Central Banking
World Bank and IMF joint statement on meeting
NEWS RELEASE - World Bank Group and International Monetary Fund Will Not Hold Annual Meetings.
IMF loan to secure Brazil
BRAZIL - The International Monetary Fund has approved a $15.6bn stand-by loan for Brazil in the aftermath of Tuesday's attacks on the US.
Central banks act to soften the economic blow
US - The world's central banks and financial regulators have been in constant contact over the weekend to discuss emergency measures to prevent last week's human catastrophe turning into a financial and economic disaster.
Bank of Japan told to ease liquidity
JAPAN - Masajuro Shiokawa, Japan's finance minister, yesterday, Sunday 16 September demanded that the Bank of Japan implement more monetary easing to combat any possible economic downturn as a result of last week's terrorist attacks.
Russia ponders measures to boost banking sector
RUSSIA - Russia is considering the creation of a deposit protection scheme and measures designed to increase competition within the country's poorly developed banking sector, under reform plans being drawn up for cabinet discussion this month.
Speech by William Poole, St. Louis Fed
SPEECH - William Poole, President of the Federal Reserve Bank of St. Louis gave a speech at Bradley University, Peoria, Illinois on 5 September.
Fed cuts rates but Wall Street plunges
US - Giving a sharp jolt to financial markets, the Federal Reserve cut US interest rates just one hour before the re-opening of Wall Street. (Later shares on Wall Street fell dramatically as the American markets opened after its near week long absence.)
Market fears ahead of US opening
US - Nervousness over the resumption of trading on US stock markets later on Monday has prompted further slides in global share prices.
The Economic Transition in Armenia
SPEECH - Speech given at the American University of Armenia by John Odling-Smee Director, European II Department, International Monetary Fund, Yerevan, 31 July.
Euro 2002 Information Campaign the EURO. OUR money
SPEECH - Speech delivered by Dr. Willem F. Duisenberg, President of the European Central Bank at the conference hosted by Suomen Pankki (Bank of Finland) on 17 September 2001 in Helsinkiat the Marina Congress Centre.
ECB Duisenberg: Comment on the Fed rate cut
FINLAND - European Central Bank President Wim Duisenberg said Monday 17 September that he had been informed of the U.S. Federal Reserve decision to cut interest rates by 50 basis points, but declined to comment on the ECB's own plans.
BoE/ Fed Rate Cut Suggests no coordinated effort
UK - The Bank of England said Monday 17 September that it does not comment on monetary policy decisions carried out by other central banks.
Takenaka: Can't prejudge what will say at BOJ meet
JAPAN - Japan Economy Minister Heizo Takenaka said Monday 17 September that he will keep an open mind as to what he will say at the Bank of Japan's two-day policy meeting, which starts tomorrow.
Philippines must pass anti-money laundering bill
PHILIPPINES - The Philippine government said today, Monday 17 September, the terrorist attacks in the U.S. make it more urgent for an anti-money laundering bill to be passed in the coming weeks to avoid the threat of international sanctions.
US markets to re-open on Monday
UNITED STATES - Share trading on Wall Street will now restart at 0930 New York time on Monday, the heads of the major exchanges have announced.
O'Neill sees recovery ahead
UNITED STATES - Financial centres are preparing to rescue the global economy.
Central banks boost anti-crisis moves
WORLD - Central banks around the world have stepped up their efforts to minimise the economic and financial-market fallout from the US attacks.
Argentina opens currency squabble
ARGENTINA - Argentine Economy Minister, Domingo Cavallo, has heightened economic tension in Latin America by accusing Brazilians of exacerbating the decline in the real.
New President to Ecuador Central Bank
ECUADOR - The Central Bank of Ecuador has appointed Mauricio Yepez as president, responsible for monitoring the country's economy and monetary reserves.
Speech by Sushil Wadhwani of the Bank of England
SPEECH - Sushil Wadhwani, Member of the Monetary Policy Committee, deliveved at a CEPR/ESI Conference, Helsinki, 14 September.
Edward George Governor Bank of England
SPEECH - Speech by the Governor of the Bank of England The Rt Hon Sir Edward George at the Centre for Financial Studies Seminar, Frankfurt, 13 September.
The Swedish krona and monetary policy
SPEECH - Speech by First Deputy Governor Heikensten, of Sweden's central bank at Seminar, Credit Agricole Indosuez on 5 September.
Banks voice opinion they will ride out the turmoil
UNITED STATES - Banks were quietly confident yesterday that they could survive the financial market implications of Tuesday's attacks.
ECB stresses resilience of US system
EUROPE - The European Central Bank sought yesterday to bolster confidence in world financial markets by saying that Tuesday's terrorist attacks on the US would not damage the US economic system.