Central Banking
Government seeks new amendment on BI law
INDONESIA - The government has resumed talks with legislators on the long suspended amendment of the central bank law, expanding the scope of discussion from Bank Indonesia's accountability to the entire law if need be, a legislator said.
Pakistan to establish forex reserves system
PAKISTAN - The State Bank of Pakistan (SBP) is putting in place a forex reserves management system (FRMS) in order to earn maximum return for the country.
BSP chief started out as a credit investigator
FEATURE - It is hard to imagine how today's business icons once lugged heavy books to sell, worked at the school canteen, sold pens and paper.
Urdu version of Pakistan Governor's book launched
PAKISTAN - Translated edition of the book, "Pakistan-The Economy of an Elitist State", written by the Governor State Bank of Pakistan, Dr Ishrat Hussain, was formally inaugurated on Friday at a local hotel.
IMF: Argentina may spark inflation with note print
ARGENTINA - IMF Deputy Managing Director Anne Krueger said that the Argentine authorities may spark inflation if they start printing money, and thus neutralise any other economic measure taken to overcome the country's financial crisis.
Speech by Deputy Governor, Reserve Bank of India
SPEECH - In the speech Shri G.P.Muniappan said that revisions to the BIS framework on capital adequacy, now being considered by an arm of the BIS, could mean a further increase in capital requirements for banks in emerging economies. Because banks in…
Argentines angry at peso conversion
ARGENTINA - Argentines have reacted with hostility to the government's announcement that all US dollar bank accounts will be turned into the local currency, the peso.
UK Tory chief: Euro tests are 'rubbish'
UK - United Kingdom Conservative Party leader Iain Duncan Smith has called on Tony Blair to hold an early referendum on the UK adopting the European single currency.
Speech by Dr Bimal Jalan, Reserve Bank of India
SPEECH - In the speech 'Corporate Governance and Financial Sector: Some Issues' Jalan said the RBI has been working on new accounting, auditing and disclosure standards. Work is also in progress in setting better internal auditing and better system of…
Speech by Reserve Bank of New Zealand governor
SPEECH - In the speech 'Inflation targeting 14 years on' Brash says that in New Zealand's experience he has little doubt that the adoption of inflation targeting helped to provide an anchor for monetary policy in New Zealand.
Central Banker of the Year
ARTICLE - The Banker magazine published in London has awarded Mugur Isarescu, Governor of the Central Bank of Romania the title, Central Banker of the Year. Three other governors from the Philippines, Chile and Botswana won regional titles.
Speech by Robert Parry of the San Francisco Fed
SPEECH - In the speech 'The Economy in 2002' Robert Parry said on Wednesday that recent mixed economic data are encouraging and a resumption of growth is possible this quarter - but it is too early to count on.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 18 January 2002.
Bank of Japan Monthly Report January 2002
REPORT - Bank of Japan Monthly Report of Recent Economic and Financial Developments, January 2002.
Research Papers from the Bank of Japan
RESEARCH - Monetary and Economic Studies (2002) by the Bank of Japan Institute for Monetary and Economic Studies, 18 January 2002.
Fed's Parry: US recovery could happen in Q1 2002
US - San Francisco Federal Reserve President Robert Parry said on Wednesday that he expects the U.S. economy to be growing again by the second quarter of this year, and possibly earlier.
ECB - Over 90% of banknotes now replaced by euro
GERMANY - The amount of euro banknotes in circulation has reached more than 90% of the estimated number needed to replace the national banknotes circulating in the euro zone in 2001, the European Central Bank said Friday.
Croatian central bank governor considers leaving
CROATIA - The governor of the Croatian National Bank Zeljko Rohatinski is thinking about resigning his post in the near future, a top central bank source said on Friday.
Swedish inflation above level needed for EMU entry
SWEDEN - Sweden's strong inflation rate is currently running at above the rate required for EMU entry, and January's rate risks being the highest since 1993, said Handelsbanken Research, adding that the central bank now has very little scope for rate…
Argentine police probe capital flight
ARGENTINA - Argentine police, probing claims of massive capital flight, have raided local offices of several major international banks.
Bank of Japan report spurs fear of new crisis
JAPAN - The Bank of Japan considers the state of the Japanese economy to be grim. In its monthly report on recent economic and financial developments, the central bank concluded that the economy was "deteriorating broadly".
European Commission predict eurozone rebound
EUROPE - The eurozone economy may have shrunk during the last three months of 2001, but it is due for a rapid rebound, the European Commission has calculated.
Mara Raubisko approved to Bank of Latvia board
LATVIA - The Bank of Latvia council today approved Mara Raubisko as chairwoman of the board at the Bank of Latvia, LETA was informed by the bank's press secretary Edzus Vejins.
China's new gold exchange delayed but not derailed
CHINA - China's plans to open a gold exchange in Shanghai early in 2002 are still intact but laws on important details, including whether to impose the value-added tax on exchange transactions, have yet to be issued, an exchange spokeswoman said on…