Research
On the roots of housing bubbles
Regions or economies with a low share of owner-occupied houses are more prone to housing bubbles that are driven by locally unstable rent dynamics, research published by the Central Bank of Turkey argues.
For how long can the US deficit be sustained?
Federal Reserve research suggests that it would take many years for the US debt to reach a level that would test global investors' willingness to extend financing.
Chicago Fed investigates payments fraud
The Chicago Fed has published a note assessing the debate over payments systems fraud.
IMF assesses money's role in policy
The International Monetary Fund has published research looking at the role of money in monetary policy.
How to predict global stock returns
Short interest rates and term spreads are fairly robust predictors of stock returns in developed markets, research published by the Federal Reserve finds.
Interest rates in inflation-targeting countries
A new paper from the Reserve Bank of Australia examines whether long-term nominal interest rates in inflation-targeting economies are determined abroad.
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.