Central Banking
Cavallo resigns post as Argentine Economy minister
ARGENTINA - Television in Argentina broke the news that Economy Minister Domingo Cavallo resigned Thursday following several days of nationwide food riots and popular protests against the government's economic austerity policies.
Who next after Cavallo?
ARTICLE - A mass exodus from Argentina's economy ministry, culminating in the resignation of the minister Domingo Cavallo, has left few contenders to manage the country's finances.
UK economy set to outperform
UK - The UK economy grew faster than previously thought during the year to September 2001, according to new official figures.
CentralBankNet report picked up by national press
CENTRALBANKNET EXCLUSIVE REPORT - On Thursday morning CentralBankNet.com's exclusive report, released on CBNet Wednesday night, was picked up by the national press and the story was carried in Thursday's London edition of the Financial Times (page 14).
Euro notes seek forgery protection
EUROPE - Two of Europe's biggest chip developers may be working with the European Central Bank (ECB) to include tiny radio transceivers in high-value euro banknotes.
The events that triggered Argentina's crisis
ARTICLE - The people of Argentina have seen their pensions taken away, unemployment soar, inflation jump and their industries decimated.
5m euros are stolen in three months
EUROPE - Armed gangs and other criminals have stolen Euros 5m ( £3.1m) in the three months since minting and printing of euro notes and coins began, and the situation is set to worsen, European police have warned.
City watchdog to regulate e-money issuers
UK - The Financial Services Authority, the City watchdog, is to extend its regulatory reach to cover organisations issuing "electronic money" used as an alternative method of payment to credit cards.
RBA names new deputy governor
AUSTRALIA - The appointment on Thursday of Mr Glenn Stevens as deputy governor of the Reserve Bank of Australia makes him the frontrunner to become the central bank's next governor.
IMF Working Paper - Contagion and Shifting Risk
RESEARCH - IMF Working Paper - Pure Contagion and Investors Shifting Risk Appetite: Analytical Issues and Empirical Evidence by Manmohan Kumar and Avinash Persaud, September 2001.
B of E - Financial Stability Review, December 2001
NEWS RELEASE - Bank of England Publishes Financial Stability Review, 13 December 2001.
Monetary Policy Transmission in the Euro Area
CONFERENCE - Monetary Policy Transmission in the Euro Area, at the ECB (by invitation only), 18-19 December 2001.
Global '02 econ outlook shaky but not for c banks
ARTICLE - One of the biggest surprises of 2001 was how the global economy's main economic agents responded to signs of recession.
Russian c bank auditors' contest reaches final
RUSSIA - The Russian State Duma's budgetary committee recommended on 18 December to name PRICEWATERHOUSECOOPERS auditor of the Central Bank of Russia.
South Africa c bank deputy gov retires
SOUTH AFRICA - The Reserve Bank of South Africa confirmed on Wednesday that its senior deputy governor, James Cross, would be retiring for health reasons at the end of December, leaving only one deputy governor at the central bank.
BOE Dec Minutes - MPC Voted 7-2 To Hold Repo Rate
UK - Seven of the nine members of the Bank of England's Monetary Policy Committee voted to keep the repo rate on hold at 4.0% in the Dec. 4-5 meeting, according to minutes of the meeting released Wednesday.
Fed's Meyer skeptical about IMF's bankruptcy plan
US - A senior Federal Reserve policymaker expressed scepticism Tuesday about the International Monetary Fund's plan to allow debt-burdened countries to suspend payments to their creditors, saying it is unlikely to win international political support.
Gold - currency reserves of NBU grew - Yaremenko
UKRAINE - The amount of gross gold-domestic reserves of the National Bank of Ukraine made $3.259 billion by 12 December (by 29 November they made $3.153 billion).
Euro notes can be washed - But not at 90 Celsius
ARTICLE - If you wash your euro notes, make sure you don't do so at 90 degrees Celsius.
Bank of Japan aims for boost
JAPAN - The Bank of Japan has relaxed its monetary policy, providing more cash to the banking sector in a bid to boost the flagging economy.
Argentine crisis ripples spread
ARGENTINA - Riots and looting on the streets of Buenos Aires have sparked jitters among economic pundits around the world.
Last-minute deal on euro seigniorage
EUROPE - At the 11th hour, the governing council of the European Central Bank, has agreed a deal on how to share out the seigniorage profits of the euro. The pain is delayed, but Germany still loses out.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - Speech by Michael H. Moskow, President and CEO, Federal Reserve Bank of Chicago at the Federal Reserve Bank of Chicago Economic Forum, Marriott Hotel - Ft. Wayne, Indiana, 28 November.
Speech by the Governor of Danmarks Nationalbank
SPEECH - Speech by Governor Bodil Nyboe Andersen of Denmark's central bank at the Annual Meeting of the Danish Bankers Association on 5 December.