Central Banking
ECB Noyer - Wise for China to boost euro forex
CHINA - European central bank Vice President Christian Noyer said Tuesday it was "a very wise decision" for Chinese authorities to choose to boost the amount of euros in the country's foreign exchange holdings.
Bank Negara Act change to ensure smooth operation
MALAYSIA - Amendments to the Bank Negara Malaysia (BNM) Act will ensure smooth operation in handling the BNM's credit bureau and strengthen the country's financial system.
Shiokawa - Need to consider money printing issue
JAPAN - Japanese Finance Minister Masajuro Shiokawa said Tuesday the government needs to examine various aspects of the idea of printing more money to stem deflation.
Hungary nat bank to amend reserve regulations
HUNGARY - The monetary council of the National Bank of Hungary (NBH) decided on Monday to amend the mandatory reserve regime, effective 1 February 2002, the Bank said in a statement.
UK inflation falls to record low
UK - UK inflation fell more steeply than expected last month, paving the way for further interest rate cuts to stimulate the economy.
IMF Working Paper - Exchange Rate Policy
RESEARCH - Post-Crisis Exchange Rate Policy in Five Asian Countries: Filling in the "Hollow Middle"? by Leonardo Hernandez and Peter Montiel, International Monetary Fund, November 2001.
Speech by Urban Backstrom of Sveriges Riskbank
SPEECH - Speech by Governor Urban Backstrom of Sweden's central bank at the Swedish Shareholders' Association, Stockholm, 27 November.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - Speech by William Poole, President, Federal Reserve Bank of St. Louis at the Session on: "How Transparent Should a Central Bank Be?" The Philadelphia Fed Policy Forum, Federal Reserve Bank of Philadelphia, Philadelphia, Pennsylvania, 30 November…
Two new Fed governors will attend policy meeting
US - Two new governors will take part in the Federal Reserve's interest-rate deliberations tomorrow.
New Kazakh dep prem gets seat on Nat Bank board
KAZAKHSTAN - The new deputy prime minister, Karim Masimov, has been appointed the government's representative on the board of Kazakhstan's National Bank.
US central bank HQ anthrax-free - fed reserve
US - The US Federal Reserve headquarters in Washington has been declared anthrax-free after testing negative for the germ, a spokesman said.
Argentina new bid to cut debts
ARGENTINA - Argentina's beleaguered Economy Minister, Domingo Cavallo, is preparing to announce measures to try to prevent the country defaulting on its massive debts.
IMF Working Paper Consequences of Russia's Crisis
RESEARCH - The Russian Financial Crisis and its Consequences for Central Asia by Gonzalo Pastor and Tatiana Damjanovic, International Monetary Fund, October 2001.
Speech by Jean Claude Trichet of Banque de France
SPEECH - Speech by Jean Claude Trichet, Governor of the Banque de France, at the NIKKEI Euro Symposium, London, 5 November.
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Remarks by Governor Laurence H. Meyer of the Federal Reserve Board at the Distinguished Lecture Program, Swarthmore College, Swarthmore, Pennsylvania, 5 December.
BIS Quarterly Review, December 2001
REPORT - Bank for International Settlements, Quarterly Review, 10 December 2001 International Banking and Financial Market Developments.
RBA Macfarlane says growth running at around 3 pct
AUSTRALIA - Reserve Bank Governor Ian Macfarlane said on Thursday he saw the Australian economic growth running at around three percent.
Spain to greet euro with video projection, TV show
SPAIN - Spain will welcome euro notes and coins 31 December 2001 with a television show and coordinated video projections in major squares across the country.
Rerngchai pleads innocence over baht defence
THAILAND - An extract of the unofficial translation of an open letter from former Bank of Thailand governor Rerngchai Marakanond in reply to the bank's charge against him of gross negligence for the failed baht defence.
CNB to change internal structure as of 2002
CZECH REPUBLIC - The Czech National Bank's (CNB) organisational structure will change as of 1 January 2002, and the Bank Board should deal solely with monetary issues and monetary-political decisions, says the latest edition of the Euro weekly, due out…
RBI wants to delicense money changers
INDIA - In tune with the financial sector liberalisation, the Reserve Bank of India (RBI) wants to delicense the money changers. It plans to get out of the business and wants the money changers to work as agents of public sector banks.
China to lift foreign banks' forex restrictions
CHINA - China will lift restrictions on foreign-exchange business conducted by foreign banks operating in the country, China's central bank announced via state television Sunday.
Speech by Federal Reserve Governor Ed Gramlich
SPEECH - Remarks by Federal Reserve Governor Edward M. Gramlich at the New Technologies and Monetary Policy International Symposium, Bank of France, Paris, France, 30 November.
IMF Working Paper - Australian Business Cycles
RESEARCH - Key Features of Australian Business Cycles, prepared by Paul Cashin and Sam Ouliaris, International Monetary Fund, November 2001.