European Central Bank (ECB)
ECB tight-lipped on banking supervision
A confidential ECB report arguing that eurozone central banks should continue to perform banking supervision has been leaked to German daily paper Boersen Zeitung.
Greek monetary policy report stresses convergence
REPORT: Competitiveness and productivity are key to Greece's economic convergence with the rest of the eurozone, according to the latest report on monetary policy from the Bank of Greece, submitted to parliament yesterday.
ECB keeps rates steady despite growth fears
As expected, the Governing Council of the European Central Bank held interest rates steady (at its March 15 meeting yesterday) undeterred by weak share markets and dimming euro zone growth prospects.
ECB monetary analysis papers
RESEARCH - The ECB has today (March 16) published a series of papers from a seminar for staff from central banks entitled "Monetary analysis: Tools and applications" held in November 2000.
The Accidental Redistribution of ECB Profits
ARTICLE - According to the latest calculations of Hans-Wener Sinn and Holgar Feist, the division of European Central Bank profits will see Germany lose E. 30bn and France gain a similar amount.
ECB agrees 10% increase of euro notes production
The European Central Bank on Mar 15, 2001 said it approved a 10 percent increase in the production of euro banknotes to create an additional reserve and help smooth the changeover to euro cash.
ECB plans statement on banking supervision - paper
The European Central Bank plans to issue an official warning to governments not to curb the role of central banks in banking supervision, a German newspaper reported on Mar 14, 2001.
Reynders says he not pushing for a 'Mr Euro'
Belgian Finance Minister Didier Reynders said on Mar 12, 2001 he was not pushing to create a "Mr or Mrs Euro" to speak for the common currency and that controversal reform of the Eurogroup had been put on hold.
Finnish cbank transfers 129m euros to govt
The Bank of Finland has transferred 42% of its 309m euros profit to the government, the first time the bank has had to pay money to the state since 1984.
Efficient payments in the euro area-Wellink speech
Opening address by Dr A.H.E.M. Wellink, President of De Nederlandsche Bank NV, on the occasion of the "5th conference on pan-European cash & treasury management", held in Amsterdam on Mar 6 2001.
Euro entry means democracy deficit-Swedish cbanker
Swedes would be less able to call the people who decide their monetary policy to account if the country joined the EU's single currency, the deputy governor of the country's central bank said on Mar 8, 2001.
Does Europe want a single market?-Malcolm Levitt
The shortcomings of Europe's single market for financial services extend farbeyond securities markets. Consumers lose, and politicians seem to lack thestomach for reform. Radical change, including the swift adoption of AlexandreLamfalussy's…
Gemany's Hans Eichel's shock to the system-article
The decision of Hans Eichel, the German finance minister, to establish a unifiedfinancial services regulator came as a surprise to many, and a bitter shock to theBundesbank, which had lobbied to take over bank supervision itself. KlausEngelen reports.
Joint euro steering group to tackle counterfeiters
The European Central Bank, European Commission and Europol on Mar 7, 2001 said they had jointly developed an action plan to combat would-be euro cash counterfeiters.
Berlin cbank president opposes ECB rate cut-paper
The European Central Bank shouldn't move to cut interest rates before euro-zone inflation reaches 2.2%, Landeszentralbank president Klaus-Dieter Kuehbacher said in an interview.
Japan foreign reserves fall in Feb on weak euro
Japan's foreign reserves, the largest in the world, fell in Feb 2001 for the first time in six months, hit in part by a decline in the euro, a Finance Ministry (MOF) official said on Mar 7.
ECB official attacks German bank supervisor revamp
European Central Bank Directorate Member Tommaso Padoa-Schioppa was reported on Mar 4, 2001 as reiterating the ECB's objections to German government plans to strip the Bundesbank of its banking watchdog duties.
Bank of France denies euro printing problems
The Bank of France on Mar 5, 2001 denied a senior politician's claim that France might not print its full quota of euro banknotes by the time the single currency goes into circulation on January 1, 2002.
Duisenberg says euro zone not hit by U.S. slowdown
European Central Bank President Wim Duisenberg said on Mar 5, 2001 there were no firm signs that the U.S. economic slowdown was spilling over to the euro zone and that there was little likelihood of a near term change in interest rates.
ECB mulls voting change due to EU enlargement
European Central Bank President Wim Duisenberg admitted for the first time on Mar 5, 2001 that European Union expansion could blunt the effectiveness of ECB policy-making and the bank's structure may need to adapt.
Fabius cool to idea of ECB counterweight - paper
French Finance Minister Laurent Fabius has distanced himself from suggestions there should be an "economic government" for the euro zone to form a counterweight to the European Central Bank, according to a newspaper interview published on Mar 2, 2001.
Dublin ECB date in doubt on foot-and-mouth fears
The likelihood of a planned European Central Bank meeting taking place in Dublin later this month was thrown into doubt on Mar 2, 2001 as Ireland stepped up measures against the risk of foot-and-mouth disease
ECB surprises by leaving rates unchanged
The European Central Bank on Mar 1, 2001 surprised financial markets by leaving interest rates unchanged, showing that it was not yet ready to follow a series of recent rate cuts by the world's other top central banks.
OECD's Visco -Fed should not overreact to slowdown
The U.S. Federal Reserve should not cut interest rates too much in the face of its slowing economy in case this jeopardised price stability, the chief economist for the Organisation for Economic Cooperation and Development, Ignazio Visco, warned on Mar 1.