United States
Speech by J Alfred Broaddus, Richmond Fed, 5 Jun
SPEECH - In a speech titled 'An Update on the Economy and Monetary Policy' Broaddus said that the outlook for the next several quarters was 'murky' but that the recovery seemed firmly in place.
IMF to support Uruguay and Brazil
US - The International Monetary Fund has moved to provide financial help to Uruguay and Brazil, both affected by the crisis in Argentina.
Parry said Fed can be "deliberative" over rates
USA - San Francisco Federal Reserve President Robert Parry said that doubt over how long the current "modest expansion" would last leaves the Federal Reserve room to be "deliberative" over hiking interest rates.
Speech by A Santomero of Philadelphia Fed, 13 June
SPEECH - 'The U.S. Experience with a Federal Central Bank System', a speech delivered by Philadelphia Fed president Anthony Santomero at a conference in Vienna in which he explains the Fed's success and survival by its constant evolution and its dual…
Federal Reserve Board - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Board has published its Annual Report for the year ended 2001.
Is It Possible to Predict the Future?
ARTICLE - William Poole, president of the St Louis Fed, has given his opinion on economic forecasting in an article called 'Is It Possible to Predict the Future?'
Cautious optimism on recovery from Fed's Ferguson
SWEDEN - Federal Reserve Board vice-chairman Roger Ferguson delivered a buoyant appraisal of the US economy in an interview published in Swedish newspaper on Friday. "I am cautiously optimistic about the US cyclical development. A recovery is on its way…
Why the Fed should ignore the stock market
ARTICLE - Opinion from James B. Bullard and Charles M. Hokayem of the Federal Reserve Bank of St. Louis argue the Fed should not react to equity price developments because it would be 'similar to looking in a mirror', saying that such a policy would only…
Federal Reserve Beige Book, June 2002
REPORT - The Federal Reserve has issued the Beige Book for June, which states that overall economic activity expanded at a moderate pace in late April and May. The tone was one of modest but uneven growth, with some major sectors showing signs of…
Speech by Fed governor Susan S. Bies, 11 June
SPEECH - Remarks by Susan S. Bies on bank performance and corporate governance at the 112th Annual Meeting of the Tennessee Bankers Association, Hot Springs, Virginia.
Speech by Fed governor Susan S. Bies, 10 June
SPEECH - Fed governor Susan S. Bies delivered a speech on 'Lessons to be Re-Learned from Recent Breakdowns in Corporate Accounting' to the Institute of International Bankers in New York on 10 June. She attempted to outline what should be re-learned from…
Preventing country crises and corporate failures
LETTER - The most recent 'Economic Letter' published on the San Francisco Fed's website concerns 'Country Crises and Corporate Failures: Lessons for Prevention and Management?', by Reuven Glick of the Center for Pacific Basin Monetary and Economic…
Fed ends sanctions against Bank of New York
USA - The Federal Reserve has announced it is terminating its sanction against the Bank of New York because the bank has complied with its agreement to correct alleged deficiencies in preventing money laundering.
Private sector consensus on sov debt restructuring
PRESS RELEASE - A joint press release issued by private sector financial industry leaders announces a consensus inspired by market-based principles on crisis management and sovereign debt restructuring, June 11.
Atlanta Fed Working Paper, June 2002
RESEARCH - Working Paper from the Federal Reserve Bank of Atlanta on 'International Money and Common Currencies in Historical Perspective' by Gerald P. Dwyer Jr. and James R. Lothian. They conclude that the euro is likely to be serious competition for…
Speech by Thomas Dawson of the IMF, 13 Jun
SPEECH - The speech 'Stiglitz, the IMF and Globalization' continues the recent argument between the IMF and Joseph Stiglitz who Dawson describes as the IMF's Chief Critic. Dawson says in the speech "my defense for getting into the fight is the classic…
Speech by Anne Krueger, Dep MD of the IMF, 6 June
SPEECH - Anne Krueger, First Deputy Managing Director at the IMF, gave a speech on 'Sovereign Debt Restructuring and Dispute Resolution' at the Bretton Woods Committee Annual Meeting in Washington DC on June 6. She talks of the progress made on the two…
IMF response to Lerrick-Meltzer proposals
REPORT - The IMF responds to the Lerrick-Meltzer proposal to involve the private sector in the resolution of financial crises. It ultimately concludes that their proposals 'would not be a valuable addition to the existing instruments of the Fund'.
US inflation low says Fed nominee Donald Kohn
USA - Federal Reserve Board nominee Donald Kohn said on Thursday that US inflation was "pretty darn low" and that the economy was looking healthy: "we are getting awfully close to some zone of price stability if we are not probably already in it".
Argentina and IMF talks on loans to begin at last
USA - Argentina and the International Monetary Fund will begin talks next week on new loans to revive the economy. IMF spokesman Thomas Dawson remarked on Argentina's "substantial progress" in meeting conditions for the new talks, saying they "have been…
Speech by John Hawke, US Treasury Dept, 6 June
SPEECH - John D. Hawke, Jr., Comptroller of the Currency of the US Treasury Department and one of America's leading bank regulators, delivered a contraversial speech today titled 'The Road to Basel II: Good Intentions and Imposing Challenges' to the Risk…
John Hawke puts question mark over Basel Accord
USA - The Basel committee's attempts to finalise a new capital accord have been thrown into doubt in a speech by John Hawke, US Comptroller of the Currency, one of the US representatives on the committee. Speaking to a conference of commercial-sector…
Speech by former Fed chairman Paul Volcker, April
SPEECH - Paul Volcker, former chairman of the Federal Reserve, gave a speech titled 'Monetary Policy Transmission: Past and Future Challenges' to a conference on 'Financial Innovation and Monetary Transmission' sponsored by the Federal Reserve Bank of…
IMF Research Bulletin, June 2002
RESEARCH - The report includes summaries of IMF research on the empirical analysis of exchange rates and on pension reform, a country study on Brazil, as well as coverage of conferences on National Poverty Reduction Strategies and Macroeconomic Policies…