United States
New England Economic Review, Second Quarter 2002
PUBLICATION - Published quarterly by the Federal Reserve Bank of Boston, the journal examines economic and public policy issues, as researched by the Bank's economists and others. In the most recent edition of the New England Economic Review the journal…
Reports Krueger unhappy with Argentina plan untrue
US - The International Monetary Fund said on Monday a report in a Brazilian newspaper saying a top IMF official is unhappy with economic plans Argentina sent to the fund on Friday is "absolutely" untrue reports Reuters.
Federal Reserve Board Press Release
PRESS RELEASE - Governor Gramlich to begin treatment for leukemia, 16 August.
Minneapolis Fed Conferences and Events
CONFERENCES - The 17th Annual Electronic Payments Conference: "The e-Payments Revolution" will be held 17-18 September, 2002, at the Minneapolis Airport Marriott, Bloomington, Minn.
Economic Review from the Atlanta Fed Bank
PUBLICATION - Global Banks, Local Crises: Bad News from Argentina by Marco Del Negro and Stephen Kay, published in the Economic Review, Federal Reserve Bank of Atlanta, Third Quarter 2002, Vol 87, No 3.
Fed's Gramlich starts treatment for cancer
US - Federal Reserve Governor Edward Gramlich will begin out-patient treatment for a form of leukemia next week and medical experts believe his prognosis is good, the Federal Reserve said on Friday in a press release.
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve on Thursday released the minutes of its regular FOMC meeting held on 25-26 June. Federal Reserve policymakers expressed optimism about the economy's recovery two months ago despite the business scandals that have eroded…
Greenspan keeps his nerve
ARTICLE - More mixed economic data appear to support Alan Greenspan's cautious decision not to cut interest rates any further for the time being, reports the Economist magazine on Friday. But this week the Fed admitted that stockmarket jitters have…
Dollar falls for fourth day in five versus euro
US - The U.S. dollar fell for a fourth day in five against the euro after a Federal Reserve report showed Philadelphia-area manufacturing unexpectedly contracted this month, the latest sign the U.S. economic recovery is slowing.
Some Fed members saw policy as too easy in June
US - In late June, some members of the Federal Reserve's interest-rate panel thought monetary policy was too easy for the central bank's long-term inflation-fighting and growth goals FOMC minutes show.
Fed revises estimate on number and value of checks
US - Newly released numbers from the Federal Reserve System suggest that US check usage may have peaked in the 1990's and if so, that check writing in the U.S. may be steadily giving way to electronic forms of payment.
O'Neill sees growth, zero inflation
US - U.S. Treasury Secretary Paul O'Neill has said that the U.S. economy was set to exit 2002 in good shape with inflation benign, but exhorted corporate executives to help revitalize the economy by setting an example of honesty and integrity.
Federal Reserve Bulletin - August 2002
REPORT - The Bulletin is in two parts. Firstly the Monetary Policy Report to the Congress and an article, 'The Use of Checks and Other Noncash Payment Instruments in the United States'. The article suggests that the use of checks in the United States has…
Records show Moskow donated money to Bush fund
US - Federal Reserve Bank of Chicago President Michael Moskow donated $2,000, the maximum allowable, to President George W. Bush's election campaign, according to Federal Election Committee records.
Speech by Shigemitsu Sugisaki of the IMF, 24 July
SPEECH - In a speech titled 'The U.S. and Japan in the Global Economic System' Sugisaki said "Japan's decade-long economic slump owes much to the delays in implementing structural reform, particularly bank and corporate debt restructuring". He added …
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1 3/4 percent, 13 August.
US bank gives away money at ATM
US - Road construction is such a pain at one of Nebraska's busiest intersections that a bank is giving away money for nothing as a special surprise to some customers.
Rates held steady by Fed but easing hints given
US - The Federal Reserve on Tuesday left its key short-term interest rate unchanged but signalled concern about turbulent financial markets and hinted at a possible future easing of monetary policy.
IMF Working Paper Series
RESEARCH - Internal Models-Based Capital Regulation and Bank Risk-Taking Incentives by Paul H Kupiec, Monetary and Exchange Affairs Department, IMF, July 2002.
Economic and Financial Policy Review, Vol 1, No 2
PUBLICATION - 'Banks Venture into New Territory' by Kenneth J. Robinson, Senior Economist and Policy Advisor, Federal Reserve Bank of Dallas, Volume 1, Number 2, 2002.
Check-truncation talks today
US - Senate House Financial Services Committee staff are scheduled to meet today with bank and consumer groups to seek common ground on check-truncation legislation.
Crunch time for US economy as Fed ponder rate move
US - An indicator of US economic health will come today, as the Federal Reserve is due to announce its latest monthly interest rate decision.
Electronic Payment Usage Grows- Chicago Fed Letter
PUBLICATION - The August 2002 issue of Chicago Fed Letter explores the recent growth of online person-to person payments, the problems and opportunities faced by payment providers and future opportunities for these payments.
Chicago Fed Letter - September Special Issue 2002
PUBLICATION - The household balance sheet-Too much debt? By Francois Velde, senior economist, September (Special Issue) 2002. Are U.S. households carrying too much debt? Debt levels have grown recently to unprecedented levels. But that is nothing new, as…