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Testimony of Wim Duisenberg, ECB President
SPEECH - In his testimony to the European Parliament Duisenberg said that "the psychological impact of the cash changeover has given a great boost to the feeling of fraternisation" among Europeans, he said. "The public will start to exert pressure on…
ECB head predicts harmonisation call
EUROPE - Wim Duisenberg, European Central Bank president, yesterday forecast the introduction of euro notes and coins would lead to public demand for more harmonisation in the European Union, with particular focus on taxes.
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - In the speech titled 'Great Expectations: Monetary Policy in Today's Economy' Santomero said the U.S. Federal Reserve has room to cut interest rates further from their already rock-bottom level if need be.
The yen's fundamental weakness
FEATURE - The currency's depreciation stems not from government policy but the state of the economy says Haruhiko Kuroda, Japan's viceminister of finance for international affairs.
Afghan banker picks up pieces of a ruined system
FEATURE - Abdul Qadir Fitrat, possibly the world's youngest central bank governor at 38, has just taken up perhaps the world's most hair-raising central bank challenge - restoring Afghanistan's ruined financial system.
Reform of EU securities rules moves a step closer
EUROPE - The European parliament yesterday took a decisive step towards acceptance of the Lamfalussy plan for speeding the reform of European Union securities market regulation.
IMF Press Release
PRESS RELEASE - IMF, World Bank Conclude Joint Poverty Reduction Strategy Conference, 18 January.
Allsopp - ECB should have stable growth aim
UK - Maintaining a stable rate of economic growth should be given a clearer role in the policy framework of the European Central Bank, a senior Bank of England official said on Wednesday.
Speech by Christopher Allsopp of Bank of England
SPEECH - Charles Allsopp said in the speech that maintaining a stable rate of economic growth should be given a clearer role in the policy framework of the European Central Bank and that greater symmetry in inflation targetting had worked well in Britain…
Speech by Eddie George, Bank of England Governor
SPEECH - In the speech George said that while an increasingly global economy served to boost living standards worldwide the fact that many poorer nations had unequal access to free markets meant more must be done to help them through the careful…
Duisenberg - No need to change ECB team yet
ITALY - European Central Bank Governor Wim Duisenberg said in remarks published on Wednesday it was unlikely he would complete his full term as the head of the bank but said the management team should not be changed yet.
RBA appoints new assistant governor economic
AUSTRALIA - The Reserve Bank today announced the appointment of Dr Malcolm Edey as assistant governor (economic).
Singapore's MAS to issue currency notes, coins
SINGAPORE - The Monetary Authority of Singapore (MAS) will expand its responsibilities to include the issuance of currency notes and coins from March next year, officials said Wednesday.
Bank chiefs unanimous on rate freeze
UK - Bank of England gurus in charge of setting interest rates voted unanimously in favour of a rate freeze this month.
Speech by Governor of the State Bank of Pakistan
SPEECH - In the speech by Ishrat Hussain he said that the economic policy makers have identified SME as one of the priority drivers of economic growth and employment in the country.
Speech by Dr Bimal Jalan, Reserve Bank of India
SPEECH - In the speech 'Indian Banking and Finance: Managing New Challenges' Bimal Jalan said that uncertainty over the economic situation was likely to continue for the next six to nine months, but India is likely to show one of the highest rates of…
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.