Economics

US markets unconvinced by 1980s inflation fall

Financial markets were sceptical of the Federal Reserve's commitment to low inflation even after the period of disinflation in the early 1980s, research published by the Kansas City Federal Reserve finds.

Bank of England - Quarterly Bulletin

Details of the impact of Northern Rock's use of the lender of last resort facility on the Bank of England's open market operations are noted in the latest edition of the Quarterly Bulletin.

Numbers of central bankers continue to rise

The 2008 edition of Central Banking Publications's Central Bank Directory, the annual guide to the world of central banking, estimates the number of central bankers in the world at 348,865, a marginal 0.2% increase over last year. This maintains last…

Imbalances to gradually decline despite turmoil

The unwinding of global imbalances is still likely to continue gradually in spite of the increased risks posed by the recent financial turmoil, says John Lipsky, the first deputy managing director at the International Monetary Fund (IMF).

UAE governor wants to stay on

Reports that Sultan Nasser al-Suweidi, the governor of the Central Bank of the UAE, was planning to step down when his four-year term ends next week, to be replaced by Saeed Mubarak Rashid al-Hajeri, chairman of Abu Dhabi Commercial Bank, have been…

Carry trade returns high but losses heavy

Though carry trades in various Asian currencies tend to outperform major stock markets, there is a relatively high frequency of large negative returns, research published by the Bank for International Settlements finds.

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