Opinion/Monetary Policy

The trouble with moving cash

ARTICLE - As Europe prepares to launch euro notes and coins on 1 January, 2002, even the slightest hiccup produces cries of alarm. So when shipments of coins to branches of Societe Generale did not tally with the amounts being debited from its account at…

CLASH BETWEEN GERMANY AND THE ECB

CENTRALBANKNET'S SPECIAL REPORT - In January this year, the German finance minister, Hans Eichel, underlined the government's commitment to reforming the financial sector with a proposal to create a unified financial services regulator, and in the…

What they said about the dollar

ARTICLE - Policymakers' comments about the US currency, whether planned or off-the-cuff, seldom go unnoticed. Todays, 21 August, London edition of the Financial Times reprises some quotes about the dollar.

All Eyes on the Dollar

CENTRALBANKNET'S SPECIAL REPORT - Last week, after recent evidence from the Federal Reserve's Beige Book showed that six consecutive cuts in interest rates had done little to revive the US economy, the dollar finally started to weaken. A report by the…

Keynes lives

ARTICLE - Today's monetary policy is increasingly used as a Keynesian-style tool of demand management believes Robert Skidelsky, Professor of Political Economy at Warwick University in the UK.

Tinkering with currency can't solve economic woes

ARTICLE - John Devine, chief financial officer at General Motors Corp., last week was the latest in a string of corporate executives complaining about the strength of the U.S. dollar. His timing wasn't perfect. The dollar has actually softened relative…

Ignorance is not bliss: countdown to E-day

CENTRALBANKNET'S SPECIAL REPORT - Today is T - 141 and still counting... That's how many days are left before the single currency becomes a practical reality. For the past two-and-a-half years, the member countries of the Eurozone have lived with a…

Markets now more resistant to contagion - BIS head

INTERVIEW - Painstaking efforts to strengthen the international financial system are beginning to pay off with global markets resisting contagion from worries over Argentina's debt, according to the general manager of the Bank for International…

Emerging markets - round up the usual suspects

CENTRALBANKNET'S SPECIAL REPORT - A little local difficulty or the beginning of a global shake-down? First Turkey, then Argentina - next stop Brazil? Or south-east Asia? The omens are not good as emerging markets from Poland to Pretoria feel the effect…

Strains in the eurozone

ARTICLE - The Financial Times in London published an article on 30 July by Christopher Taylor, a visiting fellow at the National Institute of Economic and Social research. He was chief adviser in the European division of the Bank of England.

IMF International Capital Markets Report, 2001

CENTRALBANKNET'S SPECIAL REPORT - We have only to look back over the events of the past two weeks to see just how dramatically sentiment has shifted in the past year. Argentina is in the spotlight again; Turkey never far out of it. Will the global…

Global Financial Stability: under threat?

CENTRALBANKNET'S SPECIAL REPORT - As the global stock-market turmoil continues unabated and forecasts for economic growth are dramatically scaled back, what is the likelihood that the world financial system will escape a routing? What have we learnt from…

CentralBankNet's Special Report on the euro

ARTICLE - To join or not to join? The euro issue is proving to be deeply divisive and so far the UK government is resisting calls for a serious debate on the subject but uncertainty could prove to be costly to sterling and the economy.

ECB Press Conference

EUROPE - Introductory statement Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Frankfurt am Main, 5 July, with a transcript of the questions and answers.

The IMF under pressure

SPECIAL REPORT - This week's special report looks at the future of the international financial institutions, in particular, the International Monetary Fund. This is a critical time for the IMF as it battles with the new administration in the US while at…

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