Economics
Atlanta Fed: subprime bubble linked to numeracy
Atlanta Federal Reserve study shows people with limited numerical skills are more likely to default on their mortgage
Fed's Duke challenges the myths on women and money
Federal Reserve's Elizabeth Duke dismisses view that women are poor at holding the purse strings
Israel's Fischer calls for education reform
Bank of Israel's Stanley Fischer urges lawmakers to reform Israeli education system at inaugural address for second term
China lifts reserve ratio on fears over inflows, Australia hikes again
People’s Bank of China raises reserve requirement ratio by 0.5% as concern mounts on currency speculators; Reserve Bank of Australia tightens as data suggest growth will outstrip 2009
Kansas Fed: high creditworthiness of poor in Bangladesh
Kansas Fed paper shows poor individuals more likely to make timely repayments to maintain relationship with bank.
CEPR: small banks pay big premium during credit crunch
Centre of Economic Policy Research study into bank lending finds small firms’ access to liquidity is affected more than larger firms by adverse credit conditions
Bank of Japan: financial integration stronger in developed markets
Bank of Japan paper finds financial integration more advantageous to developed countries
Developing countries gain more leverage in World Bank restructuring
Historic package gives developing countries more say in international policy
IMF: Russian housing market vulnerable to external shocks
IMF paper shows house prices in former Soviet countries are vulnerable to foreign capital inflows in open economy model
Subbarao, Meirelles join chorus for stronger renminbi
Indian and Brazilian central bank heads urge Beijing to allow renminbi appreciation, but G20 finance heads not expected to corner China at ongoing Washington meeting
Bank Negara Malaysia on the future of Islamic finance
Assistant governor of Malaysia’s central bank, Muhammad bin Ibrahim, optimistic on Islamic finance
IMF: productivity, not institutions, drive incomes higher
IMF study finds strong evidence of role for total factor productivity in income variability across countries
ECB’s Stark: fiscal burden a daunting challenge
ECB board member Jürgen Stark draws on risks of failing to reach a quick solution to Europe’s fiscal problems
Junk bonds the way forward for China: ex-PBoC deputy
Former Chinese central bank vice-governor Guo Shuqing says new and small start-ups stand to gain from the issuance of non-investment grade debt
Casino gambling and the economy: a review
Philadelphia Federal Reserve research covers literature on the impact of gambling on communities
IMF on the properties of sovereign default models
Research suggests two improvements to model used to account for rate movements in emerging markets
Greece takes grudging step towards bailout
Greek government initiates procedures concerning proposed $40 billion rescue with eurozone and IMF, problems anticipated in joint effort
Stimulus saved Asia, but currency changes crucial: ADB
Asia growth to soar on remnants of stimulus, but currency appreciation and capital controls key to long-term prospects, says Asian Development Bank
Systematic volatility explains long term global correlations
Mexican central bank study on frequency variations of global correlations indicates increased connectivity in equity markets
Philly Fed study shows capital income tax should be nullified
Research links preferential tax treatment offered to homeowners with capital income tax
Money market integration biggest casualty of crunch: ECB
ECB’s financial integration report says areas in which most integration was achieved took the hardest hit, but recovery is following similar pattern
Minneapolis Fed: US relies on large firms for productivity gains
Study shows employment distribution important factor in productivity of US firms
Greek woes worsen as Fitch downgrades and capital flees
Fitch knocks two notches off rating; No solution over what will be done to help country’s banks facing capital flight
Bank of Italy: lack of demand led to sluggish lending
Paper shows falling demand rather than supply for credit led to falls in lending during the crisis