Central Banking
Fed's Ferguson sees signs of U.S. recovery
US - Federal Reserve Vice Chairman Roger Ferguson said on Wednesday that signs of a U.S. economic recovery were increasing, but that a revival in business investment held the key to the contours of the rebound.
Final day for euro changeover
EUROPE - Two months after it was introduced as a cash currency on 1 January 2002, the euro will finally become the sole legal tender in the 12 countries in the eurozone.
Currencies consigned to history
FEATURE - "A piece of Europe in our hands" is how Romano Prodi, president of the European Commission, greeted the launch of the euro.
Channel Islands agree tax haven deal
UK - Guernsey and Jersey in the Channel Islands have signed up to an international programme to block tax evasion.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Reserve Board announced on Wednesday that the Consumer Advisory Council will hold its next meeting on Thursday, March 14. The meeting will take place in Dining Room E, Terrace level, in the Board's Martin Building. The session…
Argentina debates crisis budget
ARGENTINA - Argentine leaders are on Thursday expected to debate an austerity budget aimed at finding a way out of the country's economic crisis.
Pakistan's central bank governor doing 'fine'
PAKISTAN - Following on from a heart attack scare recently we learn that Dr Ishrat Husain is now doing fine.
South African gold output falls sharply
SOUTH AFRICA - South African production of gold slipped by more than 8% in 2001, the Chamber of Mines of South Africa has reported.
BofE's George gives evidence at Treasury Committee
FEATURE - Giving evidence to the UK House of Commons Treasury Committee on Thursday, Sir Edward George, Governor of the Bank of England, said he anticipates recovery for the UK economy but that it would be slow.
Welteke: Past rate cuts will still show effect
GERMANY - Current price developments in the euro zone are "positive", but past interest rate cuts have yet to fully show their effect, Deutsche Bundesbank President Ernst Welteke said Wednesday.
RBI panel moots pool of bank directors
INDIA - The Reserve Bank of India's (RBI) consultative group of directors of banks and financial institutions has recommended creating a pool of independent directors - approved by the RBI - to join various bank boards.
Amendment of BI law to be completed soon
INDONESIA - The House of Representatives and government officials are expected to finish debate over the amendment of the central bank law within two weeks.
Speech by Sirkka Hamalainen of the ECB, 25 Feb
SPEECH - In the speech Hamalainen said the euro has been our money for over three years now and that this was long enough to have allowed the single currency to be tested in a fairly wide range of circumstances.
Polish central bank - Support early euro entry
POLAND - The European Union should encourage new members of the bloc to adopt the euro as their national currency as early as possible, the president of the Polish central bank said Monday.
Auditing guide on banks
IRELAND - Auditors of banks have been issued with guidance notes to help them decide when they should report matters of concern to the Central Bank. Similar practice notes from the Auditing Practices Board will be issued for the auditing of insurers and…
Eurogroup's Rato supports Trichet as ECB head
FRANCE - Rodrigo Rato, chairman of the group of EU finance ministers, on Thursday said the next president of the European Central Bank should be French and signalled his support to put Bank of France Governor Jean-Claude Trichet in the top job.
Hungarian ctrl bk to coordinate data after glitch
HUNGARY - The National Bank of Hungary and the Central Statistics Office, or KSH, Wednesday signed a pact to harmonize data collection, two days after the central bank revised and more than doubled the 2001 current account deficit.
Interview with Anne Krueger of the IMF
INTERVIEW - Anne Krueger, First Deputy Managing Director, International Monetary Fund, Le Monde Economie, 18 February.
Manchester United player joins eurozone collection
FEATURE - Ole Gunnar Solskjaer from Manchester United has teamed up with the United Nations Children's Fund (UNICEF) on his return from Europe to collect soon-to-be obsolete currency.
India's gold jewellery rip-off
FEATURE - Most gold jewellery advertised in India as 22-carat is of a lesser quality, a survey by the Bureau of Indian Standards (BIS) has revealed.
Aide warns over euro politics
UK - One of Chancellor Gordon Brown's closest aides has warned against allowing political pressures to influence the government's approach to the euro.
German recession confirmed
GERMANY - The German economy is officially in recession, according to official figures which have confirmed two successive quarters of contraction.
Nikkei soars ahead of deflation plan
JAPAN - Japan's top economic policy makers are meeting to finalise moves to curb spiralling deflation and stabilise the stock market.
Journal of Banking & Finance paper
RESEARCH - Risk management in the global economy: A review essay by William C. Hunter, Stephen D. Smith.