Research
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.
Fed's new subprime and alt-A maps
The Federal Reserve System will publish maps updated monthly to illustrate the state of subprime and alt-A mortgage loans across the United States.
Commodity price shocks in a small open economy
Commodity price shocks significantly contribute to the exchange rate fluctuations and business cycles in a small open economy, recent research by the Bank of Canada shows.
Deutsche Bank dismisses ECB conflict concerns
Deutsche Bank's chief economist sees no serious conflict between the European Central Bank's price stability objectives and its lender-of-last-resort function.
Kansas Fed finds changing inflation dynamics
This research by the Kansas Federal Reserve finds that the dynamics of inflation and long-term inflation expectations have changed over the last two decades.
Riksbank paper on governance
A new working paper from Sweden's central bank provides an exhaustive study of governance arrangements across central banks.
RBA Financial Stability Review
The Australian financial system has coped better with the recent strains than have those of many other countries, notes the latest Financial Stability Report from the Reserve Bank of Australia.
Czech challenges in monetary policy
A new paper published by the International Monetary Fund concludes that Czech National Bank will have to raise rates if the proposed reduction of the inflation target in 2010 is not fully incorporated into public-sector behaviour and inflation is above…
Money matters in the US and euro area
A new paper from the Bank of Spain provides structural estimates for money and the natural rate of interest for the United States and the euro area.
Monetary policy decisions: inputs and outcomes
A new paper from the Bank for International Settlements compares the practices of research and briefing prior to monetary policy decisions at several central banks, and looks at how decisions are presented and explained to markets and the public.