Monetary Policy
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…
Speech by Eddie George, Bank of England Governor
SPEECH - Sir Eddie George, the governor of the Bank of England, in a speech backed the claims of anti-globalisation protesters that the poorest countries are excluded from the benefits of expanding world trade.
Centralbanknet's Christmas Quiz
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UK Economy faces bumpy ride, warns BoE's King
The British economy may face a "bumpier ride" this year than last in terms of growth and inflation, the UK central bank's deputy governor has warned
How to Dollarize in Argentina
‘How to Dollarize in Argentina’ by Kurt Schuler and Steve H Hanke. As the policies of the Argentine government are at a dead end and the peso is widely distrusted, Schuler and Hanke present their proposals for dollarization.
Central Bank Independence in Latin America
Legal Central Bank Independence and Inflation in Latin America During the 1990s by Jacome H., Luis I ; an IMF Working Paper.
Argentina to unveil new economic plan on Friday
ARGENTINA - Congressman Jorge Remes Lenicov will be sworn in Thursday as Argentina's new economy minister and on Friday he will unveil a new series of economic measures, Buenos Aires Governor Carlos Ruckauf confirmed in an interview.
ECB interest rates unchanged
GERMANY - As widely expected the European Central Bank left interest rates unchanged with officials largely focused this week on the launch of euro notes and coins.
Bank of Israel head rules out intervention
ISRAEL - Despite the shekel's weakening to a record low against the dollar, Bank of Israel Governor David Klein said the central bank would not intervene in the foreign currency market.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Remarks by Horst Kohler, Managing Director, International Monetary Fund. At a news conference in Luxembourg Mr. Koehler said the U.S. economy should recover in the second quarter next year. The European economy will turn around by mid-2002, he…
Centralbanknet's Christmas Quiz
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President hints at end of peso peg
ARGENTINA - Argentina has its fifth president in less than two weeks, veteran politician Mr Eduardo Duhalde immediately reaffirmed the moratorium on paying the country's US$132 billion ($258.9 billion) in public debt until its shattered economy resumes…
Euro changeover "better than expected"
GERMANY - The European Central Bank reported on Wednesday that the launch of euro cash was progressing smoothly despite exceptionally high demand for the new notes. "The euro cash changeover is going smoothly, even better than we had expected," said ECB…
ECB Welteke: conditions for growth in place
GERMANY - European Central Bank council member and Bundesbank President Ernst Welteke said that monetary policy has cleared the way for investment and economic growth in an interview published on Wednesday.
BOJ's Hayami - yen's fall too steep
JAPAN - The yen's recent fall has been too steep for his liking but an exchange rate of 130 to the dollar would benefit Japanese exporters, Bank of Japan governor Masaru Hayami said in a newspaper interview.
Speech by Dai Xianglong, People's Bank of China
SPEECH - Speech by Dai Xianglong, Governor of the People's Bank of China, 20 November.
Centralbanknet's Christmas Quiz
Enter Centralbanknet's christmas quiz by emailing us the answers. Most correct answers wins of course. Winner will be displayed on cbnet on Monday 7 January and the correct answers will be given.
Centralbanknet's Christmas Quiz
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Speech by Iceland's Birgir Isleifur Gunnarsson
SPEECH - Birgir sleifur Gunnarsson, Chairman of the Board of Governors, Central Bank of Iceland, 31 October.
Centralbanknet's Christmas Quiz
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Hanke's View on Argentina
In a paper published earlier this month by Cato in their foreign policy series Professor Steve Hanke outlines his views on solutions for the crisis in Argentina. In 1991 Professor Hanke advised the then Argentine government on the establishment of the…
Treasury publishes annual update on convergence
The Treasury last week published, and submitted to the European Commission,the UK's 2001 Convergence Programme, "Maintaining Economic Stability".This is the fourth annual update to the UK Convergence Programme publishedin line with the EU Stability and…