Central Banking
Fed Ferguson - Timing of recovery still uncertain
US - US Federal Reserve Vice Chairman Roger Ferguson said US data had moved to be more mixed than negative but it was too early to pinpoint the timing of an economic recovery.
Federal Reserve Press Release
PRESS RELEASE - 3 January 2002. Susan Schmidt Bies and Mark W. Olson were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday in the atrium of the Board's main building in Washington.
Ukraine's monetary policy will toughen in 2002
UKRAINE - Chairman of the board of governors of the National Bank of Ukraine Anatoly Halchynsky warned on 4 January against overly optimism with regard to the 6.1% inflation rate for 2001, stressing that, given the present conditions in Ukraine, the NBU…
Ireland's euro transition outpaces EU
IRELAND - Ireland is outpacing other euro-zone countries in the euro changeover with the number of Irish pounds in circulation falling almost twice as fast as other national currencies, reports an Irish newspaper.
BSP officials fined for 'unprofessionalism'
PHILIPPINES - The Court of Appeals has fined two officials of the Bangko Sentral ng Pilipinas and a bank examiner for their "unprofessional" handling of a case involving the Rural Bank of San Miguel (RBSM).
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 9 January 2002.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 8 January 2002.
Israel's regulatory easing
ARTICLE - Some $260 billion (290.39 billion euros) in Israeli financial assets is walled up inside the country by regulations, discriminatory taxes and investor conservatism, kept pacified by high domestic interest rates.
Speech by David Dodge of Bank of Canada
SPEECH - In the speech titled 'Inflation Targeting in Canada: Experience and Lessons' Dodge said that he still expects the Canadian economy to improve by the second half of 2002 and that the Canadian economy may actually have grown in the fourth quarter…
Canada economy on track for recovery - BOC's Dodge
CANADA - Bank of Canada Governor David Dodge said on Saturday he still expects the Canadian economy to improve by the second half of 2002.
Argentina's woes are not solved
ARTICLE - The new Argentine government of President Eduardo Duhalde has started decisively. It took little time to devalue the peso and sketch out a new economic strategy. But the policy remains full of holes. Rather than follow the successful recent…
Capital flow and soundness of regulation
LETTER - A letter published in the London Financial Times, 8 January 2002.
IMF begins mission to Argentina
ARGENTINA - An International Monetary Fund (IMF) mission is in Argentina to gather information about the debt-ridden country's new economic policies.
Speech by Dr Wellink of the Nederlandsche Bank
SPEECH - Speech by Dr. A.H.E.M. Wellink on the occasion of a symposium of the Banque de France on ' New Technologies and Monetary Policy, 30 November 2001.
End of year speeches from the Swiss National Bank
SPEECH - Introductory remarks from Jean-Pierre Roth, Bruno Gehrig and Niklaus Blattner at the Swiss National Bank end-of-year Media News Conference, Zurich, Switzerland, 7 December 2001.
IMF Working Paper on Central Bank Independence
RESEARCH - IMF Working Paper by Castellani, Francesca and Debrun, Xavier titled 'Central Bank Independence and the Design of Fiscal Institutions' and released 7 January 2002.
A second deputy governor of BOT to resign
THAILAND - The Bank of Thailand (BOT) has suffered a major blow following the resignations of two deputy governors who were accused and later cleared of charges of being involved in a 1.7 billion baht ($71.4 million) fraud committed by the defunct firm,…
Central bank chief picked Oracle of the Year
LITHUANIA - Reinoldijus Sarkinas, chairman of the board of the central Bank of Lithuania, has been named the Oracle of the Year by the business newspaper Verslo Zinios, as his forecasts on 2001 macroeconomic indicators were closest to the truth.
New euros brings old coin windfall for beggars
GERMANY - The euro's launch may be causing headaches for cashiers and heartache for nationalists around Europe, but the single currency has dumped windfall profits into the laps of an unsuspecting group: beggars.
Latvia appoints Rimsevics as new c bank head
LATVIA - The Latvian parliament has appointed Ilmars Rimsevics as Bank of Latvia president.
South Africa restructures policy committee
SOUTH AFRICA - South Africa's Monetary Policy Committee (MPC), which oversees the country's financial policies, has been restructured and will meet four times this year, the South African Reserve Bank (SARB) announced on Tuesday.
Names of two new Thai Deputy Governors chosen
THAILAND - Sources close to CentralBankNet at the Bank of Thailand have told us that the two replacement Deputy Governors at the Bank of Thailand were decided at a meeting on Monday. No press statement or news story has been released and we cannot…
Speech by Anne Krueger of the IMF
SPEECH - Address by Anne Krueger, First Deputy Managing Director, International Monetary Fund, given at the Indian Council for Research on International Economic Relations, Delhi, India, 20 December.
Speech by Kazuo Ueda of the Bank of Japan
SPEECH/ PAPER - A paper based on a speech given by Kazuo Ueda, Member of the Policy Board of the Bank of Japan, at the semi-annual meeting of the Japan Society of Monetary Economics on 29 September 2001. Previously this was only available in Japanese…