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Meyer exits, search for Fed candidates gains pace
FEATURE - The departure of prize-winning economist Laurence Meyer from the Federal Reserve has given added urgency to the need to fill two empty seats on the board at a key juncture in the U.S. economy.
Andersen hires Volcker to restore confidence
US - Accounting giant Arthur Andersen, under attack for its auditing of Enron's finances, said Sunday it has tapped former Federal Reserve Board chairman Paul Volcker to help overhaul its business procedures.
Speech by Andrew Crockett, General Manager, BIS
SPEECH - The chief of the Basel-based Bank for International Settlements warned on Monday of growing divergence between what accountants and bank supervisors think is good practice, saying clashes were likely. The speech was titled 'Reflections on the…
Greenspan's maths skills honed on baseball
FEATURE - Even as a boy, the world's most powerful central banker avidly combed through statistics -- baseball statistics, that is.
ECB Press Conference - Questions and answers
PRESS CONFERENCE - A transcript of the questions and answers from Thursday's ECB press conference.
New ECB chief 'must be French'
EUROPE - The German government has said it is up to France to choose the successor to Wim Duisenberg as president of the European Central Bank (ECB).
G7 to discuss world recovery
CANADA - Efforts to end the world economic downturn and measures to lift the weak Japanese yen will be on the agenda when finance ministers and central bankers from the Group of Seven industrial nations meet in Ottawa, Canada.
How Much Should Central Banks Talk? A New Argument
FEATURE - The appropriate level of disclosure of central bank information is a subject that has attracted much debate. Although there is still disagreement on the matter, some sort of consensus does appear to have been reached.
Bank of Japan - Monetary Policy Meetings
NEWS RELEASE - Monetary Policy announcement from the Bank of Japan, 8 February.
Speech by Federal Reserve Governor Mark Olson
SPEECH - There are no widespread problems with banks' use of so-called special purpose vehicles - accounting moves aimed at taking risks off their balance sheets that have come under scrutiny recently, Federal Reserve governor Olson said on Thursday in a…
Speech by Federal Reserve Governor Mark Olson
SPEECH - "The Fed does not attempt to predict market changes, but I hope the process put in place by the Congress will allow financial institutions to adjust to market changes within certain notable bounds," Fed Governor Mark Olson said in a speech on…
Argentina to resume IMF talks
ARGENTINA - In a bid to convince the International Monetary Fund (IMF) to resume economic assistance to Argentina, economy minister, Jorge Remes Lenicov will on Tuesday visit Washington to present his package of economic measures.
BoE most transparent G7 central bank - economists
UK - The Bank of England is the most transparent central bank among the world's leading economies, according to a new ranking devised by two European economists.
China accord on how to oversee banks
CHINA - China yesterday, Wednesday, put to rest months of divisive debate on whether a separate supervisory body should be set up to oversee its banking system, deciding that a new bureau within the existing central bank would be sufficient to do the job…
UK aids Czech laundering fight
UK - Britain is advising the Czech Republic on drawing up anti-money-laundering legislation and improving its financial controls as part of a EU-funded programme to be launched in Prague today.
Eighteen months of agony for ECB hopeful Trichet
FEATURE - As Wim Duisenberg announces the date when he will step down Bank of France Governor Jean-Claude Trichet has 18 months to fulfil France's dream that he will take Duisenberg's seat as president of the European Central Bank, the most powerful…
Speech by Jamie Stewart of the New York Fed Bank
SPEECH - In the speech Stewart talks about shocks to the payments system resulting from 11 September. He calls the events 'unprecedented challenges to the operation of the payments system'.
Speech from the Reserve Bank of India
SPEECH - The speech was by Shri V.K.Sharma and titled 'Indian Banking of Tomorrow'. In the speech he said Indian banks have always proved their adaptability to change and I am sure it would be possible for them to mould themselves into agile and…
Testimony of US Treasury Secretary Paul O'Neill
TESTIMONY - Testimony of Treasury Secretary Paul O'Neill before the Senate Budget Committee, 7 February.
Dornbusch's Overshooting Model After 25 Years
RESEARCH - Second Annual IMF Research Conference, Mundell-Fleming Lecture, Kenneth Rogoff, Economic Counselor and Director of the IMF Research Department, 29 November 2001, (revised 22 January, 2002) released 7 February.
Bank of England - News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 7 February.
Eurozone interest rates unchanged
EUROPE - The European Central Bank (ECB) has left its key interest rate unchanged at 3.25%.