Economics
No need for further euroisation in Cape Verde
International Monetary Fund finds that Cape Verde’s peg to the euro suits its economy just fine
Trade flows continue to collapse across G7
OECD points to 13.6% drop in exports in first quarter, Japan faring particularly badly
Trichet says toxic clean-up needed
European Central Bank’s Jean-Claude Trichet says dealing with toxic assets is key to credit availability
Bank of Estonia – Annual Report 2008
Bank of Estonia’s Andres Lipstok notes the importance of euro adoption
Public-private partnerships affected by crisis
International Monetary Fund investigates the impact of the global financial crisis on public-private partnerships
Lender recourse increases the likelihood of default
Richmond Federal Reserve shows the impact of lender recourse on mortgage defaults
Labour productivity fosters booms
New York Federal Reserve shows labour productivity helps create bubbles
National Bank of Austria – Research Update newsletter
National Bank of Austria publishes latest Research Update newsletter
IMF sees world economy coming out of recession
International Monetary Fund says global economy pulling out of recession, but recovery expected to be sluggish
China’s international balance sheet to triple in ten years
Bank for International Settlements shows that China’s role as a creditor nation will increase in the future
PNG’s Bakani calls on government to cut costs
Bank of Papua New Guinea’s Loi Bakani says that the government should cut expenditure in the face of low export-commodity prices
Exchange-rate hedging reason for home-bias in equity holding
International Monetary Fund shows that households hold a disproportionate share of their equity portfolios in their own country’s equities due to exchange-rate hedging
US policymakers should implement Brady Plan-like measures
Boston Federal Reserve shows that lessons from the Latin American debt crisis can be applied to the US credit securitisation markets
Counterparty risk drives foreign-exchange swap market
Bank for International Settlements investigates dislocations in the foreign-exchange swap market between the dollar and three major European currencies
Hong Kong’s markets mirror US in turbulent times
Hong Kong Monetary Authority looks at financial market interactions with the US and mainland China
Institutions key for China’s growth
Bank of Finland analyses whether institutions matter for China’s economic performance
Bank of Japan – July Regional Economic Report
Bank of Japan sees pace of deterioration slowing
Banks benefit more in bank-firm relationships
European Central Bank analyses the effects of bank-firm governance links on the global syndicated loan market
A fifth of prices change each month in Belgium
National Bank of Belgium examines how frequently prices change in Belgium
Central Bank of Iraq – Annual Statistics Bulletin 2007
Central Bank of Iraq publishes its Annual Statistics Bulletin
Goodhart: central banks unprepared for liquidity support
Charles Goodhart, a former member of the Bank of England’s Monetary Policy Committee, says central banks have to devise common rules for liquidity support after crisis caught them out
IMF sees signs of recovery in Zimbabwe
International Monetary Fund notes fledgling recovery following Harare mission
Euro-area acceleration cycle industry driven
Banque de France provides quantitative assessment methods for euro-area business cycle analyses
High oil prices lift output of exporting economies
Bank of Finland research finds that for Iran, Kazakhstan, Venezuela, and Russia oil price positively affects output growth