Monetary Policy
Dodge refuses to rule out common currency
CANADA - David Dodge, the Governor of the Bank of Canada, Tuesday, refused to rule out the possibility that Canada and the United States could share a common currency some day, though he said a number of tough conditions would have to be met first.
Bank of Canada - Press Release
PRESS RELEASE - Bank of Canada Governor reviews success of inflation targets, 29 January.
Federal Reserve Press Release, 30 January
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-3/4 percent.
Speech by David Carse of the HKMA
SPEECH - In the speech made Thursday and titled '2001 End-Year Review and Prospects and Priorities for 2002' Carse said the challenging operating environment last year will have put pressure on the earnings of Hong Kong banks.
Globalisation forum kicks off
US - More than 3,000 of the world's movers and shakers are kicking off the World Economic Forum in the unaccustomed surroundings of bustling New York City.
Court backs probe that hurts ECB hopeful Trichet
FRANCE - A French court refused on Thursday to scrap a banking scandal inquiry that is hurting Paris's hopes of making Bank of France Governor Jean-Claude Trichet president of the European Central Bank, a lawcourts official said.
Russian Ctrl Bk reserves $36.2B 25 January
RUSSIA - The Russian central bank said Thursday that its level of foreign-exchange and gold reserves dropped $300 million to $36.2 billion, in the week to 25 January.
ECB and BoE - distinguishing features
UK - Analysts often laud the speed of the Fed's response times, like the BoE's, to changes in the business climate, while they decry the supposed "slowness" and unpredictable nature of the ECB.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - In his speech titled 'Working for a Better Globalization' Kohler urged Argentine authorities to develop a comprehensive and coherent economic strategy that the lender can back with loans.
IMF's Koehler urges coherent plan from Argentina
US - The head of the International Monetary Fund (IMF) on Monday urged Argentine authorities to develop a comprehensive and coherent economic strategy that the lender can back with loans.
Speech by Dr Y.V. Reddy of Reserve Bank of India
SPEECH - In the speech titled 'Parameters of Monetary Policy in India' Reddy said the central bank might consider a package of measures announcing a one-time reduction in the CRR to three percent, to expedite development of markets, accompanied by…
Speech by David Dodge, Governor of Bank of Canada
SPEECH - Dodge said in the speech titled 'Challenges and Changes in an Eventful Year' that an unhelpful depreciation of the Canadian dollar over recent weeks did not reflect the encouraging signs of a pickup in the economy and that the exchange rate was…
Press Release from the Bank of Canada
PRESS RELEASE - Bank of Canada Governor reviews key developments of last year, 28 January.
US economy shows unexpected strength
US - The US economy grew 0.2% in the last three months of 2001, official data has shown.
Finance and Economics Discussion Series
RESEARCH - Federal Reserve Finance and Economics Discussion Series, Monetary Policy Rules and the Great Inflation by Athanasios Orphanides, January 2002.
Peru's central bank moves to inflation targeting
PERU - Peru's central bank has made inflation targeting its main tool for signalling the direction of monetary policy, Central Reserve Bank of Peru President Richard Webb said Tuesday.
Reserve Bank of Australia - Media Release
MEDIA RELEASE - Senior Management Changes, 29 January.
Speech by Masaru Hayami, Governor, Bank of Japan
SPEECH - In the speech titled 'Toward Revitalization of Japan's Economy' Hayami said it was neither possible nor desirable for Japan to try manipulating foreign exchange rates, maintaining that a weaker yen was no solution to its economic woes.
Hayami says weak yen no solution to Japan's woes
JAPAN - Bank of Japan Governor Masaru Hayami said on Tuesday it was neither possible nor desirable for Japan to try manipulating foreign exchange rates, maintaining that a weaker yen was no solution to its economic woes.
Speech by Stanley Fischer of the IMF
SPEECH - In his speech titled 'Breaking Out of the Third World: India's Economic Imperative' Fischer said the Indian monetary policy of not trying to peg a particular value for the rupee was good economics and that all the eight countries which…
Fischer suggests managed floating currency system
INDIA - The Indian monetary policy of not trying to peg a particular value for the rupee was good economics, Stanley Fischer said here today. The former first deputy managing director of the International Monetary Fund was speaking at a seminar organised…
Testimony of Richard Spillenkothen of the Fed
TESTIMONY - In his testimony titled 'Antiterrorism initiatives' Spillenkothen said that the Federal Reserve has a significant commitment to the bank regulatory community's anti-money laundering and anti-terrorism mission and that we will continue our…
Chicago Fed Letter, February 2002
REPORT - According to research in the latest Chicago Fed Letter, improvements in average worker skill levels have slowed and are likely to continue to slow the rest of this decade, which could negatively impact U.S. productivity growth in years to come.
IMF News Brief, 28 January
NEWS BRIEF - IMF, World Bank and IDB Working Closely to Help Argentina.