Economics
Sarb - Annual Economic Report (2011)
South African Reserve Bank 2011 Annual Economic Report shows economic recovery in South Africa continued to gain momentum in 2010 and early 2011
Central Bank of Peru paper investigates price stickiness
Central Bank of Peru study finds no conclusive evidence of price stickiness in retail prices
Japan's supply-side constraints easing: BoJ report
Bank of Japan July 2011 Regional Economic Report says economic growth in some areas of country are picking up
Eurozone authorities are losing credibility – CNB’s Singer
Credibility is key in crisis resolution and European authorities are failing to achieve, warns Miroslav Singer, the governor of the Czech National bank
Kenya overnight lending rate leaps in unscheduled move
Overnight lending rate raised to 8%, 175 basis points above the benchmark central bank rate
Sri Lanka allows renminbi in international transactions
Central Bank designates renminbi for banking transactions in Sri Lanka; next step in internationalisation of the Chinese currency
European stress tests not complete; EBA’s Enria
European Banking Authority chief says speculation on results of European stress test are “completely unfounded”
Inflation targeting reduced severity of crisis in Turkey: Fund paper
Fund study shows adoption of inflation targeting and flexible exchange rate regime reduced impact of financial crisis in Turkey
ECB lifts lid on shadow-banking activities
New statistics based on broad data collections will improve euro area reporting for financial institutions that fall outside traditional monitoring frameworks
Luck factors in post-conflict recoveries: IMF paper
Fund study says luck plays a significant role in post-conflict recoveries of sub-Saharan African countries
Lithuania plans public education programme
Central bank in discussions with banks and ministry of finance to provide public education programme; central bank governor sees vital importance in the endeavours
Canada’s Carney forecasts moderation in domestic growth
Bank of Canada governor Mark Carney says supply chain disruptions and higher energy prices will slow pace of economic growth in Canada
Crisis raises risk of creditless recovery: ECB paper
European Central Bank study shows creditless recoveries are more frequent after a banking or currency crisis
Barroso confirms European finance ministers agree to EFSF fund rise
European Council set to meet in Brussels to discuss economic policy change and the Greek crisis; Barroso reveals finance ministers agree to raise European Financial Stability Facility fund
Economic models not a panacea for policymaking: Bank’s Fisher
Bank of England executive director Paul Fisher highlights limitations of economic models for forecasting and monetary policy
Bank of Italy paper examines Italian labour market adjustments
Bank of Italy study shows Italian firms reduced working hours and employment to address shortfall in demand post-crisis
Central Bank of Oman - Annual Report (2010)
Central Bank of Oman 2010 Annual Report highlights economic impact of political uprising in Middle East
Angola stops foreign currency loan issuance
National Bank of Angola bans commercial banks from issuing loans in foreign currency
IMF paper highlights procyclicality of government spending
Fund study finds evidence of procyclicality in government spending in commodity-exporting countries
IMF paper on protectionist responses to the crisis
Research finds measures resulted in $30-35 billion decline
Denmark’s Bernstein optimistic on consumption-led recovery
National Bank of Denmark governor Nils Bernstein says private sector savings will drive consumption and investment to more normal levels
US dollar leading currency peg: ECB paper
European Central Bank study shows US dollar continues to dominate as most used exchange rate currency anchor
Draghi encouraged by Baffi’s reign at central bank
Bank of Italy governor Mario Draghi draws on experiences of Italian central bank veteran Paolo Baffi
ECB paper on alternative DSGE models
European Central Bank study highlights methods to improve macroeconomic forecasts and monetary policy decisions