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How to face natural disasters

A report on the effects of Hurricane Katrina considers the lessons learned from managing a catastrophic event, including dealing with a sudden fall in the availability of cash and when electronic systems fail.

Polish central bank chief hits back

Describing the ruling coalition as a threat to the country's democratic system, the National Bank of Poland president, Leszek Balcerowicz, criticised a parliamentary inquiry into bank privatisation, describing it as "populist actions".

Thai governor calm over strong baht

Pridiyathorn Devakula, the governor of the Bank of Thailand governor, reassured domestic exporters and investors on Tuesday that the baht is being closely monitored and said that its current value is neither too high or low.

The benefits of Basel's Core Principles

A staff paper by Richard Podpiera of the IMF explores the relationship between banking sector performance and the quality of regulation and supervision as measured by compliance with the Basel Core Principles for Effective Banking Supervision (BCP).

Zimbabwe currency swap hits deadline

Zimbabwe's old currency ceased to become legal tender at midnight on 21 August, as the deadline ran out for citizens to exchange their notes for new denominations with three less zeroes.

Colombia raises rates to 21-month high

Colombia's central bank raised its key intervention rate on Friday to 6.75% from 6.5%. The move was expected by market observers as inflationary pressures have been building through high consumer spending, rapid growth in imports and a sharp increase in…

Bank of Japan's new executive director

Japan's finance minister, Sadakazu Tanigaki, today appointed Kiyoto Ido, a former director-general of the finance ministry's international bureau, as one of six executive directors of the Bank of Japan.

StatsCan miscount adds up to doubts

Following the revelation that Statistics Canada has miscalculated inflation numbers, this article from The Canadian Press, published Thursday 17 August, says experts are now questioning another of the agency's reports.

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