Central Banking
Speech by Federal Reserve Governor Mark Olson
SPEECH - "The Fed does not attempt to predict market changes, but I hope the process put in place by the Congress will allow financial institutions to adjust to market changes within certain notable bounds," Fed Governor Mark Olson said in a speech on…
Speech by Federal Reserve Governor Mark Olson
SPEECH - There are no widespread problems with banks' use of so-called special purpose vehicles - accounting moves aimed at taking risks off their balance sheets that have come under scrutiny recently, Federal Reserve governor Olson said on Thursday in a…
Bank of Japan - Monetary Policy Meetings
NEWS RELEASE - Monetary Policy announcement from the Bank of Japan, 8 February.
How Much Should Central Banks Talk? A New Argument
FEATURE - The appropriate level of disclosure of central bank information is a subject that has attracted much debate. Although there is still disagreement on the matter, some sort of consensus does appear to have been reached.
G7 to discuss world recovery
CANADA - Efforts to end the world economic downturn and measures to lift the weak Japanese yen will be on the agenda when finance ministers and central bankers from the Group of Seven industrial nations meet in Ottawa, Canada.
New ECB chief 'must be French'
EUROPE - The German government has said it is up to France to choose the successor to Wim Duisenberg as president of the European Central Bank (ECB).
ECB Press Conference - Questions and answers
PRESS CONFERENCE - A transcript of the questions and answers from Thursday's ECB press conference.
Greenspan's maths skills honed on baseball
FEATURE - Even as a boy, the world's most powerful central banker avidly combed through statistics -- baseball statistics, that is.
Speech by Andrew Crockett, General Manager, BIS
SPEECH - The chief of the Basel-based Bank for International Settlements warned on Monday of growing divergence between what accountants and bank supervisors think is good practice, saying clashes were likely. The speech was titled 'Reflections on the…
Andersen hires Volcker to restore confidence
US - Accounting giant Arthur Andersen, under attack for its auditing of Enron's finances, said Sunday it has tapped former Federal Reserve Board chairman Paul Volcker to help overhaul its business procedures.
Meyer exits, search for Fed candidates gains pace
FEATURE - The departure of prize-winning economist Laurence Meyer from the Federal Reserve has given added urgency to the need to fill two empty seats on the board at a key juncture in the U.S. economy.
IMF News Brief
NEWS BRIEF - IMF's Kohler Welcomes Remes Visit, says IMF Working Closely with Argentina, 8 February.
IMF's Krueger interviewed on the Argentina crisis
FEATURE - A Commentary by Anne Krueger, First Deputy Managing Director, International Monetary Fund, El Pais, 18 January.
Russian Duma turns down precious metals coins bill
RUSSIA - Russia's State Duma, the lower chamber, turned down Friday a bill allowing circulation of coins made of precious metals as the legal tender along with the banknotes and coins issued by the Central Bank of Russia, or CBR.
Duma approves recommendations for auditing c bank
RUSSIA - The State Duma of the Russian Federation approved recommendations for auditing Central Bank's activities in 2001.
Kazakh president praises central bank chief
KAZAKHSTAN - President of Kazakhstan Nursultan Nazarbayev has sharply criticized national companies. "National companies have turned into feudal principalities and their leaders into princelings," Nazarbayev told the Cabinet on Thursday. But the…
Greek c banker Papademos may replace Noyer
GREECE - Greek central bank governor Lucas Papademos is emerging as a frontrunner to become the European Central Bank's next vice president, European Commission and Greek government sources said Thursday.
EU wants central banker to follow Duisenberg
GERMANY - The European Parliament doesn't want a politician to succeed Wim Duisenberg as president of the European Central Bank, a newspaper reports.
Place your bets - Eddie George for ECB president
GERMANY - The governor of the Bank of England may be cautious about joining the euro currency club, but he already stands a slim chance of becoming its next president, according to spread betting firm Financial Spreads.
Duisenberg to leave ECB in July 2003
EUROPE - Wim Duisenberg, the Dutch president of the European Central Bank, is to resign next year.
Bank of England keeps UK rates on hold
UK - The Bank of England has kept interest rates on hold following its latest rate-setting meeting.
US stimulus package fails
US - A US economic-stimulus package is all but dead after two votes in the Senate that failed to pass either version of plans crafted by Democrats and Republicans.
Japanese go for gold
FEATURE - Fears are growing again about the health of the Japanese financial system.
Argentina halts currency trading
ARGENTINA - The Argentine Government has extended the closure of banks and foreign exchange centres until 11 February, giving the market more time to prepare for a full flotation of the peso.