Research
Fed on hedge funds resilience
The hedge fund industry is generally robust in the face of different market shocks, finds a new paper from the Federal Reserve.
Should the public read inflation reports?
A new paper published by the Czech National Bank offers a way to evaluate consistency in central bank communication.
Real interest rates in Sweden
New research from the Sveriges Riksbank discusses the concept and development of the real interest rate and the real repo rate in Sweden.
HKMA on how best to predict exchange-rate movement
Combining a number of exchange-rate forecasting models works better than relying on a single one, research published by the Hong Kong Monetary Authority reveals.
Inflation targets impact medium-term expectations
A research paper published by the Bank of England finds evidence that the introduction of inflation targeting has caused both the general public and professionals to anchor their expectations, rather than basing them on current retail price index…
Ten trends in large-value payment systems
A new paper published by the New York Federal Reserve highlights ten trends in the development of large value payment systems worldwide.
Cross-border payments in Europe
A survey carried out by the Netherlands Bank finds that Dutch consumers pay differently for their cross-border purchases than for their domestic purchases.
The determinants of euro's global currency role
A research note from Deutsche Bank finds four factors that would lead to a rise in the use of the euro as an international currency by 2010.
Chinese banks improved by foreign investment
The Chinese banking system has benefited from the entry of foreign investors, research published by the Bank of Finland finds.
Policy should encourage card payments: Riksbank
Swedish consumers over-use cash and under-use cards from a social perspective because their choice of payment instrument is based on private incentives, research by the Riksbank finds.
Regulators must adopt global outlook
The real challenge for the world's financial regulators lies in managing cross-border crises, new research published by the Riksbank states.
Regional knowledge presents barriers to banks
Local banks tend to flourish because asymmetric information makes entry difficult for newcomers, research published by the Bank of Italy concludes.
Settlement risk in Asian FX markets "remains high
Research published by the Bank for International Settlements calls for more extensive use of intra-regional currencies after finding that settlement risk remains high in Asian foreign exchange markets.
IMF on how to insure against external shocks
A new International Monetary Fund paper finds the level of reserves required to self-insure against external shocks for two of the world's most vulnerable regions.
External supervision enhances governance: IMF
A new paper from the International Monetary Fund finds that the likelihood of establishing adequate governance arrangements is higher when the supervisor is located outside the central bank.
Payments after 2010
A new book from payments visionary Harry Leinonen of the Bank of Finland looks at how people will make and receive payments in the second decade of the 21st century and beyond.
Real convergence and EU growth
An occasional paper from the European Central Bank focuses on real convergence and its determinants in candidate and potential candidate countries for joining the euro.
When fair value met market turmoil
A new paper from the Basel Committee's Accounting Task Force and Risk Management and Modelling Group looks at how new accounting treatments and techniques stood up in the face of the recent market turmoil.
The Fed on the 1987 crash
The Federal Reserve has assessed its response to the 1987 stock market crash.
NY Fed on why the US Treasury auctions bills
The US Treasury began auctioning bills in 1929 to mitigate several flaws in the department's financing structure, research published by the New York Fed reveals.
Who stands to gain from inflation?
Research published by the Bank of Canada details the groups that have the most to gain, and to lose, from inflation.
RBA on why central banks tend towards Fed-set rate
Research by the Reserve Bank of Australia has uncovered why long-term nominal interest rates in a number of inflation-targeting small open economies have tended to be highly correlated with those of the United States.
Fed details banks' balance sheet developments
The Federal Reserve has published an account of the profits of and balance-sheet developments at US commercial banks in 2007.
Kansas City Fed uncovers optimal inflation rate
Central bankers should aim for inflation of between 0.7% and 1.4% a year, research published by the Kansas City Fed states.