Central Banks
RBI links supervision with risk profile of banks
INDIA - The Reserve Bank of India (RBI) is planning to roll out a bank-specific risk-based supervision (RBS) system from the last quarter of the financial year 2002-2003.
Sri Lanka c bank relaxes For Ex curbs
SRI LANKA - Sri Lanka's Central Bank announced 20 August the relaxation of several restrictions on foreign exchange transactions through commercial banks imposed in January, the official Daily News reported on 21 August.
What gets a central banker to the top
Central Banking Journal discovers what it takes to succeed in central banking and reveals some intriguing trends - and exceptions - in the lives of those who made it.
Bank for International Settlements Papers
RESEARCH - Empirical studies of structural changes and inflation August 2001.
Argentina pays workers in bonds
ARGENTINA - As Argentina's talks with the International Monetary Fund (IMF) drag on - with still no word on whether the country will get a much-needed aid package - the situation at home is getting worse.
Sharp rise in Indian forex reserves by US $326 bn
INDIA - The country's forex reserves have registered a sharp rise of $326 million to touch $44.135 billion for the week ended August 10, as against $43.809 billion in the previous week.
KDB to operate central bank's loan to SMEs
SOUTH KOREA - The state-run Korea Development Bank (KDB) will soon be subject to the central bank's ceiling on loans to small-and medium-sized enterprises (SMBs).
Yugoslav c bank gov says for ex reserves growing
YUGOSLOVIA - Yugoslav National Bank (NBJ) Governor Mladjan Dinkic has said a new banknote was expected by the end of September this year - of 1,000 dinars.
Thai MPC to evaluate c bank market actions
THAILAND - Thai central bank Deputy Governor Pakorn Malakul Na Ayudhya said 21 August that when the Monetary Policy Committee meets Aug. 29, it will look into risk management and standards for Bank of Thailand's activity in the foreign exchange, bond and…
Shiokawa - Government, BOJ In Agreement On Policy
JAPAN - Finance Minister Masajuro Shiokawa said 21 August the government and the Bank of Japan were in agreement on policy and the central bank was taking into account the administration's views on policy.
Japan gov't panel starts debate on BOJ policy
JAPAN - The Council on Economic and Fiscal Policy has started talks on the direction of monetary policy, set by the Bank of Japan, as a way of stemming deflation, and will likely issue a set of proposals in September calling for further credit easing.
What they said about the dollar
ARTICLE - Policymakers' comments about the US currency, whether planned or off-the-cuff, seldom go unnoticed. Todays, 21 August, London edition of the Financial Times reprises some quotes about the dollar.
Monetary Policy in the Euro Area
CENTRALBANKNET'S SPECIAL REPORT - A review by Robert Pringle, Editor, Central Banking Quarterly of a book by Otmar Issing, Vitor Gaspar, Ignazio Angeloni, Oreste Tristani titled "Monetary policy in the euro area: Strategy and Decision-Making at the…
All Eyes on the Dollar
CENTRALBANKNET'S SPECIAL REPORT - Last week, after recent evidence from the Federal Reserve's Beige Book showed that six consecutive cuts in interest rates had done little to revive the US economy, the dollar finally started to weaken. A report by the…
French/German growth difference not structural
GERMANY - France's economic growth has outpaced that of Germany for several years recently but the stronger growth was due to special, not structural factors and the gap should narrow in the future, the Bundesbank said on 16 August.
An anxious countdown to new euro cash
BELGIUM - BELGIUM - In two weeks, thousands of armoured trucks will fan out across Europe to start supplying banks with crisp bills and shiny coins denominated in euros, the single continental currency that will replace the German mark, the French franc…
S.Lanka central bank allows import prepayment
SRI LANKA - The Central Bank of Sri Lanka on 20 August lifted restrictions on the prepayment of import bills introduced earlier this year to stabilise the foreign exchange market.
Japanese investor waits for Slovak c.bank approval
SLOVAKIA - Japanese company Japan Grade One Co Ltd. that wants to buy Devin banka through a 3-billion SKK capital injection has submitted all necessary documents to the National Bank of Slovakia (NBS) that the central bank needs to officially acknowledge…
German banking fed cuts 2001 growth forecast
GERMANY - The German banking federation (BVB) said on 20 August it had cut its forecast for German growth for 2001 to 1.0 - 1.5 percent from an earlier 1.5 percent.
Indonesia expects IMF deal within days
INDONESIA - A deal to resuscitate Indonesia's loans from the International Monetary Fund, frozen since last year, could be finalised as early as 23 August, according to the Indonesian government.
Bank of Japan targets deflation
JAPAN - Japan's central bank is ready to consider further steps to bolster the country's troubled economy, with an inflation target now a possibility, according to top finance officials.
UAE c bank to launch real time settlement system
UAE - The UAE Central Bank will launch the Real Time Gross Settlement System in the UAE on August 25, 2001.
Back to Bretton Woods
UK - The anti-globalisation protesters have a point, argues Felix Rohatyn a former US ambassador to France, in the London edition of the Financial Times, 20 August. It is time to reform the IMF and World Bank, he says.
IMF and World Bank plan to meet protestors
US - The International Monetary Fund and World Bank have agreed to a public debate with leading anti-globalisation activists during the organisations' annual meetings to be held in Washington next month.