Research
Kurt Schuler on monetary sovereignty
Kurt Schuler, who works in the US Senate’s joint economic committee and one of the leading experts on currency boards and dollarisation, has just released on his website a new paper he has written on monetary sovereignty.
Term structure evidence on interest rate
A new paper by Glenn Rudebusch, economist at the Federal Reserve Bank of San Francisco, which looks at the term structure evidence on interest rate smoothing and monetary policy inertia.
Evolution of Monetary Policy Strategies in Europe
A first-rate, new book on monetary policy in Europe by Aerdt Houben, the head of the monetary analysis division of the Netherlands central bank.
Bank of Canada releases monetary policy report
The Bank of Canada today released its twelfth semi-annual monetary policy report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.
US bought 1.5 bn euros in Sept. 22 intervention
The US monetary authorities intervened in the foreign exchange markets on one occasion during the third quarter, on 22 September, buying a total of 1.5 bn euros, the Federal Reserve Bank of New York said today in its quarterly report to the US Congress.
The role of payment systems in systemic stability
In May this year there was a high-level payment system workshop held by the BIS' Committee for Payment and Settlement Systems in Mexico. The papers presented at that meeting have now been published.
Monetary policy frameworks in a global context
A new highly recommended book edited by Lavan Mahadeva and Gabriel Sterne has just been published by the Bank of England's Centre for Central Banking Studies.
Bank of Korea says room for more demand management
The government needs to manage the nation's aggregate demand properly and improve its import-dependent industrial structure in order to keep the current account balance in the black, the Bank of Korea said yesterday.
Reserve Bank of New Zealand - Annual Report 2000
The Reserve Bank of New Zealand has published its 2000 annual report.
The Zero Bound in an Open Economy
A very interesting paper by Professor Svensson (Lars.Svensson@iies.su.se) going against the grain oftraditional theories of the cause and solution of Japan's economicdifficulties.
Monetary and Exchange Rate Policies
Book Review: "Monetary and Exchange Rate Policies, EMU and Central and Eastern Europe" by D. Begg, L. Halpern, C. Wyplosz (Forum Report of the Economic Policy Initiative (EPI)), (Centre for Economic Policy Research (CEPR), 1999) 108pp, £25, ISBN…
The Politics of Central Banks
Book Review: "The Politics of Central Banks" by R. Elgie and H. Thompson (Routledge, 1999) 200pp, £60, ISBN 04151442
Latin America: Future inflation convergence
Leonardo Leiderman, head of Latin American Research at Deustche Bank and former head of research at the Bank of Israel, gives a report on the move towards inflation convergence in Latin America.
UK inflation to rise above target, says Bank
In its latest quarterly inflation forecast, the Bank of England forecasts inflation to go above its 2.5% target in two years time. But deputy governor Mervyn King says this does not mean interest rates have to rise.
IMF concerns over Czech National Bank independence
In its Article 4 consultation with the Czech Republic, the IMF expressed concerns over the changes to the CNB's legislation.
Central banks in European transition economies
This paper analyses the institutional framework of central banks in ten Central and East European countries using the ECB as benchmark.
Rossi on RTGS and liquidity
PAYMENT SYSTEMS IN FINANCIAL MARKETSReal-Time Gross Settlement systems and the provision of liquidity - Marco Rossi (Macmillan Press Ltd, 1998) 152pp