Central Banks
ECB post findings on how rate moves affect economy
GERMANY - Ordinary Europeans may quickly get used to the new euro notes and coins that begin circulating in a few weeks, but it may be years before the European Central Bank fully understands the functioning of the new economy created by the common…
Egyptian central bank cancels import restrictions
EGYPT - The Central Bank of Egypt said Monday it had cancelled import restriction proposals that were designed to protect the declining Egyptian pound and boost the sluggish economy.
Wim to face the music
GERMANY - The temperature is rising in the dispute over whether Wim Duisenberg will step down as president of the European Central Bank.
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Remarks by Governor Laurence H. Meyer of the Federal Reserve Board before the National Association of Business Economics, St. Louis, Missouri, 27 November.
Speech by David Gruen of the RBA
SPEECH - Speech by David Gruen, Head of Economic Research at the Reserve Bank of Australia at the 2001 Comview Conference of the Victorian Commercial Teachers Association, Melbourne, 27 November.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Speech delivered by Prof. Eugenio Domingo Solans, member of the Governing Council and of the Executive Board of the European Central Bank (ECB), at the Chapelle des Brigittines, Brussels, 19 November.
Speech by Klaus Liebscher, Austrian central bank
SPEECH - Speech by Klaus Liebscher, Governor of the Oesterreichische Nationalbank, at the symposium "The role of international institutions in globalisation", Centre for the Study of International Institutions CSI, Innsbruck, 16 November.
Economists can indeed 'conclude otherwise' on euro
LETTER - A letter published in the London edition of the Financial Times on 29 November.
SNB Roth - Franc strength likely to be temporary
AUSTRIA - The president of the Swiss National Bank, Jean-Pierre Roth, said Thursday that he expects the franc's current strength to be temporary, and made it clear that the Swiss monetary policy stance may deviate from that of the European Central Bank.
Morand leaves Chile's central bank
CHILE - After five years at Chile's Central Bank, Felipe Morand will leave as head of studies at the end of the year for a visiting post at Stanford University.
Thai central bank eases collateral rules
THAILAND - Central Bank rules had been eased to allow financial institutions to use internal appraisal for collateral of small-sized debtors, rather than external independent appraisal firms, Bank of Thailand assistant governor Thirachai…
Thai Rerngchai - sinner or scapegoat?
ARTICLE - Rerngchai Marakanond, a former Bank of Thailand governor, is about to pay a dear price for his central role in the futile baht defence in 1997. Is he a scapegoat?
Banks deal with coin shortage in Australia
AUSTRALIA - Banks in some parts of Australia are experiencing coin shortages. The Reserve Bank of Australia (RBA), which recently implemented a new coin distribution system, blames the shortfall on teething problems with the new system.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Speech delivered by Prof. Eugenio Domingo Solans, member of the Governing Council and of the Executive Board of the European Central Bank (ECB) at the CEPR/ECB Workshop on Issues in the Measurement of Price Indices,Frankfurt, 16 November.
Speech by Joseph Yam of the HKMA
SPEECH - Opening remarks by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority to the Hong Kong Foreign Exchange and Money Market Practices Committee Conference on Challenges and Opportunities in the New Century, 22 November.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Richmond and based on information collected before November 19, 2001. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Risk-averse BoJ shuns unorthodox economic measures
ARTICLE - Bank's board meeting today is not expected to yield significant action, reports the London FT 29 November.
Fed survey finds further slowing of the economy
USA - Contradicting growing confidence elsewhere that the recession is bottoming out, a Federal Reserve survey found more signs of further slowing than of recovery.
C bank halves reserves required in the Philippines
PHILIPPINES - In a move that could free up funds for lending and ease pressure on banks' earnings, the Philippine Central Bank decided to halve the general reserves it requires banks to set aside to cover possible loan losses.
Russia's c bank assets reach 1.68 trillion rubles
RUSSIA - The Central Bank of Russia had assets of 1.688 trillion rubles as of 1 October, compared with 1.682 trillion rubles a month earlier.
FOMC officials say they're armed and ready
US - Federal Reserve officials are seeking to quell suspicions they're running out of manoeuvring room.
Polish c bank mulls making its debt tradable
POLAND - Poland's central bank may switch its untradable debt into tradable paper, Monetary Policy Council (MPC) member Wieslawa Ziolkowska said on Wednesday.