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Succession scramble at ECB
FEATURE - For those few who enjoy the subtleties of central banking politics, a glacial but important semantic change has occurred over the past couple of years.
ECB Press Release
PRESS RELEASE - Annual hard copy publication of the: List of Monetary Financial Institutions and institutions subject to minimum reserves as at the end of December 2001, 14 February.
Venezuela's currency in freefall
VENEZUELA - Venezuela's currency has plummeted 25% against the US dollar after the government scrapped five-year-old exchange rate controls.
ECB Monthly Bulletin, February 2002
REPORT - The European Central Bank has published its latest Monthly Report for February 2002.
Speech by Christian Noyer of the ECB
SPEECH - Noyer called the speech 'Success factors of the euro and the ECB' and said the euro is undervalued against the dollar, but added it was "very difficult" to tell when the euro would rebound, 13 February.
St Louis Fed's Poole - Markets must understand Fed
US - St. Louis Federal Reserve President William Poole said on Wednesday that it was important financial markets understand the goals and plans of monetary policymakers.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - In the speech titled 'The Role of Anecdotal Information in Fed Policymaking' Poole said that with formal data giving an incomplete and often delayed picture of the economy, including in the key areas of growth and inflation, anecdotal…
ECB's Noyer - Euro Undervalued Vs Dollar
EUROPE - European Central Bank Vice President Christian Noyer said Wednesday the euro is undervalued against the dollar, but added it was "very difficult" to tell when the euro would rebound.
Inflation leap adds to expectation of rate rise
UK - Inflation leapt in January, outstripping economists' expectations and raising fears that companies are exploiting surging consumer demand to push up prices.
BoJ report paints bleak picture of Japan's economy
JAPAN - The Bank of Japan on Tuesday painted a bleak picture of the world's second largest economy in its monthly report, pointing to lower capital investment, weak private consumption and a harsh lending environment for small companies seeking to raise…
Peso float buys time in Argentina
ARGENTINA - The controlled flotation of the Argentine peso on Monday bought President Eduardo Duhalde's government a little time to continue improvising a plan to rescue the country from financial collapse, but pressing issues remain unresolved in the…
Argentina's peso firms
ARGENTINA - Argentina's peso has gained 10% against the US dollar on its second day as a free floating currency in a decade.
Banks review systems for managing risk
UK - Risk managers at banks in Britain and Ireland are re-examining defences against rogue traders following the loss of $750m (£532m) by Allied Irish Banks last week.
Venezuela's currency slides after floating
VENEZUELA - Venezuela's currency has fallen 3.9% to about 824 bolivars to the dollar after the government scrapped five-year old exchange rate controls.
Poll dares to ask: Who will succeed Greenspan?
FEATURE - A panel of prominent economists this week pondered a question that many Wall Street investors find unthinkable: Who will take the helm of the world's most powerful central bank when Alan Greenspan leaves?
Bank of Japan Monthly Report - English text
REPORT - Monthly Report of Recent Economic and Financial Developments from the Bank of Japan, February 2002. Full English text available 13 February.
Committee on the Global Financial System (CGFS)
REPORT - IT innovations and financing patterns: implications for the financial system, February 2002.
CGFS release report on IT innovation and financing
PRESS RELEASE - Under the auspices of the Bank for International Settlements (BIS), the Committee on the Global Financial System (CGFS) is today releasing a report entitled IT innovations and financing patterns: implications for the financial system, 13…
Bank of England Inflation Report - February 2002
REPORT - The Bank of England has published its latest quarterly inflation report for February 2002, 13 February.
Speech by Eddie George, Bank of England Governor
SPEECH - In the speech made Tuesday evening George said an unexpected jump in the UK's January inflation rate was probably "erratic" and forecast it would be around the Bank's 2.5 percent target in two year's time.
Speech by Villy Bergstrom of the Sveriges Riksbank
SPEECH - In the speech given 11 February Bergstrom said capital market regulation and the idea of a levy on speculative foreign exchange transactions, a "Tobin tax", may gain favour among politicians after a decade of currency crises.
Speech by Cathy Minehan, Boston Fed Bank President
SPEECH - In the speech given 11 February Minehan said that while there are good reasons to be optimistic a recovery is at hand or in progress, she cautioned that U.S. consumers, who have remained resilient throughout - will not be able to lift the US…
Speech by Tito Mboweni, Res Bank of South Africa
SPEECH - In the speech made 9 February Mboweni said there is a need for a mechanism to inject additional liquidity into the world economy during times of stress. He said that reform of the international financial system should also address the problem of…