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Bank of Canada Review Autumn 2001
RESEARCH - Predictability of Average Inflation over Long Time Horizons by Allan Crawford. Short summary.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Address by Horst Kohler, Managing Director, International Monetary Fund, St. Michael, Barbados, 5 November.
Speech by Deputy Governor, Reserve Bank of India
SPEECH - Inaugural address by Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India at the Conference of CMDs of Public Sector Banks at IDRBT, Hyderabad on 2 November.
Ten nations on track to join EU
EUROPE - European Commission officials yesterday said they saw no reason why up to 10 countries could not be ready to join the European Union by 2004.
Argentine ctrl bk moves to fight drop in deposits
ARGENTINA - Argentina's central bank will order local banks to repatriate $1.9 billion of the loan loss reserve funds they have deposited in a Deutschebank account in New York City to inject more funds into the nation's money markets and keep interest…
DNB cool on its own watchdog plans
NETHERLANDS - Dutch central bank DNB president Nout Wellink is less than enthusiastic about his own controversial plan for new watchdogs for the financial sector, according to an internal document leaked to Het Financieele Dagblad.
ECB's Padoa Schioppa sees no more cuts now
ITALY - Tommaso Padoa Schioppa, a member of the European Central Bank's council, said he doesn't see the euro-zone central bank cutting interest rates again in the foreseeable future, according to an interview with La Repubblica Saturday.
SNB sold 7.7 tons gold in 10-day period to 9 Nov
SWITZERLAND - The Swiss National Bank said Monday its gold reserves fell CHF116 million to CHF33.79 billion in the 10-day reporting period to 9 November.
EU: G10 ctrl bks see 2002 econ recovery
SWITZERLAND - "Uncertainty," according to Bank of England Governor Eddie George, was the most frequently used word Monday by the central bank heads of the Group of 10 nations in discussing the prospects for the world economy.
Japan's economy set for biggest decline in 20 year
JAPAN - The Japanese economy is set for its most dramatic decline in at least 20 years, the government has admitted.
Academics: Trust in Greenspan led to stock crash
ARTICLE - Investor confidence in the 'superhuman' ability of Fed chairman Alan Greenspan to shelter the stock market contributed to its over-valuation and eventual crash, economists argued in an academic paper out this week.
Speech by John Odling-Smee of the IMF
SPEECH - Speech by John Odling-Smee, Director, European II Department, IMF, given at the Belarusian Academy of Management, Minsk, 6 November.
IMF: South Korea's upgrade
SOUTH KOREA- Ajai Chopra, the IMF's assistant director for Asia and the Pacific said the sovereign rating upgrade for South Korea by Standard & Poor's Corp. Tuesday was "entirely deserved".
Australia's 'empty' economic agenda
AUSTRALIA - On its first working day after its re-election at the weekend, Australia's government was handed an upbeat assessment of the economy from the central bank, after a campaign that lacked almost any debate on the issue.
George: Cen banks have more ammo to fuel growth
SWITZERLAND - The global economy will take longer to rebound than expected just before the 11 September attacks on the United States, Bank of England Governor Sir Edward George said on Monday.
Russian central bank gold deal with private bank
RUSSIA - Alfa Bank plans this year to buy nearly 30 tonnes of gold and 200 tonnes of silver, a bank source said.
Hayami: No talk of monetary policy at econ council
JAPAN - Bank of Japan Governor Masaru Hayami said after a meeting of the government's Council on Economic and Fiscal Policy on Friday that the council did not discuss monetary policy.
Brazil c bank mulls use of derivatives on forex
BRAZIL - Brazil's central bank is considering the use of derivatives to intervene on the foreign-exchange market as of May 2002, daily O Estado de S. Paulo said Thursday.
Czech nat bank critical of gov't pressure on rates
CZECH REPUBLIC - Czech National Bank Governor Zdenek Tuma Thursday criticised Prime Minister Milos Zeman and Finance Minister Jiri Rusnok for publicly urging the central bank to cut interest rates in recent weeks.
KPMG will conduct financial audit in Armenia
ARMENIA - The international auditing company of KPMG-Armenia will conduct a financial audit of RA Central Bank for 2001. The decision was passed at the today's sitting of RA Central Bank's Board, according to the information center of CBA.
Central bank appointment gets warm welcome
EGYPT - Cairo bankers have reacted positively to the appointment of Mahmoud Abul-Ayoun to the post of governor of the Central Bank of Egypt.
IMF and World Bank joint statement
STATEMENT - IMF and World Bank Heads Call for a New Round of Multilateral Trade Negotiations at Doha, Koehler and Wolfensohn urge Ministers to put developing countries at the center of the agenda.
Monetary policy report from the RBA
REPORT - Statement on Monetary Policy from the Reserve Bank of Australia, November 2001.
CentralBankNet's Monday Morning Comment
SPECIAL FEATURE - The ECB's 0.5% cut still leaves it with a credibility gap.