Central Banking
Speech by Wim Duisenberg, President of the ECB
SPEECH - In the speech Wim Duisenberg was very positive about the introduction of the euro and said that "there has been little evidence so far of the changeover affecting the average level of prices and we do not expect any noticeable effect on the…
Japan to unfreeze deposits of Afghan central bank
AFGHANISTAN - The Japanese government said Tuesday it will unfreeze the 77 million yen in deposits held in Japan by Afghanistan's central bank in line with the inauguration of an interim administration in the war-torn country.
Federal Reserve Press Release, 14 January
PRESS RELEASE - Laurence H. Meyer submitted his resignation Monday as a member of the Board of Governors of the Federal Reserve System, effective the last day of his term, January 31, 2002.
Federal Reserve governor Meyer to step down
US - Federal Reserve governor, Laurence H. Meyer, said today that he would step down from the seven-member board when his term expires at the end of the month.
Jakarta expected to pass new c bank law changes
INDONESIA - Indonesia's parliament said on Tuesday it expected to pass central bank law changes in February, a move that could help end year-long debate that had once soured ties with the country's main donors.
China ranks US Dlr as No 1 component of reserves
CHINA - People's Bank of China Governor Dai Xianglong on Tuesday ranked U.S. dollars as the major component of the country's foreign reserves, ahead of the euro and yen.
Better not bank on Afghani
AFGHANISTAN - Abdul Qadeer Fitrat has been appointed acting governor of Da Afghanistan Bank.
Bankers quizzed over money laundering
FRANCE - Daniel Bouton, chairman of Societe Generale, the French bank, has became the latest in a long line of prominent French businesspeople to fall foul of the country's investigating magistrates.
Blair and Straw in euro entry talks
UK - Britain yesterday held talks about the euro with Denmark and Sweden, the two other EU countries that are outside the eurozone.
China c bank chief vows reform as banker is sacked
CHINA - Central bank chief Dai Xianglong vowed on Tuesday to push gradual reforms and tighter supervision in China's first year as a WTO member as he confirmed the sacking and probe of a top commercial banker over problem loans.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - In the speech given 11 January 'The Economy' Greenspan said that the economy still faced "significant risks in the near term", even though there are signs of the downturn beginning to bottom out. He also said that despite encouraging signs, it…
Speech by Cathy Minehan, Boston Fed Bank President
SPEECH - In this speech Cathy Minehan says that "The American economy has had to absorb some extraordinary shocks over the past year or more. It has done so in remarkable fashion, even in the wake of the tragedy of September 11".
IMF Working Paper Series
RESEARCH - A Model of the Joint Distribution of Banking and Exchange-Rate Crises by Robert Flood and Nancy Marion of the Research Department of the International Monetary Fund, 10 January 2002.
IMF Press Briefing on Argentina
PRESS BRIEFING - Transcript of a Press Briefing (Teleconference) on Argentina given by Anne O. Krueger, First Deputy Managing Director, International Monetary Fund, Washington, D.C. 11 January 2002.
Speech by Eva Srejber of Sveriges Riksbank
SPEECH - Speech by Second Deputy Governor of the Sveriges Riksbank Eva Srejber at the Annual meeting of the Swedish Association of Municipal Housing Companies (SABO), 8 January 2002.
Argentina lashes out at IMF
ARGENTINA - The interim government in Argentina has criticised the International Monetary Fund and asked it to let them get on with trying to dig the country out of its economic crisis.
Minehan - Data suggest slowdown bottoming out
US - Federal Reserve Bank of Boston President Cathy Minehan said Friday that the U.S. economy slowdown appears to be reaching its end and that recovery may be in sight.
Greenspan sees risks in path to recovery
US - In his first speech on the economy in months, Federal Reserve Chairman Alan Greenspan sounded considerably more cautious about recovery prospects than private forecasters and even fellow Fed policy makers.
Pakistan central bank governor announces new plan
PAKISTAN - As of 1 July, 2002, all non-banking financial services in Pakistan, such as investment and corporate advisory service; leasing, housing finance and venture capital companies and discount houses, will be regulated by the Securities and Exchange…
Gov't intends changes to Poland's MPC and c bank
POLAND - Poland's ruling coalition, a tripartite of social democrats, agrarians and labor, followed a Wednesday no-decision from Poland's Monetary Policy Council on rates with plans to force monetary loosening on the Council through legislation.
Reserve Bank liberalises money changing in India
INDIA - The central Indian bank, the Reserve Bank of India (RBI), has liberalised money changing facilities.
Euros become majority currency in Ireland
IRELAND - The amount of euros in circulation has for the first time surpassed the amount of pounds in circulation, according to latest figures from the Central Bank of Ireland. At close of business on Thursday, the Central Bank had issued 148 million…
Vice governor appointed to Slovak central bank
SLOVAKIA - Tatra Banka board member Ivan Sramko was appointed a new central bank (NBS) vice-governor by Slovak President Rudolf Schuster in Bratislava on Friday.
Bahrain host meeting of Islamic money market group
BAHRAIN - Board members of the planned International Islamic Financial Market are to hold their first meeting in Bahrain on Tuesday to discuss steps to set up the market, Bahrain's central bank said on Monday.