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Official Record

Sri Lanka's monetary policy review

The Central Bank of Sri Lanka's tight monetary policy has been vindicated as inflation decelerated to 13%, although rises in administrative prices meant there was a risk this could be reversed.

Fed's minutes for June meeting

The Federal Open Market committee's predominant policy concern remained the risk that inflation would fail to moderate as expected, the minutes to the July meeting explained.

Portfolio credit risk in central banks

This report presents the findings of a task force, established in early 2006 and consisting of nine Eurosystem central banks to analyse and discuss the use of portfolio credit risk methodologies by central banks.

Analysing hedge fund credit risk

This New York Fed Staff Report argues that the characteristics of hedge funds makes the use of counterparty credit risk management (CCRM) methodologies more difficult as they exacerbate market failures linked to agency problems, externalities, and moral…

Fed's Monetary Policy Report to Congress

The Fed's seminannual report to the American congress, which was released at the start of chairman, Ben Bernanke's testimony on 18 July, paints a rosy picture of the outlook for the world's largest economy.

Bermuda - annual report 2006

The Bermuda Monetary Authority's annual report for 2006 explains why the central bank separated the roles of chairman and chief executive.

ECB - annual report 2006

Presented by Jean-Claude Trichet to Parliament on Friday, the ECB's 250-page report surveys economic developments in the eurozone and looks at changes in central bank operations over 2006.

ECB's July Monthly Bulletin

The July edition of the "Monthly Bulletin" of the European Central Bank, realeased on 12 July, contains articles on interpreting monetary developments over the last three years, and the recycling of oil revenues.

Local currency bond markets risks lower

Exposure to currency depreciation risk has declined in most emerging market economies, according to a report on "Financial stability and local bond markets" published on 9 July by the Committee on the Global Financial System.

Chicago Fed on subprime mortgages

A recent article by the Chicago Federal Reserve argues that the subprime mortgage market is facing substantial problems, as measured by delinquency rates, while the prime mortgage market is experiencing more typical delinquency rates, close to historical…

OeNB - Annual Report 2006

Operating profit at Austria's central bank for the year was €193m, down on last year's €295m, as the OeNB added nearly €100m to its pension reserve.

ECB on structural reforms

The European Central Bank (ECB) has published, on 6 July, a report on "Structural Reforms in EMU and the Role of Monetary Policy: a Survey of the Literature."

Turkey's payment systems

The Bank for International Settlements (BIS) published a report on payments systems in Turkey on 3 July.

Holograms keep currency real

A special report by the US National Research Council entitled "A Path to the Next Generation of US Banknotes: Keeping them Real," suggests that holograms have a definitive role in combating banknote counterfeiting.

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