Economics

St Louis Fed paper on forex intervention

This Federal Reserve Bank of St. Louis Working Paper "Authorities' beliefs about foreign exchange intervention: Getting back under the hood" presents the results of a survey of monetary authorities with respect to their beliefs about foreign exchange…

Fukui on developments in Japan's economy

In a speech given on 16 June (published 18 July) Toshihiko Fukui of the Bank of Japan said looking forward, exports are expected to continue rising against the background of further expansion of overseas economies.

IMF paper on policy lessons from Latin America

The IMF Working Paper "Macroeconomic volatility: The policy lessons from Latin America" traces how the history of macroeconomic volatility and financial crisis over the past century has adversely impacted on growth and other development indicators.

BIS Triennial Central Bank Survey 2007

The BIS announced on Monday 17 July that it will carry out its seventh triennial survey in April and June 2007, with the participation of 54 central banks and monetary authorities.

FT calls Hungary 'sick man of Europe'

"Although no country covets the title of 'sick man of Europe', there are several contenders for it. The frontrunner, though, is Hungary," the Financial Times Lex column said on Monday 17 July, in a piece that was picked up by various media.

Bernanke complicated by regional Fed presidents

According to the article "Bernanke push for unity complicated by regional Fed presidents" published by Bloomberg on Tuesday 18 July, it is becoming more difficult for Ben Bernanke to create consensus with regional Fed presidents gaining influence and…

Inflation targeting in dollarized economies

According to this Working Paper from the Central Bank of Chile, the shift to an inflation targeting regime has contributed to the relatively low inflation observed in some emerging market economies.

Tumpel-Gugerell on the Retail Banking Sector

In the speech 'Preliminary findings of the Retail Banking Sector Inquiry' given on 17 July Gertrude Tumpel-Gugerell of the ECB said called for progress on the integration of the EU's retail bank markets.

ECB's Bini Smaghi on global imbalances

In the speech 'European and Asian perspectives on global imbalances' given on 14 July Lorenzo Bini Smaghi of the ECB said for the euro area, Asia has now become a more important trade partner than the US.

IMF's Kato on adapting to new global realities

In the speech 'Adapting to new global realities' given on 13 July Takatoshi Kato of the IMF said the Fund is studying a possible change in its voting structure to reflect the increasing weight of emerging market economies.

ECB Monthly Bulletin, July 2006

The European Central Bank published its July 2006 Monthly Bulletin on Thursday 13 July. In the report the ECB said it is exercising strong vigilance on inflation risks and expects interest rates to rise progressively if the euro zone economy continues to…

Dallas Fed notes 'disappointing' inflation

The Dallas Federal Reserve Bank said on Thursday 13 July U.S. inflation has been "disappointingly" high but slow labor cost growth and hefty profits should keep it from gaining a firm grip.

Monetary Authority of Macao - Annual Report 2005

According to the Monetary Authority of Macao's Annual Report 2005, the Special Administrative Region Government has garnered support from the Central Government in its attempt to launch a series of measures aimed at restructuring the economy and…

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