Central Banking
Thai central bank dep gov may leave Thirachai eyed
THAILAND - Thai central bank Deputy Governor Tanya Sirivedhin, the last of the top executives to have served prior to the July 1997 float of the baht, will resign, "The Nation" newspaper reports in Thailand, citing an unnamed Finance Ministry source.
Pakistan central bank injects liquidity
PAKISTAN - State Bank of Pakistan said Wednesday 10 October it has injected PKR6.7 billion into the money market through one-week repurchase agreements to ease the liquidity situation.
Singapore MAS widen policy band for FX flexibility
SINGAPORE - The Monetary Authority of Singapore said Wednesday 10 October it has decided to widen its policy band to allow a greater flexibility in managing the exchange rate, as it expects more volatility in financial markets.
S&P cuts Argentina's credit rating, bonds fall
ARGENTINA - Standard & Poor's on Tuesday 9 October cut Argentina's long-term sovereign credit rating to sit deep within junk bond territory, saying the government faces severe challenges in balancing its budget.
Speech by Sirkka Hamalainen of the ECB
SPEECH - Speech delivered by Dr. Sirkka Hamalainen, Member of the Executive Board of the European Central Bank, 12th Wirtschaftssymposium, "Global Business - Redefining the Challenge", European Business School, Oestrich-Winkel, 5 October.
Speech by the Governor of Bank Negara Malaysia
SPEECH - Speech by Y.Bhg. Tan Sri Dato' Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia at the Chartered Institute of Management Accountants (CIMA) Lecture 2001 at Mandarin Oriental, 17 September.
Speech by the governor of the Bank of Latvia
SPEECH - Einars Repse, Governor, Central Bank of Latvia, spoke at the Conference "Banking and Finance in the Baltics 2001" Riga, Latvia, 19 September.
Speech by David Klein governor of Bank of Israel
SPEECH - Speech prepared by David Klein, Governor of the Bank of Israel for A Government Discussion, 5 August.
Federal Reserve Bank of Minneapolis research
RESEARCH - Are Phillips Curves Useful for Forecasting Inflation? By Andrew Atkeson and Lee E. Ohanian both professors of economics at the University of California, Los Angeles.
The Magic's Gone
RESEARCH - A hard look at the data shows that the famous NAIRU Phillips curve does no better at forecasting inflation than a simple look at the past. From 'The Region' published quarterly by the Federal Reserve Bank of Minneapolis, September 2001.
Bank of France printing employees continue strike
FRANCE - Employees at the Bank of France's printing plant at Chamalieres in the Puy-de-Dome department yesterday continued their strike observed since 12 September.
Rates and price goals in harmony - Hamalainen
GERMANY - European Central Bank executive board member Sirkka Hamalainen said Friday 5 October in a speech that the ECB continues to pursue a "steady-hand" monetary policy, rather than an activist one following the 11 September terrorist attacks in the U…
B of E says For Ex turnover down in last 3 years
UK - Average daily spot and forward foreign exchange transactions in London are worth $504 billion a day, down 21% from $637 billion a day in 1998, the Bank of England said Tuesday 9 October.
Moldova bank president confirms new policy
MOLDOVA - The president of the National Bank of Moldova has confirmed a new policy concerning the consolidation of the banking system of the republic.
BSP says role in AMC creation limited
PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the Philippine's central bank, yesterday, Monday 8 October, said its plans for creating an independent special purpose vehicle to handle banks' bad assets are limited to providing technical advice and…
Triennial Central Bank Survey
RESEARCH - Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity 2001 published by the Bank for International Settlements, 9 October.
Germany plans central bank account register
GERMANY - Hans Eichel, Germany's finance minister, has unveiled an unprecedented package of measures to combat terrorist funding, including the creation of a central register of all bank accounts.
Japan deflation has both supply and demand causes
JAPAN - Bank of Japan Governor Masaru Hayami reiterated Tuesday 9 October that weak demand is increasingly dragging down the nation's prices but that the central bank alone can't fight deflation.
Fed rate cuts have hurt dollar versus euro - OECD
FRANCE - Aggressive interest rate reductions this year by the U.S. Federal Reserve were a factor in the dollar's decline against the euro during the summer, the Organization for Economic Cooperation and Development said Monday.
Pakistan money-laundering clampdown
PAKISTAN - The Pakistani Government is urging its expatriates working in the United Arab Emirates to send their wages home through legitimate banking channels rather than via informal means linked to money-laundering.
Global push for money laws
US - The world's leading industrial countries are to put pressure on offshore financial centres to clamp down on funds which could be used to pay for attacks like last month's suicide hijackings in America.
G7 leaders unite to overcome economic fallout
US - The chairman of the US Federal Reserve, Alan Greenspan, has said that the terror attacks on America have penalised the global economy in a manner similar to raising interest rates worldwide.
Bank of England governor positive on UK prospects
UK - Sir Edward George, the governor of the Bank of England, believes the 11 September attacks on the US have not had a great effect on Britain's domestic economy and he has suggested they may have only a short-term effect on the world economy.
Speech by Jean-Pierre Roth of Swiss National Bank
SPEECH - Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank, Swiss Bankers Day of the Swiss Bankers Association, Lugano, 14 September.