Research
Deutsche Bundesbank Monthly Report, March 2003
The Bundesbank said in its March 2003 monthly report that growth in overall output came to a halt in the fourth quarter of 2002 and the labour market situation deteriorated further around the turn of the year.
The Regional Economist, April 2003
The Quarterly Review of Business and Economic Conditions, The Regional Economist, April 2003 edition from the St Louis Fed includes an article 'Is Confidence High?' Economic forecasters rely on monthly consumer confidence surveys to help them determine…
ECB TARGET Annual Report 2002
The European Central Bank (ECB) on 14 April publishing the third edition of the TARGET Annual Report. It gives an overview of TARGET operations in the year 2002.
Bank of Japan Monthly Report, April 2003
The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, April 2003, on 10 April. In the report the BOJ acknowledged that economic activity remained flat. But it was more upbeat about business investment and said…
IMF World Economic Outlook, April 2003
The International Monetary Fund has published its twice yearly World Economic Outlook report for April 2003. In the report the IMF said the global economic recovery will remain slow and uncertain even after the war with Iraq, and will be dangerously…
ECB says 2003 growth rate hard to predict
The European Central Bank published its April 2003 Monthly Bulletin on 10 April. In the report the ECB said while a modest rate of growth should be expected this year, "the specific evolution of economic growth for the rest of this year is particularly…
CGFS report on institutional asset management
The latest report from the Committee on the Global Financial System (CGFS) has been published. The report "Incentive structures in institutional asset management and their implications for financial markets" was prepared by a working group comprising…
EconSouth from the Atlanta Fed First Quarter 2003
The Federal Reserve Bank of Atlanta has published its regular online magazine, EconSouth, for the First Quarter 2003. The latest edition contains a feature "What's Different About This Recovery". The article looks at the concept of a "stealth recovery".
Chicago Fed National Activity Index, February 2003
CFNAI Shows Economic Growth Slowed in February - In February, the Chicago Fed National Activity Index (CFNAI) fell below zero again after briefly turning positive in January. The monthly index came in at -0.62 in February, following January's upward…
Reserve Bank of New Zealand Bulletin, March 03
The Reserve Bank of New Zealand published its quarterly Bulletin for March 2003 on 28 March. The latest issue contains five articles covering a broad range of central banking issues. Articles include 'The output gap and its role in monetary policy…
St Louis Fed Central Banker, Spring 2003
The Spring 2003 edition of the St. Louis Fed's Central Banker magazine has been published. The issue carries a report on the regional partnership being set up by the Cleveland and St.Louis Fed banks. There is also a feature on the condition of the…
IMF Global Financial Stability Report, March 2003
The International Monetary Fund published on 27 March its Global Financial Stability Report, the semiannual assessments of global financial markets. In the report the IM warned that a prolonged war in Iraq could hit global financial markets hard. The…
G-10 Working Group report on contractual clauses
The Report of the G-10 Working Group on Contractual Clauses (September 2002) hes been published in March 2003. The report sets out the key features of collective action clauses for sovereign bonds that the G10 Ministers and Governors believe would, if…
Philadelphia Fed Business Outlook Survey, Mar 2003
Activity in the region's manufacturing sector weakened in March, according to firms surveyed for March's Business Outlook Survey. This represents a deterioration from the basically flat performance in February. Indexes for general activity and new orders…
IMF: monetary policy for vulnerable economies
The IMF has issued a working paper on 'Monetary Policy Rules for Financially Vulnerable Economies', noting, inter alia, that emerging market economies are not financially robust and are unable to smooth out large external shocks. The paper examines…
IMF reviews book on ME monetary policy
IMF review of 'Monetary Policy and Exchange Rate Regimes - Options for the Middle East', edited by Elina Cardoso and Ahmed Galal
Bank of England Quarterly Bulletin, Spring 2003
REPORT - The Bank of England released its Quarterly Bulletin, Spring 2003, on 21 March. The Bulletin includes an article on "Monetary policy and the zero bound to nominal interest rates" which suggests that a deflation situation is highly unlikely to…
Deutsche Bundesbank Monthly Report, February 2003
REPORT - The Bundesbank said in its February 2003 monthly report the recovery of the world economy slowed down noticeably in autumn 2002 even grinding to a halt in industrial countries. The report says this picture has changed little since the turn of…
Bank of England Inflation Attitudes Survey, Feb 03
REPORT - The Bank of England's February 2003 quarterly Inflation Attitudes Survey was published on 17 March. The survey measures public attitudes to inflation in the UK. The survey showed that the number of people satisfied with how the Bank is doing its…
Sveriges Riksbank Inflation Report, No.1, 2003
REPORT - Sweden's central bank has published its Inflation Report for the First Quarter 2003. In the report the Riksbank said this year inflation has risen more than anticipated, partly due to rising oil prices. The report says that the recovery slowed…
Gold may sustain highs over 2003
Research from Macquarie Research Equities argues that gold will maintain its strength throughout 2003, supported not only be war fears, but wider geopolitical worries.
IMF paper on Caribbean currency board idea
A currency union, based around a currency board model, is the way forward for the Caribbean region, a working paper released today by the IMF argues.
Banking - Hong Kong style
BOOK - The HKMA yesterday published the second of a series of background briefs designed to explain the workings of Hong Kong's monetary and banking systems. "Banking Supervision in Hong Kong" describes the main features of Hong Kong's banking system and…
HKMA Quarterly Bulletin, March 2003
The Hong Kong Monetary Authority's Quarterly Bulletin for March 2003 includes articles on the 'External Demand for Hong Kong Dollar Currency' and 'Alternative Measures of the Real Effective Exchange Rate'.