Central Banking
PBOC challenged on conflict in supervisory role
CHINA - A fierce debate is raging within the Chinese Government over whether to remove from the central bank its role as supervisor of the banks and set up a new organisation that would do a better job.
Market-based monetary management in Pakistan
ARTICLE - In the late 1980s the developing countries were attracted to the growing importance of International Monetary Fund's Stabilisation Programme and the World Bank's Structural Financial Adjustment Programme to carry out the desired market-oriented…
Czech Senate okay c bank law on meeting EU needs
CZECH REPUBLIC - The Czech Senate on Wednesday approved an amendment to the Czech National Bank (CNB) bill which brings the legislation into line with European Union requirements.
Bank of Japan Tankan Report
REPORT - Bank of Japan Tankan Report, published 2 April 2002.
ECB Press Release
PRESS RELEASE - Compendium Collection of legal instruments, 28 March.
Speech by Anne Krueger of the IMF, 1 Apr
SPEECH - In the speech titled 'New Approaches to Sovereign Debt Restructuring: An Update on Our Thinking' Krueger said "Under the approach I have in mind, the essential decision-making power would be vested in the debtor and a supermajority of its…
Speech by Governor, State Bank of Pakistan, 2 Mar
SPEECH - Dr Ishrat Hussain, Governor of State Bank, delivered his keynote address at the 51st annual general meeting and prize award ceremony of the Institute of Bankers Pakistan. The address was titled 'Strategy for External Debt Management 1999 - 2004'.
IMF dilutes its role in int'l bankruptcy plan
US - The International Monetary Fund on Monday amended its proposal for developing a system to allow troubled countries to file for bankruptcy protection to give it a smaller role than creditors.
Argentina pleads for new aid
ARGENTINA - A delegation from the International Monetary Fund (IMF) has arrived in Argentina to weigh up whether to grant the stricken country fresh aid.
Japan's tankan survey shows economy nearing upturn
JAPAN - Corporate confidence in Japan stopped falling for the first time in five quarters in March but was still weak, a widely watched central bank survey showed on Monday, pointing to a modest economic rebound from June.
Tokyo, Beijing sign currency-swap deal
JAPAN - The Japanese government signed a currency-swap agreement with China on 28 March.
Speech by David Dodge of Bank of Canada, 26 Mar
SPEECH - In his most recent speech titled 'The Conduct of Monetary Policy in the Presence of Economic Shocks' Dodge touted the importance of core inflation as a wind vane for monetary policy, but offered few clues on the bank's stance on interest rates.
Bank of England External MPC Members' Papers
RESEARCH - Too Much Too Soon: Instability and Indeterminacy with Forward-Looking Rules by Nicoletta Batini and Joseph Pearlman, Discussion Paper No.8, March 2002.
Speech by Fed Reserve Governor Mark Olson, 26 Mar
SPEECH - In the speech titled 'Career Development in a Changing Economy' Federal Reserve Governor Mark Olson predicted the U.S. economy will soon see a renaissance of long-term productivity and production growth.
Speech by Otmar Issing of the ECB, 26 Mar
SPEECH - Issing said in a speech titled 'The role of monetary policy in managing economic risks' that he did not currently see any threats to the inflation outlook in the euro zone, but said on balance the risks are to the upside.
Speech by Paul Jenkins, Bank of Canada, 20 Mar
SPEECH - The speech was titled 'Global Economic and Financial Trends: Implications for Canadian Monetary Policy'. In the speech Jenkins took aim at the argument that the weak Canadian dollar reduces productivity growth.
Payments System Board Annual Report 2001
REPORT - The Reserve Bank of Australia's Payments System Board Annual Report 2001 was issued on 28 March.
Expansion of Japanese broad money supply
LETTER - In a letter published in Thursday's Financial Times a chief economist explains how the Japanese money supply is increasing through commercial banks buying of government debt as a result of low demand for loans.
Keep floating, stop worrying
FEATURE - The real case for an independent pound has nothing to do with ultra-nationalism or hostility to Europe writes Samuel Brittan in Thursday's Financial Times. He suggests the British government allow use of the euro as a parallel currency and…
Speech by A Santomero of Philadelphia Fed, 27 Mar
SPEECH - Santomero gave a speech titled 'The Importance of Financial Services' in which he said the U.S. economic recovery is well underway and the Fed has time before considering policy adjustments since inflation is contained.
Central bank still basking in Communism
FEATURE - In Russia, "independence" is usually understood as the right to act with impunity and "control" as state intervention. These peculiarities of our national perception of reality were fully in evidence during the recent skirmish over the…
India's RBI discusses gold exchange
INDIA - Reserve Bank of India's Deputy Governor Y V Reddy has proposed setting up an exchange for trading in gold as part of the efforts to develop the precious metal's market in the country and integrate it with the financial market.
BOJ 'tankan' to show Japan sentiment bottoming out
JAPAN - The Bank of Japan's closely watched 'tankan' survey is set to record its first improvement in 18 months, economists say, suggesting the long-suffering economy may be bottoming out on hopes for an export-led rebound.
Montenegro rejects any link with Yugoslav Nat bank
YUGOSLAVIA - The National Bank of Yugoslavia is not competent to represent Montenegro, officials of the tiny coastal republic have told representatives of the International Monetary Fund (IMF).