United States
Fed cuts rates but Wall Street plunges
US - Giving a sharp jolt to financial markets, the Federal Reserve cut US interest rates just one hour before the re-opening of Wall Street. (Later shares on Wall Street fell dramatically as the American markets opened after its near week long absence.)
Market fears ahead of US opening
US - Nervousness over the resumption of trading on US stock markets later on Monday has prompted further slides in global share prices.
US markets to re-open on Monday
UNITED STATES - Share trading on Wall Street will now restart at 0930 New York time on Monday, the heads of the major exchanges have announced.
O'Neill sees recovery ahead
UNITED STATES - Financial centres are preparing to rescue the global economy.
Banks voice opinion they will ride out the turmoil
UNITED STATES - Banks were quietly confident yesterday that they could survive the financial market implications of Tuesday's attacks.
IMF Statement on US tragic events
IMF Statement on Tragic Events in the United States, 12 September
World Bank Extends Sympathy to United States
WASHINGTON, September 12, - The following is a statement issued today by World Bank President James D. Wolfensohn.
IMF meeting 'to be called off'
WASHINGTON - The annual meetings of the International Monetary Fund and World Bank scheduled for the end of this month are almost certain to be postponed, the German finance ministry has said.
Terrorist attack - Fed Bank of Chicago statement
NEWS RELEASE - Statement
Anti-crisis campaign gathers pace
UNITED STATES - Governments, central banks and economic authorities around the world have pledged to seek ways to help stabilise the global financial system in the wake of the US attacks.
IMF and World Bank to review meetings
UNITED STATES - The International Monetary Fund and the World Bank are reviewing plans for their annual meetings, due to take place in the US later this month.
McDonough:NY Fed - Every Effort At Normal Business
US - Federal Reserve Bank of New York President William McDonough said Tuesday that the central bank will do everything possible to conduct normal business in the wake of the terrorist attacks in Manhattan.
Banks in Fed talks over extended closure of market
US - Stock markets in the US will be closed today in the wake of the terrorist attacks which sent stock prices elsewhere in the world plunging and investors rushing for the safe havens of gold and government bonds.
Capitalist system cranks into gear after assault
US - The destruction of the World Trade Center in New York yesterday effectively paralysed the U.S. financial system but today, Wednesday 12 Sep, the rest of the global capitalist system fought huge headaches and carried on.
Farewell to the IMF Executive Board - Fischer
SPEECH - Stanley Fischer, First Deputy Managing Director, International Monetary Fund, 30 August.
Three Questions about the Economic Slowdown
SPEECH - Presentation to a Community Leaders' Luncheon by Robert T Parry President and CEO of the Federal Reserve Bank of San Francisco, Salt Lake City, Utah, 7 September.
US jobless rate jumps to 4.9%
US - The US unemployment rate rose sharply to 4.9% in August, official data has showed.
Economist group sees slower growth ahead this year
US - The National Association for Business Economics has revised down its estimates of U.S. growth for both this year and next.
Horst Kohler at Stanley Fischer’s leaving dinner
SPEECH - Dinner in Honour of Stanley Fischer. Remarks by Horst Kohler, Managing Director, International Monetary Fund 29 August.
Philippines: Preparations for Inflation Targeting
WORKING PAPER - IMF Working Paper written by Piyabha Kongsamut and published August 2001.
Two monetary approaches to the balance of payments
WORKING PAPER - IMF Working Paper written by Jacques J Polak and published August 2001. The two monetary approaches to the balance of payments: Keynesian and Johnsonian.
Big bang or gradualism in economic reforms
WORKING PAPER - IMF Working Paper written by Andrew Feltenstein and Saleh M Nsouli published August 2001. "Big Bang" Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China.
Roger Ferguson at the Bank of Philadelphia
SPEECH - Remarks by Vice Chairman of the Federal Reserve Board Roger Ferguson at the Federal Reserve Bank of Philadelphia, Pennsylvania on 4 September.
Fed's Ferguson - must monitor changes in payments
US - Federal Reserve Vice Chairman Roger Ferguson said on Tuesday 4 Sep the continued changes in the U.S. and world financial systems as well as the payment systems should continue to receive scrutiny from officials even though no problems are evident as…