Research
Research calls for reduction in trade barriers between Asia and Latin America
Joint research by Asian Development Bank and Inter-American Development Bank calls for barriers to trade to be reduced between regions
Banque de France research examines links between inflation and monetary policy
Banque de France working paper examines link between inflation expectations, monetary policy and the eventual rate of actual inflation in the US economy
IMF research highlights benefits of dynamic loan-loss provisioning
International Monetary Fund working paper advocates dynamic approach to loan-loss provisioning to smooth costs over the credit cycle
IMF research examines correlation between structural reforms and economic convergence
International Monetary Fund working paper finds that specific economic reforms can help improve the speed at which regional convergence is achieved
Riksbank report calls for creation of kronor bond portfolio
Sveriges Riksbank research advises central bank to acquire a portfolio of assets held in Swedish kronor as part of 'toolkit' to help achieve long-term financial stability
IMF working paper discusses competitiveness and labour costs
International Monetary Fund working paper examines measures of external competitiveness; uses Slovakia as sample for research
Central Bank of Ireland publishes research on house-price decline
Irish central bank research shows house-price falls in Ireland among worst in OECD; negative future expectations cited among reasons for continuing fall
IMF research discusses new formulas for compiling CPI indexes
International Monetary Fund working paper examines new formulas for compiling consumer price indexes using geometric averages
IMF research discusses 'sub-optimal' nature of non-independent central banks
International Monetary Fund working paper finds the independence of central banks is crucial to the delivery of socially optimum outcomes
Bank of Finland research discusses entrepreneurial optimism
Bank of Finland discussion paper examines optimism levels among entrepreneurs; finds those with more experience and education are less likely to be optimistic
New York Fed researchers investigate shadow-banking regulation
Researchers find “uneven” progress towards stabilising shadow-banking system; gaps found between optimal and actual regulation of the sector
IMF research investigates impact of asset prices on credit growth
IMF working paper examines the impact of asset prices on credit growth; concludes monetary policy should consider the impact of asset price movements
Bundesbank research finds 'room for improvement' in Basel approach to tail risk
Deutsche Bundesbank discussion paper finds Basel model dealing with tail risk in the banking sector could be improved
Banque de France study examines bank loan portfolio management behaviour
Banque de France working paper examines relationship between a 'competitive investor' and 'commercial banks' in relation to long-term loan portfolios
IMF working paper finds dual-mandate central banks cannot meet social optimal level
International Monetary Fund working paper finds central banks that have both a price and financial stability mandate cannot achieve both to the social optimal level
SNB research examines spillover risk in international equity portfolios
Swiss National Bank study finds sector and currency risk attributable for majority of spillover risk in international equity portfolios
Bank of Finland research examines link between retail payments and economic growth
Bank of Finland discussion paper highlights the link between increased use of electronic payments systems and economic growth
St Louis Fed paper finds cause of slope changes in rates term structures
Federal Reserve Bank of St Louis working paper explores the links between total factor productivity news shocks and the slope of the term structure of interest rates, finding the two are closely related
BIS research finds greater data sharing needed to monitor systemic risk
Bank for International Settlements working paper says more data sharing is needed at individual bank level to better monitor systemic risk
Kansas Fed Economic Review discusses barriers to mobile payments in US
Kansas Fed’s latest economic review discusses supply- and demand-side issues limiting the use of mobile payments in the US
Norges Bank working paper studies sovereign risk contagion
Norges Bank working paper researches sovereign risk contagion using CDS spreads in major euro area countries
IMF working paper examines China’s current account imbalances
IMF working paper concludes that total rebalancing has not occurred in Chinese economy as domestic imbalances increase and external imbalances fall
BIS working paper draws lessons from Asia on price stability
Bank for International Settlements working paper studies price stability in Asia; concludes that monetary policy frameworks have been effective
Research discusses elasticity of non-oil tax revenues in Trinidad and Tobago
Central Bank of Trinidad and Tobago working paper says future growth of non-oil tax revenue in the country should come from indirect taxes