.
Testimony of Fed Chairman Alan Greenspan, 27 Feb
TESTIMONY - In his testimony before Congress Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and…
HKMA Press Release
PRESS RELEASE - Real Time Gross Settlement (RTGS) Systems in Hong Kong and Reuters Dealing 3000.
Bank of Japan research paper
RESEARCH - Research from the Institute for Monetary and Economic Studies, Bank of Japan. Japan's Financial System: Its Perspective and the Authorities' Roles in Redesigning and Administering the System. By Naohiko Baba and Takamasa Hisada, February 2002.
ECB Press Release
PRESS RELEASE - Monetary developments in the euro area: January 2002, 27 February 2002.
Journal of Banking & Finance paper
RESEARCH - Risk management in the global economy: A review essay by William C. Hunter, Stephen D. Smith.
Nikkei soars ahead of deflation plan
JAPAN - Japan's top economic policy makers are meeting to finalise moves to curb spiralling deflation and stabilise the stock market.
German recession confirmed
GERMANY - The German economy is officially in recession, according to official figures which have confirmed two successive quarters of contraction.
Aide warns over euro politics
UK - One of Chancellor Gordon Brown's closest aides has warned against allowing political pressures to influence the government's approach to the euro.
India's gold jewellery rip-off
FEATURE - Most gold jewellery advertised in India as 22-carat is of a lesser quality, a survey by the Bureau of Indian Standards (BIS) has revealed.
Manchester United player joins eurozone collection
FEATURE - Ole Gunnar Solskjaer from Manchester United has teamed up with the United Nations Children's Fund (UNICEF) on his return from Europe to collect soon-to-be obsolete currency.
Interview with Anne Krueger of the IMF
INTERVIEW - Anne Krueger, First Deputy Managing Director, International Monetary Fund, Le Monde Economie, 18 February.
Hungarian ctrl bk to coordinate data after glitch
HUNGARY - The National Bank of Hungary and the Central Statistics Office, or KSH, Wednesday signed a pact to harmonize data collection, two days after the central bank revised and more than doubled the 2001 current account deficit.