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IMF News Brief

NEWS BRIEF - IMF Managing Director Horst Kohler Congratulates Yusuke Horiguchi on Appointment as First Deputy Managing Director of the Institute of International Finance, 23 July.

Orderly correction fortuitous

LETTER - Letter published in Thursday's edition of the London Financial Times, 25 July, from C. Fred Bergsten, Director, Institute for International Economics, Washington DC, US.

What the boss is for

ARTICLE - When Alan Greenspan, chairman of the US Federal Reserve Board, observed in a recent speech that "the CEO-dominant paradigm will likely continue to be viewed as the most viable form of corporate governance", he stepped into a minefield claimed…

Central Banker, Summer 2002

REPORT - The Summer 2002 edition of the St. Louis Fed's Central Banker magazine has been published. This edition includes articles on why the St. Louis Fed was chosen as the No. 1 Treasury check-processing site and asks What can banks do to better manage…

Philadelphia Fed Business Outlook Survey

REPORT - Results from July's Business Outlook Survey reflect a slower pace of activity in the region's manufacturing sector. Although most current indicators fell from their readings in June, the major indicators of output remain positive for the seventh…

The Way Ahead

ARTICLE - A Commentary by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, Far Eastern Economic Review, 25 July.

Fear and Loathing of Central Banks in America

RESEARCH - Research from the Federal Reserve Bank of Cleveland, by Michael Bryan and Bruce Champ, June 2002. In the paper the author's call the Federal Reserve "America's uneasy compromise between our wariness of concentrated financial power and our…

Cheap money and big risks

ARTICLE - Those who still hang on Alan Greenspan's every word should have little difficulty predicting the direction of US interest rates: the next change will be up, writes the FT in London on Thursday in an editorial.

Historical Model Describes 1900s Gold Standard

RESEARCH - An article in the latest edition of Economic Perspectives, from the Chicago Fed, looks at how the United States adopted the gold standard in the late nineteenth century, pegging the dollar to the British pound sterling and other currencies.

Testimony of Fed Chairman Alan Greenspan, 16 July

TESTIMONY - In testimony to the US Congress on Tuesday Greenspan said "an infectious greed" in the business community, if unpunished, could inhibit a full economic recovery. He went on to say that "the fundamentals are in place for a return to sustained…

IMF Press Release

PRESS RELEASE - Statement by Horst Kohler, Managing Director of the International Monetary Fund, on the Work Program of the Executive Board, 12 July.

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