Research
Deutsche Bundesbank Monthly Report, June 2004
The Deutsche Bundesbank has published the English version of its June 2004 monthly report. The discernible upturn in the economy during the second half of 2003 became somewhat stronger in the first quarter of this year, the report said.
Chicago Fed Letter, August 2004
The latest edition of the Chicago Fed Letter for August 2004, titled 'Economy to continue cruising along,' says the outlook for 2004 is for the US economy to have its best growth in seven years, growing at a rate above potential, and leading to a fall in…
BIS paper on management of interest rate risk
As part of its ongoing efforts to address international bank supervisory issues, the Basel Committee on Banking Supervision issued a paper on principles for the management of interest rate risk in September 1997. This revised version is being issued to…
Book - 'A term at the Fed' by Laurence H. Meyer
In his new book, A Term at the Fed: An Insider's View, Laurence Meyer displays a certain frankness in discussing his performance as a central-bank policymaker from 1996 to 2002, this book review says. He's candid about the mistakes he made and even…
Kansas Fed's Economic Review, 2nd Quarter 2004
The Kansas City Fed's Economic Review 2nd Quarter 2004 includes an article "What Impact Will E-Commerce Have on the U.S. Economy?" which examines the economic factors that have contributed to the rapid growth of e-commerce and assesses how the future…
Danish cb's Monetary Review, 2nd Q 2004
The Danmarks Nationalbank's Monetary Review for the second quarter 2004 describes and comments on recent trends in external finance and domestic credit. It also includes articles on areas of the Nationalbank's work. The Monetary Review also presents…
Bank of Canada, Business Outlook Survey, Summer 04
The Bank of Canada published its Summer 2004 Business Outlook Survey on 12 July. Businesses are somewhat more optimistic about the outlook than they were in the spring, the Survey reported, reflecting increased confidence about the robustness of the…
Sveriges Riksbank Economic Review 2nd Quarter 2004
The Sveriges Riksbank published its Economic Review for the 2nd Quarter 2004 on 12 July. The Review contains articles on subjects related to central banking. The English version of the second issue contains three articles: Can we be best again?, How does…
Fed's Roger Ferguson on productivity:
In a speech on 'Productivity: Past, Present, and Future' given on 7 July, Roger Ferguson of the Federal Reserve said the recent increase in U.S. inflation should not be sustained but the Fed is ready to act if that view proves wrong.
Japan: FATF recommendations, anti-money laundering
Report on the Observance of Standards and Codes on the FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism for Japan. Prepared by a staff team of the IMF as a background documentation of the periodic consultation with…
ECB Monthly Bulletin, July 2004
The European Central Bank published its July 2004 Monthly Bulletin on 8 July. The high unemployment rate in the eurozone is likely to limit pressure for wage increases and thus prevent the recent rise in oil prices spilling over to other consumer prices…
St Louis Fed's Regional Economist, July 2004
The Quarterly Review of Business and Economic Conditions, The Regional Economist, July 2004 edition from the St Louis Fed includes the article "Fannie, Freddie and the FHLB". These government-sponsored enterprises continue to make headlines because of…
'The Region' from the Minneapolis Fed, June 2004
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2004. The issue includes 'Prospects for economic expansion' in which Gary Stern speaks on the concepts of resilience, flexibility and productivity. In …
Semiannual Report on Currency and Monetary Control
The Bank of Japan has published a summary of its semiannual report on currency and monetary control for the second half of fiscal 2003. Japan's economic activity started to recover gradually in the second half of fiscal 2003 (Oct 03-Mar 04) led by an…
Can debt crises be self-fulfilling?
Several papers argue that debt crises can be the result of self-fulfilling expectations that no one will lend to a country. This IMF Working Paper says this type of coordination failure can be eliminated by a combination of state-contingent securities…
Fed Reserve Bank of St Louis Review, Jul/Aug 2004
The latest edition of the St Louis Fed's Review for July-August 2004 contains proceedings of the Twenty-Eighth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis and includes articles "Is inflation targeting best-practice monetary…
Norges Bank Inflation Report, July 2004
Norway's central bank, Norges Bank, has published its latest Inflation Report for July 2004. The report says inflation is low and since the March Inflation Report, it has moved in line with projections. Inflation is being restrained by the appreciation…
The development of statistics for EMU - ECB book
The European Central Bank published a book on 2 July recording the work to develop statistics for Economic and Monetary Union (EMU). Part A of the book concerns the preparatory work in the years 1992 - 98. Part B describes the numerous enhancements made…
Reserve Bank of New Zealand Bulletin, Jun 2004
The Reserve Bank of New Zealand has published its quarterly Bulletin for June 2004. The June issue contains articles spanning most of the Reserve Bank's core functions including "What drives the New Zealand dollar?". In addition, for the first time the…
Chicago Fed National Activity Index, May 2004
The Chicago Fed National Activity Index May 2004 moved sharply higher, to +0.91, from a downward revised +0.52 the previous month. As was the case in April, production- and employment-related data added the most to May's CFNAI, although each of the four…
St Louis Fed's Central Banker, Summer 2004
The Summer 2004 edition of the St. Louis Fed's Central Banker magazine has been published. The latest issue carries an article "The FACT Act Helps Bankers Mitigate Risks" which says approximately half of all identity-theft claims in the Eighth District…
Evolution and procedures in central banking
The papers in this volume "Evolution and Procedures in Central Banking" were presented at the Cleveland Fed Central Bank Institute's first conference. The articles and discussants' comments in this volume largely focus on two questions: the need for…
Bank of England Financial Stability Review, Jun 04
The Bank of England published its latest Financial Stability Review for June 2004 on Monday 28 June. It contains the Bank's regular half-yearly review of risks to financial stability and measures taken to strengthen the financial infrastructure, together…
Bank of England Inflation Attitudes Survey, May 04
The Bank of England's May 2004 quarterly Inflation Attitudes Survey was published on 18 June. Asked about the future path of interest rates, 71% expected rates to rise in the next 12 months, up slightly from 69% in the February survey.