Economics

HKMA Quarterly Bulletin

The latest issue of Hong Kong's central bank's Quarterly Bulletin contains the regular six-month monetary and financial stability report and two feature articles on property market indicators and Islamic finance in the territory.

Norway to tap oil wealth

The Norwegian is expected to spend more of its oil revenues to avoid a severe recession, and might draw on the assets of its $332 billion (£222 billion) sovereign wealth fund to finance a new fiscal spending package.

Impact of retail market structure on prices

Changing retail market structure in the Czech Republic was responsible for an average yearly decrease in prices of 0.8 percentage point during 2000-05, this paper from the Czech National Bank finds.

IMF to cut growth forecast

The International Monetary Fund (IMF) will cut its forecast for growth in the global economy in 2009, its managing director said.

BoE survey confirms household squeeze

The results of a survey of household finances, published on Monday by the Bank of England, finds that 71% of British homeowners and tenants have experienced declines in their disposable income in September compared with the same month last year.

Rouble's slide continues

The Russian central bank on Thursday allowed the rouble to depreciate further, as the drain on its foreign reserves continued unabated.

RBNZ to accept corporate debt

The Reserve Bank of New Zealand has announced a number of changes to its market operations, mostly significantly accepting domestic corporate securities as collateral for central bank loans. The paper must have a long-term credit rating of BBB- or higher.

Riksbank's Oberg on wage bargaining

The sector of the economy that is exposed to international competition should also set the norm for wage increases in Sweden, said Svante Oberg, a deputy governor of the Riksbank.

Interview: Raghuram Rajan

Claire Jones spoke to the former chief economist at the International Monetary Fund about the policy response to the crisis, particularly the role of the Fund

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