Economics
Big fiscal spending hurts post-crisis recovery: IMF
International Monetary Fund looks at whether there is a trade-off between committing large fiscal resources and a quick recovery
Croatia to take caution in 2010: Rohatinski
Croatian National Bank’s Željko Rohatinski expects growth lull, shift in spending attitudes
Great Depression spread by Germany, not US
A new paper argues that the 1931 crisis was propagated by the collapse of Germany's banking system
The behavior of money
A technical paper from the Central Bank of Ireland looks at how the demand for money has changed as the store of value function has gained in importance over the past 40 years.
SARB – an official history
The South African Reserve Bank publishes an account of its history, functions and institutional structure
Back in the USSR?
Bank of Finland research finds that after 20 years of experimenting with private financial intermediation, Russia appears to be backtracking towards a state-run credit system.
IMF upgrades Sri Lanka up to emerging market
Fund no longer considers Sri Lanka one of the poorest countries in the world, says central bank
Recapitalise, don’t remunerate – ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi says banks should prepare to meet stronger demand for credit when economy improves
New DSGE model for Estonia
Bank of Estonia makes public its new dynamic stochastic general equilibrium model for the domestic economy
Fed’s Duke is optimistic for 2010
Elizabeth Duke, a governor of the Federal Reserve Board, says she is optimistic that the volume of bank loans will increase this year
Rethinking risk aversion in asset-price models
San Francisco Fed shows measuring household risk aversion correctly is crucial for understanding asset prices
Swiss govt must defend free trade – SNB’s Roth
Swiss National Bank’s Jean-Pierre Roth says weak growth, unemployment, public finance and inflation key future challenges
Bank of Estonia – Financial Stability Review 2/2009
Bank of Estonia says borrowers’ capability to repay debt is the main risk to stability
Bank of Italy – Economic Bulletin January 2010
Bank of Italy – Economic Bulletin January 2010 Bank of Italy says recovery will be sluggish in 2010 and 2011
Kan revives worries over BoJ-government conflict
The appointment of Naoto Kan as finance minister last week has added to the tension between government and central bank
RBI's Mohanty bemoans inflation measures
Reserve Bank of India's Deepak Mohanty wants robust primary measure of inflation
Bank of Korea - Financial Statement Analysis (Q3 2009)
Analysis points to low growth in the three months to September 2009, but notes some reasons for optimism
Italy's economy in the crisis
Bank of Italy looks at the effects of the crisis on the Italian productive system
How oil prices affect the economy
Bank of Canada paper finds that energy prices affect economy mainly through supply side
Federal Reserve -- Beige Book
US central bank’s first report for 2010 shows the economy continuing to improve
Estonia ready for euro in 2011
Bank of Estonia publishes Report on the Adoption of the Euro
Kenya moves to automated treasury trading – Ndung’u
Kenyan governor Njuguna Ndung’u says automated trading system is an important development for treasury bonds
PNG’s kina is a commodity currency
Bank of Papua New Guinea looks at determinants of kina’s exchange rate
Corporate debt supports macro liquidity
Bank of Canada looks at corporations’ debt-issuance strategies