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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.
BSP chief started out as a credit investigator
FEATURE - It is hard to imagine how today's business icons once lugged heavy books to sell, worked at the school canteen, sold pens and paper.
Pakistan to establish forex reserves system
PAKISTAN - The State Bank of Pakistan (SBP) is putting in place a forex reserves management system (FRMS) in order to earn maximum return for the country.
Government seeks new amendment on BI law
INDONESIA - The government has resumed talks with legislators on the long suspended amendment of the central bank law, expanding the scope of discussion from Bank Indonesia's accountability to the entire law if need be, a legislator said.
A question of balance at the ECB
ARTICLE - Although the European Central Bank is independent and sets policy on a eurozone-wide basis, a huge effort is made to keep representation of the constituent nations in balance.
Bank of Japan Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan, Monetary Policy Meeting on 29 November 2001.
Bank of Japan Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan, Monetary Policy Meeting on 18, 19 December 2001.
Broaddus - Fed moves significant and help recovery
US - Richmond Federal Reserve Bank President Alfred Broaddus said Friday the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Philadelphia Business Outlook Survey
REPORT - Federal Reserve Bank of Philadelphia, Business Outlook Survey, 17 January 2002.