Monetary Policy
Greenspan O'Neill to testify on financial literacy
US - Federal Reserve Chairman Alan Greenspan, Treasury Secretary Paul O'Neill, and Securities and Exchange Commission Chairman Harvey Pitt will testify in Congress early next month on efforts to promote financial literacy, the Senate Banking Committee…
Speech by Federal Reserve Governor Ed Gramlich
SPEECH - In the speech titled 'Predatory Lending' Gramlich said recent updates to the Federal Reserve's anti-predatory lending regulations tried to target especially harmful practices, rather than subprime lending in general.
Gramlich - Survey influenced new loan measures
US - Recent updates to the Federal Reserve's anti-predatory lending regulations tried to target especially harmful practices, rather than subprime lending in general, Federal Reserve Governor Edward Gramlich said Friday.
Speech by J Alfred Broaddus Richmond Fed President
SPEECH - In the speech 'Thoughts on the Economic Outlook for 2002' Broaddus said that the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Philadelphia Business Outlook Survey
REPORT - Federal Reserve Bank of Philadelphia, Business Outlook Survey, 17 January 2002.
Broaddus - Fed moves significant and help recovery
US - Richmond Federal Reserve Bank President Alfred Broaddus said Friday the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Bank of Japan Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan, Monetary Policy Meeting on 18, 19 December 2001.
Bank of Japan Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan, Monetary Policy Meeting on 29 November 2001.
A question of balance at the ECB
ARTICLE - Although the European Central Bank is independent and sets policy on a eurozone-wide basis, a huge effort is made to keep representation of the constituent nations in balance.
Pakistan to establish forex reserves system
PAKISTAN - The State Bank of Pakistan (SBP) is putting in place a forex reserves management system (FRMS) in order to earn maximum return for the country.
Urdu version of Pakistan Governor's book launched
PAKISTAN - Translated edition of the book, "Pakistan-The Economy of an Elitist State", written by the Governor State Bank of Pakistan, Dr Ishrat Hussain, was formally inaugurated on Friday at a local hotel.
IMF: Argentina may spark inflation with note print
ARGENTINA - IMF Deputy Managing Director Anne Krueger said that the Argentine authorities may spark inflation if they start printing money, and thus neutralise any other economic measure taken to overcome the country's financial crisis.
Speech by Deputy Governor, Reserve Bank of India
SPEECH - In the speech Shri G.P.Muniappan said that revisions to the BIS framework on capital adequacy, now being considered by an arm of the BIS, could mean a further increase in capital requirements for banks in emerging economies. Because banks in…
Argentines angry at peso conversion
ARGENTINA - Argentines have reacted with hostility to the government's announcement that all US dollar bank accounts will be turned into the local currency, the peso.
UK Tory chief: Euro tests are 'rubbish'
UK - United Kingdom Conservative Party leader Iain Duncan Smith has called on Tony Blair to hold an early referendum on the UK adopting the European single currency.
Speech by Dr Bimal Jalan, Reserve Bank of India
SPEECH - In the speech 'Corporate Governance and Financial Sector: Some Issues' Jalan said the RBI has been working on new accounting, auditing and disclosure standards. Work is also in progress in setting better internal auditing and better system of…
Speech by Reserve Bank of New Zealand governor
SPEECH - In the speech 'Inflation targeting 14 years on' Brash says that in New Zealand's experience he has little doubt that the adoption of inflation targeting helped to provide an anchor for monetary policy in New Zealand.
Central Banker of the Year
ARTICLE - The Banker magazine published in London has awarded Mugur Isarescu, Governor of the Central Bank of Romania the title, Central Banker of the Year. Three other governors from the Philippines, Chile and Botswana won regional titles.
Speech by Robert Parry of the San Francisco Fed
SPEECH - In the speech 'The Economy in 2002' Robert Parry said on Wednesday that recent mixed economic data are encouraging and a resumption of growth is possible this quarter - but it is too early to count on.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 18 January 2002.
Bank of Japan Monthly Report January 2002
REPORT - Bank of Japan Monthly Report of Recent Economic and Financial Developments, January 2002.
Research Papers from the Bank of Japan
RESEARCH - Monetary and Economic Studies (2002) by the Bank of Japan Institute for Monetary and Economic Studies, 18 January 2002.
Fed's Parry: US recovery could happen in Q1 2002
US - San Francisco Federal Reserve President Robert Parry said on Wednesday that he expects the U.S. economy to be growing again by the second quarter of this year, and possibly earlier.
ECB - Over 90% of banknotes now replaced by euro
GERMANY - The amount of euro banknotes in circulation has reached more than 90% of the estimated number needed to replace the national banknotes circulating in the euro zone in 2001, the European Central Bank said Friday.