Central Banking
New CEPR dicussion papers-Mar 2001
ARTICLE - The Centre for Economic and Policy Research are publishing four articles mostly by economist Charles Wyplosz on central bank isssues in March 2001 - Do We Know How Low Inflation Should Be?, How Risky is Financial Liberalization in the…
Optimal Degrees of Transparency in Monetary Policy
ARTICLE - According to most academics and policymakers, transparency in monetary policymaking is desirable. However, an article by Henrik Jensen titled "Optimal Degrees of Transparency in Monetary Policymaking" says that high transparency may be a policy…
Performance of US econ since Oct 1987 crash-Levy
ARTICLE - "An Economic Assessment: Contained Depression or the Foothills of Recovery? U.S. and Global Finance Prospects; The Performance of the Economy Since the October 1987 Crash" by Robert Barbera and David A. Levy. The authors argues over the causes…
Moral Hazard Issues in Banking-BoF conference
SEMINAR - The Bank of Finland and the Centre for Economic and Policy Research are holding a conference on "Moral Hazard Issues in Banking" from Mar 15-16, 2001. A number of distinguished economists and central bankers are presenting papers. The programme…
Paraguay president asks cbank board to resign
Paraguayan President Luis Gonzalez Macchi, who has shuffled his Cabinet in a growing political and economic crisis, has also asked the central bank board to resign, bank president Washington Ashwell said on Mar 15, 2001.
ECB agrees 10% increase of euro notes production
The European Central Bank on Mar 15, 2001 said it approved a 10 percent increase in the production of euro banknotes to create an additional reserve and help smooth the changeover to euro cash.
Turkey's banking watchdog seized control of bank
Turkey's banking watchdog seized control of a mid-sized private bank early on Mar 15, 2001 in a sign the government is determined to clean up a crisis-ridden banking sector that threatens the entire economy.
BOJ Hayami says structural reform indispensable
Bank of Japan Governor Masaru Hayami said on Mar 15, 2001 that structural reform in the Japanese economic system and industry is needed to make monetary policy fully effective.
Argentine cbank chief testifies, quotes Kafka
Argentina's embattled central bank president Pedro Pou testified before a congressional commission on Mar 14 to defend himself from allegations he turned a blind eye to money laundering.
Gaby Fiszman made economic adviser to Israeli PM
New Israeli Prime Minister Ariel Sharon appointed on Mar 13, 2001, a Bank of Israel official as his economic adviser, a statement from his office said.
Serdengecti appointed Turkish cbank governor
Turkey's president Ahmet Necdet Sezer approved on Mar 13, 2001 a decree regarding appointment of Sureyya Serdengecti as the central bank governor.
Fed Meyer backs reserve interest, Treasury against
Federal Reserve Governor Laurence Meyer on Mar 13, 2001 reiterated the Fed's support for legislation that would allow it to pay interest on the reserves that banks are required to maintain with the central bank.
Brash says no rate cut could have sent NZ $ down
New Zealand's Reserve Bank Governor Don Brash said on Mar 14, 2001 that not cutting the official interest rate may have had the paradoxical effect of bringing easier monetary conditions through a lower exchange rate.
Academic to replace BOJ board 'hawk' Shinotsuka
A leading supporter of higher interest rates on the Policy Board of Japan's central bank is expected to be dropped when her term ends this month.
ECB plans statement on banking supervision - paper
The European Central Bank plans to issue an official warning to governments not to curb the role of central banks in banking supervision, a German newspaper reported on Mar 14, 2001.
Indonesia says postpones c.bank law debate to May
Indonesia said on Mar 14, 2001 it had postponed hearings on controversial central bank law changes, a move that could help break a deadlock in negotiations with the IMF.
Botswana cbank says no timetable for foreign loans
Botswana's central bank governor said on Mar 14, 2001 there was no timetable for seeking foreign loans after a rating by Moody's Investor Services this week.
BoE ready to act if sharp US downturn-Plenderleith
Britain's central bank will be ready to cut interest rates again if the slowdown in the U.S. economy proves more severe than expected, Bank of England Executive Director Ian Plenderleith said on Mar 14, 2001.
BOI sees worse than expected 2001 global slowdown
World economic growth could slow down in 2001 by more than expected, the Bank of Italy warned in its half-yearly economic bulletin on Mar 14, 2001.
Settlement failures triple in Feb bond trading-BoJ
The Bank of Japan found 296 cases of settlement failure in Japanese government bond trading in February, the central bank said on Mar 14, 2001.
Dutch cbank and Euronext offer real time DvP
The Nederlandsche Bank, the Dutch central bank, and Euronext Amsterdam are to offer real-time DvP from Mar 19, 2001, the central bank has announced.
Bank of England Quarterly Bulletin - Spring 2001
RESEARCH PAPER - The Bank of England has published the spring 2001 issue of the Quarterly Bulletin, the first issue to be published to a new timetable separated from the quarterly Inflation Report. There are four key articles, mainly dealing with the UK…
UK banks at fault over Abacha money laundering-FSA
RESEARCH REPORT - The UK Financial Servicies Authority has concluded an investigation into UKbanks' financial dealings with the deposed Nigerian leader, General SaniAbacha. The report is strongly critical of control failures at 15 UK bankswhich laundered…
Effects of measurement error on the output gap-BoJ
RESEARCH PAPER - A new working paper "Effects of Measurement Error on the Output Gap in Japan" by Koichiro Kamada and Kazuto Masuda from the research department of the Bank of Japan discusses theoretically how measurement errors and quality changes in…