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ECB chief: Prices safe from euro launch
EUROPE - Fears of rising prices across Europe as retailers cash in on the change to the euro have been confounded, according to the head of the European Central Bank.
IMF chief calls for open markets
US - The head of the International Monetary Fund (IMF) has blasted the US, the European Union and Japan for continuing to aid farmers and manufacturers within their countries at the expense of poor nations.
Argentina's president calls for unity
ARGENTINA - Argentina's President, Eduardo Duhalde, has called for an "historic national dialogue" to take the country out of the worst economic crisis of its history.
International bankruptcy scheme 'easy to set up'
UK - An international bankruptcy procedure for governments could be set up quickly and easily while protecting key public services from creditors, according to a report from a leading campaign group.
Bahrain host meeting of Islamic money market group
BAHRAIN - Board members of the planned International Islamic Financial Market are to hold their first meeting in Bahrain on Tuesday to discuss steps to set up the market, Bahrain's central bank said on Monday.
Vice governor appointed to Slovak central bank
SLOVAKIA - Tatra Banka board member Ivan Sramko was appointed a new central bank (NBS) vice-governor by Slovak President Rudolf Schuster in Bratislava on Friday.
Euros become majority currency in Ireland
IRELAND - The amount of euros in circulation has for the first time surpassed the amount of pounds in circulation, according to latest figures from the Central Bank of Ireland. At close of business on Thursday, the Central Bank had issued 148 million…
Reserve Bank liberalises money changing in India
INDIA - The central Indian bank, the Reserve Bank of India (RBI), has liberalised money changing facilities.
Gov't intends changes to Poland's MPC and c bank
POLAND - Poland's ruling coalition, a tripartite of social democrats, agrarians and labor, followed a Wednesday no-decision from Poland's Monetary Policy Council on rates with plans to force monetary loosening on the Council through legislation.
Pakistan central bank governor announces new plan
PAKISTAN - As of 1 July, 2002, all non-banking financial services in Pakistan, such as investment and corporate advisory service; leasing, housing finance and venture capital companies and discount houses, will be regulated by the Securities and Exchange…
Greenspan sees risks in path to recovery
US - In his first speech on the economy in months, Federal Reserve Chairman Alan Greenspan sounded considerably more cautious about recovery prospects than private forecasters and even fellow Fed policy makers.
Minehan - Data suggest slowdown bottoming out
US - Federal Reserve Bank of Boston President Cathy Minehan said Friday that the U.S. economy slowdown appears to be reaching its end and that recovery may be in sight.
Argentina lashes out at IMF
ARGENTINA - The interim government in Argentina has criticised the International Monetary Fund and asked it to let them get on with trying to dig the country out of its economic crisis.
Speech by Eva Srejber of Sveriges Riksbank
SPEECH - Speech by Second Deputy Governor of the Sveriges Riksbank Eva Srejber at the Annual meeting of the Swedish Association of Municipal Housing Companies (SABO), 8 January 2002.
IMF Press Briefing on Argentina
PRESS BRIEFING - Transcript of a Press Briefing (Teleconference) on Argentina given by Anne O. Krueger, First Deputy Managing Director, International Monetary Fund, Washington, D.C. 11 January 2002.
IMF Working Paper Series
RESEARCH - A Model of the Joint Distribution of Banking and Exchange-Rate Crises by Robert Flood and Nancy Marion of the Research Department of the International Monetary Fund, 10 January 2002.
Speech by Cathy Minehan, Boston Fed Bank President
SPEECH - In this speech Cathy Minehan says that "The American economy has had to absorb some extraordinary shocks over the past year or more. It has done so in remarkable fashion, even in the wake of the tragedy of September 11".
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - In the speech given 11 January 'The Economy' Greenspan said that the economy still faced "significant risks in the near term", even though there are signs of the downturn beginning to bottom out. He also said that despite encouraging signs, it…
Speech by William Poole of the St. Louis Fed Bank
SPEECH - In the speech given 11 January 'What is Happening in the U.S. Economy?' Poole gave little direct insight into the Fed's intentions regarding interest rates. The Fed "is ready to act when required" and "ready to do nothing, when required," he…
Canada to host G-7 meeting 8 February
CANADA - Group of Seven finance ministers and central bank governors will meet in Ottawa in February to discuss the state of the global economy, Minister of Finance Paul Martin announced Thursday.
Bk of Israel say lawmakers try to politicise them
ISRAEL - Bank of Israel Governor David Klein accused legislators Thursday of trying to politicise the central bank with a bill that would water down his authority in setting interest rates.
Potmesil might become CNB Board member - Report
CZECH REP - Deputy Finance Minister Tomas Potmesil might become a hot candidate for the post of a member of the Czech National Bank (CNB) Board if President Vaclav Havel does not renew the mandate of CNB vice-governor Ludek Niedermayer, daily Pravo says…
Poole - Job losses can rise after recovery starts
US - Recent economic data suggest that the U.S. economy has already seen the worst of the current recession, though the data show little sign about the timing and strength of an economic recovery, Federal Reserve Bank of St. Louis President William Poole…
Reserves up by $200m
RUSSIA - Russia's gold and foreign exchange reserves rose by $200 million to $36.7b in the week to 4 January 2002, up from $36.5b on 28 December 2001.