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'Econ pol coordination in the Europe' by P Jacquet
"Economic policy co-ordination in the Euro zone: What has been achieved? What should be done?"In this pamphlet, French policy advisors Pierre Jacquet and Jean Pisani-Ferry review economic policy co-ordination since the Euro was launched and recommend…
Goodhart: George should control inflation forecast
The governor of the Bank of England should take full control of the Inflation Report - the central bank's flagship economic forecast - to avoid confusion arising from the disparate input from the nine members of the Monetary Policy Committee, London…
West Africa welcomes common monetary institute
The opening of the West African Monetary Institute (WAMI) is an onset of a credibility building process to create an acceptable common currency for member countries, local media reported on Feb. 1, 2001.
Indonesia court to proceed with c.bank gov trial
An Indonesian court on Feb. 1 decided to proceed with a graft trial against central bank governor Sjahril Sabirin, rejecting arguments that the court had no authority to try the case. "The Central Jakarta District Court has the authority to try Sjahril…
Pakistan central bank raises paid-up capital limit
Pakistan's central bank has increased the paid-up capital requirement for investment banks to 500 million rupees from 200 million rupees, a central bank spokesman said on Feb 1. But he said the State Bank of Pakistan has given a two-year period to…
Philippine central bank cuts interest rates
The Central Bank of the Philippines has decided to slash its key rates by another 0.5 percentage points in a bid to maintain the differential between Philippine and foreign spreads and to prop up the economy. The move will bring down the central bank's…
Taiwan cuts interest rates to record lows
Taiwan's central bank made a surprise cut in its two key interest rates by a quarter of a point on Feb 1, bringing them to record lows to boost the island's flagging economy. It cut the discount rate to 4.375 percent and the accommodation with collateral…
Ukraine c.bank reserves rise to three-year high
Ukraine's central bank said on Feb 1 its gross hard currency reserves rose to a three-year high of $1.718 billion on January 31, 2001, from $1.617 billion on December 22, 2001. Serhiy Yaremenko, head of the central bank currency regulation department,…
Russia c.bank drafts blueprint for banking reform
Russia's central bank has prepared new guidelines for banking sector reform aimed at bringing financial institutions in line with Western standards, a senior central banker said in an interview published on Feb 1, 2000. Central bank deputy chairman…
Turkish cbank meets asset targets under IMF plan
The Central Bank of Turkey on Feb 1 said it has comfortably achieved the net domestic assets target (NDA), and net international reserve levels it committed to under its anti-inflation program agreed with the International Monetary Fund. The bank said in…
Kuwait cuts rate 0.5 point for 2nd time in a month
Kuwait's Central Bank on Feb 1, 2001, announced a 0.5 point cut in the discount rate for the second time in less than a month, taking it down to 6.25 percent. The bank, which announced the move in a statement to the official Kuwait News Agency (KUNA),…
Armenian cbank issues celebratory banknotes
Central bank of Armenia plans to put into circulation jubilee banknotes with denomination of 50,000 AMD (more than $90), said Gevorg Tumanyan, the Head of CBA Department on emission transactions and monetary reserves. The new banknotes are to celebrate…
CNB start paying interest on min reserves July 12
The Czech National Bank will start paying interest equal to the two-week repo rate, currently standing at 5.25 pct, on banks' minimum reserves as of July 12, 2001, Pavel Zubek of the CNB's press department told CTK news agency on Feb 1.
CNB law amendment no obstacle to EU - Zeman
Czech Premier Milos Zeman does not believe that the amendment to the law on the central bank which says that the CNB in fixing its inflation target has to consult the government and introduces control of CNB's operating budget could pose an obstacle to…
ECB Duisenberg says Irish budget out of line
European Central Bank President Wim Duisenberg on Feb. 1 said he shared the European Commission's critical assessment of Ireland's expansionary budgetary policies. The Commission has asked EU finance ministers to issue an unprecedented formal reprimand…
New ECB website on introduction of euro notes, coin
The European Central Bank on Feb. 1, 2001, unveiled a new website as part of its campaign to prepare the public in the 12 euro-zone states for the introduction of notes and coins from January 1, 2002.The website, with the address www.euro.ecb.int, has…
Lack of confidence shouldn't slow eurozone-Vanhala
Finland's central bank governor said on Feb. 1 he hoped "reasons of confidence and psychology" would not slow euro zone growth more than real economic conditions justify. Matti Vanhala was speaking after the European Central Bank's governing council, of…
IMF says Canada must be wary as U.S. slows
The International Monetary Fund said on Feb. 1, 2001, that Canada was well placed to cope with a slowing U.S. economy, but told its central bank to be ready to cut interest rates if the U.S. slowdown became a dive. In its annual staff assessment of the…
Duisenberg slams plan to curb Buba oversight role
European Central Bank President Wim Duisenberg on Feb. 1, 2001, attacked German government plans to strip the Bundesbank of its banking watchdog duties, saying the move may make it harder to supervise the financial system. In unusually strong tones even…
Financial Globalization and Democracy in Emerg Mkt
In this book Leslie Elliott Armijo brings together a collection of original papers on the subject of the impact of global financial flows on political developments in borrowing countries. The majority of them were presented at a 1995 conference on…
'Inventing Money:story of LTCM' by Nicholas Dunbar
One of the first books relating the story of the rise and fall of the ironically named Long-Term Capital Management. Written by Nick Dunbar, the editor of Risk magazine.
International Bank Insolvencies: cbank perspective
Problems in the banking sector of some economies, including bank insolvencies, pose numerous challenges to policy makers, lawyers and regulators among others. Central bank lawyers are the target audience for this book. It is co-edited by Gregor Heinrich…
Books on the Asian crisis and its aftermath
So many books have been written about the causes of the Asian financial crisis from 1997-99 and about the lessons for policymakers. We review three of these books: "Asia Falling: making sense of the Asian crisis and its aftermath," "Asia in Crisis: the…