Central Banks
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Remarks by Horst Kohler, Managing Director, International Monetary Fund. At a news conference in Luxembourg Mr. Koehler said the U.S. economy should recover in the second quarter next year. The European economy will turn around by mid-2002, he…
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President hints at end of peso peg
ARGENTINA - Argentina has its fifth president in less than two weeks, veteran politician Mr Eduardo Duhalde immediately reaffirmed the moratorium on paying the country's US$132 billion ($258.9 billion) in public debt until its shattered economy resumes…
Euro changeover "better than expected"
GERMANY - The European Central Bank reported on Wednesday that the launch of euro cash was progressing smoothly despite exceptionally high demand for the new notes. "The euro cash changeover is going smoothly, even better than we had expected," said ECB…
ECB Welteke: conditions for growth in place
GERMANY - European Central Bank council member and Bundesbank President Ernst Welteke said that monetary policy has cleared the way for investment and economic growth in an interview published on Wednesday.
BOJ's Hayami - yen's fall too steep
JAPAN - The yen's recent fall has been too steep for his liking but an exchange rate of 130 to the dollar would benefit Japanese exporters, Bank of Japan governor Masaru Hayami said in a newspaper interview.
Speech by Dai Xianglong, People's Bank of China
SPEECH - Speech by Dai Xianglong, Governor of the People's Bank of China, 20 November.
Centralbanknet's Christmas Quiz
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Centralbanknet's Christmas Quiz
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Speech by Iceland's Birgir Isleifur Gunnarsson
SPEECH - Birgir sleifur Gunnarsson, Chairman of the Board of Governors, Central Bank of Iceland, 31 October.
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Hanke's View on Argentina
In a paper published earlier this month by Cato in their foreign policy series Professor Steve Hanke outlines his views on solutions for the crisis in Argentina. In 1991 Professor Hanke advised the then Argentine government on the establishment of the…
Treasury publishes annual update on convergence
The Treasury last week published, and submitted to the European Commission,the UK's 2001 Convergence Programme, "Maintaining Economic Stability".This is the fourth annual update to the UK Convergence Programme publishedin line with the EU Stability and…
Argentine president asks IMF for 'patience'
Argentine president Rodriguez Saa asked the IMF for 'patience' in dealing with the country's default as the central bank takes steps to alleviate debt repayment problems within the country. However, Argentine citizens seem to be expecting devaluation.
Bank of Japan Monthly Report December 2001
REPORT - Bank of Japan Monthly Report of Recent Economic and Financial Developments, December 2001.
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Confusion over 'argentino'
Uncertainty surrounds Argentina's new currency dubbed the 'argentino' and claims for its role in an 'orderly exit' from the peso-dollar peg.
Speech by Shri Vepa Kamesam, Reserve Bank of India
SPEECH - Inaugural address delivered by Shri Vepa Kamesam, Deputy Governor, RBI at the IX Economic Convention 2001 at H.R. College of Commerce & Economics, Mumbai on December 6, 2001.
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Speech by Tony Latter, Deputy Chief Executive HKMA
SPEECH - Speech by Tony Latter, Executive Director, HKMC, Bauhinia MBS Limited, US$3,000,000,000 Mortgage-Backed Securitisation Programme, Signing Ceremony, 19 December 2001.
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Speech by Laurence Meyer of the Federal Reserve
SPEECH - Laurence Meyer said in a speech on Tuesday afternoon titled 'Financial Stability in Emerging Markets: What Have We Accomplished and What Remains To Be Done?' that an international bankruptcy scheme like that proposed recently by the IMF is not a…
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Argentina: largest default in history
ARGENTINA - On Sunday Argentina announced the largest sovereign debt default in history, declaring it would stop paying its $155bn public debt. The new government headed by president, Adolfo Rodriguez Saa, said the country would resist pressure to…