Central Banking
Bank of Japan Research Papers
RESEARCH - How Should the Recent Increase in Japan's Monetary Base Be Understood?, Bank of Japan, Policy Planning Office, 5 September.
Argentina - IMF send draft intent letter next week
ARGENTINA - The IMF is to send Argentina a draft letter of intent next week to agree terms for aid to the recession-wracked nation , Cabinet Chief Alfredo Atanasof said on Thursday just as aid hopes had appeared to fade.
BoE keeps rates on hold
UK - The Bank of England left interest rates unchanged on Thursday, as widely expected, amid concerns over a weak economic recovery and continuing volatility in stock markets.
Uruguay can pay public debt to December - cen bank
URUGUAY - Uruguay has enough funds to pay its public debt up to December using international reserves and multilateral loans, Central Bank President Julio de Brun said on Wednesday, responding to investor concerns the recession-hit country would not be…
EU states warned of deficit 'disaster'
GERMANY - A senior Bundesbank official has criticised EU member states who have run up huge budget deficits and now demand a relaxation of the terms of the Growth & Economic Stability Pact which puts strict limits on government borrowing.
Colombia: Central bank warns about capital flight
COLOMBIA - The Bank of the Republic has warned that Colombians are taking their money out of the country, a situation which was brought to the attention of the Third Senate Commission by Bank of the Republic President Miguel Urrutia Montoya.
Argentine central bank criticises economy ministry
ARGENTINA - Argentina's central bank has criticised the economy ministry for submitting a written request with the country's largest state-owned banks last week to restructure their operations, local press reported.
MPs to increase SA Reserve Bank's accountability
SOUTH AFRICA - Parliament's finance committee is to investigate ways to formalise and strengthen the accountability of the SA Reserve Bank to the legislature, Business Day reported.
Economist says ECB rate is overvalued
GERMANY - The chief economist of Deutsche Bank says he believes the ECB's key interest rate is at least a full percentage point too high.
Chicago Fed Letter, September 2002
PUBLICATION - The September 2002 issue of Chicago Fed Letter looks at how inequality is perpetuated over generations and how financial constraints among low income families may contribute to this cycle.
3rd Annual Payments Symposium Presentations
PRESENTATIONS - 'Using new technologies to transform the future of payments', sponsored by the Federal Reserve Bank of Cleveland, Columbus Marriott Northwest, Ohio, held between 6-7 June 2002.
ECB Working Paper Series
RESEARCH - 'Constructing quality-adjusted price indices: a comparison of hedonic and discrete choice models' by Nicole Jonker, September 2002. The Boskin Report (1996) concluded that the US consumer price index (CPI)overestimated the inflation by 1.1…
HM Treasury Press Release
PRESS RELEASE - Appointment of Bank of England Deputy Governor Financial Stability, 3 September. The Queen has been pleased to appoint, under the Bank of England Act 1998, Sir Andrew Large as Deputy Governor (Financial Stability) of the Bank of England…
HM Treasury Press Release
PRESS RELEASE - Sir Andrew Large's biography, 3 September.
HKMA Quarterly Bulletin, August 2002
REPORT - The Hong Kong Monetary Authority has published its Quarterly Bulletin for August 2002. The report contains an article Hong Kong's Currency Board Today: The Unexpected Challenge of Deflation.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 3/4 per cent, 4 September.
Reserve Bank of Australia News Release
NEWS RELEASE - At its meeting on 3 September the RBA Board decided to leave the cash rate target unchanged at 4.75 per cent, 4 September.
Eichel unveils new financial taskforce
GERMANY - Hans Eichel, Germany's finance minister, announced on Tuesday the creation of a new financial taskforce to combat balance sheet manipulation by corrupt managers and auditors.
Sharp growth in Pakistan surplus
PAKISTAN - Pakistan's current account surplus in the past financial year (July-June) soared to a record $2.74bn (€2.79bn, £1.77bn), up from $326m the year before, officials at the central bank in Karachi said Monday.
Gov't lifts demand deposit freeze - Argentina
ARGENTINA - Argentina's government will begin to lift the freeze on demand deposits to facilitate transactions in the depressed economy, local broadsheet La Nacion reported.
SDG unveil software to detect money laundering
INDIA - SDG Software Technologies, a Hyderabad-based surveillance software solutions provider for the financial markets, has developed BankAlert - anti-money laundering software - targeting various financial institutions including central banks and…
China, Macao agree to provide $ deposit exchange
CHINA - The Bank of China and the Monetary Authority of Macao (MAM) signed a cooperative agreement on Wednesday to provide Macao dollar deposit and exchange services.
New currency for Afghanistan
AFGHANISTAN - Afghan President Hamid Karzai on Wednesday said his government would replace its troubled afghani currency with new banknotes in a bid to bring stability to volatile exchange markets.
Australia leaves rates on hold as economy eases
AUSTRALIA - Australia's central bank left rates on hold for the third straight month Wednesday, a day after the release of June quarter figures showing lower than expected economic growth.