Central Banks
Argentine central bank chief Maccarone resigns
ARGENTINA - Argentina's central bank president, Roque Maccarone, criticised for his handling of government banking regulations, has resigned.
Let pounds and euros compete
ARTICLE - For well over a decade there has been a ceaseless political battle over whether Britain ought to join the euro. The introduction of euro notes and coins at the beginning of this year has raised the decibel level of the controversy but has not…
Germany on brink of recession
GERMANY - The German economy is teetering on the brink of official recession, officials have said, after figures showed growth in 2001 slowing to its lowest level for eight years.
Beige book says US econ weak but shows improvement
US - The US economy started the new year on a weak note, although some scattered signs of improvement emerged, the Federal Reserve Beige Book survey has said.
Russia cancels export duty on gold
RUSSIA - The Russian government issued a resolution on 14 January abolishing a 5% export duty on gold, said a government source.
Fed's Ferguson sees economic rebound
US - The US economy is likely to rebound "before too long" given the stimulative impact of Federal Reserve rate cuts and the natural dynamics of the economy, said Roger Ferguson, the vice chairman of the Federal Reserve Board.
Fed's Meyer - A little inflation better than none
US - Outgoing Federal Reserve Governor Laurence Meyer said on Wednesday that the U.S. central bank's commitment to price stability should not be taken as a goal to eliminate inflation entirely.
Currency Crises and Uncertainty About Fundamentals
WORKING PAPER - International Monetary Fund Working Paper by Alessandro Prati and Massimo Sbracia, Research Department, January 2002.
Bank of Japan Statement - Monetary Policy Meeting
NEWS RELEASE - Statement from the Bank of Japan regarding the Monetary Policy Meeting held on 16 January 2002.
Speech by US Treasury Secretary Paul O'Neill
SPEECH - US Treasury Secretary Paul O'Neill has said the outlook for the world's largest economy the United States is now "on the positive side" and predicted stronger growth later on this year.
Speech by Leszek Balcerowicz of Nat Bank of Poland
SPEECH - Balcerowicz suggests in his speech that 'The strategy on behalf of the EU should be not to delay the entry of the candidate countries into EMU but to encourage the candidates to complete structural reforms.
Argentina may float currency freely soon
ARGENTINA - Argentina's President Eduardo Duhalde has said that it may float the peso entirely in a few months time.
Shoppers and forgers move to euro
EUROPE - Two weeks after the launch of euro notes and coins, more than 90% of transactions in Ireland are being made in the currency, the country's official changeover body said.
O' Neill says US outlook 'positive'
US - US Treasury Secretary Paul O'Neill has said the outlook for the world's largest economy is now "on the positive side", predicting stronger growth later on this year.
India RBI - Easier liquidity policy boosts econ
INDIA - The Reserve Bank of India Deputy Governor Y.V. Reddy said Wednesday that the bank will continue to follow its easier liquidity policy to boost the economy.
BOE gold auction fifth of six planned auctions
UK - The Bank of England Wednesday auctioned 20.0 metric tons of gold, or 643,200 ounces, at an allotment price of $283.50 per troy ounce.
Sterling may not have to enter ERM to join euro
UK - Brussels has smoothed the path to British entry to the euro, by suggesting that sterling might not have first to rejoin the Exchange Rate Mechanism for two years.
China's bank chief criticises low value of yen
CHINA - The governor of China's central bank offered an unambiguous criticism on Tuesday of the Japanese yen's recent depreciation, saying it was putting pressure on the Chinese currency and would bring no good to Japan or the rest of Asia.
Argentina's president calls for unity
ARGENTINA - Argentina's President, Eduardo Duhalde, has called for an "historic national dialogue" to take the country out of the worst economic crisis of its history.
IMF chief calls for open markets
US - The head of the International Monetary Fund (IMF) has blasted the US, the European Union and Japan for continuing to aid farmers and manufacturers within their countries at the expense of poor nations.
ECB chief: Prices safe from euro launch
EUROPE - Fears of rising prices across Europe as retailers cash in on the change to the euro have been confounded, according to the head of the European Central Bank.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - In the speech 'Economic Outlook' Michael Moskow said "I must emphasize that we still face a period of uncertainty," he said. Moskow added that the uncertainty stemmed from the risk of further attacks on U.S. soil, weakness in economies abroad…