Research
Renminbi's behaviour influences whole region
Since the exchange rate reform in July 2005, fluctuations in the renminbi have impacted the movement of other Asian currencies, research published by the Hong Kong Monetary Authority (HKMA) finds.
Global slowdown may hamper US deficit financing
It may be harder to continue financing United States current-account deficits on such favourable terms if the recent wave of financial globalisation were to subside, research published by the New York Federal Reserve finds.
Research shows dollarisation and rates link
Since the adoption of inflation targeting and a floating exchange rate in 1999, real interest rates in Brazil have fallen as levels of dollarisation in the economy have dropped, research published by the International Monetary Fund finds.
Pacific Island SWFs hampered by mismanagement
Little integration with budgets, institutional weaknesses and inadequate controls have hindered the performance of sovereign wealth funds run by the authorities in Pacific Island countries, research published by the International Monetary Fund finds.
IMF template reduces exchange rate volatility
The adoption of the International Monetary Fund's International Reserves and Foreign Currency Liquidity Data Template leads to a fall in exchange rate volatility, research published by the Fund finds.
Public debt management: the Sri Lankan experience
The Central Bank of Sri Lanka has published details of its role in managing the public debt, which it has undertaken since its inception in 1950.
Big banks the ones making a mint from seigniorage
Smaller central banks lacking independence in poorer countries generally make less from seigniorage, the profit involved in minting coins, research published by the International Monetary Fund shows.
Rate setters act on inflation not job location
Little evidence exists of any systematic differences in the voting habits of internally- and externally-appointed members of the Bank of England's monetary policy committee, research published by the Bank finds.
Currency flexibility needed for China's success
China will need exchange rate flexibility and, eventually, convertibility with open capital markets if it is to carry on succeeding as a large and diverse economy, says Maurice Obstfeld, an academic based at the University of California, Berkeley.
Renminbi revaluation would help dampen inflation
An appreciation of the renminbi against the greenback should lead to the Chinese authorities having more control over inflation, but would have little effect on the size of the United States trade deficit, says Marvin Goodfriend, an academic based at…
Globalisation adds importance to monetary policy
A stronger case exists for central banks maintaining price stability as the impact of financial globalisation grows, research by the International Monetary Fund finds.
US markets unconvinced by 1980s inflation fall
Financial markets were sceptical of the Federal Reserve's commitment to low inflation even after the period of disinflation in the early 1980s, research published by the Kansas City Federal Reserve finds.
Emerging Asia impacts commodity price trend
Industrial activity in emerging Asia appears to have become, since 1997, a stronger driver of oil and commodity price movements than business cycle trends in developed economies.
Bank loans an offer Italy's criminals can refuse
Italy's underground economy does hold back financial deepening, research published by the Bank of Italy finds.
Carry trade returns high but losses heavy
Though carry trades in various Asian currencies tend to outperform major stock markets, there is a relatively high frequency of large negative returns, research published by the Bank for International Settlements finds.
South Africans' inflation expectations
South African economic agents are neither exclusively rational nor exclusively adaptive in forming inflation expectations, research published by the South African Reserve Bank finds.
Price fall the main cause of subprime delinquency
A fall in house prices has been the single biggest contributor to the rise in subprime delinquency levels, research published by the San Francisco Federal Reserve finds.
Credit channel has bigger effect on big banks
Rate hikes have a greater impact on the lending behaviour of bigger banks than smaller institutions, research published by the Chicago Federal Reserve finds.
Prices stickier for manufacturers: US research
The cost for manufacturers to re-price their goods deters them from making changes, research by the New York Federal Reserve finds.
UK and Japan react to house prices, but not Fed
The Bank of England's and the Bank of Japan's monetary policy responds to house price changes, but the Federal Reserve's does not, research by the Riksbank finds.
Dollar's value linked to US productivity
A more productive United States workforce indirectly enhances the dollar's value, research published by the San Francisco Federal Reserve finds.
New thinking on large current-account deficits
Governments should not necessarily intervene to reduce the large current-account deficits of the United States and many of the euro area economies, research published by the International Monetary Fund finds.
CEPR proposes solution for fiscal dilemma
Game theory and inflation targeting could provide the best solution to the problem of fiscal policy impacting monetary policy, a paper published by the Centre for Economic Policy Research (CEPR) finds.
Boston Fed blames subprime on house price decline
In conducting what it calls "the first rigorous assessment of the homeownership experiences of subprime borrowers", the Boston Federal Reserve has found that the decline in house prices that began in the summer of 2005 is the factor most responsible for…