Monetary Policy
Argentina central bank sees 11 bln pesos leaving
ARGENTINA - The central bank said it expects 11 bln pesos to be withdrawn from the Argentine financial system in the second half of 2002, daily newspaper Clarin reported.
Trichet urges 'ambitious' reforms in France
FRANCE - Jean-Claude Trichet, the governor of the Bank of France, yesterday threw his weight behind efforts to reshape the centralised French economy with a call for "ambitious structural reforms".
Portuguese central bank report delayed by enquiry
PORTUGAL - The Portuguese central bank has delayed its 2001 annual report on the economy, due out yesterday, Monday, until September to await the results of an enquiry into the public deficit, a Bank of Portugal source said.
Confidence boosted as Japan shows recovery signs
JAPAN - Japan's export-led economic recovery fuelled a record improvement in sentiment among large manufacturers in a survey of business confidence. However the survey also highlighted the risk to Japan's economic health from the yen's recent rise…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the meeting of 20 and 21 May, released 1 July.
Speech by Masaru Hayami, Bank of Japan, 1 July
SPEECH - In his opening speech to the Tenth International Conference held by the Institute for Monetary and Economic Studies, Hayami said he was convinced that with experts from all over the world exchanging their experiences and views, the conference…
Speech by T Padoa-Schioppa of the ECB, 29 June
SPEECH - In a speech titled 'The Euro Goes East' Padoa-Schioppa says the evidence suggests that the euro has smoothly and successfully replaced the legacy currencies, notably the DM, in the region to the east of the EU.
European Central Bank Press Release
PRESS RELEASE - Annual publication of the "Preliminary list of Monetary Financial Institutions in the accession countries" (with reference date as at the end of December 2001), 28 June.
International Monetary Fund News Brief
NEWS BRIEF - IMF's Kohler Welcomes Progress in Talks with Argentina, 28 June.
Speech by K Persson of Sveriges Riksbank, 1 July
SPEECH - Persson's speech titled 'On the verge of Eurosystem membership - challenges from a Swedish perspective' highlights how possible Swedish membership of Stage Three of EMU could affect the Swedish labour market and goes on to discuss the changes to…
Banco Central do Brasil Inflation Report June 2002
REPORT - Banco Central do Brasil, Brazil's central bank, has released it's Quarterly Inflation Report for June 2002.
Interview with Professor JK Galbraith
INTERVIEW - The UK's Independent newspaper published an interview with the 93 year old economist John Kenneth Galbraith on Monday. In the interview Galbraith describes the belief that central bank's can control the economy simply by tweaking interest…
Iran's central bank head speaks of investment need
IRAN - The governor of the Central Bank of Iran (CBI) Mohsen Nurbakhsh said on Saturday that given the successful and good performance of the industrial and mining sectors in the last two years, more investment should be made in the said sectors.
Central Bank of Ireland, Summer 2002 Bulletin
REPORT - The Central Bank of Ireland published on Friday its Quarterly Bulletin for Summer 2002. The report highlights that economic activity in Ireland seems to have picked up modestly from its nadir in the third quarter of last year.
Higher inflation 'all pain and no gain'
ARTICLE - "By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens" - JM Keynes. Leftists often look to Keynes. So what's Finance Minister Michael Cullen's game in his…
Hits and myths of Europe's new currency
ARTICLE - One industry lost out from the introduction of euro notes and coins six months ago: the doom-mongers, reports Monday's FT in London.
Study claims UK's 5 euro tests are already met
UK - The government's five economic tests for UK entry to the euro have already been met, according to a new academic study.
European Central Bank Publication
REPORT - Task force on portfolio investment collection systems, Final Report, June 2002.
Speech by Eduardo Aninat, Dep MD, IMF, 20 Jun
SPEECH - In a speech titled 'The Economic Foundations of Peace in Colombia' Aninat said it was his sincere hope that the new administration will be able to find ways to mobilize the multiple talents and goodwill of the Colombian people, and put the…
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve Board on Thursday released the minutes of its Federal Open Market Committee Meeting of 7 May 2002, released 27 June.
Speech by Svein Gjedrem of Norges Bank, 17 Jun
SPEECH - Gjedrem said in a speech titled 'The Norwegian economy and monetary policy' that the Norwegian economy displays a number of strong features. Government finances are solid and foreign trade is performing well. Household finances are generally…
Deutsche Bundesbank Monthly Report, May 2002
REPORT - Germany's central bank has released its Monthly Report for May 2002.
Japan's experience should warn central banks
LETTER - Letter published in the London Financial Times on 27 June from William Smyth.
Has the fourth euro entry test already been passed
UK - In all the coverage of Gordon Brown's Mansion House speech on Wednesday night, it went largely unnoticed that he had in effect declared that one of the five tests for euro entry had been passed. Friday's Financial Times picked up on the story.