Economics

Trinidad and Tobago - Annual Report 2007

Trinidad and Tobago's external position remained robust as a result of high energy prices, with a current account surplus estimated at 20% of GDP, reveals the Central Bank of Trinidad and Tobago's latest annual report.

Bosnia: we're not ready for euro yet

The Central Bank of Bosnia and Herzegovina has rejected calls to replace the convertible marka with the euro, saying the country is not yet ready to adopt the single currency.

Advanced and emerging markets diverging

In the period of globalisation from 1985 to 2005 there has been convergence of business cycles within industrial economies and within the emerging-markets, but a decoupling between them, finds a new paper from the International Monetary Fund.

Wage stagnation key source of poverty

Policies to address wages for workers at the lower end of the pay scale should be at the core of anti-poverty efforts in New York City, finds a new paper from the New York Federal Reserve.

Asian inflation to stay high

Inflation in Asian countries will remain high over the medium term due to rising oil prices and a persistent shortage of skilled labour, says new research from Deutsche Bank.

Korean growth slows

Korea's economy slowed in June as the pace of CPI inflation picked up. The increase in the CPI was mainly due to high oil prices, said the Bank of Korea in its second quarterly bulletin for 2008.

IMF sticks with $1 trillion write-down estimate

The International Monetary Fund (IMF) said on Monday it was standing by its estimate that subprime write-downs would end up totalling something close to $1 trillion despite research by the Bank of England suggesting that losses would be a lot lower.

Australia's banks bulk up bonds

Australian banks increased their bond issuance in the first half of 2008 partly as precaution in case of the global financial turmoil worsening, said Guy Debelle, an assistant director of the Reserve Bank of Australia.

Czech financial assets growth sluggish

Growth in the total financial assets in the Czech economy dipped in the first quarter of 2008 to 1%, according to a quarterly financial accounts report from the Czech National Bank.

Barbados feels the crunch

In the first half of the year, Barbados's economy suffered under the weight of high oil and commodity prices and the slowing global economy, reports the Central Bank of Barbados in its economic review.

What makes T-bond prices jump?

Price jumps in US Treasury bonds occur mostly during prescheduled macroeconomic announcements or events, finds a new paper from the Bank of Canada.

BoJ series on Japan's economic trends

The Institute for Monetary and Economic Studies at the Bank of Japan has published a series of discussion papers covering a host of domestic economic and financial issues.

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