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Official Record

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.

BoE annual report

The Bank of England (BoE) published its 2007 annual report on 25 June. Highlights include a 77% rise in the bank's annual profit in the last financial year and the launch of the Adam Smith £20 note.

IMF: Romania Article IV consultation

The IMF on 25 June released the staff report and public information notice regarding the conclusion of its Article IV consultation with Romania. The Fund projected 7% (baseline) growth of real GDP in 2007, down from 7.7% (preliminary estimate) in 2006.

The international role of the euro

This report from the ECB charts the rise in use of the single currency as a reserve asset, for trade invoicing, in bank deposits and as a parallel currency.

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