Research
RBA needs representative for the poor – religious group
Proposed new board member would help central bank understand effect monetary policy has on poor, says group
Fiscal policy shocks amplified by accommodative monetary policy – paper
IMF research analyses impact of government spending spillovers on economic activity
FSI paper offers lessons from Asia for IFRS 9 transition
Jurisdictions may wish to draw on Asian approach to provisioning when moving to IFRS 9
Colombian banking sector not at risk despite homogeneity – paper
Economist examines diversity of Colombian banking sector and notes “distance” between banks is low
Riksbank simulates a payments crisis scenario
Central bank deems offline payments and withdrawals a suitable alternative to credit cards
BoE paper sheds light on global policy transmission
Comparison of UK and Hong Kong based on bank-level data finds evidence of both portfolio and funding effects
Stressed banks may hamper deleveraging in eurozone periphery – ECB paper
Researchers use data on more than 400,000 companies and 900 banks from seven eurozone countries
Swing pricing can help ease liquidity pressure – BIS paper
Mutual funds can mitigate the risk of “self-fulfilling” runs, researchers say
Fed policy has had bigger impact on global liquidity since 2009
A 25bp rate cut causes a cross-border lending growth to rise of two percentage points, versus 0.8 before the crisis, researchers find
Firms with greater liquidity needs benefit more from higher public debt – research
The positive effect of government debt on industry stems from domestic debt, not external debt, author finds
Bank of Canada paper studies capital control motivations
Researcher finds tools are used with both “mercantilist” and “macro-prudential” motivations
More communication may hamper monetary policy, paper says
Independence and bigger MPCs may convey confusing messages and provoke forecast errors
Global factor playing bigger role in commodity prices, researchers say
“Single global factor” likely to be linked to demand, Banque de France paper finds
China’s deleveraging efforts pose global financial risks, research says
A sudden financial shock may imperil demand, trade and commodity prices
Bank of Portugal expects stronger growth in 2017
Exports expected to boost GDP growth to 2.5% in 2017, up from 1.5% in 2016
Disagreement over inflation expectations weakens monetary policy – Bundesbank paper
Research uses data from Fed’s survey of professional forecasters from 1968 to 2017
Payments evolution will result in bank business model changes
Mid-sized banks will have to transform business models in order to remain relevant, says Swift
Developing states can improve inflation targeting – IMF paper
The research finds bias in favour of results in line with academic consensus
Neural network can beat conventional forecasts – Kansas City Fed research
Deep learning model outperforms Survey of Professional Forecasters at all horizons
Fed paper constructs ‘loan frontier’ for mortgages
Method mimics literature on estimating production frontiers
Low wage rises may hamper inflation in Sweden – IMF
Higher housing prices and private debt call for stricter amortisation requirements
Fed paper calls for rethink of conditions for setting capital controls
Policymakers should also consider how external shocks affect the borrowing capacity of the country, researchers say
Central banks will be using blockchain by 2019 – research
Study examines the pros and cons of central banks adopting blockchain
Danish central bank advises Faroese public spending cuts
Higher salmon prices and low unemployment may overheat the economy, central bank says