Central Banking
Argentina slowdown spells debt fears
ARGENTINA - The slowdown afflicting the global economy will prompt a worsening in the debt burden shouldered by poor countries, economic gurus have said.
Cautious thumbs-up for UK economy
UK - The British economy has slowed over the past 12 months, but remains among the strongest in the developed world, a report has said.
Speech from Reserve Bank of New Zealand governor
SPEECH - Address by Donald Brash, governor of the Reserve Bank of New Zealand, to the managers of small and medium-sized businesses in Whangarei, 21 November.
Speech by John Townend of the Bank of England
SPEECH - Speech by John Townend, Director for Europe at the Bank of England at the Institute for International Monetary Affairs Euro Symposium in Tokyo on 16 November.
RBA Bulletin - November 2001
REPORT - The Reserve Bank of Australia has published its November 2001 Bulletin, Measuring the Real Exchange Rate.
Federal Reserve Bulletin - November 2001
RESEARCH - The Economic Performance of Small Banks, 1985-2000 by William F. Bassett and Thomas F. Brady.
Bank of England Monetary Policy Committee Minutes
UK - Minutes of the Bank of England Monetary Policy Committee Meeting held on 7 & 8 November 2001.
Euro changeover may affect Sterling exchange rate
JAPAN - The introduction of euro notes and coins may have implications for the euro-sterling exchange rate, according to Bank of England's director for Europe, John Townend who was speaking in Tokyo.
NZ Brash - Real prospect NZ econ will slow greatly
NEW ZEALAND - There is a "real" prospect of a significant downturn in the New Zealand economy over the next year, allowing interest rates to be lower than previously assumed without jeopardizing price stability, Reserve Bank Governor Donald Brash said…
Bank of England minutes refocus minds in markets
UK - The minutes of November's interest rate meeting at the Bank of England released Wednesday suggest that financial markets may have been premature in assuming interest rates won't fall below their current level.
Germany slips into recession in third quarter
GERMANY - Germany's economy slipped into technical recession in the third quarter, after poor figures for gross domestic product growth confirmed a decline for the second three-month period running.
Real-time payment system operational in Russia
RUSSIA - Natalia Kochetkova, director of the payment systems and clearance department of the Central Bank announced that the bank had put into operation a system for the processing of payments in real time in Moscow and the Moscow Region.
ECB Duisenberg - EU enlargement no threat to euro
GERMANY - The planned enlargement of the European Union by a number of accession countries poses no threat to the euro currency, European Central Bank President Wim Duisenberg said Friday.
UK shouldn't miss further opportunities in Europe
UK - United Kingdom Prime Minister Tony Blair said Friday that the U.K. shouldn't miss any further opportunities in Europe particularly regarding the euro.
Cash transfer move falters in Europe
EUROPE - The European Commission's 12-year attempt to reduce charges for cross-border money transfers in Europe is in danger of collapsing because of last-minute opposition from several European Union members and fierce lobbying by banks.
ECB Issing - Euro undervalued deficit targets stay
SPAIN - European Central Bank Chief Economist Otmar Issing said Friday that the euro is undervalued and that he remains confident that the currency's value will rise in the future.
State Bank of Pakistan lifts foreign ex quotas
PAKISTAN - Pakistanis travelling abroad are now free to buy as much foreign exchange as required at the interbank exchange rate.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Closing remarks at the European Banking Congress by Ernst Welteke, President of the Deutsche Bundesbank, Frankfurt, 23 November.
Speech by Sushil Wadhwani, Bank of England
SPEECH - Speech by Dr Sushil Wadhwani of the Monetary Policy Committee of the Bank of England to the Edinburgh University Economics Society in Edinburgh on 21 November.
Speech by Wim Duisenberg, President of the ECB
SPEECH - Speech delivered by Dr. Willem F. Duisenberg, President of the European Central Bank at the plenary session of European Union Committee of the Regions, Brussels, 14 November.
Bank of Japan monthly report
REPORT - Bank of Japan, Monthly Report of Recent Economic and Financial Developments, November 2001.
Why world deflation is remote
ARTICLE - Samuel Brittan of the Financial Times explains why enough has probably been done to prevent recession spiralling out of control.
Central Bank of Russia - Annual Report 2000
ANNUAL REPORT - The Central Bank of the Russian Federation has published its annual report for the year 2000.
Row threatens Finland's euro launch
FINLAND - A row between banks and retailers in Finland is threatening to disrupt the launch euro notes and coins.