Central Banking
Slovenia should insist on IMF formula
There are no sound reasons for changing the IMF formula to divide the assets which used to belong to the former Yugoslavia and are currently deposited in the Bank for International Settlements (BIS), said the parliamentary finance committee on Jan. 24.
Croatia:HNB expects positive economic developments
The Croatian National Bank (HNB) expects positive changes in the economy to resume this year so that the GDP rate could grow by 4% and the export rate by 9%, HNB Governor Zeljko Rohatinski told the parliament on Jan. 24, 2001.
Hayami rules out early quantitative easing steps
Bank of Japan Gov. Masaru Hayami said Jan. 23 that an instruction issued to bank executives to study ways to boost liquidity in the nation's money market does not mean the central bank will take additional quantitative monetary easing measures any time…
Chile's economy to grow relatively fast - cbank
Chile's Central Bank forecast Jan. 23 economic growth between 5.6 and 5.9 percent for the years 2001 and 2002 respectively, as well as 3.4 and 2.9 percent inflation for the respective periods. In a monetary political report, the bank explained that the…
IBRA - BII,BK Universial May need fresh capital
Indonesian Bank Restructuring Agency Chairman Edwin Gerungan said two nationalized banks may need fresh funds before year-end to ensure their capital adequacy remains within international standards. Edwin said another alternative for PT Bank…
Duisenberg gets chief adviser at ECB
The European Central Bank has appointed Olaf Sleijpen chief adviser of Wim Duisenberg, president of the bank. Sleijpen starts on April 1, 2001. Sleijpen is a 30-year old departmental director of the general secretariat of the Dutch central bank. He also…
IMF concludes Article IV consultation with Panama
On Jan 22, 2001 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Panama. Below is the Public Information Notice issued by the IMF. The IMF points out the slowing growth rate of Panana, but recognise…
What Drives Productivity Growth?
Kevin J. Stiroh considers the debate on the best way to explain the sources of productivity growth in a forthcoming Economic Policy Review for the Federal Reserve Bank of New York.
US welfare reform: progress and prospects
Following a conference at the Federal Reserve Bank of New York October 2000 "Welfare reform, four years later: progress and propects", preliminary drafts of papers are now available from the Federal Reserve Bank of New York Research and Market Analysis…
Fed's liquidity date change efforts
The Fed's efforts to provide liquidity around the century date change likely had a stabilizing effect on the financing markets.
Mini interview with Austria's Klaus Liebscher
Following is a summary of the Market News International interview with European Central Bank (ECB) Governing Council member and Austrian National Bank Governor Klaus Liebscher that was conducted on Jan. 22.
Sylvia Piterman leaves Bank of Israel
Sylvia Piterman, who has worked at the Bank of Israel for over 25 years,and almost 10 of those years as Director of the Foreign CurrencyDepartment, will be leaving the bank in the very near future. Following herdeparture Mr. Barry Topf will become Acting…
Japanese interest rates held at 0.25%
At the Monetary Policy Meeting held Jan 19, the Bank of Japan decided, by majority vote, to maintain the uncollateralized overnight call rate at an average of around 0.25%.