Central Banking
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.
Belarusia gets currency union proposal from Russia
BELARUSIAN - The National Bank of Belarus has received proposals from the Russian government and the Central Bank of Russia for an accelerated introduction of the Russian rouble as the single currency of the Belarusian-Russian union state, the National…
Federal Reserve Board Press Release
PRESS RELEASE - Governor Gramlich to begin treatment for leukemia, 16 August.
ECB Working Paper Series
RESEARCH - 'The Industry Effects of Monetary Policy in the Euro Area' by Gert Peersman and Frank Smets, August 2002.
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.
Financial Stability Review, 2002, from the NBB
ANNUAL REVIEW - Financial Stability Review, 2002 Issue 1, from the National Bank of Belgium. The review says that the diversity of topics covered in this first FSR illustrates that financial stability issues have to be studied from a wide variety of…
Central Bank of Brazil Working Paper Series
RESEARCH - Optimal Monetary Policy, Gains from Commitment, and inflation persistence by Andre Minella, Central Bank of Brazil, August 2002.
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.
Asia central banks could be gold buyers
SINGAPORE - Asia's reserve-rich central banks are potential buyers of gold to diversify their reserve assets, even as European central banks cut their holdings, a senior official of the World Gold Council said on Monday.
Fears over delay to naming Clementi successor
UK - The UK government may delay the announcement of a new deputy governor at the Bank of England.
South African fake central bank web site shut down
SOUTH AFRICA - A Nigerian syndicate has set up an elaborate fake South African Reserve Bank web site to pull off a so-called "419" advance-fee scam in which victims are promised millions in return for their assistance in moving vast amounts of money out…
Kazakhstan's foreign currency, gold reserves up
KAZAKHSTAN - Kazakhstan's foreign currency and gold reserves, including the National Fund's finances and the National Bank's gross foreign currency and gold reserves, have gone up by 1 per cent since the beginning of August, amounting to 4.58bn dollars.
Hong Kong's credit card problems surge
HONG KONG - Credit card write-offs in Hong Kong surged to a record annualised rate of 13.63 per cent in the second quarter of this year, reflecting the slowdown in the local economy and a rise in personal bankruptcies.
Hungary president blocks probe on secret services
HUNGARY - Hungary's state president and the head of the central bank have become embroiled in growing controversy over Communist-era links with the secret services.
Iran's c bank governor says economic growth steady
IRAN - The governor of the Central Bank of Iran has said the country's economy enjoys a steady growth and that the positive trend will continue.
Russia plans jewellery sale to pay debts
RUSSIA - Some of Russia's most valuable jewellery is to be sold as part of the country's desperate search for funds to repay its debts.
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…
Bank of Japan Transparency Report
REPORT - The Self-Assessment Report on Transparency Practices for Monetary Policy, Bank of Japan, 16 August.
Sveriges Riksbank Press Release
PRESS RELEASE - Repo rate left unchanged at 4.25 per cent, 16 August.
Sveriges Riksbank Press Release
PRESS RELEASE - Preliminary financial market statistics for May and June 2002, 15 August.
Can Basel II be made to work?
ARTICLE - Latest developments in the progress of the Basel II Capital Accord have raised concerns by both US and European parties that its complexity will lead to unequal treatment. The Banker magazine, in its August 2002 edition, examines the issue and…
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…
FSA open secret anti-terrorist bunker in London
UK - The UK financial watchdog has opened an emergency headquarters to keep the financial heart of the capital beating in case of a major terrorist attack on London.