Central Banking
Speech by Miyako Suda of the Bank of Japan, 5 Nov
SPEECH - Based on a speech given by Miyako Suda, Member of the Policy Board, at the Meeting on Economic and Financial Matters in Saitama on November 5, 2001. It is a translated and revised version of the Japanese text released in November. Released 25…
Speech by Eddie George, Bank of England, 19 Feb
SPEECH - In an address to the Euromoney Bond Investors' Congress George said financial markets were exaggerating the degree of monetary tightening that may or may not be on the cards.
Third Joint Central Bank Research Conference
CONFERENCE - CGFS Research Conference Programme and submitted papers: Risk Measurement and Systemic Risk.
Quaden - I'm not candidate for ECB vice presidency
BELGIUM - Belgian Central Bank Head Guy Quaden Tuesday ended weeks of speculation, saying he isn't a candidate to replace Christian Noyer as vice president of the European Central Bank.
Austrian c.banker seen as candidate for ECB
AUSTRIA - The Austrian National Bank's 49-year old deputy governor, Gertrude Tumpel-Gugerell, could be a candidate to replace Finnish ECB board member Sirkka Hamalainen, who is in charge of the ECB's money market operations, an Austrian weekly magazine…
U.S. German wages risks to German upturn - Welteke
GERMANY - European Central Bank council member Ernst Welteke said on Monday an upcoming wage round and uncertainty about the U.S. economy were risks to an upturn of the Germany economy.
Reform fears hit Tokyo markets
Japan - Two Japanese economy ministers have dashed hopes of an injection of public money into Japan's ailing banking system.
Venezuela 'declares war' on speculators
VENEZUELA - Venezuela's president Hugo Chavez has declared a "war on speculators" as prices rose after last week's currency devaluation.
IMF urged to help Argentina
ARGENTINA - The South American trade bloc, Mercosur, has appealed to international lenders to do more to help Argentina as it draws up a plan to rescue the economy.
BoE's George plays down talk of jump in UK rates
UK - Bank of England Governor Sir Edward George warned financial markets on Tuesday they should not get too carried away with the idea that British interest rates are set to rise sharply this year.
Bank of Latvia awarded as most creative State Bank
LATVIA - The Bank of Latvia received Vreneli prize at the World Money Fair in Basel, Switzerland, as the most creative state bank, a spokesman said.
Asian economies on the mend
ASIA - While many of Asia's economies are stagnating or deep in recession, anecdotal evidence emerges from Singapore, Taiwan, South Korea and Australia that a recovery could be under way.
UK and Italy in new alliance
UK - UK Prime Minister Tony Blair and his Italian counterpart Silvio Berlusconi have agreed in principle on a common position for lifting regulations on European labour and energy markets during a summit in Rome.
Armenia's central bank sends open letter to papers
ARMENIA - Chairman of Armenia's Central Bank Tigran Sargsyan sent an open letter to the editors-in-chief of the Aravot and Haykakan Zhamanak Armenian dailies.
ECB Working Paper Series
RESEARCH - Performance of monetary policy with internal central bank forecasting, by Seppo Honkapohja and Kaushik Mitra, February 2002, ECB Working Paper No. 127.
Sanctions threat to 'opaque' tax haven
UK - The government is considering imposing sanctions on Jersey, one of the Channel Islands, if it fails to comply with international action to force tax havens to improve financial transparency.
Debt relief urged for poorest seven countries
UK - Aid donor countries are to meet in London later this week to consider possible new financial support - including foreign debt relief - for the seven poorest countries of the former Soviet Union.
Speech by Glenn Stevens of the RBA, 18 Feb
SPEECH - In the speech titled 'The Economic Outlook in 2002' Stevens said economic prospects were "pretty good", although there could be a weak patch during 2002.
RBA says Australia's prospects pretty good
AUSTRALIA - The Reserve Bank of Australia said on Monday there were good reasons to be confident about the domestic economy over 2002, but warned that Japan remained the biggest risk to a global recovery.
Speech by J.C. Trichet of Banque de France, 12 Feb
SPEECH - In the speech titled 'The Euro and the Monetary Union' Bank of France Governor Jean-Claude Trichet said there were signs that the European and United States economies were bottoming out after their recent slump. "As regards the present situation…
Argentine Senator revises history
FEATURE - At a conference in London this week, Dr Rodolfo Terragno, a member of the Argentine Senate, set out to refute what he termed as the "fairy tale" version of events that shroud Argentina's experience over the past decade. He wanted to expunge any…
Central bank intervention and foreign ex rates
RESEARCH - Michel Beine, Agnes Benassy-Quere, Christelle Lecourt, Central bank intervention and foreign exchange rates: new evidence from FIGARCH estimations from the Journal Of International Money And Finance, Volume 21, Issue 1, 01-February-2002.
BOK to introduce cyber credit card in October
SOUTH KOREA - The Bank of Korea (BOK) is moving to introduce an online cyber credit card which will be available in October this year.
Bush gaffe hits yen
US - A remark by US President George W Bush about "devaluation" in Japan has caused confusion in the currency markets.