Central Banking
Capital flow and soundness of regulation
LETTER - A letter published in the London Financial Times, 8 January 2002.
IMF begins mission to Argentina
ARGENTINA - An International Monetary Fund (IMF) mission is in Argentina to gather information about the debt-ridden country's new economic policies.
Speech by Dr Wellink of the Nederlandsche Bank
SPEECH - Speech by Dr. A.H.E.M. Wellink on the occasion of a symposium of the Banque de France on ' New Technologies and Monetary Policy, 30 November 2001.
End of year speeches from the Swiss National Bank
SPEECH - Introductory remarks from Jean-Pierre Roth, Bruno Gehrig and Niklaus Blattner at the Swiss National Bank end-of-year Media News Conference, Zurich, Switzerland, 7 December 2001.
IMF Working Paper on Central Bank Independence
RESEARCH - IMF Working Paper by Castellani, Francesca and Debrun, Xavier titled 'Central Bank Independence and the Design of Fiscal Institutions' and released 7 January 2002.
A second deputy governor of BOT to resign
THAILAND - The Bank of Thailand (BOT) has suffered a major blow following the resignations of two deputy governors who were accused and later cleared of charges of being involved in a 1.7 billion baht ($71.4 million) fraud committed by the defunct firm,…
Central bank chief picked Oracle of the Year
LITHUANIA - Reinoldijus Sarkinas, chairman of the board of the central Bank of Lithuania, has been named the Oracle of the Year by the business newspaper Verslo Zinios, as his forecasts on 2001 macroeconomic indicators were closest to the truth.
New euros brings old coin windfall for beggars
GERMANY - The euro's launch may be causing headaches for cashiers and heartache for nationalists around Europe, but the single currency has dumped windfall profits into the laps of an unsuspecting group: beggars.
Latvia appoints Rimsevics as new c bank head
LATVIA - The Latvian parliament has appointed Ilmars Rimsevics as Bank of Latvia president.
South Africa restructures policy committee
SOUTH AFRICA - South Africa's Monetary Policy Committee (MPC), which oversees the country's financial policies, has been restructured and will meet four times this year, the South African Reserve Bank (SARB) announced on Tuesday.
Names of two new Thai Deputy Governors chosen
THAILAND - Sources close to CentralBankNet at the Bank of Thailand have told us that the two replacement Deputy Governors at the Bank of Thailand were decided at a meeting on Monday. No press statement or news story has been released and we cannot…
Speech by Anne Krueger of the IMF
SPEECH - Address by Anne Krueger, First Deputy Managing Director, International Monetary Fund, given at the Indian Council for Research on International Economic Relations, Delhi, India, 20 December.
Speech by Kazuo Ueda of the Bank of Japan
SPEECH/ PAPER - A paper based on a speech given by Kazuo Ueda, Member of the Policy Board of the Bank of Japan, at the semi-annual meeting of the Japan Society of Monetary Economics on 29 September 2001. Previously this was only available in Japanese…
Speech by Dino Kos of the Reserve Bank of New York
SPEECH - Remarks by Dino Kos, Executive Vice President, Federal Reserve Bank of New York before the Bond Market Association, Repo and Securities Lending Conference, Roosevelt Hotel, New York, 6 December 2001.
Speech by Wim Duisenberg, President of the ECB
SPEECH - Keynote address by Dr. Willem F. Duisenberg, President of the European Central Bank, at an awards ceremony and press conference held on the eve of the introduction of the euro banknotes and coins, Frankfurt am Main, 31 December 2001.
Joint Press Conference on the euro introduction
PRESS CONFERENCE - Joint press conference given by the EU Presidency, the European Central Bank, and the European Commission on the introduction of the euro banknotes and coins, Frankfurt am Main, 3 January 2002.
ECB Press Conference
PRESS CONFERENCE - Introductory statement by Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Frankfurt am Main, 3 January 2002.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 7 January 2002.
Cautious reaction to peso devaluation
ARGENTINA - The Argentine people have reacted cautiously to their new government's decision to devalue the peso and end 10 years of parity with the US dollar in a dramatic bid to save the collapsing economy.
Japan seeks support for bank rescue
JAPAN - Japanese finance minister Heizo Takenaka is on his way to Washington in a bid to enlist US support for bailing out Japan's top banks, many of which are burdened by a mountain of bad debt.
China mulls boosting euro reserves
CHINA - Just as the initial euphoria from the introduction of notes and coins wears off, the euro has received a boost from news that China could be buying more euros to reduce its reliance on the dollar.
BIS Press Release
PRESS RELEASE - BIS Board elects new Chairman and President, 7 January 2002.
BIS c bankers see Japan's recession into 2002
SWITZERLAND - Japan's economic slump will continue throughout 2002, central bank governors from 11 major countries agreed during a monthly meeting of the Bank for International Settlements (BIS) on Monday.
ECB - ATM conversion to euro now finalised
GERMANY - The conversion of automated teller machines, or ATMs, is now finalised, the European Central Bank said Monday in an update on the euro cash changeover.