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Historical Model Describes 1900s Gold Standard

RESEARCH - An article in the latest edition of Economic Perspectives, from the Chicago Fed, looks at how the United States adopted the gold standard in the late nineteenth century, pegging the dollar to the British pound sterling and other currencies.

Think tank recommends orderly change in Argentina

ARGENTINA - Argentine authorities must take care to avoid a chaotic and unpredictable restructuring of the country's fragile financial system, local economic think-tank Fundacion Capital (FC) said in a report on the financial system.

Solomons central bank gov warns of savings scam

SOLOMON ISLANDS - Central Bank Governor Rick Hou has dismissed rumours associating him with a scheme called the Family Charitable Fund, which purports to be a local agent for the Lady Diana Memorial Fund. The rumours alleged that the bank governor and…

Bank of Japan Press Release

PRESS RELEASE - At the Monetary Policy Meeting held today, the Bank of Japan decided, by unanimous vote, to maintain the following guideline for money market operations for the intermeeting period, 16 July.

Testimony of Fed Chairman Alan Greenspan, 16 July

TESTIMONY - In testimony to the US Congress on Tuesday Greenspan said "an infectious greed" in the business community, if unpunished, could inhibit a full economic recovery. He went on to say that "the fundamentals are in place for a return to sustained…

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