Economics
The origins of bubbles in laboratory asset markets
The authors of this Atlanta Fed Working Paper, published May 2006, conduct experiments that are designed to investigate individual probability judgment error and speculative behaviour. They find that both factors contribute to the creation of asset price…
ECB Monthly Bulletin, May 2006
The European Central Bank published its May 2006 Monthly Bulletin on Thursday 11 May. In the report the ECB reiterated its outlook that monetary and credit growth remains very dynamic in the euro area and strong vigilance is needed to ensure price…
Norges Bank Economic Bulletin, April 2006
Norges Bank has published its April 2006 Economic Bulletin. The latest Bulletin includes: "Economic perspectives" address by Svein Gjedrem, "Projections, uncertainty and choice of interest rate assumption in monetary policy" address by Jarle Bergo, and …
Central Bank of Ireland, Quarterly Bulletin 2/2006
The Central Bank and Financial Services Authority of Ireland published its Second Quarterly Bulletin for 2006 on 12 April. The Bulletin reports that the outlook for the Irish economy remains good.
BoJ Outlook for economic activity & prices, Apr 06
The Bank of Japan published the English version of its April 2006 Outlook for economic activity and prices report on 1 May. In the report the BoJ said Japan's economy continues to recover steadily.
Austria's Liebscher says oil biggest eurozone risk
Austrian national bank governor Klaus Liebscher told reporters on Thursday 11 May that high oil prices pose the biggest threat to the eurozone economy.
Comment: US Treasury diplomacy
In what has been billed as a key moment in American economic diplomacy, the US Treasury this week resisted temptation and political pressure by deciding not to formally accuse China of currency manipulation.
China's yuan progress 'far too little'
The US government on Wednesday 10 May did not accuse China of manipulating the value of its currency, but said Beijing had made "far too little progress" in adopting a flexible exchange rate.
Bermuda Monetary Authority - Annual Report 2004
According to the Bermuda Monetary Authority's Annual Report 2004, this year saw a continuing increase in the responsibilities and demands placed on the BMA.
Bank of England Inflation Report, May 2006
The Bank of England published its May 2006 Inflation Report on 10 May. In remarks following the publication of the report, Mervyn King said the Monetary Policy Committee 'remains ready to take whatever action is necessary in order to keep inflation on…
Sveriges Riksbank Economic Review 1st Quarter 2006
The Sveriges Riksbank has published its Economic Review for the 1st Quarter 2006.The latest edition contains four articles, 'Financial asset management at the Riksbank,' 'Controlling legal risks in financial asset management,' 'How do large current…
Central bank intervention and ex rate volatility
The St Louis Fed Working Paper "Central bank intervention and exchange rate volatility, its continuous and jump components" analyses the relationship between interventions and volatility at daily and intra-daily frequencies for the two major exchange…
IMF says China to benefit from yuan appreciation
China's economy will benefit from a government decision to allow greater exchange rate flexibility for the yuan, according to an IMF economist.
Comment: Bank of England Inflation Report
British bond yields fell yesterday, despite an increase in the Bank of England's near-term inflation forecast. The Bank of England's latest Inflation Report also included a lower growth forecast for next year, which is expected to outweigh the effects of…
Weber charts course for ECB rate rise
European Central Bank council member Axel Weber said in an interview published Tuesday 9 May that interest rates need to be increased by at least a quarter point to curb inflation in the eurozone.
Royal Monetary Authority of Bhutan - Ann Rep 04-05
According to the Royal Monetary Authority of Bhutan's Annual Report 2004-2005, the Bhutanese economy recorded a strong real growth during 2004 mainly due to impressive contribution from the construction sector.
Prerequisites of a single Gulf currency
According to this article published Monday 8 May, the issuance of a single currency by 2010 in the Gulf Cooperation Council (GCC) member states will crown Gulf economic integration efforts.
Federal Reserve Bank of Philadelphia Ann Rep 2005
The Federal Reserve Bank of Philadelphia's annual report for 2005, 'Facing Change, Managing Risk,' was published on Friday 5 May. This year, the report includes messages from Bank executives about new trends in the payments system, the banking industry,…
ECB's Bini Smaghi on the growth of pension funds
In the speech 'The growth of pension funds and financial markets: Implications for central banks' given on 4 May (published 8 May) Lorenzo Bini Smaghi of the ECB said financial muscle of the world's pension funds may make it harder for central bank…
El-Erian on global imbalances
Mohamed El-Erian discusses how a re-focused Fund can now tackle the big issues facing the global economy
Bank of Botswana - Annual Report 2004
According to the Bank of Botswana's Annual Report 2004, in 2003/04 real gross domestic product (GDP) grew by a provisional 5.7 percent, lower than the revised 7.8 percent growth in 2002/03.
U.K. inflation targeting and the exchange rate
This St Louis Fed Working Paper, published May 2006, considers whether it is welfare-reducing to target inflation in the CPI rather than in a narrower index.
Joint Forum paper on liquidity risk management
The Joint Forum on Wednesday 3 May released a paper on funding liquidity risk management practices in use by conglomerates engaged in banking, securities and insurance activities.
G10 central bankers wary of inflation
Central bank chiefs from leading industrialised and developing countries called on Monday 8 May for "very special attention" to guard against ongoing global economic growth from becoming inflationary.