Central Banking
Russian Duma turns down precious metals coins bill
RUSSIA - Russia's State Duma, the lower chamber, turned down Friday a bill allowing circulation of coins made of precious metals as the legal tender along with the banknotes and coins issued by the Central Bank of Russia, or CBR.
Duma approves recommendations for auditing c bank
RUSSIA - The State Duma of the Russian Federation approved recommendations for auditing Central Bank's activities in 2001.
Kazakh president praises central bank chief
KAZAKHSTAN - President of Kazakhstan Nursultan Nazarbayev has sharply criticized national companies. "National companies have turned into feudal principalities and their leaders into princelings," Nazarbayev told the Cabinet on Thursday. But the…
Greek c banker Papademos may replace Noyer
GREECE - Greek central bank governor Lucas Papademos is emerging as a frontrunner to become the European Central Bank's next vice president, European Commission and Greek government sources said Thursday.
EU wants central banker to follow Duisenberg
GERMANY - The European Parliament doesn't want a politician to succeed Wim Duisenberg as president of the European Central Bank, a newspaper reports.
Place your bets - Eddie George for ECB president
GERMANY - The governor of the Bank of England may be cautious about joining the euro currency club, but he already stands a slim chance of becoming its next president, according to spread betting firm Financial Spreads.
Duisenberg to leave ECB in July 2003
EUROPE - Wim Duisenberg, the Dutch president of the European Central Bank, is to resign next year.
Bank of England keeps UK rates on hold
UK - The Bank of England has kept interest rates on hold following its latest rate-setting meeting.
US stimulus package fails
US - A US economic-stimulus package is all but dead after two votes in the Senate that failed to pass either version of plans crafted by Democrats and Republicans.
Japanese go for gold
FEATURE - Fears are growing again about the health of the Japanese financial system.
Argentina halts currency trading
ARGENTINA - The Argentine Government has extended the closure of banks and foreign exchange centres until 11 February, giving the market more time to prepare for a full flotation of the peso.
Wim Duisenberg's legacy
FEATURE - Wim Duisenberg, the Dutchman who has headed the European Central Bank (ECB) since its inception, is standing down in July next year.
Speech by Dino Kos of the Reserve Bank of New York
SPEECH - In the speech titled 'The Interplay of Markets and the Fed's Market Operations' Kos said 'The Federal Reserve is still considering what sort of securities it will hold in its portfolio, and is still weighing the possibility of buying Ginnie Mae…
ECB Press Conference
PRESS CONFERENCE - Introductory statement, Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Maastricht, 7 February.
Eurozone interest rates unchanged
EUROPE - The European Central Bank (ECB) has left its key interest rate unchanged at 3.25%.
ECB Press Release
PRESS RELEASE - European Central Bank, Monetary Policy Decisions, 7 February.
ECB Press Release
PRESS RELEASE - Presidency of the European Central Bank, 7 February 2002.
Bank of England - News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 7 February.
Dornbusch's Overshooting Model After 25 Years
RESEARCH - Second Annual IMF Research Conference, Mundell-Fleming Lecture, Kenneth Rogoff, Economic Counselor and Director of the IMF Research Department, 29 November 2001, (revised 22 January, 2002) released 7 February.
Testimony of US Treasury Secretary Paul O'Neill
TESTIMONY - Testimony of Treasury Secretary Paul O'Neill before the Senate Budget Committee, 7 February.
Speech from the Reserve Bank of India
SPEECH - The speech was by Shri V.K.Sharma and titled 'Indian Banking of Tomorrow'. In the speech he said Indian banks have always proved their adaptability to change and I am sure it would be possible for them to mould themselves into agile and…
Speech by Jamie Stewart of the New York Fed Bank
SPEECH - In the speech Stewart talks about shocks to the payments system resulting from 11 September. He calls the events 'unprecedented challenges to the operation of the payments system'.
Eighteen months of agony for ECB hopeful Trichet
FEATURE - As Wim Duisenberg announces the date when he will step down Bank of France Governor Jean-Claude Trichet has 18 months to fulfil France's dream that he will take Duisenberg's seat as president of the European Central Bank, the most powerful…
UK aids Czech laundering fight
UK - Britain is advising the Czech Republic on drawing up anti-money-laundering legislation and improving its financial controls as part of a EU-funded programme to be launched in Prague today.