Economics

Comment: Are mortgage markets too complex?

A report published this week by the Bank for International Settlements (BIS) suggests that households may no longer "completely understand their mortgage contracts". Not surprisingly, the authors contend that recent changes in housing finance systems…

Tokyo SE halts trading as system folds

The reputation of the Tokyo Stock Exchange, the world's second largest by market capitalisation after New York, took a dent on Wednesday 18 January when it was forced to close 20 minutes early because its trading system was on the verge of collapsing.

NBS chief defends ex deputy

Serbian National Bank Governor Radovan Jelasic has told B92 TV that he does not want to believe that ex deputy governor Dejan Simic received bribes.

Eventually, Soludo is the solution

According to this article, Saturday 31 December 2005 marked the triumph of Central Bank of Nigeria governor Prof. Charles Soludo's vision over preponderant pessimism, the haranguing of hired hecklers and the legal ambush of vested interests.

BoE's King on the UK economy

In a speech given on 16 January Mervyn King of the Bank of England said the fall in long-term interest rates was one of the three key "signposts" for central banks - the others being the fall in manufactured goods prices and the surge in oil costs.

St Louis Fed's Central Banker, Winter 2005

The St. Louis Fed has published the Winter 2005 edition of its Central Banker magazine. The article "How is the payment business likely to change?" says that while financial institutions and others continue to invent and offer various payment "whiz-bang"…

Draghi joins ECB council,marking changing of guard

A new generation is taking the levers of power at the ECB. This article published on Monday 16 January says the new breed of central banker could bring a heightened pragmatism to ECB decision-making, one less shaped by ideology as the centre of gravity…

Sweden's Rosenberg on monetary policy and economy

In the speech 'Monetary policy and the economy' given on 13 January Irma Rosenberg of the Sveriges Riksbank said the Swedish economy is growing stronger than expected in the last Inflation Report published in early December.

Former Fed governors expect change

According to the article "As Bernanke era begins, former Fed governors expect change" published Wednesday 11 January, Ben Bernanke will arrive at the Fed without the clout either of his predecessors carried on Wall Street or in Washington. Only time will…

Forecasting ECB monetary policy accuracy

The ECB Working Paper 'Forecasting ECB monetary policy accuracy is (still) a matter of geography' uses a database of surveys of professional ECB policy forecasters in 24 countries, the authors find remarkable differences in forecast accuracy, and show…

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