Monetary Policy
Arab Monetary Fund chief lauds Lebanon, Egypt
LEBANON - Lebanon and Egypt represent a role model for other Arab countries in fighting money laundering and terror finance, the Arab Monetary Fund chief said Monday.
Rakesh Mohan takes over as RBI deputy governor
INDIA - India's former chief economic adviser, Rakesh Mohan, on Monday took over as a deputy governor of the Reserve Bank of India (RBI).
BIS-Central bankers see economy picking up in 2003
SWITZERLAND - Top central bankers expect the world economy to pick up speed next year after turmoil in financial markets has weighed on growth prospects this year, Bank of England Governor Sir Edward George said on Monday.
Minehan: U.S recovering despite bumps
US - Federal Reserve Bank of Boston President Cathy Minehan said on Monday that the U.S. economy is recovering gradually although it has hit a few "bumps in the road."
BIS Working Paper Series
RESEARCH - China's asset management corporations by Guonan Ma and Ben S C Fung, August 2002.
Rethinking Stabilization Policy
PROCEEDINGS - Preliminary proceedings from the 2002 annual economic symposium, "Rethinking Stabilization Policy," from the Federal Reserve Bank of Kansas City. The symposium provided a forum to discuss the roles of monetary and fiscal stabilization…
Chicago Fed Letter, Special Issue, September 2002
PUBLICATION - The September 2002 Special Issue of the Chicago Fed Letter looks at Asset price bubbles and their implications for monetary, regulatory, and international policies. Difficulties in identifying asset price bubbles were discussed by attendees…
International Monetary Fund Working Paper
RESEARCH - Central Bank Financial Strength, Transparency, and Policy Credibility by Peter Stella, Monetary and Exchange Affairs Department, IMF, August 2002.
Sveriges Riksbank Press Release
PRESS RELEASE - Nyberg: Developments in line with assessments, 5 September.
EU Commission trims euro-zone growth prospects
BELGIUM - The EU Commission cut on Friday - for the second time in a month - its forecast for third quarter euro-zone growth, aiming now for 0.3-0.6 percent because of signs of weakness from Germany, France and Italy.
Fed's McTeer - US stock falls hold back growth
US - In Dallas, Federal Reserve Bank of Dallas President Robert McTeer said the decline in U.S. stocks this year is restraining the economy's recovery and limiting job growth.
ECB leader Sirkka Hamalainen criticises banks
FINLAND - Sirkka Hamalainen, a member of the Executive Board of the European Central Bank and the former Governor of the Bank of Finland, criticised banks and national authorities in the euro zone for hindering integration in financial markets.
OECD backs Norway's central bank policy
NORWAY - The Organization of Economic Cooperation and Development (OECD) urged Norway on Friday to resist the temptation of spending any more of its vast oil revenues and leave interest rates high to keep inflation in check.
IMF mission in Peru studying 2002 goals
PERU - A mission from the International Monetary Fund (IMF) is in Peru to evaluate the Andean nation's 2002 macroeconomic goals, the economy ministry said on Friday.
Chile keeps key rates on hold at 3 percent
CHILE - Chile's central bank said on Thursday it had kept key interest rates on hold at an all-time low of 3.00 percent at a meeting of its monetary policy committee.
IMF News Brief
NEWS BRIEF - IMF Managing Director Welcomes Afghanistan's New Currency, 4 September.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 5 September.
IMF assessment of Macau's financial regulation
REPORT - Macao SAR, Assessment of the Regulation and Supervision of the Financial Sector, International Monetary Fund, Monetary and Exchange Affairs Department, 3 September.
Bank of Japan Research Papers
RESEARCH - How Should the Recent Increase in Japan's Monetary Base Be Understood?, Bank of Japan, Policy Planning Office, 5 September.
Argentina - IMF send draft intent letter next week
ARGENTINA - The IMF is to send Argentina a draft letter of intent next week to agree terms for aid to the recession-wracked nation , Cabinet Chief Alfredo Atanasof said on Thursday just as aid hopes had appeared to fade.
BoE keeps rates on hold
UK - The Bank of England left interest rates unchanged on Thursday, as widely expected, amid concerns over a weak economic recovery and continuing volatility in stock markets.
EU states warned of deficit 'disaster'
GERMANY - A senior Bundesbank official has criticised EU member states who have run up huge budget deficits and now demand a relaxation of the terms of the Growth & Economic Stability Pact which puts strict limits on government borrowing.
Argentine central bank criticises economy ministry
ARGENTINA - Argentina's central bank has criticised the economy ministry for submitting a written request with the country's largest state-owned banks last week to restructure their operations, local press reported.
Economist says ECB rate is overvalued
GERMANY - The chief economist of Deutsche Bank says he believes the ECB's key interest rate is at least a full percentage point too high.