Central Banks
Sovereign Debt Restructuring - Thomas C. Dawson
LETTER - A Letter By Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, 7 February.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Eugenio Domingo Solans, Miembro del Consejo de Gobierno y del Comite Ejecutivo del Banco Central Europeo, Intervencion en el Foro Financiero 2002 de ABC, Madrid, 11 de febrero del 2002. This speech is only in Spanish, 11 February.
Speech by Koh Yong Guan, MD of the MAS
SPEECH - Koh Yong Guan said in the speech that the central bank is issuing an industry consultative paper on "credit portfolio stress testing," and the feedback from this will be used to formulate the guidelines. "Financial institutions in Singapore can…
Bank of Israel Press Release
PRESS RELEASE - Developments in the Foreign-Currency Market, 12 February.
UK inflation posts sharp rise
UK - UK inflation has soared unexpectedly, making an increase in interest rates in March more likely.
Devaluation fears hit Nigeria's currency
NIGERIA - The Nigerian naira fell on the official currency market, following a slide on the black market on Friday on fears that a devaluation is imminent.
UAE mint coin for university silver anniversary
UAE - The UAE Central Bank will issue a commemorative Dh50 coin on Sunday to mark the 25th anniversary of Emirates University.
Czech National Bank shows loss for 2001
CZECH REPUBLIC - The Czech national Bank (CNB) posted a loss of CZK 28.6 bn in 2001, against a profit of CZK 2.5 bn in 2000, according to figures released by the bank.
Argentina has a month to get IMF aid, bankers say
ARGENTINA - Argentina may descend into a chaotic spiral of hyperinflation and social unrest unless the government can secure a massive IMF loan package in the next 30 days, local bankers and analysts said.
Reserve Bank of Australia Report
REPORT - The latest quarterly Statement on Monetary Policy has been released by the RBA, 11 February.
Central Bank of Sweden Press Release
PRESS RELEASE - Sveriges Riksbank's Lars Heikensten: Low-inflation environment has underpinned growth: four examples, 4 February.
The Riksbank's annual report 2001
PRESS RELEASE - The Executive Board of the Riksbank has taken a decision on the Riksbank's annual report for 2001. Net revenue amounted to SEK 19.3 billion, 8 February.
Federal Reserve Board FOMC Minutes
PRESS RELEASE - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from 19 November, 2001 to 11 December, 2001.
Federal Reserve Bank of Atlanta - Press Release
PRESS RELEASE - Atlanta Fed names Juan C Sanchez Assistant Vice President, 31 January.
When can we forcast inflation?
RESEARCH - Article by Jonas D. M. Fisher, Chin Te Liu and Ruilin Zhou. Chicago Fed researchers show that inflation forecasting models, like the Phillips curve, may still provide sound predictions of inflation. They argue that time periods in which it is…
Argentina's peso under pressure
ARGENTINA - Argentina's currency, the peso, has fallen sharply on the money markets after a one-week suspension of trading.
G7 upbeat on global economy
CANADA - The world's seven leading industrialised states have said prospects of an upturn in a global economy hit by the 11 September attacks on America have strengthened, although risks remain.
South African bank's accounts frozen
SOUTH AFRICA - Deposits have been frozen at the eighth largest bank in Africa after bankruptcy fears spurred savers to withdraw more than 1bn rand (£61m; $87m) last week.
Japan acts to end recession
JAPAN - Prime Minister Junichiro Koizumi has asked his government minister to hammer out a series of economic reforms aimed at lifting Japan out of recession.
New anti-fraud cards on the way
UK - New measures to counter credit and debit card fraud have been unveiled by the UK's banking industry.
Fears grow for Venezuelan currency
VENEZUELA - Venezuela's currency has renewed its slide, after support measures failed to stop investors, citizens and businesses converting cash into US dollars.
Punt passes away quietly
IRELAND - The Irish pound ceased to be legal tender from midnight on Saturday as Ireland became the second country within the eurozone - after the Netherlands - to ditch its old notes and coins.
Bank may put printing pounds in private hands
UK - Private sector operators may be given the chance to print money under proposals by the Bank of England to jettison its banknote operations.
Wim's way with words
FEATURE - Duisenberg's volubility has earned him many enemies and even a few admirers. He has certainly become known as a rather unconventional central banker.