Central Banking
IMF mission to Argentina seeks account access bar
ARGENTINA - The IMF will hold up disbursement of 9.5 bln usd in aid unless the government denies bank depositors any access to their accounts, government officials said after a federal judge found the ban unconstitutional.
Basle accord set to change banking landscape
SWITZERLAND - The small Swiss town of Basle will this week play host to what could go down in financial history as a momentous event: agreement in principle on new banking regulations.
Bank Negara reserves reach 2-year high
MALAYSIA - Bank Negara Malaysia's international reserves reached their highest level in two years to RM127.7 billion when they jumped RM3.6 billion at the end of June.
Chicago Fed Executive Update
REPORT - The Federal Reserve Bank of Chicago has published its Second Quarter 2002 Executive Update, released 9 July.
Indian banks woo credit card users
INDIA - India's largest commercial bank plans a credit card revolution that it hopes will increase its share of the retail banking market by 47%.
BIS Press Release
PRESS RELEASE - BIS holds Annual General Meeting and releases its 72nd Annual Report, 8 July.
Speech by A Crockett, General Manager, BIS, 8 July
SPEECH - In a speech titled 'Activities of the Bank: the year in review' at the BIS Annual General Meeting Crockett said that as an intermediator of central bank funds, the guiding principles of the Bank in serving its customers have always been…
Speech by Guillermo Ortiz, Bank of Mexico, 7 July
SPEECH - In a speech titled 'Recent Emerging Market Crises - What have we learned?' Ortiz said that the financial crises affecting emerging market economies since December 1994 shared many features that distinguish them from those that struck emerging…
BIS - Annual Report April 2001 - March 2002
ANNUAL REPORT - The Bank for International Settlements has published its Annual Report for the year ended April 2001 - March 2002.
Andrew Crockett to leave the BIS
SWITZERLAND - Andrew Crockett today announced that he would be stepping down as general manager of the Bank for International Settlements in March 2003. He delayed the announcement of his departure until the annual general meeting of the BIS in Basle in…
Argentine c banks Pignanelli denies conflict
ARGENTINA - The central bank's new chairman, Aldo Pignanelli, denied that the central bank is at loggerheads with Economy Minister Roberto Lavagna.
ECB won't discuss freeing up for ex reserves
GERMANY - Central bank reserves of foreign currency which have been seen as one answer to the Government's public finance problems are not up for discussion, the European Central Bank said Friday.
Brazil party may give its backing to IMF plan
BRAZIL - Brazil's leftwing Workers' party, which is still leading opinion polls ahead of October's presidential elections, says it may back an accord with the International Monetary Fund in order to reassure investors.
Argentina 'will not force savings swap'
ARGENTINA - Thousands of savers in Argentina will not be forced to swap their bank deposits for government bonds, the country's president has said.
An analysis of the BIS annual report
SWITZERLAND - The Bank for International Settlement's annual report, released today at the bank's annual general meeting in Basle, worked hard to put an optimistic interpretation on global economic prospects. However, amid the positive notes the report…
Speech by H Kohler, Managing Director, IMF, 1 July
SPEECH - Kohler said in a speech titled 'The Role of the IMF in the Global Economy' that the Enron and WorldCom scandals showed the international community had to worry as much about economic risks in wealthy nations as in poor countries.
Speech by Horst Kohler, MD of IMF, 21 June
SPEECH - Horst Kohler discusses 'The Role of the IMF in Safeguarding the Stability of the International Financial System' and sets out what he understands as the IMF's primary functions and goals, and how it should go about achieving them.
National Institute Economic Review, April 2002
RESEARCH - Research articles from the National Institute of Economic and Social Research.
ECB Press Conference
PRESS CONFERENCE - Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, Dr. Lucas Papademos, Vice-President of the ECB and Yves Mersch, Governor of the Banque centrale du Luxembourg, 4 July.
ECB Press Release
PRESS RELEASE - International Research Forum on Monetary Policy, 5 July.
Press Release from Sweden's central bank
PRESS RELEASE - New head for the Secretariat of the Executive Board at the Riksbank, 4 July.
Press Release from Sweden's central bank
PRESS RELEASE - Repo rate left unchanged at 4.25 per cent, 5 July.
Iran plans its first bond issue since 1979
IRAN - Iran hopes to next week issue its first international bond since the 1979 Islamic revolution, according to Mohsen Noorbakhsh, the governor of Iran's central bank.
Spain's central bank to close retail offices
SPAIN - Banco de Espana, Spain's central bank, intends to close down several of its 52 regional offices across Spain in order to reduce costs. At present, the authority operates one branch in every provincial capital of the country. Management intends to…