Research
Limitations of credit default swaps as predictor of default: BoC paper
Bank of Canada study says credit default swaps are unable to encompass all bank transactions when assessing default probability during crises
Soft-dollar pegs not optimal in Sub-Saharan Africa: IMF paper
Fund study says soft peg to dollar increases macroeconomic instability in Sub-Sahara African countries
RBA paper on lessons from Australia's labour market since 2000
Reserve Bank of Australia study says evidence from labour market since 2000 shows decline in number of hours worked can prove an effective adjustment mechanism during downturns
International asset markets remain largely segmented: Dallas Fed paper
Dallas Federal Reserve study finds evidence that asset markets are still heavily dependent upon local risk factors
Current account imbalances reversed sharply post-crisis: IMF paper
Fund study says deficit countries experienced significant contraction in current account post-crisis
Firm-level data can improve business cycle forecasting: ECB paper
European Central Bank study says firm-level data of equity price movements can help predict business cycle fluctuations
Exchange rates are influenced by macroeconomic performance: Buba paper
Bundesbank study finds link between macroeconomic fundamentals and exchange rate movements through expectation of monetary policy
Stronger property rights can help alleviate poverty: IMF paper
Fund study says stronger property rights can lead to greater financial deepening in sub-Saharan countries
Bank of Korea paper addresses growth implications of rising capital inflows
Bank of Korea study says improved institutional frameworks should be designed to monitor risks from capital inflows
Unconventional debt markets create monetary policy asymmetries: Banque de France paper
Banque de France study says differences in bond market characteristics can lead to asymmetries in monetary policy
Philly Fed paper on economic effects of fiscal uncertainty
Philadelphia Federal Reserve study says fiscal uncertainty can have impact on economy equivalent to monetary tightening
IMF paper on steps to adjust Middle Eastern current accounts
Fund study identifies steps to reduce imbalance in current accounts of Central Asia and the Middle Eastern countries
Forbearance incentive is greater among Sifis: IMF paper
Fund study says regulators have strong incentive to forebear systemically important financial institutions
IMF bailouts can raise risk of default: Buba paper
Bundesbank study says IMF loans, on average, increase the probability of default in developing countries
Philly Fed paper on ratings agency failures in subprime market
Philadelphia Federal Reserve study says ratings agencies' AAA-rating of mortgage-backed securities helped spur the subprime mortgage crisis
Financial interlinkages are uniform across Asia region: BoJ paper
Bank of Japan study shows links between Asian nations and global stock markets appear to be homogeneous across countries
Bank of Israel looks at post-crisis pension market dynamics
Bank of Israel study says the outlook for investments in Israel’s pension market have become increasingly short-term
Cleveland Fed on merits to indexing loans
A Cleveland Federal Reserve study says indexing loans to aggregate variables can adjust business cycles to more optimal levels
Distinguishing between signs of illiquidity and insolvency: BoJ paper
Bank of Japan study examines how central banks can use lending signals to determine the solvency of firms
Macroprudential measures complement monetary policy: IMF paper
An IMF study says macroprudential policy can work in unison with monetary policy but it is not a direct substitute
Good luck played role in post-crisis recovery: BIS paper
Bank for International Settlements study says combination of good policies and good luck led to variation in macroeconomic performance of countries
IMF paper outlines unintended consequences of Basel III and Solvency II
Fund study shows higher capital standards can have unintended consequences for cost of capital and funding patterns
Buba paper identifies positive spillover effects of financial aid
Bundesbank study say German foreign afilliates benefit from effects of domestic aid policies
Chicago Fed reviews implementation of Dodd-Frank Act
Chicago Federal Reserve newsletter looks at policy debate on measures to address systemically important financial institutions