Central Banking staff
Follow Central Banking
Articles by Central Banking staff
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.
Speech by Tommaso Padoa-Schioppa of the ECB
SPEECH - This speech is only available to read in Italian - 12 settembre: Il mondo non e' al punto zero, Lezione di Tommaso Padoa-Schioppa, Universita di Padova, 26 Ottobre 2001.
Inflation no longer a threat to eurozone
EUROPE - Wim Duisenberg, president of the European Central Bank, said yesterday, Thursday, the bank's decision to cut interest rates by 50 basis points to 3.25 per cent reflected both a need to prop up battered confidence, and the bank's belief that…
Blow to Argentina debt plan
ARGENTINA - The prospects of Argentina defaulting on its overseas debt have grown after opposition-led provinces voted against a new austerity plan.
Security hole in cash machines
UK - A serious weakness has been discovered in the methods used by banks to protect the personal identification number (Pin) that lets you get money from a cash machine.
Bleak outlook for Asian growth
ASIA - The era of the "Asian Tigers" is over, at least for the next 12 months, as economic growth in Asia slows sharply in the wake of 11 September.
Japanese politicians lock swords over bank reforms
ARTICLE - The outcome of a tussle within the LDP on changes to the insurance system will be a key test for Tokyo.
Risk Management Practices and Regulatory Capital
REPORT - The Joint Forum Risk Management Practices and Regulatory Capital Cross-Sectoral Comparison, November 2001.