Official Record

Balance sheet approach to financial crisis

A IMF note summarises the main conclusions from the working paper "A Balance Sheet Approach to Financial Crisis". It describes the conceptual framework of the balance sheet approach and how it has been reflected in the Fund's work.

US inflation measures compared

Keeping a close eye on changes in consumer prices is a key aspect of central banks' task to keep inflation low and stable. But measuring the changes and agreeing on the measure is not straightforward. A recent Economic Letter from the San Francisco Fed…

Central Bank of Chile - Annual Report 2002

The Central Bank of Chile has published its Annual Report for the year ended 2002. In 2002 the Central Bank continued to analyse and interact with the financial system to modernize the national payments system, developing a draft real time gross…

Central Bank of Sri Lanka - Annual Report 2002

The Central Bank of Sri Lanka has published its Annual Report for the year ended 2002. Notable progress was made on all fronts during 2002, the Annual Report says. The cessation of hostilities and the ongoing peace process brought not only a sense of…

Sveriges Riksbank - Annual Report 2002

The Sveriges Riksbank has published its Annual Report for the year ended 2002. In the Governor's statement Lars Heikensten said economic development was subdued in 2002 by the considerable stock market decline and households were hit by sizeable…

Central Bank of Iceland - Annual Report 2002

The Central Bank of Iceland has published its Annual Report for the year ended 2002. The year 2002 witnessed a sharp turnaround in the Icelandic economy, the Annual Report says. Inflation peaked in the beginning of the year, but went below the Central…

Central Bank of Aruba - Annual Report 2002

The Central Bank of Aruba has published its Annual Report for the year ended 2002. In the President's statement AR Caram said despite the ongoing recession in Aruba, final consumptive spending in real terms increased by an estimated 2 percent during 2002…

Bermuda Monetary Authority - Annual Report 2002

The Bermuda Monetary Authority has published its Annual Report for the year ended 2002. In the Chairman's statement Cheryl-Ann Lister said the year has seen the successful completion of a key stage in the Authority's continuing development. At one level,…

Bank of Italy - Annual Report 2002

The Bank of Italy has published its Annual Report for the year ended 2002. In the first half of 2002 world economic activity accelerated, sustained in the leading industrial countries by the expansive stance of monetary and budgetary policy, the Annual…

Czech National Bank - Annual Report 2002

The Czech National Bank has published its Annual Report for the year ended 2002. In the Governor's Foreword Zdenek Tuma said the first ten years of the Czech National Bank's existence came to a close in 2002, and the Czech currency - the koruna - also…

Fed Reserve Bank of Kansas - Annual Report 2002

The Federal Reserve Bank of Kansas City has published its Annual Report for the year ended 2002. In the President's Message Thomas Hoenig said the watchword at the Kansas City Fed during 2002 was uncertainty. An uneven economic recovery, erosion in asset…

BIS - Annual Report April 2002 - March 2003

The Bank for International Settlements has published its Annual Report for the year ended April 2002 - March 2003. For the first time the annual report contains details of the salary of the General Manager, Malcolm Knight at 617,050 Swiss francs (US$460…

Central Bank of Ireland - Annual Report 2002

The Central Bank of Ireland has published its Annual Report for the year ended 2002. Governor John Hurley said in the foreword to the Annual Report that the international background for the Irish economy in 2002 has been difficult and there are few signs…

Fed Res Bank of Minneapolis - Annual Report 2002

The Federal Reserve Bank of Minneapolis has published its Annual Report for the year ended 2002. The Annual Report contains an article 'Between Two Worlds How Do Credit Markets Work? - An investigation into credit availability in the Minneapolis-St. Paul…

Central Bank of Turkey - Annual Report 2002

The Central Bank of Turkey has published its Annual Report for the year ended 2002. In spite of the political uncertainty and the November elections, the financial stability maintained throughout the year supported economic recovery, the report says.

Fed Reserve Bank of Dallas - Annual Report 2002

The Federal Reserve Bank of Dallas has published its Annual Report for the year ended 2002. Following the 2001 recession, the report says, economic activity expanded throughout 2002, but not vigorously enough to sustain or promote employment growth…