Sveriges Riksbank Economic Review 4th Quarter 2003

The Sveriges Riksbank has published its Economic Review for the 4th Quarter 2003. The Review includes articles "Crisis exercises make for crisis readiness," "Payment system efficiency and pro-competitive regulation" and asks "Is 'wage drift' a problem?".

The payment system article discusses the merits of introducing regulations in the payment-system markets and is based on a paper presented at a workshop on Central Bank Efficiency organised by the Riksbank in May 2003.

Effective competition, it

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