Opinion
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…
BOC governor Dodge wins guarded approval
ARTICLE - After six months on the job, Bank of Canada Governor David Dodge has secured solid, if somewhat tentative, approval ratings from Canada's central bank watchers.
Power of monetary policy is greatly exaggerated
ARTICLE - Greenspan's 10-year honeymoon is over - By Jack Carr, National Post, 1 August 2001.
All change at the US Treasury - slowly
CENTRALBANKNET'S SPECIAL REPORT - A brief look at the US Treasury's web-site reveals a significant number of vacancies still to be filled, not least all four positions in the department of economic policy of assistant secretary and the three deputies…
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.
EU want equality of charges for payments
ARTICLE - EC news release, 25 July, Commission proposes principle of equality of charges for domestic payments and cross-border payments in euros.
Is Greenspan growing tired of his task?
ARTICLE - Alan Greenspan has always been as good a politician as he is a central banker. The Federal Reserve chairman is the master of the non-answer-answer to a hostile question and he does it with remarkable grace. Last week's appearance on Capitol…
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…
Interview - Stephen Nickell of the bank of England
ARTICLE - The Bank of England has created faith in the UK economy and maintained a strong pound, Stephen Nickell tells Ed Crooks of the Financial Times, 23 July.
Singapore risk management
ARTICLE - G10 central bank study says that consolidation has heightened possibility of systemic risk. Central banks of G10 countries recently released a joint study on the impact of consolidation on financial risk, payment systems and monetary policy,…
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.
Extra year for the new Basel plans
ARTICLE - The Economist magazine in London published an article in its 30 June edition suggesting that the postponement of the new Basel capital accord was a relief, but not a surprise.
ECB Press Release - Euro frontloading
EUROPE - The European Central Bank issued a press release 5 July titled Frontloading of euro banknotes to central banks outside the euro area.
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.
Korea's smaller chaebol could own banks
SOUTH KOREA - South Korea may take the controversial step of turning to smaller conglomerates to sell off nationalised banks, the head of Seoul's top state-run thinktank suggested in a Reuters interview today, 3 June.
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…
Comment on the Fed's rate cut decision
UK - The Financial Times in London, 28 June, has published a comment on the US Federal Reserve Board's decision to cut it's key interest rate measure by 0.25 percent.
IMF - Quiet caution for Argentina's currency shift
ARTICLE - Centralbanknet's report on the IMF's Stanley Fischer who has visited Argentina. He has warned that the planned Argentine currency move may set a worrying precedent.
Raiding the central bank to pay the deficit, Egypt
ARTICLE - The official figures issued for the budget deficit only tell part of the story about the state of Egypt's finances. A close look at the pattern of government debt over the past three years suggests that the actual fiscal deficit has been in the…
History of recessions contradicts Greenspan
ARTICLE - David Leonhardt, writing in the New York Times, says that Federal Reserve Board Governor, Alan Greenspan, is wrong to be optimistic about the prospects for the US economy.
NBER - US 'recession' may already have peaked
ARTICLE - In a letter to the editor of the Financial Times in London, Martin Feldstein, President of the National Bureau of Economic Research in the US says that even if a recession occurs it will be a long time before it becomes official.