Research
Impact of rate setting on banks assessed
A sharp increase in the steepness of the yield curve has the most negative impact on banks' interest income of any rate shock, research published by the Bundesbank finds.
IMF programmes improve governance, says Fund
Successful implementation of International Monetary Fund programmes results in improvements in the quality of economic governance, research published by the Fund states.
Fed has little control over rates
The Fed's ability to control short-term interest rates may be greatly exaggerated, research published by the St Louis Fed suggests.
What the IMF can learn from central banks
The International Monetary Fund (IMF) should follow the example of central banks in reforming its governance framework, research published by the Bank of Canada argues.
Capital controls can serve as liquidity buffers
Reserve requirements can be used to prevent the occurrence of a bank run by maintaining adequate levels of liquidity, according to a new International Monetary Fund paper.
Securitisation linked with lending standards fall
Lending standards in the subprime mortgage market declined more in areas with higher mortgage securitisation rates, reports a new International Monetary Fund paper.
Good year ahead for US farming
US farmers could enjoy another bountiful year, due in large part to rising export opportunities, finds an economic report published by the Kansas City Federal Reserve.
Reserve accumulation and price commitment
A new paper published by the International Monetary Fund finds that foreign-exchange interventions and a rapid accumulation of reserves can damage the anti-inflationary credibility of the monetary authority.
Are US exchanges too tough on Canadian firms?
Canadian firms are more likely than most to be involuntarily de-listed from a major US exchange, research published by the Bank of Canada shows.
Does good governance improve performance?
Research published by the Philadelphia Federal Reserve finds no statistically significant relationship between a central bank's organisational structure and its performance.
Research uncovers predictors of financial stress
A combination of credit and asset price variables can serve to predict financial stress, research published by the Bank of Canada finds.
Three signs of financial vulnerability
New research published by the International Monetary Fund has highlighted three factors which can exacerbate emerging and developing economies' vulnerability to financial crises.
Bourse trends in Russia and China investigated
Russian stock markets have become more integrated with global exchanges in the past decade than their Chinese counterparts, research published by the Bank of Finland finds.
Russian state banks perform better than rivals
Domestic private banks are less efficient than their public-sector counterparts, research published by the Bank of Finland finds.
Term Auction Facility has done little to help
The Term Auction Facility operation, introduced in December to temper money-market tensions, has failed to narrow interbank spreads, a research paper co-authored by John Taylor, the creator of the influential Taylor rule on monetary policy, finds.
Israel Economic Review - April 2008 edition
The Bank of Israel has published the latest edition of its Israel Economic Review, a twice-yearly journal covering a range of subjects relevant to the country's economy.
BoE on how to reduce systemic risk
The Bank of England has published a paper looking at how the structure of financial systems affects systemic risk.
Bank of Canada on housing market volatility
Better access to global financial markets exacerbates the peaks and troughs of business cycles for the housing industry, research published by the Bank of Canada shows.
No need to change disclosure rules
Disclosure practices may be enhanced without amending existing rules, a survey conducted by leading global regulators has found.
Housing bequests hamper monetary policy in Cyprus
Social customs in the Cypriot housing market interfere with monetary transmission mechanisms, a paper by the Central Bank of Cyprus finds.
Where New-Keynesian models fall short
New-Keynesian monetary models' assumptions do not fully reflect the complexity of price behaviour, a paper published by the National Bank of Belgium states.
Bond spreads determined by turmoil
At the times of crisis global financial market conditions are the fundamental drivers of changes in bond spreads, research published by the International Monetary Fund finds.
Business sector mark-up decline in Canada
Mark-up in the Canadian business sector has declined since the mid-1980s, finds a new paper from the Bank of Canada.
Germany set to suffer from US slump
Germany will suffer from the downturn in the US and the weakness of the dollar as exports - contrary to what many politicians and entrepreneurs believe - are unlikely to rise, claims Norbert Walter, the chief economist of Deutsche Bank.