Monetary Policy
Bank of England Working Paper Series
RESEARCH - Bank of England Working Paper by Nicoletta Batini, Richard Harrison and Stephen P Millard. 'Monetary policy rules for an open economy'.
Fed Ferguson - Timing of recovery still uncertain
US - US Federal Reserve Vice Chairman Roger Ferguson said US data had moved to be more mixed than negative but it was too early to pinpoint the timing of an economic recovery.
Federal Reserve Press Release
PRESS RELEASE - 3 January 2002. Susan Schmidt Bies and Mark W. Olson were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday in the atrium of the Board's main building in Washington.
Ukraine's monetary policy will toughen in 2002
UKRAINE - Chairman of the board of governors of the National Bank of Ukraine Anatoly Halchynsky warned on 4 January against overly optimism with regard to the 6.1% inflation rate for 2001, stressing that, given the present conditions in Ukraine, the NBU…
Ireland's euro transition outpaces EU
IRELAND - Ireland is outpacing other euro-zone countries in the euro changeover with the number of Irish pounds in circulation falling almost twice as fast as other national currencies, reports an Irish newspaper.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 9 January 2002.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 8 January 2002.
Speech by David Dodge of Bank of Canada
SPEECH - In the speech titled 'Inflation Targeting in Canada: Experience and Lessons' Dodge said that he still expects the Canadian economy to improve by the second half of 2002 and that the Canadian economy may actually have grown in the fourth quarter…
Canada economy on track for recovery - BOC's Dodge
CANADA - Bank of Canada Governor David Dodge said on Saturday he still expects the Canadian economy to improve by the second half of 2002.
End of year speeches from the Swiss National Bank
SPEECH - Introductory remarks from Jean-Pierre Roth, Bruno Gehrig and Niklaus Blattner at the Swiss National Bank end-of-year Media News Conference, Zurich, Switzerland, 7 December 2001.
IMF Working Paper on Central Bank Independence
RESEARCH - IMF Working Paper by Castellani, Francesca and Debrun, Xavier titled 'Central Bank Independence and the Design of Fiscal Institutions' and released 7 January 2002.
New euros brings old coin windfall for beggars
GERMANY - The euro's launch may be causing headaches for cashiers and heartache for nationalists around Europe, but the single currency has dumped windfall profits into the laps of an unsuspecting group: beggars.
South Africa restructures policy committee
SOUTH AFRICA - South Africa's Monetary Policy Committee (MPC), which oversees the country's financial policies, has been restructured and will meet four times this year, the South African Reserve Bank (SARB) announced on Tuesday.
Speech by Kazuo Ueda of the Bank of Japan
SPEECH/ PAPER - A paper based on a speech given by Kazuo Ueda, Member of the Policy Board of the Bank of Japan, at the semi-annual meeting of the Japan Society of Monetary Economics on 29 September 2001. Previously this was only available in Japanese…
Speech by Wim Duisenberg, President of the ECB
SPEECH - Keynote address by Dr. Willem F. Duisenberg, President of the European Central Bank, at an awards ceremony and press conference held on the eve of the introduction of the euro banknotes and coins, Frankfurt am Main, 31 December 2001.
Joint Press Conference on the euro introduction
PRESS CONFERENCE - Joint press conference given by the EU Presidency, the European Central Bank, and the European Commission on the introduction of the euro banknotes and coins, Frankfurt am Main, 3 January 2002.
ECB Press Conference
PRESS CONFERENCE - Introductory statement by Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Frankfurt am Main, 3 January 2002.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 7 January 2002.
BIS c bankers see Japan's recession into 2002
SWITZERLAND - Japan's economic slump will continue throughout 2002, central bank governors from 11 major countries agreed during a monthly meeting of the Bank for International Settlements (BIS) on Monday.
Santomero - Fed's ability to mend econ is limited
US - The Federal Reserve, which engaged in a nearly solitary struggle to keep the U.S. economy from collapsing last year, isn't capable of mending the economy on its own, a top policymaker for the U.S. central bank said Saturday.
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Speech by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas before the Breakfast Plenary of the Team Canada West Mission to Dallas, Dallas, 28 November.
UK Interest rates may have to rise: George
UK: The Governor of the Bank of England last night warned that interest rates might have to be raised to moderate consumer demand.
Argentina's route to salvation
ARGENTINA - A competitive exchange rate, a more open economy and sound banks should be the priorities, says Ricardo Haussmann professor of economic development at Harvard in Todays's Financial Times.
Rojo: Keynesian policies are no longer an option
SPAIN - Perhaps the most influential economist in Spain in recent times, Luis Angel Rojo has devoting most of his professional career to servicing the Spanish economy in the country's central bank, the Bank of Spain. In an interview with El Pais…