Research
Why hot money hounded China
Bank of Japan obtains a picture of the flow of short-term funds into and out of China
Pay cuts in Luxembourg rare
European Central Bank assesses the degree of wage flexibility in Luxembourg
Bagehot 's tenets needs to be revised
New York Federal Reserve investigates whether Bagehot’s 19th lender-of-last-resort doctrine still applies
Italy’s Visco : target global imbalances
Bank of Italy’s Ignazio Visco says that macroeconomic imbalances must be taken care of
Prices increases of manufactured goods low
Reserve Bank of Australia looks at price movement
Monetary policy for small economies
Bank of Albania publishes volume on monetary-policy strategies for small economies
No need for further euroisation in Cape Verde
International Monetary Fund finds that Cape Verde’s peg to the euro suits its economy just fine
Public-private partnerships affected by crisis
International Monetary Fund investigates the impact of the global financial crisis on public-private partnerships
Lender recourse increases the likelihood of default
Richmond Federal Reserve shows the impact of lender recourse on mortgage defaults
Labour productivity fosters booms
New York Federal Reserve shows labour productivity helps create bubbles
National Bank of Austria – Research Update newsletter
National Bank of Austria publishes latest Research Update newsletter
China’s international balance sheet to triple in ten years
Bank for International Settlements shows that China’s role as a creditor nation will increase in the future
Exchange-rate hedging reason for home-bias in equity holding
International Monetary Fund shows that households hold a disproportionate share of their equity portfolios in their own country’s equities due to exchange-rate hedging
US policymakers should implement Brady Plan-like measures
Boston Federal Reserve shows that lessons from the Latin American debt crisis can be applied to the US credit securitisation markets
Counterparty risk drives foreign-exchange swap market
Bank for International Settlements investigates dislocations in the foreign-exchange swap market between the dollar and three major European currencies
Banks’ capitalisation matters for monetary policy
Bank of Finland looks at the role of the banking sector in the monetary-policy transmission mechanism in an emerging economy with a rapidly developing financial system
Hong Kong’s markets mirror US in turbulent times
Hong Kong Monetary Authority looks at financial market interactions with the US and mainland China
Institutions key for China’s growth
Bank of Finland analyses whether institutions matter for China’s economic performance
Banks benefit more in bank-firm relationships
European Central Bank analyses the effects of bank-firm governance links on the global syndicated loan market
A fifth of prices change each month in Belgium
National Bank of Belgium examines how frequently prices change in Belgium
East Asia-Pacific central banks softened US shocks
Hong Kong Monetary Authority research finds East Asia-Pacific monetary authorities dampened shock from United States money market
Euro-area acceleration cycle industry driven
Banque de France provides quantitative assessment methods for euro-area business cycle analyses
High oil prices lift output of exporting economies
Bank of Finland research finds that for Iran, Kazakhstan, Venezuela, and Russia oil price positively affects output growth
Loyalty programmes influence payments choices
Reserve Bank of Australia finds that price incentives, and loyalty programs in particular, are influential when it comes to consumer decisions about payment instruments