Reserves
Argentine c bank bars 21 institutions from forex
ARGENTINA - Argentina's Central Bank on Monday suspended 21 financial institutions from foreign exchange trading after they failed to meet new capital regulations aimed at propping up a weakening peso currency.
IMF News Brief
NEWS BRIEF - Press Statement by the IMF Mission to Argentina, 15 March.
Interagency Guidance on Country Risk Management
LETTER - The Federal Reserve, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have issued enhanced guidance concerning the elements of an effective country risk management process for banking…
Russian c bank raises gold purchase price by 5%
RUSSIA - The Central Bank of Russia has established a new procedure for calculating buy and sell quotes for refined gold, silver and platinum in bars for operations with credit institutions.
Lithuanian c bank lowers reserve requirements
LITHUANIA - Lithuania's central bank said on Thursday it lowered the reserve requirements for banks to six percent from eight percent in a move to bring the country's banking rules closer to European standards.
Japanese hoarding gold as economic anxiety persist
FEATURE - While Japan has had the world's fastest-growing major stock market this year and the yen has jumped nearly 3 percent against the dollar in the last month, a small but growing number of Japanese investors are preparing for the worst and hoarding…
China raises gold prices in unscheduled move
CHINA - China's central People's Bank of China (PBOC) raised domestic buying and selling prices of 99.99 percent pure gold by an average of 1.42 percent on Wednesday, an unscheduled move outside its regular weekly fixing.
ECB gold reserves - EUR35M in week of 8 March
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR35 million, to EUR126.8 billion, in the week ended 8 March, the European Central Bank said Tuesday.
Pakistan's for ex reserves rise to US$ 5.1bn
PAKISTAN - Pakistan's total liquid foreign reserves registered an increase of US$ 40.7 million to $5.10 billion in March as compared to $5.06 billion on 23 February.
China's central bank chief unfazed by debt
CHINA - The governor of China's central bank, Dai Xianglong, acknowledged for the first time yesterday that national domestic debt is much higher than official yardsticks have so far indicated, but he said reform and economic growth would alleviate the…
The Japanese economy - Buying time
FEATURE - The Japanese government's latest package of emergency measures to prop up the ailing economy will not meet its goal of reining in the crippling deflation afflicting the nation's battered companies and debt-paralysed banks. But it will likely…
How long will Swiss SNB lay golden eggs?
FEATURE - The Swiss National Bank has decided to lay golden eggs for a while, but will the goose have the guts to say "no" once the party's over?
Argentina seeks to clear way for IMF deal
ARGENTINA - Argentina's Senate yesterday debated the country's 2002 budget a day ahead of schedule as part of efforts to unlock a big support package from the International Monetary Fund.
Pakistan c bank may hold some euro forex reserves
PAKISTAN - Pakistan may allocate part of its foreign exchange reserves in the euro when there is greater stability in the currency, the central bank said Thursday.
Bank of Canada Review Winter 2001 - 2002
RESEARCH - Risk Management in the Exchange Fund Account by Michel Rochette.
Bank of Canada Review Winter 2001 - 2002
RESEARCH - The Resolution of International Financial Crises: Private Finance and Public Funds by Andy Haldane, Bank of England and Mark Kruger, Bank of Canada.
German finance ministry, Buba spurn gold sale call
GERMANY - The German Bundesbank and finance ministry on Tuesday rejected suggestions by some government politicians that holes in the public purse could be plugged by the sale of gold and foreign exchange reserves.
London gold auction ends but arguments continue
UK - The UK completed its sale on Tuesday of 400 tons of gold - a $3.5 billion stack almost as big as two London taxis.
Bank of England News Release
NEWS RELEASE - HM Government Gold Auction Result, 5 March.
Argentine turmoil not caused by overvalued peso
LETTER - Sir, The Argentines are justifiably possessed by a love for the greenback, an infatuation that even the army of psychoanalysts in Buenos Aires will not be able to exorcise. That is the diagnosis offered up by Thomas Catan ("Argentines' love of…
Argentina acts to ease economic crisis
ARGENTINA - The Argentine Government has announced a series of measures it says will strengthen social spending and launch a new economic cycle.
Journal of Economics and Business paper
RESEARCH - Information asymmetry in disclosure of foreign exchange risk management: can regulation be effective? By Andrew P. Marshall and Pauline Weetman.
Speech by Susan Schmidt Bies of the Fed, 28 Feb
SPEECH - In the speech titled 'Strengthening the Financial System of the 21st Century through Sound Accounting and Disclosure' Bies said "It has become clear in recent months that some companies have not been completely transparent in their application…
Argentine deal set to speed budget approval
ARGENTINA - Argentina's Congress was finally due to start discussing this year's budget yesterday, after the government reached a funding agreement with provincial governors on Wednesday night. That deal should mean rapid approval of the budget and could…