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Central bankers discuss e-commerce at NY Fed
International central bankers on Feb 23, 2001 discussed how greater use of the Internet might affect monetary policy but said no definitive conclusions had been reached
'Why adopt transparency? Publishing forecasts'-ECB
A new ECB working paper by Petra Geraats has been published called "Why adopt transparency? The publication of central bank forecasts". It provides an explanation for the puzzling fact why several central banks have recently abandoned the usual secrecy…
Reforming the International Fin System-IMF Kohler
The managing director of the International Monetary Fund Horst Hoehler has written an article titled "Reforming the International Financial System" published in The Berne Union 2001 Yearbook, February 2001.
Buba 2000 profit at around DM 16bn - magazine
Germany's Bundesbank is expected to post a profit of around 16 billion marks ($7.42 billion) for 2000, Der Spiegel magazine said on Feb 23, 2001.
UK euro entry debate finely balanced-BoE's George
Britain's central bank governor on Feb 23, 2001 declared himself a euro pragmatist, and said the arguments for and against the country joining the euro zone were finely balanced.
Japan greets S&P cut with disdain and delight
Japan's loss of its top-notch credit rating caused indignation among politicians on Feb 23, 2001, but the central bank and financial markets welcomed it as a wake-up call for the government to mend its free-spending ways.
Turk PM Ecevit under fire for lira float turmoil
Turkish Prime Minister Bulent Ecevit faces mounting fury at home after sending the lira currency into freefall to try to curb a financial crisis and resisting pressure to reshuffle his beleaguered government.
ECB looking to move Frankfurt headquarters
The European Central Bank, not even three years old, has already outgrown its headquarters and plans to construct a building outside the city's high-rise banking district by around 2006.
Colombia cbank cancels meeting amid board changes
Colombia's central bank has canceled this week's regular Friday board meeting on Feb 23, 2001 a spokeswoman for the institution said.
Launch of review of NZ mon policy-Lars Svensson
Lars Svensson, a professor of economics at the Institute for International Economic Studies,Stockholm University, will publish on Wednesday, February 28, at 4 pm (NZ time, GMT+13 hrs) his independent review of the operation of monetary policy in New…
CNB - rates cut due to low inflation outlook
The Czech National Bank board on Feb 23, 2001 cut interest rates because the low inflation outlook and because the move doesn't jeopardize price stability, central bank officials said.
Brazil rates steady on slight inflation rise-cbank
Brazil's central bank decided this month to keep interest rates steady in the face of a slight rise in inflation expectations and poor trade accounts which have weakened the real currency, the bank said on Feb 23, 2001 in the minutes of its last rate…
Malaysian ringgit peg not misaligned-c.bank chief
Malaysia's central bank chief said on Feb 22 the ringgit, fixed at 3.8 per dollar in 1998, was not misaligned and the country's private businesses believed the peg should be retained.
'Foreign Exchange Reserves Management'-John Nugee
The Centre for Central Banking Studies at the Bank of England has recently published a handbook on "Foreign Exchange Reserve Management" written by John Nugee who at the time was head of reserve management at the Bank. This is one of the few…
NBS Kohutikova expects GDP growth 2.8-3.2% in 01
According to preliminary results, GDP growth in Slovakia in 2000 should reach 2.1 percent, the Vice-Governor of the National Bank of Slovakia (NBS), Elena Kohutikova, told in her lecture on the NBS monetary policy, delivered at the Slovak-Austrian…
Czech cbank surprises, cutting rates by 25bp to 5%
More than a year after it last cut interest rates, the Czech National Bank on Feb 22, 2001 said it was lowering its two-week repo rate to 5% from 5.25%, its discount rate to 4% from 5% and the Lombard rate to 6% from 7.5%.
UK budget should not influence BoE-MPC's Nickell
The fact that the next policy meeting of Britain's central bank comes the day after the annual budget should not prevent its Monetary Policy Committee (MPC) from altering interest rates, an MPC member has said.
Ex-IMF Camdessus - BOJ has room to ease mon policy
The Bank of Japan still has a little more room to ease monetary policy in order to help sustain Japan's waning economic recovery, Michel Camdessus, former managing director of the International Monetary Fund, said Feb 22, 2001.
German expert wants ECB rotation after enlargement
Membership of the European Central Bank's policymaking body should be rotated once the currency bloc is expanded, a member of the German government's council of independent advisers said in a newspaper on Feb 22, 2001.
S'pore GDP up 9.9% in 2000, no shift in MAS bias
Singapore's economy grew a robust 9.9 percent in 2000, slightly below an official forecast of 10.1 percent, with the outlook broadly positive for 2001 despite slowing growth, the government said on Feb 22, 2001.
Bundesbank joins Frankfurt regulator to slow Basel
Germany's central bank and banking regulator are joining forces in an effort to slow consideration of the new Basel Capital Accord, or Basel II, which aims to modernize the way banks globally account for risk.
Turk cbank floats lira, to adopt inflation target
The central bank of Turkey said Feb 22, 2001 that it's shifting from a monetary framework centered on the exchange rate to one centered on formal inflation targeting, which will give the bank more flexibility and independence.
Why is domestic lending in Hong Kong sluggish-HKMA
Why does domestic lending continue to be so sluggish in Hong Kong when the economy is making such a vigorous recovery, asks Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly "Viewpoint" column published on the HKMA website.
'Risk Management in Diversified Banks'-Fed Cumming
In the latest issue of the New York Fed "Economic and Policy Review" there is a article on "The Challenges of Risk Management in Diversified Financial Companies," by Christine M. Cumming and Beverly J. Hirtle. Christine Cumming is the director of…