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Central Banks

Minutes from the Sveriges Riksbank Board meeting

MINUTES - Minutes of the Sveriges Riksbank Executive Board meeting on 15 August, published 29 August. The Board noted that recent statistics suggest that the prospects for a recovery of economic activity in Sweden are still good. The Chairman found that…

IMF Working Paper Series

RESEARCH - 'Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001' by Kenneth Rogoff and Jeromin Zettelmeyer, August 2002. This paper describes the evolution of the literature from the late 1970s until 2001, with particular emphasis on the…

Has Russia Been on the Right Path?

RESEARCH - A Commentary by Kenneth Rogoff, Economic Counsellor and Director, Research Department, IMF, Vedomosti, 26 August. Rogoff compares the progress to market reform of Russia against that of China and quotes Joseph Stiglitz on the "enormous success…

Brazil's Fraga sees 2002 GDP growth at 1 per cent

BRAZIL - Brazilian central bank head Arminio Fraga said he expects Brazil's economy, now suffering from the fallout of severe market turmoil, to expand at about 1 percent this year, less than previous forecasts, according to a research report by Goldman…

Bank of England vacancy may breach constitution

UK - The Bank of England may be left in breach of the terms of its legal constitution if Gordon Brown, UK Chancellor, fails to appoint a replacement for David Clementi, the outgoing deputy governor, by the weekend, the FT reported on Thursday.

Reserve Bank of Australia - Annual Report 2002

ANNUAL REPORT - The Reserve Bank of Australia has published its Annual Report for the year ended 2002. In his foreword to the Annual Report 2002 the Governor, Ian Macfarlane, said the Australian economy has had a relatively trouble-free year, but that…

Survey of Professional Forecasters

SURVEY - The Federal Reserve Bank of Philadelphia has published its Survey of Professional Forecasters for the Third Quarter 2002. The U.S. economy is expected to grow in each of the next five quarters, but growth rates will likely be lower than those…

Belarus to abide by union in currency proposal

BELARUS - Belarusian President Alyaksandr Lukashenka on Monday received the chairman of the National Bank of Belarus, Pyotr Prakapovich, with a report. The main topic of the report was fulfilment of forecast indicators of the main guidelines for monetary…

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