Monetary Policy
Gaby Fiszman made economic adviser to Israeli PM
New Israeli Prime Minister Ariel Sharon appointed on Mar 13, 2001, a Bank of Israel official as his economic adviser, a statement from his office said.
Serdengecti appointed Turkish cbank governor
Turkey's president Ahmet Necdet Sezer approved on Mar 13, 2001 a decree regarding appointment of Sureyya Serdengecti as the central bank governor.
Fed Meyer backs reserve interest, Treasury against
Federal Reserve Governor Laurence Meyer on Mar 13, 2001 reiterated the Fed's support for legislation that would allow it to pay interest on the reserves that banks are required to maintain with the central bank.
Brash says no rate cut could have sent NZ $ down
New Zealand's Reserve Bank Governor Don Brash said on Mar 14, 2001 that not cutting the official interest rate may have had the paradoxical effect of bringing easier monetary conditions through a lower exchange rate.
Academic to replace BOJ board 'hawk' Shinotsuka
A leading supporter of higher interest rates on the Policy Board of Japan's central bank is expected to be dropped when her term ends this month.
BoE ready to act if sharp US downturn-Plenderleith
Britain's central bank will be ready to cut interest rates again if the slowdown in the U.S. economy proves more severe than expected, Bank of England Executive Director Ian Plenderleith said on Mar 14, 2001.
BOI sees worse than expected 2001 global slowdown
World economic growth could slow down in 2001 by more than expected, the Bank of Italy warned in its half-yearly economic bulletin on Mar 14, 2001.
Bank of England Quarterly Bulletin - Spring 2001
RESEARCH PAPER - The Bank of England has published the spring 2001 issue of the Quarterly Bulletin, the first issue to be published to a new timetable separated from the quarterly Inflation Report. There are four key articles, mainly dealing with the UK…
Effects of measurement error on the output gap-BoJ
RESEARCH PAPER - A new working paper "Effects of Measurement Error on the Output Gap in Japan" by Koichiro Kamada and Kazuto Masuda from the research department of the Bank of Japan discusses theoretically how measurement errors and quality changes in…
Lithuania boosts cbank independence in law
The Lithuanian parliament on Mar 13, 2001 approved amendments to the law on the central bank aimed at cementing its independence and giving the institution more freedom to shape monetary policy.
Basel Accord major challenge for Asia banks-HKMA
Recent proposals aimed at strengthening the global financial system pose a major challenge for banks and regulators in Asia, the Hong Kong Monetary Authority said on Mar 13, 2001.
Communist Laos admits failures in managing economy
The secretive communist Laotian government said on Mar 13, 2001 it had mismanaged the economy over the past five years, triggering hyperinflation and a tumbling currency.
Financial Innovation and Monetary Transmission
SEMINAR - The Federal Reserve Bank of New York is hosting a conference titled "Financial Innovation and Monetary Transmission" from Apr 5-6, 2001. This seminar will offer insight into how the enormous changes that are going on in the financial sector…
Recent US data 'quite encouraging' - BoE George
Central bankers from the Group of l0 industrialized nations believe a pick-up in the U.S. economy during the second half of this year "remains the most likely outcome," Eddie George, current chairman and head of the Bank of England, said on Mar 12, 2001.
BoF forecast Finnish inflation above euro-zone avg
Finnish inflation would stay above euro-zone levels and buoyant domestic demand could feed price pressures though the overall inflation outlook had improved, the central bank said on Mar 12, 2001.
Argentine peso peg to include euro,yen-Cavallo
Former Argentine Economy Minister Domingo Cavallo, who reportedly has been offered the job of central bank chief, said in a press interview he favored alterations to foreign exchange policy.
Effect of booming economy on US trade deficit
RESEARCH PAPER - The robust growth of the U.S. economy between 1996 and 1999 spurred U.S. demand for foreign goods and contributed to a surge in the U.S. trade deficit. An analysis by the New York Fed of the effects of the expansion on the trade balance…
Fed's Ferguson-monetary policy unhurt by mergers
A global wave of financial mergers and acquisitions in the 1990s, totaling 7,500 deals valued at about $1.6 trillion, has not affected central banks' ability to set interest rates, Federal Reserve Vice Chairman Roger Ferguson said Mar 9, 2001.
India's Jalan says bias to cut rates remains
The governor of India's central bank, which cut interest rates twice in recent weeks, said he continues to have a bias toward easing rates.
On the Long and Short of Central Bank Independence
This paper by Alberto Musalem of the International Monetary Fund finds that higher central bank independence increases fiscal discipline and results in lower inflation. However, it finds that higher central bank independence does not necessarily lead to…
Euro entry means democracy deficit-Swedish cbanker
Swedes would be less able to call the people who decide their monetary policy to account if the country joined the EU's single currency, the deputy governor of the country's central bank said on Mar 8, 2001.
Bank of England holds rates at 5.75% for now
The Bank of England left its key interest rate steady at 5.75 percent on Mar 8, declining to cut rates despite a deteriorating global economic outlook.
Solomons stares into economic abyss- cbank chief
The Solomon Islands is just weeks away from economic collapse, with a real risk the South Pacific nation will simply disintegrate, the country's central bank governor, Rick Houenipwela, warned on Mar 7, 2001.
US rebound likely later this year-McDonough,Moskow
William McDonough and Michael Moskow, in separate speeches on separate continents, said on Mar 8 that a rebound was likely later in 2001.