Research
Trade and FDI complementary
Bundesbank investigates the significance of export-supporting foreign direct investment
Ocampo proposes move to fully SDR-based IMF
José Antonio Ocampo on reforming the global reserve system
Effects of collateral constraints on house prices unclear
Bank of Finland looks at effect of housing markets on economies
Crime makes credit pricier, says Bank of Italy
Bank of Italy looks at the relationship between the terms on bank loans and local crime rates
No link between capital flight and manufacturing credit
International Monetary Fund examines whether capital inflows affect the impact of the global turmoil on credit conditions for a country’s manufacturing sector
Eastern Germany still behind the west
Bank of Italy looks at the economic convergence of eastern Germany with western Germany
Many ways lead to inflation targeting
International Monetary Fund compares country experiences with the introduction and implementation of inflation targeting
More than a fifth of jobs not advertised
Philadelphia Federal Reserve studies vacancies, hires, and vacancy yields in the US job market
High excess reserves levels not a Fed policy feedback
New York Federal Reserve says level of excess reserves say nothing about Fed’s policies’ impact
Fed rate setters impact US Treasury market
New York Federal Reserve assesses the microstructure if the US Treasury securities market
Extreme weather conditions key challenge in Caribbean
International Monetary Fund investigates the role of climatic and external shocks in the Caribbean
Data filtering methods impact model estimates
National Bank of Austria shows that different detrending methods impact model outcomes
Regulation is good for competition
International Monetary Fund investigates financial market development
What shadow banks mean for financial regulation
Recognition of the role of the so-called shadow banking system in the financial crisis, means more stringent financial regulation, argues a paper from the New York Federal Reserve
New data on operational risk losses
Survey from the Bank for International Settlements collects data on op-risk losses from 121 banks in 17 countries
Decoupling theory holds, says Bank of England
Bank of England investigates decoupling theory
IMF’s surveillance reforms will deliver
Bank of Canada says International Monetary Fund’s surveillance reforms look promising
UK to return to rules-based approach?
Philip Davis, head of economics and finance at Brunel University, says in an OECD paper that UK might need a more rules-based approach to banking regulation
Tight policy can cause spike in money growth
Bundesbank investigates the transmission of monetary policy in the euro area
Past banking crises studies need reassessment
International Monetary Fund finds that many banking crises studies focused on wrong indicators
Italy’s recessions past and present
A comparative analysis of the country’s main recessions by the Bank of Italy
Gold is special
International Monetary Fund investigates how macroeconomic announcements affect commodity prices
New Keynesian Phillips Curves with wage rigidities
Bank of Canada applies structural inflation models with real wage rigidities to the domestic economy
External consumption habits impact monetary policy
European Central Bank considers implications of consumption on monetary policy