Research
Kansas Fed Economic Review discusses barriers to mobile payments in US
Kansas Fed’s latest economic review discusses supply- and demand-side issues limiting the use of mobile payments in the US
Norges Bank working paper studies sovereign risk contagion
Norges Bank working paper researches sovereign risk contagion using CDS spreads in major euro area countries
IMF working paper examines China’s current account imbalances
IMF working paper concludes that total rebalancing has not occurred in Chinese economy as domestic imbalances increase and external imbalances fall
BIS working paper draws lessons from Asia on price stability
Bank for International Settlements working paper studies price stability in Asia; concludes that monetary policy frameworks have been effective
Research discusses elasticity of non-oil tax revenues in Trinidad and Tobago
Central Bank of Trinidad and Tobago working paper says future growth of non-oil tax revenue in the country should come from indirect taxes
Bank of Colombia research studies intraday liquidity risk regulation
Colombia central bank working paper finds structural shifts in the intraday liquidity market are the result of evolution rather than market shocks
Sarb working paper discusses rand exchange rate
South African Reserve Bank working paper studies factors that influence the exchange rate of the rand as a free-floating currency
G-30 report emphasises importance of qualitative aspects to supervision
Group of 30 working group on corporate governance says qualitative as well as quantitative measures are required to enhance governance
Fed research examines supply-side changes in US housing market
New York Fed staff paper studies impact of supply-side changes to US housing market on the creation of a house price bubble
Riksbank research highlights significance of output gap for policy makers
Swedish central bank working paper explores output gap as a tool for measuring economic activity; concludes that policy makers should focus more on output gap in forming monetary policy
BIS working paper focuses on Asian credit booms
Bank for International Settlements research finds international credit booms foster domestic credit surges in developing Asian economies
IMF working paper discusses cashflow sensitivity since financial crisis
IMF research links firms' cashflow sensitivity and their ability to use physical assets as collateral since the financial crisis
ECB research examines impact of fiscal policies on eurozone growth
European Central Bank working paper examines the impact of governments' fiscal policies on euro area growth rates since the financial crisis
BIS research highlights changes in Asian loans market
BIS investigates changes in loan-loss provisioning in Asian banking sector in wake of Asian financial crisis
IMF working paper studies impact of financial crisis on low-income countries
International Monetary Fund research investigates shocks that caused the crisis; concludes that low-income countries must take broader view when forming monetary policy
NBB working paper pays tribute to 'architect of the euro'
National Bank of Belgium working paper highlights role of Tommaso Padoa Schioppa in the creation of the euro
IMF research links wage growth and unemployment in South Africa
Fund working paper asserts link between wage rate growth exceeding productivity growth and rising unemployment in South Africa
Danish central bank publishes essays on risk in interest rates and inflation modelling
National Bank of Denmark publishes essay series on risk inherent in interest rate and inflation modelling
IMF paper studies decline in vertical fiscal imbalances
IMF working paper highlights reasons behind the decline in vertical fiscal imbalances in four European countries; says VFIs always come under scrutiny at times of fiscal austerity
IMF paper focuses on future of risk-weighted assets
International Monetary Fund working paper discusses the differing perceptions of risk-weighted assets and the measures that may remedy the imbalances in how these assets are perceived
BIS releases study on property markets and financial stability
Bank for International Settlements and Monetary Authority of Singapore discuss challenges to financial stability from property markets
Norway research links income inequality and banking crises
Norges Bank working paper discusses role of income inequality in fermenting the financial crises in Norway in 1991-1992 and the US in 2008
IMF paper airs inflation fears for US monetary policy
IMF working paper finds continued loose monetary policy can only be maintained if inflation expectations are kept in check
IMF research finds exchange rate variations affect exports
International Monetary Fund study of renminbi fluctuations finds that variance in exchange rate impacts on exports of neighbouring developing economies