Research
Market pressure matters for capital
Market pressure was an important factor in the banks' capital build-up during the early 1990s, according to a new paper by the National Bank of Belgium.
EU candidate countries' financially stable
The financial systems of EU candidate countries Croatia, Macedonia and Turkey are in a good position to resist adverse shocks, according to a new paper from the European Central Bank.
Trends in large-value payments
New research from the Federal Reserve Bank of New York identifies global trends in large-value payments.
Immigration and Germany's labour market
A recent paper from the Bank of Italy examines the impact of immigration to Western Germany in the 1990s on wages and unemployment.
Global factors have greater impact on EM inflows
The significance of global factors on the volatility of capital flows to emerging countries have increased in recent years relative to country-specific factors, a new paper from the Bank of Spain finds.
Fiscal surveillance needs more timely data
Quarterly data from the European System of Integrated Economic Accounts should be used for real-time fiscal surveillance in Europe, new research from the European Central Bank finds.
Does the ECB follow the Fed?
New research from Deutsche Bank looks at how closely the European Central Bank's (ECB) monetary policy follows that of the Federal Reserve.
Silicon Valley typical of US R&D geography
Research and development (R&D) activity in the US tends to be heavily geographically concentrated, a paper published by the Philadelphia Federal Reserve finds.
Core inflation a better signal of price trends
The relationship between headline and core inflation has changed significantly over time, research published by the Federal Reserve finds.
Finland chronicles rise of financial education
New research published by the Bank of Finland charts the humble beginnings and rapid development of financial research in the Nordic country.
Globalisation impacts exchange rates
Globalisation has important implications for the interaction of exchange rates and the overall economy, new research published by the European Central Bank suggests.
How economic news moves markets
Only a few economic announcements tend to impact markets, research published by the New York Federal Reserve finds.
Why less Italian women work
The difficulties involved in reconciling work and family when there are children are among the leading causes of the low female employment rate in Italy, research published by the country's central bank finds.
Japanese productivity boosted by IT
Since the turn of the millennium, technological progress appears to have raised levels of Japanese productivity, new research published by the country's central bank finds.
The Fed should have followed the shadows: Poole
The US economy would have performed better during the Great Inflation era if the Federal Reserve had implemented the policy of the Shadow Open Market Committee, new research co-authored by William Poole, a former president of the St Louis Fed, finds.
Smaller MPCs rely more on staff views
The use of staff-policy recommendations by central banks' monetary policy committees is negatively related to the size of the rate-setting board, research published by the National Bank of Hungary finds.
Poor institutions hinder fiscal policy
The quality of nations' institutions impacts the effectiveness of fiscal policy, research published by the Central Bank of Chile finds.
An agent-based model of payment systems
A new research paper by the Bank of England lays out a multi-agent, multi-period model of a Real-Time-Gross-Settlement system.
Divorcing money from monetary policy
By paying interest on reserve balances at the central bank's target interest rate, a central bank can increase the supply of reserves without driving market interest rates below its target, says a new paper from the New York Federal Reserve.
Dollar less important when reserves abundant
The share of the dollar in global foreign currency reserves falls when reserve levels increase, finds a new paper from the European Central Bank.
R&D not essential for export success
Innovation does not necessarily boost firms' export performance, finds a new paper from the Central Bank of Chile.
Domestic inflation influenced by global factors
Common shocks, similar policy reactions, international trade and financial links are significant common components in global inflation rates, finds a new paper from the St Louis Federal Reserve.
Financial globalisation promotes stability
Financial globalisation fosters domestic macroeconomic stability, finds a new paper from the San Francisco Federal Reserve.
Inflation dynamics in Turkey
A new paper from the Central Bank of Turkey examines monetary pressures and inflation dynamics in the domestic economy.