Central Banking
ECB report says conditions right for recovery
GERMANY - European Central Bank chief Wim Duisenberg said on Tuesday conditions were right for a euro zone economic recovery although there was still uncertainty about its strength.
No need for more transparency at ECB says Noyer
BELGIUM - European Central Bank Vice President Christian Noyer said on Tuesday there was no reason for the time being to increase the banks transparency by publishing minutes of the ECB's closed-door meetings, but did not rule it at some point in the…
Trichet cautious over c bank asset price reactions
USA - People who make monetary policy should be very cautious about taking asset prices into account when they make their decisions, Jean-Claude Trichet, governor of the Bank of France, said in a speech in Chicago Tuesday.
Speech by Governor, Austrian Nationalbank, 9 Apr
SPEECH - In a speech titled 'The euro and European integration - an Austrian viewpoint' Liebscher called for continued adherence to the stability and growth pact throughout the euro zone. He called on euro zone countries to continue to prove their…
Speech by J Hurley, Ireland's central bank, 9 Apr
SPEECH - In his first public speech since assuming the governor's role, Mr Hurley signalled the need for some refinement of existing regulation following the fraud at AIB's US subsidiary, Allfirst. The Bank has serious concerns about controls that failed…
IMF Press Conference
PRESS CONFERENCE - Transcript of a Press Conference Following The International Monetary and Financial Committee Meeting, Washington, D.C., 20 April.
Press Briefing with G-24 Ministers
PRESS BRIEFING - Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, Washington, D.C., 19 April.
Speech by Lars Nyberg of Sveriges Riksbank, 22 Apr
SPEECH - In the speech titled 'The repo rate - spring 2002' Nyberg said inflation should fall in the months ahead, but for inflation to exceed target 1 to 2 years ahead. He also said there were more 'tangible' signs that the Sweden recovery picking up.
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.