Central Banking
Speech by Svein Gjedrem of Norges Bank, 24 Aug
SPEECH - Introduction by Governor Svein Gjedrem of Norway's central bank to the ACI Nordic Congress, Panel discussion, Goteborg, 24 August.
Presentation of the IMF's Annual Report
PRESS RELEASE - The Riksbank hereby invites you to a press meeting today, at 10:00 a.m., with Graham Hacche, Deputy Director, External Relations Department, International Monetary Fund, IMF. Mr Hacche will present the IMF's Annual Report for 2001/2002,…
The IMF and Ukraine: What Really Happened
ARTICLE - A Commentary by Lorenzo Figliuoli and Bogdan Lissovolik, IMF Resident Representatives in Ukraine, Zerkalo Nedeli, 31 August. Recently the Zerkalo Nedeli newspaper has published a number of articles disparaging of the role of the International…
Committee aid search for new BIS General Manager
PRESS RELEASE - The Board of Governors of the Bank for International Settlements (BIS) has named a committee to assist in seeking a replacement for departing General Manager Andrew Crockett. Mr Crockett has announced his intention to step down at the end…
BIS starts search for Crockett successor
SWITZERLAND - The Bank for International Settlements has started to look in earnest for a new general manager with a committee of senior central bankers outlining the criteria for a successor to Andrew Crockett, a contender to take over the reins at the…
China, US 15th session of Joint Economic Committee
US - China and the United States said Monday that strong economic performance and reduced vulnerabilities in both the US and China are vital for sustaining the global recovery that is underway.
China's gold firms told prepare for liberalisation
CHINA - China's gold enterprises should gear up to prepare for changes brought by market liberalisation, said delegates attending the RNA China Gold & Precious Metals Conference in Shanghai on Monday.
HK's forex reserve amounts to 100 Billion US $
HONG KONG - The Hong Kong Monetary Authority (HKMA) announced Monday that the official foreign currency reserve assets of Hong Kong amounted to 112.3 billion US dollars at the end of August 2002.
Fed policymakers, US economic recovery on track
US - Two Federal Reserve policymakers on Monday agreed that the US economy was recovering gradually, although it has hit a few "bumps in the road".
Uruguay int'l reserves fall 0.93 pct 5/6 Sept
URUGUAY - Uruguay's international reserves fell 0.93 percent Sept. 5-6 to $742 million, the Central Bank said on Monday, amid relative stability in the financial system following a run on deposits earlier this year.
Duisenberg rules out imminent interest rate cut
EUROPE - The president of the European Central Bank, Mr Wim Duisenberg, has ruled out any imminent cut in interest rates to accelerate economic growth across the euro zone.
BIS Quarterly Review September 2002
REPORT - BIS Quarterly Review, International Banking and Financial Market Developments, September 2002. The BIS Quarterly Review released today, 9 September, is divided into two parts. The first part analyses recent developments in financial markets,…
IMF Press Release
PRESS RELEASE - IMF Approves US$30.4 Billion Stand-By Credit for Brazil, 6 September.
Letter of intent to IMF from Brazilian government
LETTER - The following item is a Letter of Intent of the government of Brazil, which describes the policies that Brazil intends to implement in the context of its request for financial support from the IMF.
Bank of England Working Paper
RESEARCH - Regulatory and 'economic' solvency standards for internationally active banks by Patricia Jackson, William Perraudin and Victoria Saporta, Bank of England. In this paper, light is shed on the solvency standards implied by current and possible…
HKMA Press Release
PRESS RELEASE - Hong Kong's Latest Foreign Currency Reserve Assets Figures Released, 9 September. The Hong Kong Monetary Authority (HKMA) announced today (Monday) that the official foreign currency reserve assets of Hong Kong amounted to US$112.3 billion…
Report says single currency boosts trade
UK - The creation of the euro has boosted trade between eurozone countries significantly, according to new research, reinforcing the argument that the single currency has created a more genuine single market in Europe.
Japan coalition set to unveil economic package
JAPAN - Japan's ruling coalition parties, fuming over a lack of action by Prime Minister Junichiro Koizumi's administration to prop up the ailing economy, are due to unveil their own policy package later on Monday.
Arab Monetary Fund chief lauds Lebanon, Egypt
LEBANON - Lebanon and Egypt represent a role model for other Arab countries in fighting money laundering and terror finance, the Arab Monetary Fund chief said Monday.
Rakesh Mohan takes over as RBI deputy governor
INDIA - India's former chief economic adviser, Rakesh Mohan, on Monday took over as a deputy governor of the Reserve Bank of India (RBI).
BIS-Central bankers see economy picking up in 2003
SWITZERLAND - Top central bankers expect the world economy to pick up speed next year after turmoil in financial markets has weighed on growth prospects this year, Bank of England Governor Sir Edward George said on Monday.
Minehan: U.S recovering despite bumps
US - Federal Reserve Bank of Boston President Cathy Minehan said on Monday that the U.S. economy is recovering gradually although it has hit a few "bumps in the road."
Global forex settlement system launched
US - The $2,000bn a day foreign exchange market, the world's biggest by far, today introduces the first ever global settlement system, the result of more than five years of talks between central banks and market participants.
BIS Working Paper Series
RESEARCH - China's asset management corporations by Guonan Ma and Ben S C Fung, August 2002.