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Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England Monetary Policy Committee Meeting held on 9 and 10 January 2002. Release date 23 January 2002.
BIS research papers
RESEARCH - Research from the BIS 'Comparing monetary policy operating procedures across the United States, Japan and the euro area', Monetary and Economic Department, Bank for International Settlements, December 2001.
The Inflation Forecast and the Loss Function
RESEARCH - A new paper by Lars E.O Svensson, Princeton University, CEPR and NBER, December 2001.
Greenspan O'Neill to testify on financial literacy
US - Federal Reserve Chairman Alan Greenspan, Treasury Secretary Paul O'Neill, and Securities and Exchange Commission Chairman Harvey Pitt will testify in Congress early next month on efforts to promote financial literacy, the Senate Banking Committee…
Argentina to ban purchase of dollars with cheques
ARGENTINA - Central Bank Director Aldo Pignanelli said that the bank will not be allowed from tomorrow to accept payment by cheque for the dollars they sell.
Gerashchenko may stay in office for another term
RUSSIA - Viktor Gerashchenko is ready to head the Central Bank of Russia for another term in office. He announced this position talking with reporters.
CBR hopes to prevent central bank law amendments
RUSSIA - The Central Bank of Russia will make every effort to prevent amendments to the law on the Central Bank, approved by State Duma profile committees, from being passed by the Duma in a second reading.
Argentina rush to contain rage over bank deposits
ARGENTINA - Argentina's new government rushed on Monday to soothe public rage over its decision to drastically reduce the dollar value of bank deposits, saying it was studying measures to ease the pain.
Slovak FinMin Schmognerova sacked by her SDL party
SLOVAKIA - The Slovak ruling coalition SDL party said on Monday it would replace a key government reformist, Finance Minister Brigita Schmognerova, with a little-known central bank economist, Frantisek Hajnovic.
Basel Committee Publications - New paper
RESEARCH - The relationship between banking supervisors and banks' external auditors, Basel Committee Publications No. 87, January 2002.
Basel Committee on Banking Supervision
PRESS RELEASE - New Basel Committee paper explores roles of auditors and bank supervisors, 21 January 2002.
Speech by Governor of the State Bank of Pakistan
SPEECH - In the speech Ishrat Hussain said there are so many challenges ahead and "we have a lot more to do, and as events unfold in 2002, I'm sure the President and the elected government will make decisions that best suits Pakistan.
Regional Economy Newsletter Winter 2002
RESEARCH - The Winter 2002 Regional Economy Newsletter for upstate New York has been issued by the Federal Reserve Bank of New York.
US comments push down on yen
US - Mixed messages from the US administration have helped Japan's currency touch new lows.
Bank of England official: 'Leave pound alone'
UK - A senior Bank of England official has warned against artificially reducing the value of the pound.
Speech by John Townend of the Bank of England
SPEECH - In the speech Townend acknowledged that "the sterling exchange rate is clearly overvalued, at least against the euro". But he went on to insist that a fall in its value would create inflationary pressures.
Speech by Jack Guynn President of the Atlanta Fed
SPEECH - In the speech titled 'The Economic Outlook for 2002' Jack Guynn said he was closely watching corporate profits for signals of a turnaround in the U.S. economy.
Fed's Moskow says sees no U.S. deflation threat
US - Chicago Federal Reserve President Michael Moskow said on Friday that he did not see a near-term threat to the U.S. economy from deflation, although prices for some goods have been declining.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - In the speech titled 'Economic Trends 2002' Moskow said that he did not see a near-term threat to the U.S. economy from deflation, although prices for some goods have been declining. "I don't see deflation as a threat to our economy on the near…
UK Tory chief: Euro tests are 'rubbish'
UK - United Kingdom Conservative Party leader Iain Duncan Smith has called on Tony Blair to hold an early referendum on the UK adopting the European single currency.
Argentines angry at peso conversion
ARGENTINA - Argentines have reacted with hostility to the government's announcement that all US dollar bank accounts will be turned into the local currency, the peso.
Speech by Deputy Governor, Reserve Bank of India
SPEECH - In the speech Shri G.P.Muniappan said that revisions to the BIS framework on capital adequacy, now being considered by an arm of the BIS, could mean a further increase in capital requirements for banks in emerging economies. Because banks in…
IMF: Argentina may spark inflation with note print
ARGENTINA - IMF Deputy Managing Director Anne Krueger said that the Argentine authorities may spark inflation if they start printing money, and thus neutralise any other economic measure taken to overcome the country's financial crisis.
Urdu version of Pakistan Governor's book launched
PAKISTAN - Translated edition of the book, "Pakistan-The Economy of an Elitist State", written by the Governor State Bank of Pakistan, Dr Ishrat Hussain, was formally inaugurated on Friday at a local hotel.