Europe
New CEPR dicussion papers-Mar 2001
ARTICLE - The Centre for Economic and Policy Research are publishing four articles mostly by economist Charles Wyplosz on central bank isssues in March 2001 - Do We Know How Low Inflation Should Be?, How Risky is Financial Liberalization in the…
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.
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…
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.
EU committee on Lamfalussy report want 'call back'
The EU's Committee on Economic and Monetary Affairs Committee on Mar 6, 2001 adopted a motion for a resolution on the Lamfalussy report on securities regulation, which will be submitted to a vote in plenary session in Strasbourg on Mar 14.
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.
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.
Fiscal Federalism & European Integration-Gramlich
US Federal Reserve governor Edward M. Gramlich and Fed economist Paul R. Wood write the latest International Finance Discussion Paper titled "Fiscal Federalism and European Integration: Implications for Fiscal and Monetary Policies".
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.
EMU and Enlargement: A Review of Policy Issues
Lucio Vinhas de Souza (Erasmus University Rotterdam), Holger van Eden (NEI), Albert de Groot (NEI), Gerbert Romijn (NEI) and Elisabeth Ledrut (Dutch Central Bank) have co-authored a report "EMU and Enlargement: A Review of Policy Issues". This report is…
'Why adopt transparency? Publishing forecasts'-ECB
A new ECB working paper by Petra Geraats has been published called "Why adopt transparency? The publication of central bank forecasts". It provides an explanation for the puzzling fact why several central banks have recently abandoned the usual secrecy…
German expert wants ECB rotation after enlargement
Membership of the European Central Bank's policymaking body should be rotated once the currency bloc is expanded, a member of the German government's council of independent advisers said in a newspaper on Feb 22, 2001.
ECB's Issing-price risks more balanced, not gone
European Central Bank Chief Economist Otmar Issing reiterated on Feb 21 that while price risk in the euro zone were increasingly balanced some threats to price stability still lingered on.
ECB updates operational conditions for pay systems
On 20 February 2001, the Governing Council of the ECB updated the operational conditions for the use of eligible securities settlement systems (SSSs) in the settlement of collateral for Eurosystem credit operations.
ECB- Cross border use of collateral: users survey
The European Central Bank (ECB) on Feb 19 published a report presenting the results of a survey on the cross-border use of collateral.
Duisenberg can draw satisfaction from G7 meeting
For European Central Bank President Wim Duisenberg, Feb 17 meeting with the G7 godfathers of global finance in Palermo must have been a thoroughly satisfying experience. None of the finance ministers from the Group of Seven leading industrial countries…
IMF's Koehler sees Europe 2001 growth exceeding US
International Monetary Fund Managing Director Horst Koehler said on Feb 15 he saw European GDP growth in 2001 of some three percent against two percent expected for the United States. In a wide-ranging conversation with Italian business daily Il Sole 24…
Interview: ECB's Otmar Issing
The chief economist and executive board member of the EuropeanCentral Bank gives an inside view on the ECB's thinking: Why hasthe ECB recently started publishing macroeconomic projectionsrather than forecasts, and what do these projections mean…
Graham Bishop on Lamfalussy Wise Men Final Report
The Federal Trust set up a Working Party of senior financial practitionersto look at the "Initial Report" of the Committee of Wise Men (colloquiallyknown as the Lamfalussy Report) on the Regulation of European SecuritiesMarkets. Graham Bishop, owner of…
Bank of France raises growth forecast for Q1 2001
The Bank of France raised its forecast for first-quarter economic growth in 2001 after its latest survey of business sentiment pointed to a rosier outlook than the bank had anticipated previously. The central bank raised its forecast for first-quarter…
ECB Hamalainen-Eurozone needs structural changes
The euro zone still needs to make further strides in structural changes if it is to see a potential economic growth rate similar to that of the U.S., European Central Bank executive board member Sirkka Haemaelaeinen said on Feb 12, 2001. "Certainly, we…
Buba's Stark says ECB should meet less often
The European Central Bank should hold council meetings once a month rather than every two weeks, Bundesbank Vice President Juergen Stark said in remarks published on Feb 8, 2001. Stark, who is not a member of the ECB's council and has no say in ECB…