Economics

Sack governor, Ukraine PM tells president

Viktor Yushchenko, Ukraine's president, on Friday rejected renewed calls by Yulia Tymoshenko, the country's prime minister, to sack Volodymyr Stelmakh, the governor of the country's central bank.

Fed's Beige Book reports weakening activity

The latest edition of the Federal Reserve's Beige Book, a guide to business conditions in the 12 districts overseen by the regional Feds, indicates that economic activity continued to weaken in December across the country.

Government spending ineffective

Government spending shocks have a small effect on GDP and lead to crowding-out effects on private sector investment, a paper from the European Central Bank posits.

Mexico's Ortiz to replace Roth as BIS chair

Guillermo Ortiz, the governor of the Bank of Mexico, is to succeed Jean-Pierre Roth, the head of the Swiss National Bank, as the chairman of the Bank for International Settlements (BIS). He becomes the first governor from an emerging-market economy to…

Denmark publishes first lending survey

The National Bank of Denmark on Tuesday published its first-ever lending survey, covering the loan-making activities and policies of the country's banks and mortgage lenders.

Equity market interdependence on the rise

The interdependence between equity markets in the United States and the East Asia-Pacific regionl has risen steadily since early 2006, research from the Hong Kong Monetary Authority finds.

Taiwan - Annual Report 2007

The Central Bank of China (Taiwan) raised its discount rate four times during 2007 by a total of 62.5 basis points, the central bank's latest Annual Report reveals.

How Fed decisions impact share prices

The Federal Reserve's interest rate decisions impact equity prices around the globe. However, the impact varies considerably between firms. Research from the Fed uncovers several factors which account for these variations.

Canada inspired Mundell-Fleming model

Canada's experience with both an open capital account and floating exchange rate in the 1950s created the open-economy macroeconomics field, a paper from the Bank of Canada posits.

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