Central Banking
Discretion rules over next ECB vice-president
FRANCE - It seems that European Union leaders are trying to draw a lesson from 1998. In that year, a cloud of political controversy engulfed the European Central Bank at the moment of its creation when an undignified dispute broke out over Wim Duisenberg…
Regulators relax rules for some foreign banks
US - Federal regulators are easing the rules for some foreign banks operating in the US, freeing up about $1.6bn (Euros 1.8bn, £1.1bn) in assets and reducing some administrative costs.
Speech by Fed Reserve Governor Ed Gramlich, 1 Mar
SPEECH - In the speech titled 'Lending to lower-income households' Gramlich expressed hope on Friday that the U.S. central bank's recent moves against abusive home mortgage loans will be successful.
Reserve Bank of Australia Media Release
MEDIA RELEASE - Statement by the Governor, Ian MacFarlane. Australian Office of Financial Management cross currency interest rate swaps.
Speech by Anne Krueger of the IMF, 25 February
SPEECH - The world economy is at or near a turning point, which makes it difficult for central banks to make the right decisions on interest rates, International Monetary Fund First Deputy Managing Director Anne Krueger said in a speech titled 'Making…
Speech by Eugenio Domingo Solans, ECB, 28 Feb
SPEECH - Speech by Eugenio Domingo Solans: Despedida de la peseta, Conferencia organizada por el Colegio de Economistas de Madrid. Casino de Madrid, 28 February.
ECB Press Release
PRESS RELEASE - Derogation for Greece from the long-term calendar for TARGET closing days, 28 February.
ECB Press Release
PRESS RELEASE - The euro becomes the sole legal tender in all euro area countries, 28 February.
Bank of Japan Monetary Policy Meeting Decisions
PRESS RELEASE - At the Monetary Policy Meeting held on 28 February, the Bank of Japan decided, by majority vote, to set the following guideline for money market operations for the intermeeting period.
Nobel Laureate Nash is mathematician not economist
LETTER - Letter published in the London Financial Times from Dennis Hesseling, Brussels, Belgium, 4 March. In reply to an article published recently by the newspaper.
Alan Greenspan's stock on the rise
FEATURE - Is Alan Greenspan a monetary genius with unique insight into the US economy? Or is he a central banker with a taste for obscure diction and data who nonetheless follows a simple rule?
Sjahril verdict expected Wednesday
INDONESIA - The Central Jakarta District Court is expected to deliver a verdict in the case of Central Bank Governor Sjahril Sabirin on Wednesday.
Koizumi urged to raise spending and change cabinet
JAPAN - Senior members of Junichiro Koizumi's Liberal Democratic party, emboldened by signs of further erosion in his public popularity, Sunday urged the Japanese prime minister to ditch fiscal restraint and to change cabinet personnel.
Fraga sees room for more interest rate cuts
BRAZIL - Brazilian central bank governor Arminio Fraga said there's room for more cuts in interest rates following the 20 February decision to slash the key Selic lending rate target to 18.75% from 19%.
Niedermayer to stay in CNB post for six-year term
CZECH REPUBLIC - The current vice-governor of the Czech National Bank (CNB) Ludek Niedermayer will be renamed to his post for another six year term.
People's bank to open office in Frankfurt
CHINA - The People's Bank of China (PBOC), the central bank, plans to open a representative office in Frankfurt home of the European Central Bank (ECB) is headquartered, PBOC's press office announced.
Reynders says would not rule out top ECB job
BELGIUM - Belgian Finance Minister Didier Reynders said he had never ruled out an interest in taking the job of president of the European Central Bank, Le Soir newspaper reported on Thursday.
No Mersch comment on ECB VP position
GERMANY - Luxembourg's central bank governor, Yves Mersch, is declining comment for the time being on his interest in a potential nomination for the vice-presidency of the European Central Bank.
Fed watching moves into the realm of cyberspace
FEATURE - The Federal Reserve, set up by Congress in 1913 to provide the nation with a safer, more flexible and more stable monetary and financial system, is a quint essentially US institution - forthright, functional and for the most part, effective.
Journal of Economics and Business paper
RESEARCH - Information asymmetry in disclosure of foreign exchange risk management: can regulation be effective? By Andrew P. Marshall and Pauline Weetman.
Journal of Policy Modeling paper
RESEARCH - The European Monetary Union: were there alternatives to the ECB? A quantitative evaluation by Warwick J. McKibbin and Tomas Bok.
Czech Nat Bank vice-governor reappointed
CZECH REPUBLIC - As expected, President Vaclav Havel has reappointed Ludek Niedermayer, a vice-governor of the Czech National Bank (the central bank), to a second six-year term on the bank's rate-setting board.
Speech by Fed Chairman Alan Greenspan, 28 February
SPEECH - In the speech titled 'Saving for retirement' Greenspan said "The level of saving remains a key ingredient of economic growth, but we need to know whether the source of that saving is sustainable."
Speech by Susan Schmidt Bies of the Fed, 28 Feb
SPEECH - In the speech titled 'Strengthening the Financial System of the 21st Century through Sound Accounting and Disclosure' Bies said "It has become clear in recent months that some companies have not been completely transparent in their application…