Central Banking
Grenville's successor at RBA?
Reserve Bank of Australia assistant governor Glenn Stevens is the leading candidate to succeed Stephen Grenville as deputy governor, according to sources close to the Reserve Bank central bank.
IMF demands investigation of Asian crisis loans
After two years and two investigations have failed to produce a single prosecution or return a single rupiah, the IMF has demanded a new investigation into alleged corruption, reports the Jakarta Post.
Central Bank of UAE asks for assets to be frozen
In a circular to the United Arab Emirates's 47 national and foreign banks, the Central Bank today requested that the assets of 30 institutions be immediately frozen.
Central bankers in Ottawa
ECB Council member Ernst Welteke, although saying that monetary policy was appropriate for the eurozone at present, warned of the dangers of money being too loose given the lag for effects to be realised.
November gloom in Japan
Despite leaving monetary policy on hold last week, the Bank of Japan downgraded its assessment of the economy on Monday, expressing concern about the impact of declining exports and output on incomes and consumer spending.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, President of the Deutsche Bundesbank, delivered at the European American Business Council, Washington, 19 November. Ernst Welteke expressed satisfaction with ECB policy, noting that the eurozone is now enjoying an …
Speech by Jurgen Stark of the Deutsche Bundesbank
SPEECH - Speech by Dr. Jurgen Stark, Deputy Governor of the Deutsche Bundesbank. The speech titled 'The euro - the new European money' considers the historical background to the euro, essential features of the new system and the future outlook for the…
Bank of Canada Review Autumn 2001
RESEARCH - Conference Summary: Revisiting the Case for Flexible Exchange Ratesby Larry Schembri. Short summary.
Speech by Dr Wellink of the Nederlandsche Bank
SPEECH - Speech by Dr. A.H.E.M. Wellink, President of the Nederlandsche Bank, on the occasion of the Russia-Netherlands Economic Forum at The Hague on 29 October.
A Look at China's Financial Reform
RESEARCH - A paper submitted to CentralBankNet by Wu Chang Ming, senior economist at the People's Bank of China, currently on secondment at the Reserve Bank of New Zealand.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Statement by IMF Managing Director, Horst Kohler, given at the Fourth WTO Ministerial Conference, Doha, 10 November.
Minimum standards for securities settlement system
REPORT - Central banks and securities regulators release recommendations for securities settlement systems, 12 November.
Brussels more confident of successful euro switch
EUROPE - With euro notes and coins less than 50 days away, the European Commission yesterday expressed optimism about a successful changeover from national currencies. The latest monthly Eurobarometer survey registered growing understanding of the single…
China's c bk chief expects to step up forex reform
CHINA - People's Bank of China Governor Dai Xianglong Monday said the country will begin to step up reform of its foreign exchange system after next month's entry into the World Trade Organization.
Germany may recover soon from economic shock
GERMANY - A German survey yesterday provided the first sign that the shock to economic confidence in the eurozone after the 11 September attacks in the US might be short-lived.
Niggles with new euro notes
NETHERLANDS - Dutch officials confirmed yesterday that 250,000 euros was snatched by a masked man from a bank in Amstelveen, near Amsterdam, shortly after a consignment was delivered on Monday. Five previous robberies in recent months, two in Italy and…
O'Neill: IMF forecast "off by a lot"
US - Responding to the drastically revised growth forecasts for the US in 2002 US Treasury secretary disagreed saying the forecast was "off by a lot".
$10bn loan for Turkey goes through
US - The IMF yesterday finalised a package of $10bn in new lending for Turkey. Arguing that it needs the loan to cover the fall off in tourist revenue and the effects of a flight to quality following September 11, Turkey had asked for $12bn.
Japan leaves rates unchanged
JAPAN - As expected, the Bank of Japan made no change to its monetary policy today, following its two-day meeting.
Bank of Poland under fire
POLAND - A Legislative tussle puts central bank's independence into question.
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - Remarks by President Santomero of the Federal Reserve Bank of Philadelphia before the Frontiers in Services Conference, Bethesda, MD, 26 October.
Speech by Roger Ferguson of the Federal Reserve
SPEECH - Remarks by Federal Reserve Board Vice Chairman Roger W. Ferguson, Jr at the American Institute of Certified Public Accountants National Conference on Banks and Savings Institutions, Washington, D.C., 8 November.
The Resolution of International Financial Crises
RESEARCH - Joint paper from the Bank of England and the Bank of Canada. By Andy Haldane of the International Finance Division, Bank of England and Mark Kruger of the International Department, Bank of Canada, November 2001.
The work of setting interest rates
FEATURE ARTICLE - By Svein Gjedrem, Governor of Norges Bank, the central bank of Norway, in Finansavisen, 9 November.