Central Banks
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…
Argentine president asks IMF for 'patience'
Argentine president Rodriguez Saa asked the IMF for 'patience' in dealing with the country's default as the central bank takes steps to alleviate debt repayment problems within the country. However, Argentine citizens seem to be expecting devaluation.
Bank of Japan Monthly Report December 2001
REPORT - Bank of Japan Monthly Report of Recent Economic and Financial Developments, December 2001.
Centralbanknet's Christmas Quiz
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Confusion over 'argentino'
Uncertainty surrounds Argentina's new currency dubbed the 'argentino' and claims for its role in an 'orderly exit' from the peso-dollar peg.
Speech by Shri Vepa Kamesam, Reserve Bank of India
SPEECH - Inaugural address delivered by Shri Vepa Kamesam, Deputy Governor, RBI at the IX Economic Convention 2001 at H.R. College of Commerce & Economics, Mumbai on December 6, 2001.
Centralbanknet's Christmas Quiz
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Speech by Tony Latter, Deputy Chief Executive HKMA
SPEECH - Speech by Tony Latter, Executive Director, HKMC, Bauhinia MBS Limited, US$3,000,000,000 Mortgage-Backed Securitisation Programme, Signing Ceremony, 19 December 2001.
Centralbanknet's Christmas Quiz
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Speech by Laurence Meyer of the Federal Reserve
SPEECH - Laurence Meyer said in a speech on Tuesday afternoon titled 'Financial Stability in Emerging Markets: What Have We Accomplished and What Remains To Be Done?' that an international bankruptcy scheme like that proposed recently by the IMF is not a…
Centralbanknet's Christmas Quiz
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Argentina: largest default in history
ARGENTINA - On Sunday Argentina announced the largest sovereign debt default in history, declaring it would stop paying its $155bn public debt. The new government headed by president, Adolfo Rodriguez Saa, said the country would resist pressure to…
Singing the euro's praises
EURO - The achievement of introducing the euro received praise from the IMF and tinges of regret have been observed in countries choosing not to be part of it. In the eurozone itself measures were being taken to combat over-eagerness for the new currency.
Letter from Wim Duisenberg
Wim Duisenberg: Reply to the letter by Mrs. Randzio-Plath, Chairperson of the Committee on Economic and Monetary Affairs of the European Parliament, dated 15 November 2001, 17 December 2001.
New Bank of England banknote
NEWS RELEASE - New £5 Banknote Design, 18 December 2001.
Testimony of Wim Duisenberg, ECB President
SPEECH - Introductory statement by Dr. Willem F. Duisenberg, President of the European Central Bank, Brussels, 18 December 2001.
IMF 'blamed' for Argentine crisis
ARGENTINA - The IMF was "instrumental" in engineering Argentina's financial collapse because of irresponsible lending which "exacerbated" its foreign debt problem, foreign creditors have claimed.
Eddie George doubtful on euro
UK - Sir Edward George, the governor of the Bank of England, has pitched into the ongoing debate about potential British entry into the euro, saying that a single economic policy across Europe was a "disadvantage".
RBNZ Bulletin December 2001
NEWS RELEASE - December 2001 Reserve Bank of New Zealand Bulletin released.
Argentina's peso predicament
ARGENTINA - Argentina's new leaders face a list of problems as long as your arm. But right at the top is devising a solution for the country's blighted currency, the peso.
Fears that euro ATMs will run dry
UK - The stock of euro notes in banks' cash machines is in danger of running out in the first weeks of the new currency's launch on 1 January, bankers have warned.
ECB to re-shuffle board member responsibilities
GERMANY - The European Central Bank said on Friday it had changed some of the responsibilities among its six member Executive Board with effect from 1 January, 2002.
Paper by Charles Bean C Economist, Bank of England
SPEECH /PAPER - Paper by Charles Bean, Chief Economist and Member of the Monetary Policy Committee, Jens Larsen and Kalin Nikolov, Monetary Assesment and Strategy Division at the Bank of England to the Monetary Transmission Network Conference at the…
Bank of England MPC Minutes
MINUTES - Minutes of the Bank of England Monetary Policy Committee Meeting - 4 & 5 December 2001.