Central Banking
Stamp of approval
ARTICLE - So just why has DeAnne Julius, the American former member of the Bank of England's monetary policy committee, taken out dual UK nationality? City types point darkly to a Bank of England connection.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Dallas and based on information collected before January 9, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Drachmas to euro, money exhibit opens at NY Fed
ARTICLE - The Federal Reserve is hoping that the power of money will lure visitors to a lower Manhattan exhibit at a time when other downtown museums are having trouble.
Argentine central bank chief Maccarone resigns
ARGENTINA - Argentina's central bank president, Roque Maccarone, criticised for his handling of government banking regulations, has resigned.
Let pounds and euros compete
ARTICLE - For well over a decade there has been a ceaseless political battle over whether Britain ought to join the euro. The introduction of euro notes and coins at the beginning of this year has raised the decibel level of the controversy but has not…
Germany on brink of recession
GERMANY - The German economy is teetering on the brink of official recession, officials have said, after figures showed growth in 2001 slowing to its lowest level for eight years.
Bank of England in legal action
UK - The Bank of England faces legal action by a mother who returned from maternity leave and was sacked for rejecting changes to its benefits package that made employees worse off, said Unifi, the banking and finance union.
Central bank chief warns on Russian reforms
RUSSIA - Russia's central bank president has cautioned against accelerating liberal economic reforms, saying it could undermine efforts to repay debt.
Beige book says US econ weak but shows improvement
US - The US economy started the new year on a weak note, although some scattered signs of improvement emerged, the Federal Reserve Beige Book survey has said.
Role of Taiwan's financial regulators to change
TAIWAN - Amid all the recent talk of possible consolidation in Taiwan's financial sector, relatively little attention has focused on what could prove the most important merger of all: that of the island's regulators.
Russia cancels export duty on gold
RUSSIA - The Russian government issued a resolution on 14 January abolishing a 5% export duty on gold, said a government source.
Fed's Ferguson sees economic rebound
US - The US economy is likely to rebound "before too long" given the stimulative impact of Federal Reserve rate cuts and the natural dynamics of the economy, said Roger Ferguson, the vice chairman of the Federal Reserve Board.
Fed's Meyer - A little inflation better than none
US - Outgoing Federal Reserve Governor Laurence Meyer said on Wednesday that the U.S. central bank's commitment to price stability should not be taken as a goal to eliminate inflation entirely.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Horst Kohler in a speech 'International Conference on Poverty Reduction Strategies' expressed his confidence that this conference will be an important step forward in strengthening the core of the effort to reduce world poverty-self-help and…
Currency Crises and Uncertainty About Fundamentals
WORKING PAPER - International Monetary Fund Working Paper by Alessandro Prati and Massimo Sbracia, Research Department, January 2002.
Bank of Japan Statement - Monetary Policy Meeting
NEWS RELEASE - Statement from the Bank of Japan regarding the Monetary Policy Meeting held on 16 January 2002.
Speech by US Treasury Secretary Paul O'Neill
SPEECH - US Treasury Secretary Paul O'Neill has said the outlook for the world's largest economy the United States is now "on the positive side" and predicted stronger growth later on this year.
Speech by Leszek Balcerowicz of Nat Bank of Poland
SPEECH - Balcerowicz suggests in his speech that 'The strategy on behalf of the EU should be not to delay the entry of the candidate countries into EMU but to encourage the candidates to complete structural reforms.
Argentina may float currency freely soon
ARGENTINA - Argentina's President Eduardo Duhalde has said that it may float the peso entirely in a few months time.
Shoppers and forgers move to euro
EUROPE - Two weeks after the launch of euro notes and coins, more than 90% of transactions in Ireland are being made in the currency, the country's official changeover body said.
O' Neill says US outlook 'positive'
US - US Treasury Secretary Paul O'Neill has said the outlook for the world's largest economy is now "on the positive side", predicting stronger growth later on this year.
Swiss gov't resists bid to widen cen bank mandate
SWITZERLAND - The Swiss government has resisted efforts by leftists and trade unions, during a revision of the central bank law, to make the Swiss National Bank lay equal stress on growth and employment as well as fighting inflation.
SocGen halt processing of checks from Israel banks
FRANCE - French bank Societe Generale SA (F.SGF) said Wednesday it has stopped accepting checks from its correspondent banks in Israel for a temporary period of two months amid the furore over an alleged money-laundering ring.
India RBI - Easier liquidity policy boosts econ
INDIA - The Reserve Bank of India Deputy Governor Y.V. Reddy said Wednesday that the bank will continue to follow its easier liquidity policy to boost the economy.