Central Banking
Argentina central bank chief 'may resign' rumour
ARGENTINA - Rumours that Central Bank Chairman Mario Blejer is considering stepping down were circulating among banks yesterday, newspaper Clarin reported.
Russia's forex reserves hit record 40bn dollars
RUSSIA - Russia's gold and hard currency reserves have broken a new record. The Central Bank of Russia's department of external and public relations announced on Thursday 16 May that they stood at 40bn dollars as of 10 May.
Carr's role settled at RBNZ
NEW ZEALAND - Rod Carr has been confirmed as Acting Governor of the Reserve Bank for the next six months, or until a permanent appointment has been made.
World's smallest ATM machine goes on display
UAE - Dubai-based Quick Line, which delivered a solution to produce labour cards for the Ministry of Labour and Social Affairs in 1994, has launched the world's smallest ATM called NanoCash.
ECB Occasional Papers Series
RESEARCH - Estimating the trend of M3 income velocity underlying the reference value for monetary growth by C. Brand, D. Gerdesmeier and B. Roffia, May 2002.
Speech by T Padoa-Schioppa of the ECB, 29 Apr
SPEECH - In the speech titled 'Competition, co-operation, public action: Three necessary drivers for European financial integration' Padoa-Schioppa expressed the benefits of the euro when saying "Market segmentation - the opposite of integration - is…
Speech by Otmar Issing of the ECB, 29 Apr
SPEECH - In a speech titled 'Monetary Policy in an Environment of Global Financial Markets' Issing said "Understanding global financial linkages is important, not least from the perspective of a central banker. Further integration of European financial…
Speech by Stefan Ingves of the IMF, 15 May
SPEECH - In the speech 'Meeting the Challenges for the Chinese Financial Sector: What Have We Learned from Other Countries?' Ingves said that over the past decade, much has been achieved in building the institutions, markets, and legal infrastructure for…
Speech by David Dodge of Bank of Canada, 14 May
SPEECH - In a speech titled 'International Financial Architecture and the Resolution of Financial Crises' Dodge reviewed the progress made in strengthening the international financial architecture, preventing global financial crises, and expediting…
Bank of England Inflation Report, May 2002
REPORT - Bank of England's quarterly Inflation Report released 15 May.
Hong Kong Monetary Authority - Annual Report 2001
ANNUAL REPORT - The Hong Kong Monetary Authority has published its annual report for 2001.
Asian Development Bank - Annual Report 2001
ANNUAL REPORT - ADB says it has met the challenges of 2001 - strengthening itself with the approval of key policies and strategies, encouraging participation and broadening partnerships, and providing loan and technical assistance where needed.
Advertisement for new governor of RBNZ
ADVERTISEMENT - The Reserve Bank of New Zealand is seeking applications for the position of Governor. The position has been advertised both within New Zealand and offshore.
IMF Survey, 14 May
REPORT - Topical coverage of the IMF's activities, policies, and research. It includes an interview with Anne Krueger on the sovereign debt plan.
Results of BIS 2000 disclosure survey
SURVEY - This report presents the results of a survey on public disclosures made by a sample of internationally active banks in 13 countries. The survey was conducted by the Basel Committee on Banking Supervision (the Committee) to promote market…
Unpublished IMF letter to the Wall Street Journal
LETTER - A letter by Thomas Dawson, Director of the IMF's External Relations Department, concerning the IMF's policy on Argentina. The Wall Street Journal declined to publish it.
RBNZ raises Official Cash Rate to 5.5%
NEW ZEALAND - Reserve Bank of New Zealand Acting Governor Rod Carr justifies the bank's decision to increase the Official Cash Rate in a statement, and warns of further increases over the year ahead.
Papademos underlines importance of M3
GERMANY - ECB vice-president designate Lucas Papademos said he supports the first pillar of the ECB's monetary policy strategy and that analysis of M3 money supply growth should continue.
BoJ's Ueda advises higher govt spending in Japan
JAPAN - Bank of Japan policy board member Kazuo Ueda said that a small rise in government spending may stimulate the economy without significantly affecting long-term interest rates and that the bank should aim for 1-2% inflation.
Argentina's central bank raises dollar sell rate
ARGENTINA - The central bank has raised the dollar sell rate to 3.24 pesos from 3.19 pesos.
UAE cb governor says abuse of hawala must stop
UAE - Sultan bin Nasser Al Suwaidi, the UAE Central Bank Governor, says abuse of the hawala (unofficial) system of money transfer must stop, but practical solutions to the challenges faced must be sought.
Riksbank's Bergstroem worries about inflation
SWEDEN - The Riksbank's deputy governor Bergstroem said the bank's research estimates wage rises of 4% over the next two years, which is not compatible with the inflation target of 2%. Further interest rate hikes may be necessary in the future.
Speech by David Dodge of Bank of Canada, 9 May
SPEECH - In the speech titled 'Canada's Recent Economic Performance' Dodge said the terrorist attacks in September created a great deal of uncertainty and the consequent aggressive lowering of interest rates resulted in annualised growth of 2 percent…
Speech by Fed Vice Chairman Roger Ferguson, 13 May
SPEECH - In a speech titled 'Reflections on Financial Literacy' Ferguson said that financial education is important to ensure U.S. residents enjoy the benefits provided by a market economy to the fullest extent possible.