Central Banking
Legislation may see expanded role for Irish c bank
IRELAND - The Minister for Finance in Ireland, Mr McCreevy, has laid the foundation for the creation of a restructured Central Bank that will incorporate consumer protection and prudential regulation of the financial services sector.
G7 didn't discuss exchange rates says Duisenberg
US - Finance ministers and central bankers from the Group of Seven leading industrial nations didn't discuss foreign exchange during their meeting Saturday, "apart from the usual statements," European Central Bank President Wim Duisenberg said.
Volcker seen as likely to step aside at Andersen
USA - Paul A. Volcker, the former Federal Reserve chairman sought to help embattled Arthur Andersen LLP map out a future, now looks likely to step aside, deepening the crisis within the accounting firm, Monday's Wall Street Journal reported.
BOK encourages payments made via internet
SOUTH KOREA - The central bank is encouraging people to make payments of bills for taxes and public utility services through the Internet due to its convenience and efficiency, in the midst of banks' reluctance to handle such dealings at their windows.
Brazil's central bank aids debut of new SPB today
BRAZIL - The Central Bank reduced the interest rate charged banks in one-day rediscount operations from 6% to 1% a year, plus the variation of the Selic basic interest rate.
Vietnam's Interbank E-Payment System to begin May
VIETNAM - The central bank in Vietnam is intending to launch an interbank e-payment system early next month in an effort to speed up payments.
Argentina's president vows to continue reforms
ARGENTINA - Eduardo Duhalde, president of crisis-hit Argentina, has vowed to push ahead with economic reforms - but on his own terms.
Speech by Cathy Minehan, Boston Fed Bank, 20 Mar
SPEECH - Minehan said at the Annual Meeting of The Boston Industrial Development Financing Authority that the Boston-area economy is much better positioned to weather economic downturns compared to years' past.
Opinion of the Governing Council of the ECB
REPORT - Opinion of the Governing Council of the European Central Bank of 18 April 2002 on a recommendation from the Council of the European Union on the appointment of the Vice-President of the European Central Bank.
Money and Inflation in the Euro Area
RESEARCH - Paper by Stefan Gerlach of the Hong Kong Monetary Authority and Lars E.O Svensson of Princeton University, April 2002.
Allocating Bank Regulatory Powers
RESEARCH - Research paper by Charles M Kahn of the University of Illinois at Urbana-Champaign and Joao AC Santos of the Federal Reserve Bank of New York.
Speech by Alastair Clark, Bank of England, 16 Apr
SPEECH - In a speech titled 'Contingency Planning and Systemic Stability' Clark discusses one aspect of uncertainty - the response to it, contingency planning and disaster recovery from the point of view of the financial sector.
IMF World Economic Outlook, April 2002
REPORT - World Economic and Financial Surveys, World Economic Outlook, Recessions and Recoveries, International Monetary Fund, 18 April.
Press Conference on the World Economic Outlook
PRESS CONFERENCE - Press Conference on the World Economic Outlook by Kenneth Rogoff, Economic Counsellor and Director of Research, International Monetary Fund, 18 April.
Argentina "very close" to IMF accord - Report
ARGENTINA - Argentina's economy will shrink even further this year, the International Monetary Fund has warned.
Fed's Minehan sees e-payments change as inevitable
US - The shift in the financial payments and settlements system to electronic transactions is proceeding apace, and the U.S. central bank is embracing that change, Cathy Minehan, the president of the Federal Reserve Bank of Boston, said on Tuesday.
Zimbabwe to target money supply growth
ZIMBABWE - Concerted action aimed at curtailing monetary growth and increasing the output of goods and services in the economy is vital if a sustainable reduction in inflation to levels that promote investment and growth is to be achieved, warns the…
Euro position remains cautious - UK chancellor
UK - The five economic tests which will be used to measure whether it is in Britain's interests to join the euro mustn't be fudged, Chancellor of the Exchequer Gordon Brown said Friday.
Russia issues world cup commemorative coins
RUSSIA - The Central Bank 5 May will introduce commemorative gold and silver coins in denominations of 3 and 50 rubles to commemorate this summer's World Cup football (soccer) finals in Japan and South Korea.
OECD ponders action against tax havens
SWITZERLAND - Switzerland and Luxembourg could face financial sanctions if they continue to refuse to commit themselves to an international initiative against harmful tax practices.
Central banks and asset inflation
FEATURE - A modern central bank needs to watch asset prices as well as traditional inflation.
Recent comments by Bank of England MPC members
Feature - Reflection on recent comment from the nine members of the monetary policy committee of the Bank of England, 19 April.
Back from a King's vault, the lone double eagle
FEATURE - It is a $20 gold piece from 1933 that was ordered destroyed by President Franklin D. Roosevelt. Stolen from the United States Mint, it was exported for a king after the government committed the bumble of all bumbles, was contested in an…
G7 to focus on World Bank grants, terror finance
US - The Group of Seven leading industrial nations finance ministers' meeting Friday will focus on proposals to increase World Bank grants and ongoing efforts to cut off sources of terrorism finance, a senior U.S. Treasury official said Friday.