Central Banks
Fed 'model' predicts stock gains
ARTICLE - A valuation model used by the U.S. Federal Reserve Board indicated last week that stocks were some 14% undervalued.
Argentina gives details on refinancing debt
ARGENTINA - Argentina's government yesterday announced plans to refinance the debts of 10 provinces, the first leg of its effort to restructure the country's entire $155bn ( £106bn) stock of federal and provincial debt.
NZ res bank won't replace departing dep gov
NEW ZEALAND - The Reserve Bank of New Zealand isn't planning to fill the vacancy about to be created by the departure of one of its deputy governors, Murray Sherwin, officials said Wednesday.
Three cheers for the euro?
The euro received three notes of approval today from the the People's Bank of China, the IMF and the OECD.
Thai central bank re-financing
The Thai cabinet on Tuesday approved a proposal to re-finance 90 billion baht ($2.02 billion) in debts of a central bank unit set up to bail out and take over troubled financial institutions.
Speech by Svein Gjedrem Governor of Norges Bank
SPEECH - Speech by Central Bank Governor Svein Gjedrem of Norges Bank, Norway's central bank, at the conference on EMU and the euro hosted by The European Commission, Euro-Info Centre and NHO (Confederation of Norwegian Business and Industry), Oslo, 30…
Bank of Portugal - Annual Report 2000
ANNUAL REPORT - Banco de Portugal, the central bank of Portugal, has published its Annual Report for 2000.
European Central Bank report
ECB PRESS RELEASE - Publication of the report of the European Court of Auditorson the efficiency of the ECB's management for the financial year 2000 and the ECB's reply to the report, Frankfurt, 9 November.
Eurozone economy 'is on the brink of recession'
ARTICLE - The eurozone economy may shrink in the fourth quarter of this year, and there is a risk of outright recession, according to the latest growth indicator produced for the Financial Times, FT Deutschland and Les Echos.
Buba's Welteke sees no '01 recession in Germany
GERMANY - Germany's economy is not in a recession and will grow at a small rate "above zero" in 2001, Deutsche Bundesbank President Ernst Welteke told German daily Frankfurter Rundschau in an interview conducted 22 October, but published on Friday.
Hungary's nat bank launch euro info campaign
HUNGARY - The National Bank of Hungary will launch an information campaign on 15 November to help Hungarian individuals to smoothly change their cash holdings in the 12 outgoing European currencies, estimated to be worth some HUF 70bn,NBH vice president…
DUMA won't deprive Russia's c bank of independence
RUSSIA - During a meeting of the working group of the Duma for the bill on the Central Bank on 12 November, deputies failed to come to agreement as to which body, the National Banking Council (NBC) or the Board of Directors, would govern the Central bank.
Central bankers in Ottawa
ECB Council member Ernst Welteke, although saying that monetary policy was appropriate for the eurozone at present, warned of the dangers of money being too loose given the lag for effects to be realised.
November gloom in Japan
Despite leaving monetary policy on hold last week, the Bank of Japan downgraded its assessment of the economy on Monday, expressing concern about the impact of declining exports and output on incomes and consumer spending.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, President of the Deutsche Bundesbank, delivered at the European American Business Council, Washington, 19 November. Ernst Welteke expressed satisfaction with ECB policy, noting that the eurozone is now enjoying an …
Speech by Jurgen Stark of the Deutsche Bundesbank
SPEECH - Speech by Dr. Jurgen Stark, Deputy Governor of the Deutsche Bundesbank. The speech titled 'The euro - the new European money' considers the historical background to the euro, essential features of the new system and the future outlook for the…
Bank of Canada Review Autumn 2001
RESEARCH - Conference Summary: Revisiting the Case for Flexible Exchange Ratesby Larry Schembri. Short summary.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Statement by IMF Managing Director, Horst Kohler, given at the Fourth WTO Ministerial Conference, Doha, 10 November.
Minimum standards for securities settlement system
REPORT - Central banks and securities regulators release recommendations for securities settlement systems, 12 November.
Brussels more confident of successful euro switch
EUROPE - With euro notes and coins less than 50 days away, the European Commission yesterday expressed optimism about a successful changeover from national currencies. The latest monthly Eurobarometer survey registered growing understanding of the single…
China's c bk chief expects to step up forex reform
CHINA - People's Bank of China Governor Dai Xianglong Monday said the country will begin to step up reform of its foreign exchange system after next month's entry into the World Trade Organization.