Central Banks
Bank of Thailand auctions B1bn in government bonds
THAILAND - The Bank of Thailand on Wednesday auctioned one billion baht worth of government bonds due in June 2009 for an accepted average yield of 3.805%. The coupon rate for the bonds was 4.625% with a bid coverage ratio of 4.99 times.
Greenspan defends Fed's record over market failing
US - Alan Greenspan, the chairman of the Federal Reserve, staunchly defended himself on Friday against mounting criticism that he should have done more to prevent the stock market bubble of the 1990s.
RBI Annual Report confident of credit growth
INDIA - The Reserve Bank of India (RBI), in its annual report for 2001-2002 released Friday, has said that the overall stance of the monetary policy for 2002-03 would be on the provision of adequate liquidity to meet credit growth and support investment…
Qatar's finance conference to be held in London
QATAR - Qatar's next finance and investment conference will be held on 19 and 20 September in London. It is organized by the ABC establishment. Remarkable figures and ministers from Qatar and several financial, investment and industry establishments are…
Indonesia's central bank chief cleared of charges
INDONESIA - In an unexpected move, the Jakarta High Court acquitted Bank Indonesia Governor Sjahril Sabirin of all charges in connection with his involvement in the 1999 Bank Bali scandal, overturning the decision of the Central Jakarta District Court to…
Speech by Ric Battellino of the RBA, 29 Aug
SPEECH - In the speech 'Australia as a Capital Exporter' Battellino said that Australia has become a much more important exporter of capital since the removal of exchange controls and other financial deregulation in the 1980s but added that while we…
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…
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve on 23 August released the minutes of its regular FOMC meetings from 20 May to 24 June.
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…
Bank of Sudan - Annual Report 2000
ANNUAL REPORT - The Bank of Sudan has published its Annual Report for the year ended 2000.
Bank of Tanzania - Annual Report 2001
ANNUAL REPORT - The Bank of Tanzania has published its Annual Report for the year ended 2001.
National Bank of Rwanda - Annual Report 2000
ANNUAL REPORT - The National Bank of Rwanda has published its Annual Report for the year ended 2000.
Central Bank of Yemen - Annual Report 2000
ANNUAL REPORT - The Central Bank of Yemen has published its Annual Report for the year ended 2000.
Central Bank of the Philippines - An Report 2000
ANNUAL REPORT - The Central Bank of the Philippines has published its Annual Report for the year ended 2000.
Atlanta firm says no sir to a Greenspan knighthood
US - An Atlanta-based public interest law firm is protesting Alan Greenspan's acceptance of an honorary knighthood, reports the Associated Press, saying the Federal Reserve Chairman should seek Congress' approval first.
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…
BOK governor concerned over current account
SOUTH KOREA - Park Seung, governor of the Bank of Korea (BOK), said Wednesday there are mounting concerns that the current account balance could swing into the red due to rising travel deficits and reckless consumption.
Poland's c bank head concerned over debt-GDP ratio
POLAND - Central Bank President Leszek Balcerowicz expressed concern over the growth of public debt in relation to GDP while speaking to Radio One in Poland on 29 August.
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…
European Central Bank Publication
PUBLICATION - The European Central Bank has published it's euro banknotes and coins, brochure, August 2002.
Sveriges Riksbank Press Release
PRESS RELEASE - Governor Urban Backstrom spoke on Saturday at the 5th ACI Nordic Congress in Gothenburg on the topic of "What happened to the new economy?"
Bank of Mongolia - Annual Report 2001
ANNUAL REPORT - The Bank of Mongolia has published its Annual Report for the year ended 2001.