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Central Banker of the Year
ARTICLE - The Banker magazine published in London has awarded Mugur Isarescu, Governor of the Central Bank of Romania the title, Central Banker of the Year. Three other governors from the Philippines, Chile and Botswana won regional titles.
Speech by Reserve Bank of New Zealand governor
SPEECH - In the speech 'Inflation targeting 14 years on' Brash says that in New Zealand's experience he has little doubt that the adoption of inflation targeting helped to provide an anchor for monetary policy in New Zealand.
Speech by Dr Bimal Jalan, Reserve Bank of India
SPEECH - In the speech 'Corporate Governance and Financial Sector: Some Issues' Jalan said the RBI has been working on new accounting, auditing and disclosure standards. Work is also in progress in setting better internal auditing and better system of…
Fed's Meyer - A little inflation better than none
US - Outgoing Federal Reserve Governor Laurence Meyer said on Wednesday that the U.S. central bank's commitment to price stability should not be taken as a goal to eliminate inflation entirely.
Fed's Ferguson sees economic rebound
US - The US economy is likely to rebound "before too long" given the stimulative impact of Federal Reserve rate cuts and the natural dynamics of the economy, said Roger Ferguson, the vice chairman of the Federal Reserve Board.
Russia cancels export duty on gold
RUSSIA - The Russian government issued a resolution on 14 January abolishing a 5% export duty on gold, said a government source.
Role of Taiwan's financial regulators to change
TAIWAN - Amid all the recent talk of possible consolidation in Taiwan's financial sector, relatively little attention has focused on what could prove the most important merger of all: that of the island's regulators.
Beige book says US econ weak but shows improvement
US - The US economy started the new year on a weak note, although some scattered signs of improvement emerged, the Federal Reserve Beige Book survey has said.
Central bank chief warns on Russian reforms
RUSSIA - Russia's central bank president has cautioned against accelerating liberal economic reforms, saying it could undermine efforts to repay debt.
Bank of England in legal action
UK - The Bank of England faces legal action by a mother who returned from maternity leave and was sacked for rejecting changes to its benefits package that made employees worse off, said Unifi, the banking and finance union.
Germany on brink of recession
GERMANY - The German economy is teetering on the brink of official recession, officials have said, after figures showed growth in 2001 slowing to its lowest level for eight years.
Let pounds and euros compete
ARTICLE - For well over a decade there has been a ceaseless political battle over whether Britain ought to join the euro. The introduction of euro notes and coins at the beginning of this year has raised the decibel level of the controversy but has not…
Argentine central bank chief Maccarone resigns
ARGENTINA - Argentina's central bank president, Roque Maccarone, criticised for his handling of government banking regulations, has resigned.
Drachmas to euro, money exhibit opens at NY Fed
ARTICLE - The Federal Reserve is hoping that the power of money will lure visitors to a lower Manhattan exhibit at a time when other downtown museums are having trouble.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Dallas and based on information collected before January 9, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Stamp of approval
ARTICLE - So just why has DeAnne Julius, the American former member of the Bank of England's monetary policy committee, taken out dual UK nationality? City types point darkly to a Bank of England connection.
Speech by Roger Ferguson of the Federal Reserve
SPEECH - In the speech Ferguson says that the U.S. economy should rebound from recession relatively soon but it is difficult to gauge how vigorous the bounceback will be.
Speech by Laurence Meyer of the Federal Reserve
SPEECH - This speech 'Rules and discretion' focuses specifically on how the study of rules can be helpful in informing discretionary policy decisions. Laurence Meyer's term at the Fed is due to finish at the end of January 2002.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - In the speech 'The history of money' Alan Greenspan praises central bankers' success in containing inflation during the past two decades and raises hopes that fiat money can be managed in a responsible way. This has been the case in the United…
China's bank chief criticises low value of yen
CHINA - The governor of China's central bank offered an unambiguous criticism on Tuesday of the Japanese yen's recent depreciation, saying it was putting pressure on the Chinese currency and would bring no good to Japan or the rest of Asia.
Sterling may not have to enter ERM to join euro
UK - Brussels has smoothed the path to British entry to the euro, by suggesting that sterling might not have first to rejoin the Exchange Rate Mechanism for two years.
BOE gold auction fifth of six planned auctions
UK - The Bank of England Wednesday auctioned 20.0 metric tons of gold, or 643,200 ounces, at an allotment price of $283.50 per troy ounce.
India RBI - Easier liquidity policy boosts econ
INDIA - The Reserve Bank of India Deputy Governor Y.V. Reddy said Wednesday that the bank will continue to follow its easier liquidity policy to boost the economy.
SocGen halt processing of checks from Israel banks
FRANCE - French bank Societe Generale SA (F.SGF) said Wednesday it has stopped accepting checks from its correspondent banks in Israel for a temporary period of two months amid the furore over an alleged money-laundering ring.