Central Banking
Bank of England External MPC Members' Papers
RESEARCH - Too Much Too Soon: Instability and Indeterminacy with Forward-Looking Rules by Nicoletta Batini and Joseph Pearlman, Discussion Paper No.8, March 2002.
Speech by Fed Reserve Governor Mark Olson, 26 Mar
SPEECH - In the speech titled 'Career Development in a Changing Economy' Federal Reserve Governor Mark Olson predicted the U.S. economy will soon see a renaissance of long-term productivity and production growth.
Speech by Otmar Issing of the ECB, 26 Mar
SPEECH - Issing said in a speech titled 'The role of monetary policy in managing economic risks' that he did not currently see any threats to the inflation outlook in the euro zone, but said on balance the risks are to the upside.
Speech by Paul Jenkins, Bank of Canada, 20 Mar
SPEECH - The speech was titled 'Global Economic and Financial Trends: Implications for Canadian Monetary Policy'. In the speech Jenkins took aim at the argument that the weak Canadian dollar reduces productivity growth.
Payments System Board Annual Report 2001
REPORT - The Reserve Bank of Australia's Payments System Board Annual Report 2001 was issued on 28 March.
Expansion of Japanese broad money supply
LETTER - In a letter published in Thursday's Financial Times a chief economist explains how the Japanese money supply is increasing through commercial banks buying of government debt as a result of low demand for loans.
Keep floating, stop worrying
FEATURE - The real case for an independent pound has nothing to do with ultra-nationalism or hostility to Europe writes Samuel Brittan in Thursday's Financial Times. He suggests the British government allow use of the euro as a parallel currency and…
Speech by A Santomero of Philadelphia Fed, 27 Mar
SPEECH - Santomero gave a speech titled 'The Importance of Financial Services' in which he said the U.S. economic recovery is well underway and the Fed has time before considering policy adjustments since inflation is contained.
Central bank still basking in Communism
FEATURE - In Russia, "independence" is usually understood as the right to act with impunity and "control" as state intervention. These peculiarities of our national perception of reality were fully in evidence during the recent skirmish over the…
India's RBI discusses gold exchange
INDIA - Reserve Bank of India's Deputy Governor Y V Reddy has proposed setting up an exchange for trading in gold as part of the efforts to develop the precious metal's market in the country and integrate it with the financial market.
BOJ 'tankan' to show Japan sentiment bottoming out
JAPAN - The Bank of Japan's closely watched 'tankan' survey is set to record its first improvement in 18 months, economists say, suggesting the long-suffering economy may be bottoming out on hopes for an export-led rebound.
Montenegro rejects any link with Yugoslav Nat bank
YUGOSLAVIA - The National Bank of Yugoslavia is not competent to represent Montenegro, officials of the tiny coastal republic have told representatives of the International Monetary Fund (IMF).
Kabul joins queue for bank services
AUSTRALIA - Two months after John Howard promised Australian help to rebuild Afghanistan's war-ravaged central bank, the Reserve Bank of Australia official chosen to advise his Afghan counterparts is still cooling his heels in Sydney, The Australian…
Decision on HKMA staff wage cuts Thursday
HONG KONG - The Exchange Fund Investment Committee will decide Thursday whether to cut salaries at the Hong Kong Monetary Authority for the new financial year starting next month, the Ming Pao reports.
Korea's c bank union criticises commerce minister
SOUTH KOREA - The labour union of South Korea's central bank blasted the commerce minister on Wednesday over his recent comments on interest rates.
Bulgarian central bank, Oracle to co-operate
BULGARIA - Bulgarian central bank (BNB) and U.S. software giant Oracle signed a two-year memorandum for co-operation on 26 March.
Indonesia to decide on new central bank deputies
INDONESIA - Parliament is in the process of choosing two new central bank deputies after receiving nominations from Bank Indonesia's troubled governor Sjahril Sabirin on Wednesday.
Slovak c bank says joining euro possible in 2007
SLOVAKIA - Central bank Governor Marian Jusko said on Wednesday Slovakia should adopt the single European currency as quickly as possible upon EU membership and urged other candidate countries to consider the same.
Central bank head in Iran faces corruption trial
IRAN - Iran's judiciary revealed on Tuesday that it intended to go ahead with the trials of the oil minister, the governor of the central bank and other senior politicians as part of an anti-corruption drive launched by the supreme leader, Ayatollah Ali…
Turk PM says IMF reforms cut too much state power
TURKEY - Turkish Prime Minister Bulent Ecevit said on Wednesday some IMF-backed reforms may have cut state power too much and crisis-hit Turkey's priority must be a return to elusive growth.
Santomero - Govt must actively regulate markets
CZECH REPUBLIC - The lack of transparency in the financial system means that the government must retain a key role in regulating that system, Federal Reserve Bank of Philadelphia president Anthony Santomero said Wednesday.
Energy prices expected to spur Brazil's inflation
BRAZIL - Strong energy prices are likely to drive Brazil's inflation higher than initially expected this year and next, the country's central bank said Wednesday.
Rise in new home sales add to evidence of recovery
US - The US economy received more signals on Wednesday that a recovery was under way, but the latest reports fuelled speculation about the strength and speed the recovery might display.
Aid returns to Argentina
ARGENTINA - Argentina has received its first financial assistance since its economy went into a nosedive last year.