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China mulls boosting euro reserves
CHINA - Just as the initial euphoria from the introduction of notes and coins wears off, the euro has received a boost from news that China could be buying more euros to reduce its reliance on the dollar.
Japan seeks support for bank rescue
JAPAN - Japanese finance minister Heizo Takenaka is on his way to Washington in a bid to enlist US support for bailing out Japan's top banks, many of which are burdened by a mountain of bad debt.
Cautious reaction to peso devaluation
ARGENTINA - The Argentine people have reacted cautiously to their new government's decision to devalue the peso and end 10 years of parity with the US dollar in a dramatic bid to save the collapsing economy.
ECB Press Conference
PRESS CONFERENCE - Introductory statement by Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Frankfurt am Main, 3 January 2002.
Joint Press Conference on the euro introduction
PRESS CONFERENCE - Joint press conference given by the EU Presidency, the European Central Bank, and the European Commission on the introduction of the euro banknotes and coins, Frankfurt am Main, 3 January 2002.
Speech by Wim Duisenberg, President of the ECB
SPEECH - Keynote address by Dr. Willem F. Duisenberg, President of the European Central Bank, at an awards ceremony and press conference held on the eve of the introduction of the euro banknotes and coins, Frankfurt am Main, 31 December 2001.
Speech by Dino Kos of the Reserve Bank of New York
SPEECH - Remarks by Dino Kos, Executive Vice President, Federal Reserve Bank of New York before the Bond Market Association, Repo and Securities Lending Conference, Roosevelt Hotel, New York, 6 December 2001.
Speech by Kazuo Ueda of the Bank of Japan
SPEECH/ PAPER - A paper based on a speech given by Kazuo Ueda, Member of the Policy Board of the Bank of Japan, at the semi-annual meeting of the Japan Society of Monetary Economics on 29 September 2001. Previously this was only available in Japanese…
Speech by Anne Krueger of the IMF
SPEECH - Address by Anne Krueger, First Deputy Managing Director, International Monetary Fund, given at the Indian Council for Research on International Economic Relations, Delhi, India, 20 December.
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Speech by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas before the Breakfast Plenary of the Team Canada West Mission to Dallas, Dallas, 28 November.
Rojo: Keynesian policies are no longer an option
SPAIN - Perhaps the most influential economist in Spain in recent times, Luis Angel Rojo has devoting most of his professional career to servicing the Spanish economy in the country's central bank, the Bank of Spain. In an interview with El Pais…
Argentina's route to salvation
ARGENTINA - A competitive exchange rate, a more open economy and sound banks should be the priorities, says Ricardo Haussmann professor of economic development at Harvard in Todays's Financial Times.
Bank of Finland finds faulty 500-euro notes
FINLAND- The Bank of Finland said on Friday it had found some flawed 500-euro banknotes and said more defective notes could be in circulation.
UK Interest rates may have to rise: George
UK: The Governor of the Bank of England last night warned that interest rates might have to be raised to moderate consumer demand.
Swedish central banker backs IMF bankruptcy plan
SWEDEN - An IMF plan for an international bankruptcy procedure could help financially troubled nations restructure their debt in an orderly manner and avoid the chaotic scenes witnessed in Argentina, says Riksbank's Heikensten.
Sri Lanka central bank to cut staff by one-third
SRI LANKA - Sri Lanka's central bank said on Thursday it was shedding one-third of its staff under a restructuring scheme funded by the World Bank.
Polish government demands rate cut
POLAND - The Polish government will take its demand for a cut in interest rates directly to the central bank's rate-setting monetary policy council by January 12th, said government spokesman Michal Tober following a cabinet meeting on Wednesday.
Bank of Israel head rules out intervention
ISRAEL - Despite the shekel's weakening to a record low against the dollar, Bank of Israel Governor David Klein said the central bank would not intervene in the foreign currency market.
ECB interest rates unchanged
GERMANY - As widely expected the European Central Bank left interest rates unchanged with officials largely focused this week on the launch of euro notes and coins.
Argentina to unveil new economic plan on Friday
ARGENTINA - Congressman Jorge Remes Lenicov will be sworn in Thursday as Argentina's new economy minister and on Friday he will unveil a new series of economic measures, Buenos Aires Governor Carlos Ruckauf confirmed in an interview.
Central Bank Independence in Latin America
Legal Central Bank Independence and Inflation in Latin America During the 1990s by Jacome H., Luis I ; an IMF Working Paper.
How to Dollarize in Argentina
‘How to Dollarize in Argentina’ by Kurt Schuler and Steve H Hanke. As the policies of the Argentine government are at a dead end and the peso is widely distrusted, Schuler and Hanke present their proposals for dollarization.