Central Banking
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Speech by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas. The speech mentions 'The French Adam Smith' and begins with a look at the theory of the invisible hand. That one persons spending is anothers income and all benefit…
Speech by Jarle Bergo, Dep Governor Norges Bank
SPEECH - Speech by Deputy Central Bank Governor Jarle Bergo of Norges Bank. The speech titled 'Monetary policy in an uncertain world' considers Norway's current inflation policy and looks at the influence monetary policy has on the economy.
BIS Quarterly Review December 2001
REPORT - Bank for International Settlements Quarterly Review December 2001 - International banking and financial market developments.
Book Review: Political Economy of Monetary Union
BOOK REVIEW - The book, edited by Paul De Grauwe, provides a collection of key texts on the theory of monetary unions and optimal currency areas.
ECB Press Conference
PRESS CONFERENCE - ECB press conference on the occasion of the Signing of the Agreement between the European Central Bank and Europol. Willem F. Duisenberg, President of the European Central Bank, Frankfurt, 13 December 2001.
ECB Press Release
PRESS RELEASE - Signing of the agreement between the European Central Bank and Europol, 13 December 2001.
Fed officials were split over rate cut in November
US - Some Federal Reserve officials expressed discomfort last month with the rapid interest-rate cuts promoted by Fed Chairman Alan Greenspan. Others warned against moving too slowly.
IMF Koehler says political unity crucial to euro
US - International Monetary Fund Managing Director Horst Koehler said Friday that "sorting out" to process of political integration in Europe will be key to reviving a persistently weak euro.
Gov't hopes for flexibility in BOJ policy
JAPAN - The government hopes the Bank of Japan will be flexible when deciding monetary policy, minister for economic and fiscal policy Heizo Takenaka said Friday.
Latvia's parliament accepts Repse's resignation
LATVIA - Latvia's parliament has accepted the resignation of central bank president Einars Repse.
Pakistan wins official debt deal
PAKISTAN - Pakistan yesterday secured an unprecedented debt restructuring deal from the Paris Club of official creditors in recognition of its economic reforms and its role in the war in Afghanistan.
Regulators try to ease fears on capital proposals
SWITZERLAND - International banking regulators yesterday intensified efforts to meet industry concerns over the complexity of proposed new rules governing the amount of capital banks must hold.
First euro coins to be rolled out today
NETHERLANDS - Preparations for the changeover to euro notes and coins take a key psychological step forward today as citizens of France, Ireland and the Netherlands become the first in the eurozone to get their hands on the new euro coins.
Speech by Governor of the National Bank of Belgium
SPEECH - Speech by Guy Quaden, Governor of the National Bank of Belgium in Ottawa, 30 November. In the speech titled 'The Monetary Policy of the European Central Bank and the Economic outlook in the Euro Area' Guy Quaden said that the introduction of…
Speech by Michael Moskow, President, Chicago Fed
SPEECH - Speech by Michael H. Moskow, President and CEO, Federal Reserve Bank of Chicago. Michael Moskow said in the speech titled 'Cultural Transformation at the Chicago Fed' that a cultural transformation at the Federal Reserve Bank of Chicago has…
Speech by Wim Duisenberg, President of the ECB
SPEECH - Speech by Dr. Willem F. Duisenberg, President of the European Central Bank. In the speech titled 'Current fiscal and monetary policy issues in the euro area' Wim Duisenberg repeated that exerting political pressure on the central bank would…
Basel Capital Accord
PRESS RELEASE - Progress towards completion of the new Basel Capital Accord, 13 December 2001
Profits deal means euro will not be backed by gold
SPECIAL CBNET REPORT - One result of the deal to distribute the profits of the euro is that the euro will be an almost entirely paper-backed currency.
Pakistan forex reserves $4.456B 8 Dec
PAKISTAN - Pakistan's foreign exchange reserves rose to US$4.456 billion 8 December, compared with $4.404 billion 1 December, the central bank said Thursday.
Inappropriate for BOJ to buy foreign bonds
JAPAN - It is inappropriate for the Bank of Japan to buy foreign bonds as a way to ease monetary conditions as it would be viewed as foreign exchange intervention, said a former BOJ executive director Thursday.
Distribution of euros to start tomorrow
GERMANY - The mass distribution in Europe of new cash in euros begins tomorrow, when France, the Netherlands and Ireland begin to sell packets of euro coins to the public. Other countries will follow in the days ahead.
Bank Indonesia hopes to sell subsidiary in Holland
INDONESIA - Bank Indonesia said six prospective investors have shown an interest in purchasing its wholly-owned subsidiary, Indover Bank in the Netherlands.
BOK head to visit Myanmar central bank
SOUTH KOREA - Bank of Korea Gov. Chon-Chol-hwan will travel to the Southeast Asian country of Myanmar till next Monday at the invitation of Kyaw Kyaw Maung, head of Myanmar's central bank.
Kelley resignation now official at Fed
US - Federal Reserve Board Governor Edward W. Kelley Jr. officially resigned Wednesday, saying it was time "to turn my attention to my family and other personal interests."