Central Banking
Speech by A Santomero of Philadelphia Fed, 13 May
SPEECH - Santomero said in the speech titled 'Forces Shaping Philadelphia's Future' that US economic growth is likely to moderate during the second quarter from its robust 5.8 percent first-quarter pace, but that the economy is building a solid recovery.
Basel II: An Economic Assessment
WORKSHOP - Basel II: An Economic Assessment (Basel, 17-18 May 2002), a workshop jointly organised by the Basel Committee on Banking Supervision, the Centre for Economic Policy Research, and the Journal of Financial Intermediation.
IMF Economic Issues, May 2002
REPORT - Moral Hazard: Does IMF Financing Encourage Imprudence by Borrowers and Lenders? by Timothy Lane and Steven Phillips , 3 May 2002.
Bank law compromise seen in Russia
RUSSIA - The State Duma and the government have narrowed differences over a bill to curtail the powers of the Central Bank, Deputy Prime Minister Alexei Kudrin said Monday.
Eurosystem reserves down 0.1 bln eur to 10 May
GERMANY - The European Central Bank said eurosystem net foreign currency reserves fell 0.1 bln eur to 258.2 bln in the week ending 10 May on account of customer and portfolio transactions.
Argentina pays down 680 mln US$ World Bank debt
ARGENTINA - The government paid down yesterday a 680 mln US$ instalment on a World Bank loan from central bank reserves, the economy minister Roberto Lavagna, said.
Euro Parliament approves Papademos' appointment
FRANCE - The European Parliament has approved the nomination of Lucas Papademos, the governor of the Central Bank of Greece, as vice-president at the Central European Bank.
Polish cen bank dep chairman favours fixed ex rate
POLAND - Central bank deputy chairman Andrzej Bratkowski said the economy could benefit from a fixed zloty rate in a situation when the inflow of foreign capital linked with the prospect of Poland's EU accession will continue to strengthen the zloty.
House of Commons Treasury Committee
PRESS RELEASE - Bank of England Monetary Policy Committee: Confirmation hearings for new members, 14 May.
Hugh Fletcher appointed to NZ Reserve Bank board
NEW ZEALAND - Hugh Fletcher, the former head of Fletcher Challenge, has been appointed as a non-executive director of the Reserve Bank and Rod Carr has been confirmed as acting governor for up to six months, the New Zealand government announced today.
Brazilian bank chief's warning
BRAZIL - Arminio Fraga, president of Brazil's central bank, said yesterday that he was worried by "a certain lack of coherence" in the economic programmes offered by candidates for the October presidential election.
Eurozone economy to grow 2.5% at year-end
SPAIN - The rate of economic recovery in the eurozone is unclear but the economy should probably be growing at about 2.5 per cent at the end of this year, European Central Bank (ECB) vice-president Christian Noyer said on Sunday.
Bank governor George dismisses 'double-dip' chance
UK - The world's leading economies are not expected to fall prey to the much-dreaded "double-dip downturn", Sir Edward George, governor of the Bank of England, said yesterday.
Issues in Electronic Banking: An Overview
RESEARCH - IMF Policy Discussion Paper 02/6 by Andrea Schaechter, Monetary and Exchange Affairs Department.
RBA Statement on Monetary Policy
REPORT - Reserve Bank of Australia, Statement on Monetary Policy, 10 May.
Statement by Governor for the Republic of China
PRESS RELEASE - Statement by the Governor for the Republic of China at the 35th Annual Meeting of the Asian Development Bank, Fai-nan Perng, 11 May.
Speech by T Latter, Deputy Chief Exec HKMA, 13 May
SPEECH - In the speech titled 'Who or what determines monetary policy in Hong Kong?' Latter suggests that the aim of monetary stability would not be assisted by altering the current arrangements, whether by pinning our currency to that of Hong Kong's…
Brazil's central bank calms inflation fears
BRAZIL - Arminio Fraga, the president of the Brazilian central bank, on Friday sought to alleviate concern over accelerating inflation after the consumer price index posted a 0.8 per cent increase in April. This brings the increase in consumer prices…
Chicago fed forum evolves into Basel 2 battle
FEATURE - The big question posed at this year's premier bank policy event was how to break regulators' tendency to exacerbate business cycles by backing off in boom times and cracking down when the economy slows.
Syrian premier meets Jordanian banking delegation
SYRIA - Premier Dr Muhammad Mustafa Miro on Sunday 12 May received the governor of the Jordanian Central Bank Mr Ummaya Tukan, the Director of the Jordanian Housing Bank Mr Zuhair al-Khuri, the General Director of the Jordanian Housing Bank for Financing…
Taiwan c bank chief protests name change at ADB
CHINA - Central Bank of China (CBC) Governor Perng Fai-nan on Saturday protested Taiwan's name change in the Asian Development Bank (ADB).
Iraq, Sudan c banks sign cooperation agreement
IRAQ - Iraq and Sudan today signed a banking cooperation agreement. Central Bank Governor Dr Isam Rashid Huwaysh signed the agreement for Iraq, while Bank of Sudan Governor Dr Sabir Muhammad Hasan signed it for Sudan.
Argentina fears new bank closures
ARGENTINA - Argentina's economy minister moved Sunday to soothe fears that the country's banks were too unstable to open, saying "the financial system is working solidly."
Interview with Robert Mundell
FEATURE - One hundred days after the introduction of the euro Robert Pringle spoke with its self-styled "godfather" and Nobel Prize winner Robert Mundell in an exclusive interview for the latest edition of Central Banking journal.