Monetary Policy
New euros brings old coin windfall for beggars
GERMANY - The euro's launch may be causing headaches for cashiers and heartache for nationalists around Europe, but the single currency has dumped windfall profits into the laps of an unsuspecting group: beggars.
South Africa restructures policy committee
SOUTH AFRICA - South Africa's Monetary Policy Committee (MPC), which oversees the country's financial policies, has been restructured and will meet four times this year, the South African Reserve Bank (SARB) announced on Tuesday.
Speech by Kazuo Ueda of the Bank of Japan
SPEECH/ PAPER - A paper based on a speech given by Kazuo Ueda, Member of the Policy Board of the Bank of Japan, at the semi-annual meeting of the Japan Society of Monetary Economics on 29 September 2001. Previously this was only available in Japanese…
Speech by Wim Duisenberg, President of the ECB
SPEECH - Keynote address by Dr. Willem F. Duisenberg, President of the European Central Bank, at an awards ceremony and press conference held on the eve of the introduction of the euro banknotes and coins, Frankfurt am Main, 31 December 2001.
Joint Press Conference on the euro introduction
PRESS CONFERENCE - Joint press conference given by the EU Presidency, the European Central Bank, and the European Commission on the introduction of the euro banknotes and coins, Frankfurt am Main, 3 January 2002.
ECB Press Conference
PRESS CONFERENCE - Introductory statement by Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Frankfurt am Main, 3 January 2002.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 7 January 2002.
BIS c bankers see Japan's recession into 2002
SWITZERLAND - Japan's economic slump will continue throughout 2002, central bank governors from 11 major countries agreed during a monthly meeting of the Bank for International Settlements (BIS) on Monday.
Santomero - Fed's ability to mend econ is limited
US - The Federal Reserve, which engaged in a nearly solitary struggle to keep the U.S. economy from collapsing last year, isn't capable of mending the economy on its own, a top policymaker for the U.S. central bank said Saturday.
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Speech by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas before the Breakfast Plenary of the Team Canada West Mission to Dallas, Dallas, 28 November.
UK Interest rates may have to rise: George
UK: The Governor of the Bank of England last night warned that interest rates might have to be raised to moderate consumer demand.
Argentina's route to salvation
ARGENTINA - A competitive exchange rate, a more open economy and sound banks should be the priorities, says Ricardo Haussmann professor of economic development at Harvard in Todays's Financial Times.
Rojo: Keynesian policies are no longer an option
SPAIN - Perhaps the most influential economist in Spain in recent times, Luis Angel Rojo has devoting most of his professional career to servicing the Spanish economy in the country's central bank, the Bank of Spain. In an interview with El Pais…
Speech by Eddie George, Bank of England Governor
SPEECH - Sir Eddie George, the governor of the Bank of England, in a speech backed the claims of anti-globalisation protesters that the poorest countries are excluded from the benefits of expanding world trade.
Centralbanknet's Christmas Quiz
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UK Economy faces bumpy ride, warns BoE's King
The British economy may face a "bumpier ride" this year than last in terms of growth and inflation, the UK central bank's deputy governor has warned
How to Dollarize in Argentina
‘How to Dollarize in Argentina’ by Kurt Schuler and Steve H Hanke. As the policies of the Argentine government are at a dead end and the peso is widely distrusted, Schuler and Hanke present their proposals for dollarization.
Central Bank Independence in Latin America
Legal Central Bank Independence and Inflation in Latin America During the 1990s by Jacome H., Luis I ; an IMF Working Paper.
Argentina to unveil new economic plan on Friday
ARGENTINA - Congressman Jorge Remes Lenicov will be sworn in Thursday as Argentina's new economy minister and on Friday he will unveil a new series of economic measures, Buenos Aires Governor Carlos Ruckauf confirmed in an interview.
ECB interest rates unchanged
GERMANY - As widely expected the European Central Bank left interest rates unchanged with officials largely focused this week on the launch of euro notes and coins.
Bank of Israel head rules out intervention
ISRAEL - Despite the shekel's weakening to a record low against the dollar, Bank of Israel Governor David Klein said the central bank would not intervene in the foreign currency market.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Remarks by Horst Kohler, Managing Director, International Monetary Fund. At a news conference in Luxembourg Mr. Koehler said the U.S. economy should recover in the second quarter next year. The European economy will turn around by mid-2002, he…
Centralbanknet's Christmas Quiz
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President hints at end of peso peg
ARGENTINA - Argentina has its fifth president in less than two weeks, veteran politician Mr Eduardo Duhalde immediately reaffirmed the moratorium on paying the country's US$132 billion ($258.9 billion) in public debt until its shattered economy resumes…