Research
Bank of Portugal paper explores optimal capital structure for businesses
Structure of optimal level of debt a key decision for business, says Bank of Portugal working paper
Finnish research finds Chinese growth is restricted by capital constraints
Bank of Finland research finds that despite reforms, borrowing restrictions continue to dampen growth prospects for Chinese corporations
Central Bank of Brazil research investigates control amid rising inflation trends
Brazilian central bank publishes research showing the ability to simultaneously stabilise the inflation rate and the output gap reduces as inflation trend rises
IMF paper finds supply-side measures can help combat food price inflation
International Monetary Fund working paper suggests interest rate or administrative changes in emerging economies are unlikely to be as effective as supply-side initiatives
IMF working paper suggests financial sector reform key to rebalancing Chinese economy
Reforms that lead to real interest rates rising and appreciate the real effective exchange rate would contribute to rebalancing growth in China toward private consumption, finds IMF research
Netherlands Bank research links financial development to net foreign asset composition
Working paper concludes that as a country’s financial position improves, net foreign asset composition likely to decline
IMF paper finds macro-economy dominates behaviour of bond yield curve
Study of Czech bond market asserts that analysis of misalignments in markets can aid forecasting of future yield movements
IMF policy paper investigates volatility in low-income countries
International Monetary Fund paper looks into the role and potential for contingent financial instruments to aid in managing shocks in low-income countries
Fed research finds tax policies may ease wage inequality
A new study by researchers at the Federal Reserve finds that wage inequality across states during the past 20 years was mitigated by tax codes
Fed paper asks if affordable housing law led to subprime lending
Federal Reserve Bank of St Louis working paper asks whether affordable housing legislation in the US contributed to the subprime securities boom
IMF paper discusses strengthening Russia's fiscal framework
Working paper from IMF researchers sets out ways Russian fiscal policy is straying from best practice and suggests improvements
National Bank of Hungary studies voting by MPC members
Research from the Hungarian central bank finds evidence that preference heterogeneity is random among the members of the policy-setting committees at the central banks of Poland and Hungary
IMF paper looks at long-term prosperity in China
IMF research suggests China could enhance long-term income by implementing reforms to weaken protection of monopolies and encourage entry in all industries
Fed working paper studies inflation risk premium
New Federal Reserve Board working paper uses evidence from Treasury inflation protected securities market to investigate inflation risk premiums
ECB working paper proposes indicator of systemic stress
European Central Bank researchers outline a new indicator of contemporaneous stress in the financial system, called the composite indicator of systemic stress
Netherlands Bank working paper studies media impact on debit card use
Research finds “significant” impact of newspaper articles about skimming fraud on same day debit card usage
IMF paper looks at exchange rate volatility and currency pegs
Recent IMF research paper investigates the role of trade patterns in shaping the volatility of the effective exchange rate under two alternative peg regimes
Bank of Canada paper studies central counterparties in repo markets
New Bank of Canada discussion paper looks into impact central counterparties have on a model of a repo market; finds stabilising elements
IMF paper studies impact of regulation and taxation on banking
IMF researchers investigate the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and liquidity risk
BIS study looks at financial volatility prediction
Bank for International Settlements researchers investigate the prediction of financial volatility using economic variables
IMF paper studies bank asset quality in emerging markets
IMF research paper finds significant links between banks' asset quality, credit and macroeconomic aggregates
Philippines economic newsletter looks at roots of financial crisis
Central Bank of the Philippines investigates international claims and cross-border lending during the global financial crisis
IMF paper analyses corporate investment in India
International Monetary Fund research paper looks into how the business environment affects corporate investment in India, which has been sluggish since the financial crisis
Fed paper studies the effect of Tarp on bank risk-taking
Discussion paper says the increase in risk-taking without an increase in lending following Tarp capital injections “is suggestive of moral hazard due to government ownership”