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Central Banking

OECD forecasts recovery

The OECD's forecasts, while acknowledging that the world may already be in recession, suggest that the recession may not be prolonged and it still expects a sharp recovery next year. "I don't see this as a severe global recession," Chief Economist…

NZ's Brash wary of deflation

Speaking at a roadshow aimed at small businesses today the Governor of the Reserve Bank of New Zealand, Donald Brash stressed that deflation was just as much a concern as inflation with regard to defining price stability.

Time for the euro to grow up

At a lecture organised by the Centre for Economic and Policy Research in London today Richard Portes of the London Business School said that it was time for the euro to grow up, for euro authorities to assume more responsibility in the international…

Derivatives and Public Debt Management - Report

REPORT - Derivatives and Public Debt Management is again available from the International Securities Market Association following its withdrawal pending the consideration of issues raised in relation to the document, 13 November.

Speech by Michael Moskow, President, Chicago Fed

SPEECH - Speech by Michael H. Moskow, President and CEO, Federal Reserve Bank of Chicago at the Bankers' Association for Finance and Trade, 11th Annual Conference on International Trade and Finance, Hotel InterContinental, Chicago, Illinois, 25 October.

Speech by Stephen Grenville of the RBA

SPEECH - Talk by Stephen Grenville, Deputy Governor of the Reserve Bank of Australia to the Australian National University Conference on Regional Financial Arrangements in East Asia, Canberra - 12-13 November 2001.

Argentina gives details on refinancing debt

ARGENTINA - Argentina's government yesterday announced plans to refinance the debts of 10 provinces, the first leg of its effort to restructure the country's entire $155bn ( £106bn) stock of federal and provincial debt.

Swiss regulator orders audit for Israeli bank unit

SWITZERLAND - The Swiss Federal Banking Commission said Tuesday it has concluded its investigations related to the country's money laundering case against Peru's former spy chief Vladimiro Montesinos and has ordered a special audit of Bank Leumi Le…

EBRD: Russian banking reforms not enough

Russia has been slow in reforming its banking system and a key test will be how new enforcement powers given to the central bank are used, the European Bank for Reconstruction and Development (EBRD) said in a report on Tuesday.

Thai central bank re-financing

The Thai cabinet on Tuesday approved a proposal to re-finance 90 billion baht ($2.02 billion) in debts of a central bank unit set up to bail out and take over troubled financial institutions.

Speech by Svein Gjedrem Governor of Norges Bank

SPEECH - Speech by Central Bank Governor Svein Gjedrem of Norges Bank, Norway's central bank, at the conference on EMU and the euro hosted by The European Commission, Euro-Info Centre and NHO (Confederation of Norwegian Business and Industry), Oslo, 30…

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