Central Banks
The price of a common currency
ARTICLE - Europe would soon regret any relaxation of the stability pact, argues Horst Siebert in the Financial Times, Tuesday.
Brown criticised for delay in naming Bank deputy
UK - Gordon Brown, the UK chancellor, faced criticism on Monday over the delay in appointing a new deputy governor for the Bank of England. Leaving the possibility that the 9 member Monetary policy Committee will have to sit a spare seat during what…
Paul O'Neill heals rift with Brazil on economy
US - Paul O'Neill and the Brazil government apparently saw eye to eye on Monday, with the US treasury secretary saying US support for Brazil had been consistent and his meetings with Brazilian policymakers "very cordial".
Double-dip recession unlikely - Fed's Poole
US - St. Louis Federal Reserve Bank President William Poole said on Sunday the odds the U.S. economy might fall back into recession given the stock market's recent woes were "very, very small."
EconSouth from the Atlanta Fed Second Quarter 2002
PUBLICATION - The Federal Reserve Bank of Atlanta has published its regular online magazine, EconSouth, for the Second Quarter 2002. The main feature of the latest edition asks the questions, Is the U.S. economic slowdown over? and If so, what path will…
IMF Press Briefing by Thomas Dawson
PRESS BRIEFING - Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, 1 August, Washington, D.C.
IMF News Brief
NEWS BRIEF - IMF Managing Director Kohler Prepared to Recommend US$500 Million Increase in Stand-By Credit to Uruguay, 4 August.
IMF News Brief
NEWS BRIEF - Joint Statement by IMF, World Bank and Inter-American Development Bank on Uruguay, 4 August.
Federal Reserve Board Press Release
PRESS RELEASE - Donald L. Kohn and Ben S. Bernanke sworn in as Board members, 5 August.
Central bank to analyse inflation fall in Thailand
THAILAND - The Bank of Thailand will look at why inflation has declined in recent months, according to Bandid Nijathaworn, an assistant governor.
PM says Thai central bank governor's job is safe
THAILAND - Prime Minister Thaksin Shinawatra yesterday denied rumours he planned to sack central bank governor M.R. Pridiyathorn Devakula over recent volatility of the baht.
Korea's for ex reserves jump to $115.49 bn
SOUTH KOREA - The nation's foreign exchange reserves hit a fresh high of $115.49 billion at the end of July, up $3.05 billion from the end of June, the Bank of Korea (BOK) reported Monday.
US names IMF representative
US - The White House Friday said it had appointed Nancy Jacklin, a lawyer at Clifford, Chance, Rogers and Wells, with expertise in international finance and regulation, to be the US representative at the International Monetary Fund.
BOJ Gov Hayami to visit Osaka, Nagoya 5-6 Sept
JAPAN - Bank of Japan (BOJ) Governor Masaru Hayami will make an annual visit to the cities of Osaka and Nagoya on 5-6 September, the central bank said on Monday.
Philippines central bank reorganises departments
PHILIPPINES - The policy-making monetary board has reorganised the Bangko Sentral ng Pilipinas' (Central Bank of the Philippines, or BSP) Supervision And Examination Sector (SES) for a more coordinated management of the banking industry.
New GDP formula to be used by Bank of Korea
SOUTH KOREA - The Bank of Korea will announce a gross domestic product (GDP), or a gross added value of the economy, under a new formula, starting from the third quarter of 2004.
Fed's Parry still sees modest U.S. expansion
US - A top Federal Reserve policy-maker said on Friday he still thinks the United States is in a modest economic expansion, despite weaker-than-expected growth figures for the June quarter.
Worrying poll finds Britons confused by euro idea
UK - Almost a third of Britons believe the country could keep the pound after it had joined the euro, according to internal polling conducted for the No campaign.
Uruguay set to receive IMF money to avert crisis
URUGUAY - Uruguay was yesterday set to receive $1.5bn (£950m) from the International Monetary Fund and impose limited restrictions on bank withdrawals in an effort to avert a collapse of its once-vaunted financial system.
fedgazette from the Minneapolis Fed, July 2002
PUBLICATION - Regional Business and Economics Newspaper from the Federal Reserve Bank of Minneapolis, Volume 14, No 4, July 2002. Focus: Labor Shortage.
The Region from the Minneapolis Fed, June 2002
PUBLICATION - The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2002. In the issue Gary Becker, Nobel prize-winning economist, discusses his views on moral hazard in banking, his work on the economics of…
IMF Diversity Annual Report 2001
ANNUAL REPORT - The International Monetary Fund has published its Diversity Annual Report 2001. In 2001, diversity operations focused on integrating diversity into human resource management across the Fund. Important initiatives are underway to improve…
Introduction of New Series Bank of Japan Notes
NOTE ISSUE - The Ministry of Finance has decided and announced the manufacture of new series of the 10,000 yen, 5,000 yen, and 1,000 yen Bank of Japan notes in order to improve their security against counterfeiting.
The Regional Economist, July 2002
PUBLICATION - The Quarterly Review of Business and Economic Conditions, The Regional Economist, from the St Louis Fed contains an article 'Beyond Risk Lies Uncertainty' in which it is claimed stock market investors will find out why it's so important to…