Research
'Inventing Money:story of LTCM' by Nicholas Dunbar
One of the first books relating the story of the rise and fall of the ironically named Long-Term Capital Management. Written by Nick Dunbar, the editor of Risk magazine.
Financial Globalization and Democracy in Emerg Mkt
In this book Leslie Elliott Armijo brings together a collection of original papers on the subject of the impact of global financial flows on political developments in borrowing countries. The majority of them were presented at a 1995 conference on…
Current role of national central banks in the ESCB
This paper by Eduard Hochreiter describes in some detail the tasks currently performed by the national central banks of the Eurosystem, using the Oesterreichische Nationalbank as an example. it does so against the background of the regime shift to the…
Monetary mechanism in a high inflation environment
A new discuussion paper from the Research Department of the Central Bank of the Republic of Turkey examines the basic features of the monetary transmission mechanism in Turkey.
What Drives Productivity Growth?
Kevin J. Stiroh considers the debate on the best way to explain the sources of productivity growth in a forthcoming Economic Policy Review for the Federal Reserve Bank of New York.
US welfare reform: progress and prospects
Following a conference at the Federal Reserve Bank of New York October 2000 "Welfare reform, four years later: progress and propects", preliminary drafts of papers are now available from the Federal Reserve Bank of New York Research and Market Analysis…
Fed's liquidity date change efforts
The Fed's efforts to provide liquidity around the century date change likely had a stabilizing effect on the financing markets.
BoE article on oversight of payment systems
The Bank of England's paper on the oversight of payment systems is published in its latest Financial Stability Review.
Complete glossary of payment systems terminology
The Committee on Payment and Settlement Systems at the Bank for International Settlements has just published a comprehensive glossary of payment system terminology as a reference document for the standard terms used in connection with payment and…
BoE warns on telecoms debt
The Bank of England has joined the UK's financial regulators in warning banks of the risk of heavy lending to telecoms companies.
When Genius Failed: The Rise and Fall of LTCM
This new book by Roger Lowenstein about Long-Term Capital Management suggests that the lenders were clueless as to the nature of the LTCM's assets and strategies and equally ignorant as to LTCM's total indebtedness. Rather, the banks relied on the brand…
Back From The Brink: The Greenspan Years
Journalist Steven Beckner, who has covered monetary policy since the beginning of the Greenspan years, has written a useful book that goes beyond the regular elliptical utterances of the Fed chairman. Reviewed by Kevin L. Kliesen, Economist, Federal…
Nice EU Treaty needed for European Central Bank
As European Union leaders gather in Nice to reform the bloc's decision making processes in preparation for enlargement, one crucial item is absent from the agenda: the European Central Bank. A new paper by the Centre for Economic Policy Research says…
Open Society: Reforming Global Capitalism - Soros
Although the markets remain obsessed with his investment strategies, George Soros says his energies over much of the past decade have been focused elsewhere. Over the past four years, his charitable foundations have spent something like $2 billion in…
OECD calls for 'greater clarity' from BOJ
While the future looks more positive for Japan, significant reforms including greater transparency from the Bank of Japan still need to be made, the Organisation for Economic Development and Cooperation said Wednesday in its annual economic survey of…
Hungary publishes 2001 monetary policy guidelines
The National Bank of Hungary (MNB) agrees with the government on the necessity and method of changing the country's current exchange rate system, but so far no agreement has been reached on a timetable for the change, according to the MNB's monetary…
ECB publishes revision of Eurosystem instruments
The European Central Bank Tuesday said it has published its revision of Eurosystem monetary policy instruments and procedures.
BoE Allsopp - tighter fiscal stance needed
The British government should tighten its tax and spending plans if it wants lower interest rates, Bank of England rate-setter Christopher Allsopp said in a book published Monday.
Bank urges balancing act over payments competition
The Bank of England has warned the UK government that its plans to increase competition in the payments business must be balanced by the need to preserve the stability of the financial system.
Swedish financial system remains stable - Riksbank
Sweden's financial system remains stable thanks to good profitability in the banking sector and a strong economy, the Riksbank said on Thursday.
Risk of Greek economy overheating-Deutsche Bank
Monetary loosening ahead of Greece's entry into the Eurozone is combining with strong private sector investment activity to risk the Greek economy overheating, according to Deutsche Bank.