Official Record
ECB on downward wage rigidity
A study published by the European Central Bank (ECB) on 31 July, has found that the number of industries affected by downward nominal wage rigidity in OECD countries increased between the 1970s and 1990s.
Italy: annual report 2006
The Italian economy grew at around 1.8% (deflators) in 2006, supported by strong world demand and a cyclical upturn in the euro area.
Fed's latest Beige Book
The latest Beige Book of the American Federal Reserve suggests that, on balance, the world's largest economy continues to expand on a balanced path. The report gave very little clues as to the extent and timing of future interest changes.
How competition policy affects banks - report
A new report from the ECB finds that as competition policy strengthens banks' share prices rise, but those of non-financial firms fall.
Global Financial Stability Report - Caruana speech
In this webcast, Jaime Caruana, the director of the monetary and capital markets department of the International Monetary Fund, discusses the main findings of the Fund's April 2007 Global Financial Stability Report.
Macao - annual report 2006
Improved economic performance saw the island's credit rating lifted from stable to positive, notes the central bank's annual report.
ECB Monthly Bulletin - July
An article interpreting monetary developments in the eurozone since mid-2004 is a timely addition to July's bulletin which shows M3 growth surging above 10% on all measures.
Forces shaping payments markets - report
The August letter from the Chicago Fed summarises the major findings from a recent conference on changes in payments systems.
Sri Lanka's monetary policy review
The Central Bank of Sri Lanka's tight monetary policy has been vindicated as inflation decelerated to 13%, although rises in administrative prices meant there was a risk this could be reversed.
Fed's minutes for June meeting
The Federal Open Market committee's predominant policy concern remained the risk that inflation would fail to moderate as expected, the minutes to the July meeting explained.
Reserve Bank of Fiji - annual report 2006
The central bank's key economic challenge for 2007, says the governor, Savenaca Narube, is to reverse the widening trade deficit.
Portfolio credit risk in central banks
This report presents the findings of a task force, established in early 2006 and consisting of nine Eurosystem central banks to analyse and discuss the use of portfolio credit risk methodologies by central banks.
Analysing hedge fund credit risk
This New York Fed Staff Report argues that the characteristics of hedge funds makes the use of counterparty credit risk management (CCRM) methodologies more difficult as they exacerbate market failures linked to agency problems, externalities, and moral…
Fed's Monetary Policy Report to Congress
The Fed's seminannual report to the American congress, which was released at the start of chairman, Ben Bernanke's testimony on 18 July, paints a rosy picture of the outlook for the world's largest economy.
Bermuda - annual report 2006
The Bermuda Monetary Authority's annual report for 2006 explains why the central bank separated the roles of chairman and chief executive.
BIS report on foreign exchange settlement risk
A new report from the BIS surveys foreign exchange settlement risk in over 100 banks and other institutions active in forex markets.
ECB - annual report 2006
Presented by Jean-Claude Trichet to Parliament on Friday, the ECB's 250-page report surveys economic developments in the eurozone and looks at changes in central bank operations over 2006.
Canada's monetary policy update
Two days after raising rates, the Bank of Canada published its update on monetary policy. "Some modest further increase in the policy rate may be required," it says.
IMF paper on managing director appointments
A new paper from the Independent Evaluation Office of the IMF looks back at the history of appointing managing directors at the Fund.
ECB's July Monthly Bulletin
The July edition of the "Monthly Bulletin" of the European Central Bank, realeased on 12 July, contains articles on interpreting monetary developments over the last three years, and the recycling of oil revenues.
Ireland's three-year strategic plan
The Central Bank of Ireland on Wednesday published its three-year strategic plan.
Local currency bond markets risks lower
Exposure to currency depreciation risk has declined in most emerging market economies, according to a report on "Financial stability and local bond markets" published on 9 July by the Committee on the Global Financial System.
Chicago Fed on subprime mortgages
A recent article by the Chicago Federal Reserve argues that the subprime mortgage market is facing substantial problems, as measured by delinquency rates, while the prime mortgage market is experiencing more typical delinquency rates, close to historical…
Japan: regional economic report
The Bank of Japan published a regional economic report on 6 July.