Monetary Policy
Centralbanknet's Christmas Quiz
Enter Centralbanknet's christmas quiz by emailing us the answers. Most correct answers wins of course. Winner will be displayed on cbnet on Monday 7 January and the correct answers will be given.
Centralbanknet's Christmas Quiz
Enter Centralbanknet's christmas quiz by emailing us the answers. Most correct answers wins of course. Winner will be displayed on cbnet on Monday 7 January and the correct answers will be given.
Argentina: largest default in history
ARGENTINA - On Sunday Argentina announced the largest sovereign debt default in history, declaring it would stop paying its $155bn public debt. The new government headed by president, Adolfo Rodriguez Saa, said the country would resist pressure to…
Singing the euro's praises
EURO - The achievement of introducing the euro received praise from the IMF and tinges of regret have been observed in countries choosing not to be part of it. In the eurozone itself measures were being taken to combat over-eagerness for the new currency.
Letter from Wim Duisenberg
Wim Duisenberg: Reply to the letter by Mrs. Randzio-Plath, Chairperson of the Committee on Economic and Monetary Affairs of the European Parliament, dated 15 November 2001, 17 December 2001.
New Bank of England banknote
NEWS RELEASE - New £5 Banknote Design, 18 December 2001.
Testimony of Wim Duisenberg, ECB President
SPEECH - Introductory statement by Dr. Willem F. Duisenberg, President of the European Central Bank, Brussels, 18 December 2001.
IMF 'blamed' for Argentine crisis
ARGENTINA - The IMF was "instrumental" in engineering Argentina's financial collapse because of irresponsible lending which "exacerbated" its foreign debt problem, foreign creditors have claimed.
Eddie George doubtful on euro
UK - Sir Edward George, the governor of the Bank of England, has pitched into the ongoing debate about potential British entry into the euro, saying that a single economic policy across Europe was a "disadvantage".
RBNZ Bulletin December 2001
NEWS RELEASE - December 2001 Reserve Bank of New Zealand Bulletin released.
ECB to re-shuffle board member responsibilities
GERMANY - The European Central Bank said on Friday it had changed some of the responsibilities among its six member Executive Board with effect from 1 January, 2002.
Paper by Charles Bean C Economist, Bank of England
SPEECH /PAPER - Paper by Charles Bean, Chief Economist and Member of the Monetary Policy Committee, Jens Larsen and Kalin Nikolov, Monetary Assesment and Strategy Division at the Bank of England to the Monetary Transmission Network Conference at the…
Bank of England MPC Minutes
MINUTES - Minutes of the Bank of England Monetary Policy Committee Meeting - 4 & 5 December 2001.
UK economy set to outperform
UK - The UK economy grew faster than previously thought during the year to September 2001, according to new official figures.
CentralBankNet report picked up by national press
CENTRALBANKNET EXCLUSIVE REPORT - On Thursday morning CentralBankNet.com's exclusive report, released on CBNet Wednesday night, was picked up by the national press and the story was carried in Thursday's London edition of the Financial Times (page 14).
Euro notes seek forgery protection
EUROPE - Two of Europe's biggest chip developers may be working with the European Central Bank (ECB) to include tiny radio transceivers in high-value euro banknotes.
IMF Working Paper - Contagion and Shifting Risk
RESEARCH - IMF Working Paper - Pure Contagion and Investors Shifting Risk Appetite: Analytical Issues and Empirical Evidence by Manmohan Kumar and Avinash Persaud, September 2001.
B of E - Financial Stability Review, December 2001
NEWS RELEASE - Bank of England Publishes Financial Stability Review, 13 December 2001.
Global '02 econ outlook shaky but not for c banks
ARTICLE - One of the biggest surprises of 2001 was how the global economy's main economic agents responded to signs of recession.
BOE Dec Minutes - MPC Voted 7-2 To Hold Repo Rate
UK - Seven of the nine members of the Bank of England's Monetary Policy Committee voted to keep the repo rate on hold at 4.0% in the Dec. 4-5 meeting, according to minutes of the meeting released Wednesday.
Euro notes can be washed - But not at 90 Celsius
ARTICLE - If you wash your euro notes, make sure you don't do so at 90 degrees Celsius.
Bank of Japan aims for boost
JAPAN - The Bank of Japan has relaxed its monetary policy, providing more cash to the banking sector in a bid to boost the flagging economy.
Last-minute deal on euro seigniorage
EUROPE - At the 11th hour, the governing council of the European Central Bank, has agreed a deal on how to share out the seigniorage profits of the euro. The pain is delayed, but Germany still loses out.
Speech by the Governor of Danmarks Nationalbank
SPEECH - Speech by Governor Bodil Nyboe Andersen of Denmark's central bank at the Annual Meeting of the Danish Bankers Association on 5 December.