Research
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.
Targeting impacts little on inflation expectations
Inflation targeting by Latin American central banks is failing to have the desired effect on economic agents' inflation expectations, research published by the Central Bank of Chile finds.
Japan reviews communications on uncertainty
The Bank of Japan has produced research analysing the communication efforts of six central banks and the International Monetary Fund (IMF) on the economic outlook.
Chinese monetary policy impacts region
The People's Bank of China's rate moves impact economic growth and inflation in a number of east Asian economies, research published by the Bank of Finland finds.
Lower loan costs to stem foreclosures: Boston Fed
Making mortgage payments temporarily affordable for Americans with negative housing equity is the best way to prevent foreclosure, research published by the Boston Fed finds.
NY Fed analyses large-value payments trends
The evolution of central bank policies is one of the main forces behind changes in large-value payment systems, research published by the New York Federal Reserve finds.
Boston Fed's subprime facts
The Boston Federal Reserve's research into subprime mortgages has so far uncovered seven facts relating to the crisis.
Restrict money issuance to foster stability
Pouring central bank money into Latin American financial systems in times of uncertainty fails to promote economic stability, research published by the International Monetary Fund states.
Incentives the root cause of the crunch
Perverse incentives were the major cause of the current turmoil and changing those incentives will be the solution, an article published by the International Monetary Fund notes.
Johnson on oil and food
World oil markets are likely to remain under pressure for some time before high prices have a corrective impact on both supply and demand, says Simon Johnson, the chief economist of the International Monetary Fund.
BoE money-market reforms have worked - paper
This paper by economists from the Bank of England finds that the central banks' introduction of reserves averaging since May 2006 has enhanced banks' ability to manage their daily liquidity requirements, by enabling them to trade in the interbank market…
TAF successful in liquidity provision
The Federal Reserve's Term Auction Facility (TAF) is relieving the liquidity concerns and lowering liquidity premiums in the inter-bank money market, a new paper by the Federal Reserve Bank of Dallas finds.
IMF paper on the choice of currency anchor
The determination of a country's currency anchor depends mainly on the main trading partners' choice of currency anchor, a new paper by the International Monetary Fund finds.
IMF financing model becoming unsuitable
International Monetary Fund financing is increasingly unlikely to be sufficient to meet the demands of its higher-risk members, research published by the Bank of England finds.
IMF urges central bankers to hike rates
Policymakers would be better off reacting to the recent surge in commodity prices by raising rates, new research published by the International Monetary Fund states.