Monetary Policy
Chicago Fed National Activity Index, June 2002
REPORT - CFNAI returns to positive territory. In June, the Chicago Fed National Activity Index (CFNAI) was above zero for the second time this year at +0.14. The three-month moving average, CFNAI-MA3, rose to -0.03.
Main Street Economist, June 2002
REPORT - Main Street Economist June 2002 from the Federal Reserve Bank of Kansas, The New Power of Regions: A Policy Focus for Rural America By Mark Drabenstott and Katharine Sheaff.
Philadelphia Fed Business Review, 2nd Quarter 2002
REPORT - The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2002.
BIS Crockett warns on 'knee-jerk' accounting cures
GERMANY - Governments should not react with 'knee-jerk' regulation to soothe public anger over accounting scandals, such as Enron and World Com, and should instead take a more considered, coordinated approach, the head of the BIS said in a newspaper on…
Barbados c bank head warns of threat to jobs
BARBADOS - Jobs might be harder to get and harder to keep as Barbados' economy continues to contract in the coming months, Marion Williams Governor of the Barbados Central Bank said at a press conference on Tuesday.
ECB shows one interest rate may be better for all
ARTICLE - The case for the Euro: Exchange rate needs to drop further before UK can safely join the euro, by Professor Robin Marris. Published in the Independent newspaper, UK, 31 July.
Two Fed nominees move towards Senate approval
US - Two highly regarded nominees for key policymaking spots on the U.S. Federal Reserve, including one with strongly held views on inflation targets, sped easily through a Senate hearing on Tuesday.
Brazil's Fraga hopes for IMF deal by 12 Aug
BRAZIL - Brazil's Central Bank President Arminio Fraga said on Tuesday he expected the country to clinch a much-awaited deal with the International Monetary Fund, by 12 August, that should help calm pre-election market jitters.
Uruguay calls bank shutdown amid economic crisis
URUGUAY - Uruguay ordered its banks closed Tuesday in an attempt to stem the outward flow of capital in the midst of a growing financial crisis.
Next ECB head may not be French says Italy's Tanzi
ITALY - Wim Duisenberg's successor as president of the European Central Bank may not necessarily be French. That is the belief of Italy's Treasury undersecretary Vito Tanzi who spoke to Italian daily La Repubblica on Saturday.
National Bank of Slovakia - Annual Report 2001
ANNUAL REPORT - The National Bank of Slovakia has published its Annual Report for the year ended 2001.
Nat Bank of Kyrgyz Republic - Annual Report 2001
ANNUAL REPORT - The National Bank of the Kyrgyz Republic has published its Annual Report for the year ended 2001.
Council of Financial Regulators Annual Report 2001
ANNUAL REPORT - Reserve Bank of Australia, Council of Financial Regulators Annual Report 2001, published 30 July.
Bank of Japan Discussion Paper Series
RESEARCH - Japan's Negative Risk Premium in Interest Rates: The Liquidity Trap and Fall in Bank Lending, Rishi Goyal and Ronald McKinnon, July 2002.
IMF News Brief
NEWS BRIEF - IMF Managing Director Kohler Welcomes Independent Advisors' Report on Argentina, 29 July.
Economic and Financial Issues facing Argentina
NEWS BRIEF - Report to the Government of Argentina and the International Monetary Fund by a Panel of Independent Advisers, 29 July.
IMF News Brief
NEWS BRIEF - Statement by IMF Managing Director Horst Kohler on the Death of Rudiger Dornbusch, 29 July.
Poland moves closer to the euro
POLAND - The National Bank of Poland (NBP) and Finance Ministry officials have begun to prepare a long-term strategy on adopting the euro, a senior central bank official has said.
Argentine minister welcomes report
ARGENTINA - Economy Minister Roberto Lavagna said he welcomed the backing of a group of international experts for Argentina's strategy in dealing with its crushing recession.
Bank of Israel governor leaves rate unchanged
ISRAEL - Key lending rates will remain unchanged at 9.1 percent in August, Bank of Israel governor David Klein announced Monday afternoon.
RBI's Jalan says drought not to affect liquidity
INDIA - Reserve Bank of India Governor Bimal Jalan on Monday said the prevailing drought condition in the country would not have any impact on the liquidity or monetary situation.
Mexican economy 'set for strong recovery'
MEXICO - Mexico's central bank governor said Monday the bank had set an inflation target of 3 per cent for next year and predicted a strong recovery for the country's economy.
Ugandan central bank plans for Shs50,000 note
UGANDA - As Bank of Uganda plans to release the Shs 50,000, it's warning that people should not ask for the large denomination unless they are handling huge sums of money to warrant its use.
Kuwait's c bank probe panel await gov't replies
KUWAIT - The parliamentary committee probing the Central Bank transactions during 1999 elections met Monday with the Minister of Information and Acting Minister of Oil, Sheikh Ahmad Al-Fahd and also the Deputy Prime Minister and Minister of Interior and…