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Economic Chaos - Who's killing Argentina's Peso?

ARTICLE - Until recently, stable money and sound banking were the two pillars of an otherwise weak Argentine republic. As Argentina confronts its fourth year of recession and finds itself bankrupt, many are now blaming its monetary regime, which…

Singapore finalising licences for foreign banks

MALAYSIA - Singapore will announce the winners of the Qualifying Full Bank (QFB) and wholesale bank licences in the next few weeks, in a further move to open the domestic financial sector to foreign players, according to a report.

Thai bank supports action against ex-chief

THAILAND - Thailand's central bank has apparently endorsed plans to take punitive legal action against Rerngchai Marakanond, the institution's former governor, for exhausting the country's foreign exchange reserves to defend the baht against currency…

Irish government hold on c bank gov post must end

ARTICLE - It is likely the Government will appoint a new governor for the Central Bank of Ireland within the next few months. Although the incumbent, Mr Maurice O'Connell, was appointed to a second term earlier this year, it is understood that he will…

Banks deal with coin shortage in Australia

AUSTRALIA - Banks in some parts of Australia are experiencing coin shortages. The Reserve Bank of Australia (RBA), which recently implemented a new coin distribution system, blames the shortfall on teething problems with the new system.

Father of Latvian currency to resign

LATVIA - The father of Latvia's national currency will resign as head of the central bank on 30 November, but analysts and officials expect him to leave a legacy of stability and a well-run Bank of Latvia.

Thai central bank eases collateral rules

THAILAND - Central Bank rules had been eased to allow financial institutions to use internal appraisal for collateral of small-sized debtors, rather than external independent appraisal firms, Bank of Thailand assistant governor Thirachai…

Brazil faces tough task on reform

BRAZIL - Time is running out on the Brazilian government's efforts to garner support for key reforms as President Fernando Henrique Cardoso starts his final year in office.

SNB Roth - Franc strength likely to be temporary

AUSTRIA - The president of the Swiss National Bank, Jean-Pierre Roth, said Thursday that he expects the franc's current strength to be temporary, and made it clear that the Swiss monetary policy stance may deviate from that of the European Central Bank.

Speech by David Gruen of the RBA

SPEECH - Speech by David Gruen, Head of Economic Research at the Reserve Bank of Australia at the 2001 Comview Conference of the Victorian Commercial Teachers Association, Melbourne, 27 November.

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