Research
MAS Quarterly Report on Financial Markets- Feb 01
The Monetay Authority of Singapore has just published on Feb 21, 2001 its Quarterly Report on Financial Markets.
CPSS revises glossary of payment system terms
A revised version of the CPSS / BIS publication "A glossary of terms used in payment and settlement systems" is now available for download on the BIS website.
'Tech Transformation, Retail Banking'-by J. Vesala
The doctoral dissertation of Jukka Vesala, titled "Technological Transformation and Retail Banking Competition: Implications and Measurement", has been published by the Bank of Finland. Mr Vesala is presently employed at the European Central Bank. The…
IMF publishes codes for transparency
The International Monetary Fund (IMF) has established a section on its public website (http://www.imf.org/hrd/index.htm) dedicated to highlighting guidelines and issues related to staff ethics, financial disclosure and dispute resolution.
New FRBNY research on exchange rates and wages
New research from the Federal Reserve Bank of New York by Linda Goldberg and Joseph Tracylooks at the effects of exchange rate fluctuations across the population - important in increasingly globalized economies. They offer an explanation of the…
New research from CEPR
Summaries of new discussion papers from the Centre for Economic Policy Research can be obtained on the CEPR website at www.cepr.org
British public see EMU membership as inevitable
According to a new poll reported by GrahamBishop.com, the British public sees EMU membership as inevitable by 2010 and the government is expected to take the lead on pushing for the benefits of EMU participation. The report also contends there has been a…
What's wrong with central bank websites?- S. Hanke
For a start, there are not enough of them, say Professor Hanke and Michael Morgenstern of John Hopkins University. They name the laggards who do not have websites at all - not all of them by any means among the poorest or least developed. The authors…
'Credit, Interest Rates, Open Economy' - ed.Rochon
"Credit, Interest Rates and the Open Economy: Essays on Horizontalism" is a new book edited by Louis-Philippe Rochon and Matias Vernengo. Published by Edward Elgar, February 2001, 296 pp, Hardback, 1 84064 098 7, £59.95, $90.00.
Official Intervention in the Forex Mkt-Mark Taylor
"Official Intervention in the Foreign Exchange Market: Is It Effective, and, If So, How Does It Work?" is a new discussion paper by Mark P Taylor and Lucio Sarno published by the Centre for Economic and Policy Research. They look at the theory and…
Political Economy of the Japan's Financial Markets
In this book, the authors Dick Beason and Jason James attempt to cut through the myths that surround the Japanese markets, and extrapolate a clear, realistic picture of their twenty year transition. The book is divided into four. The authors lay out the…
'Modernizing Financial Systems' - D. Papadimitriou
The modernization of the financial system is a buzz phrase at the moment, especially in America. In this wide-ranging collection of essays, Professor Papadimitriou has gathered together many of the most informed and most readable commentators on this…
Optimal Degrees of Transparency in Mon Pol-Jensen
"Optimal Degrees of Transparency in Monetary Policymaking" is a new discussion paper by Henrik Jensen published by the Centre for Economic and Policy Research in London. He discusses the advantages and disadvantages of transparency. A good paper for all…
Do Monetary Handcuffs Restrain Leviathan?-A. Rose
A new discussion paper called "Do Monetary Handcuffs Restrain Leviathan? Fiscal Policy in Extreme Exchange Rate Regimes" by Andrew K Rose , Antonio Fatas, has just been published by the Centre for Economic and Policy Research. It looks at case studies of…
HKMA Background Brief No.1: HK Linked ER System
Since 1983 the Hong Kong dollar has been linked to the US dollar at the rate of HK$7.8 to one US dollar. The link is maintained through the operation of a strict and robust currency board system. This booklet published by the Hong Kong Monetary Authority…
China banks stay stable in Jan 2001 - PBOC report
Statistics released on Feb. 12, 2001 by the People's Bank of China (PBOC) show that in January 2001 China's financial sector continued its healthy and stable development momentum, with money supply, deposits and loans maintaining steady growth. At the…
'On the Edge-Living with global capitalism'-Hutton
Yet another book about globalisation - but this one has the edge over many competing titles. Will Hutton, whether or not one agrees with his views, is incapable of writing with either the jargon, woolly mindedness or downright tedium which characterise…
Peter Nicholl - Success of Bosnia payment system
BiH Central Bank Governor writes about the successful introduction of new payments system in Bosnia and Herzegovina. He says it is the result of teamwork Vice Governor Kemal Kozaric. He said that it was an historical day for BH. Foreign currency reserves…
ECB slams banks over cross-border payment charges
The European Central Bank on Feb. 8, 2001 accused commercial banks of persistently overcharging retail customers for cross-border payments and said it may have to step in unless fees are cut substantially this year. The ECB said in its February report…
Communications plays key role in mon policy - ECB
Communication policy plays a vital part in supporting the European Central Bank's (ECB) monetary policy by helping the central bank achieve its price stability goal and in assuring public acceptance of policy decisions, the ECB said in its report for…
'Monetary Union, Employment and Growth' -P. Padoan
"Monetary Union, Employment and Growth: The Impact of the Euro as a Global Currency", Edited by Pier Carlo Padoan, Professor of Economics, University of Rome 'La Sapienza', Italy and Director of Economic Studies, College of Europe, Bruges, Belgium. Below…
Information Technology and US Productivity Revival
Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say? byKevin J. Stiroh at the New York Federal Reserve. This paper examines the link between information technology (IT) and the U.S. productivity revival in the late…
'Comparing Financial Systems' by Allen and Gale
Most economic models focus on financial markets (organized markets for stocks, bonds, futures and options), as a means of allocating resources. Franklin Allen and Douglas Gale aim, in this book, to demonstrate how this is misplaced. By reviewing…
'The End of Finance' by Jan Toporowski
Toporowski tells us in his foreword that in a previous book (The Economics of Financial Markets and the 1987 Crash) he became so preoccupied with the crash that he 'omitted to include ... any general theory or explanation of stock market crashes in…