Central Banking
International bankruptcy scheme 'easy to set up'
UK - An international bankruptcy procedure for governments could be set up quickly and easily while protecting key public services from creditors, according to a report from a leading campaign group.
Banknote and Coin Circulation Figures - Ireland
PRESS RELEASE - Banknote and Coin Circulation Figures, 8 January 2002.
Speech by Svein Gjedrem Governor of Norges Bank
SPEECH - Address given by Norway's Central Bank Governor Svein Gjedrem at a conference hosted by the Federation of Norwegian Agricultural Cooperatives,Trondheim, 11 January 2002.
Speech by Lars Heikensten of Sweden's central bank
SPEECH - Speech by First Deputy Governor of Sweden's central bank Lars Heikensten at the Church of Sweden seminar in Rattvik: "If the World Bank were directed by Jesus Christ ...", 3 January 2002.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 11 January 2002.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Chairman Alan Greenspan at the Ninth Annual Economic Development Summit, The Greenlining Institute, Oakland, California, 10 January 2002.
Argentina's peso trades again
ARGENTINA - After three weeks which have seen Argentina default on its debts, four presidents come and go, and rioting spread in the streets, the country's currency markets are again open for business.
Yen's fall risks Malaysia devaluation
MALAYSIA - Malaysia's Prime Minister Mahathir Mohamad has said his country may be forced to devalue the ringgit, if the Japanese yen continues to decline in value.
Greenspan: non-discrimination good for business
US - Federal Reserve Chairman Alan Greenspan said on Thursday that discrimination in lending and other aspects of financial life simply makes for bad business.
Reserves up by $200m
RUSSIA - Russia's gold and foreign exchange reserves rose by $200 million to $36.7b in the week to 4 January 2002, up from $36.5b on 28 December 2001.
Poole - Job losses can rise after recovery starts
US - Recent economic data suggest that the U.S. economy has already seen the worst of the current recession, though the data show little sign about the timing and strength of an economic recovery, Federal Reserve Bank of St. Louis President William Poole…
Potmesil might become CNB Board member - Report
CZECH REP - Deputy Finance Minister Tomas Potmesil might become a hot candidate for the post of a member of the Czech National Bank (CNB) Board if President Vaclav Havel does not renew the mandate of CNB vice-governor Ludek Niedermayer, daily Pravo says…
Bk of Israel say lawmakers try to politicise them
ISRAEL - Bank of Israel Governor David Klein accused legislators Thursday of trying to politicise the central bank with a bill that would water down his authority in setting interest rates.
Canada to host G-7 meeting 8 February
CANADA - Group of Seven finance ministers and central bank governors will meet in Ottawa in February to discuss the state of the global economy, Minister of Finance Paul Martin announced Thursday.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - In the speech given 11 January 'What is Happening in the U.S. Economy?' Poole gave little direct insight into the Fed's intentions regarding interest rates. The Fed "is ready to act when required" and "ready to do nothing, when required," he…
Japan says yen's fall 'too rapid'
JAPAN - Japan's finance minister has said the yen has been falling too fast, remarks which prompted the currency's biggest rally since September.
Sweden may hold referendum on euro next year
SWEDEN - Goran Persson, Sweden's prime minister, yesterday indicated he was ready to hold a referendum on euro membership next year.
Polish ministers ease stance on bank challenge
POLAND - Poland's government appeared to be edging away from a potentially damaging legal challenge to the central bank after a meeting yesterday.
Chinese fund managers under attack
CHINA - A Chinese stock market regulator has criticised several fund managers, accusing them of exploiting regulatory loopholes to enrich themselves and their companies at the expense of the public.
Bank of England leaves interest rates unchanged
UK - Bank of England chiefs have left interest rates on hold at 4%, despite increasing evidence of the strength of the UK economy.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%.
ECB Working Papers Series
RESEARCH - European Central Bank Working Paper, Monetary policy rules, macroeconomic stability and inflation: a view from the trenches, by Athanasios Orphanides.
Speech by Bruno Gehrig of the Swiss National Bank
SPEECH - Speech by Bruno Gehrig, Vice-Chairman of the Governing Board of the Swiss National Bank, University of St Gallen, St Gallen, 9 January 2002.
Speech by J Alfred Broaddus President Richmond Fed
SPEECH - Remarks by J. Alfred Broaddus Jr, President, Federal Reserve Bank of Richmond, Virginia Commonwealth University, Richmond, VA, 8 January 2002.