Research
International investors drive Thai exchange rate
Bank for International Settlements says Thai exchange rate is in part determined by international investors' cross-border portfolio rebalancing decisions
Inflation forecasting for a changing world
Norges Bank develops new model suitable for real-time inflation forecasting
Monetary policy needs financial analysis
European Central Bank says globalisation of financial markets over the past 25 years has had major implications for the conduct of monetary policy
Emerging-market shocks have mixed results on US assets
Bank of England looks at international financial transmission between emerging and mature markets
How to set up a sovereign wealth fund: an IMF primer
The International Monetary Fund guides on policy and operational considerations in setting up a sovereign wealth fund
Asset correlation for credit-risk analysis
Latest research dispatch from Tokyo covers credit risk using default data
Shock horror: surprises to blame for crises
Research by Massachusetts Institute of Technology economists finds significant shocks trigger crises
GDP to return to normal by mid-2010: BIS economists
Head of economic and monetary department Stephen Cecchetti and his team say pre-crisis GDP levels to be reached by June
Modellers should care what the weatherman says
Norges Bank says macro modellers should seek inspiration from weather forecasters
Bank of Canada - Summer Review
Bank of Canada publishes the latest issue of its economic review
Social capital aids stakeholder orientation
Norges Bank says banks located in communities with high social capital have a higher probability of survival
Education pays: Philadelphia Fed on innovation
Philadelphia Federal Reserve looks at where does geographically adaptation to innovation take place
Chile rate cuts compensate for commercial charges
Central Bank of Chile looks at the evolution of consumption and commercial lending rates
China not sheltered from subprime
International Monetary Fund says China’s stock market is affected by the US subprime crisis
Higher re-election probability and public investment
Norges Bank investigates how policymakers’ strategic considerations influence public investment
India’s Mohan: regulation to tackle procyclicality of banks funding
Reserve Bank of India deputy governor, Rakesh Mohan, says reliance on short-term wholesale market funding increased the sensitivity of banks' balance sheets and cost of funds
Flexible exchange rate better for welfare
Bundesbank investigates the welfare ranking of exchange rate regimes
Central Bank of Iceland – Monetary Bulletin 2009/3
Central Bank of Iceland says liberalisation of capital flows will happen by the beginning of November
Counterparty risk still large
International Monetary Fund assesses counterparty risk in the United States stemming from exposures to over-the-counter derivatives payables
Sustainability of China’s export-oriented growth shaky
International Monetary Fund says China will have a tough job maintaining its growth momentum
Small firms also make it in exports
Philadelphia Federal Reserve says exporters not necessarily larger than non-exporting firms
France blames 80s monetary policy for poor growth
Banque de France asks whether permanent and gradual shifts in monetary policy were responsible for a protracted period of depressed activity in the euro area over the past decades
Bank risk affects monetary policy channels
European Central Bank says bank risk plays an important role in determining banks’ loan supply and in sheltering it from the effects of monetary policy changes
IMF plays down quantitative-easing fears
International Monetary Fund says evidence on the effectiveness of Bank of England’s quantitative easing is moderately encouraging