Research
Mexico redesigns currencies to help blind people
The Bank of Mexico intends to make alterations to its bank notes to help the blind and visually impaired distinguish them by making them identifiable by touch.
Efficacy of central bank interventions - Australia
An RBA discussion paper "Identifying the Efficacy of Central Bank Interventions: Evidence from Australia" says the endogeneity of exchange rates and intervention has long plagued studies of the effectiveness of central banks' actions in foreign exchange…
Growth and Adjustment in Chile-A Look at the 1990s
A Working Paper from the Central Bank of Chile published March 2003 provides a thorough review of the post-1998 slowdown in economic growth in Chile. The paper is jointly authored by the newly named president of the Banco Central De Chile Vittorio Corbo.
Capital flows to emerging markets
A recent Working Paper from the Bank of England 'Capital flows to emerging markets' extends a model previously developed by Barro et al. The paper looks at the optimal rate at which capital should flow to emerging market economies. It suggests optimal…
Federal Reserve Board - Beige Book, April 2003
The Federal Reserve Beige Book released on 23 April reported that the US economy remained becalmed during the war with Iraq, as geopolitical uncertainty and bad weather conspired to keep consumers at home.
Research themes at the Bank of Canada, 2003
The Bank of Canada presents a summary of major research themes for 2003. Studies will continue on various aspects of inflation dynamics including extensions to earlier work on New Keynesian Phillips curves and developing more sophisticated approaches to…
Bank of Canada Monetary Policy Report Apr.03
The Bank of Canada on Wednesday April 23 released its April 2003 Monetary Policy Report. In the report the bank cut its growth forecast for the year and said the potential impact of the SARS virus creates additional uncertainty for this country's economy…
Philadelphia Fed Business Outlook Survey, Apr 2003
The region's manufacturers report weaker activity for the second consecutive month in April's Business Outlook Survey from the Philadelphia Fed. Indexes of general activity, new orders, and shipments all declined this month. Firms surveyed also reported…
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