Research
Education pays: Philadelphia Fed on innovation
Philadelphia Federal Reserve looks at where does geographically adaptation to innovation take place
Chile rate cuts compensate for commercial charges
Central Bank of Chile looks at the evolution of consumption and commercial lending rates
China not sheltered from subprime
International Monetary Fund says China’s stock market is affected by the US subprime crisis
Higher re-election probability and public investment
Norges Bank investigates how policymakers’ strategic considerations influence public investment
India’s Mohan: regulation to tackle procyclicality of banks funding
Reserve Bank of India deputy governor, Rakesh Mohan, says reliance on short-term wholesale market funding increased the sensitivity of banks' balance sheets and cost of funds
Flexible exchange rate better for welfare
Bundesbank investigates the welfare ranking of exchange rate regimes
Central Bank of Iceland – Monetary Bulletin 2009/3
Central Bank of Iceland says liberalisation of capital flows will happen by the beginning of November
Counterparty risk still large
International Monetary Fund assesses counterparty risk in the United States stemming from exposures to over-the-counter derivatives payables
Sustainability of China’s export-oriented growth shaky
International Monetary Fund says China will have a tough job maintaining its growth momentum
Small firms also make it in exports
Philadelphia Federal Reserve says exporters not necessarily larger than non-exporting firms
France blames 80s monetary policy for poor growth
Banque de France asks whether permanent and gradual shifts in monetary policy were responsible for a protracted period of depressed activity in the euro area over the past decades
Bank risk affects monetary policy channels
European Central Bank says bank risk plays an important role in determining banks’ loan supply and in sheltering it from the effects of monetary policy changes
IMF plays down quantitative-easing fears
International Monetary Fund says evidence on the effectiveness of Bank of England’s quantitative easing is moderately encouraging
Trade and FDI complementary
Bundesbank investigates the significance of export-supporting foreign direct investment
Ocampo proposes move to fully SDR-based IMF
José Antonio Ocampo on reforming the global reserve system
Effects of collateral constraints on house prices unclear
Bank of Finland looks at effect of housing markets on economies
Crime makes credit pricier, says Bank of Italy
Bank of Italy looks at the relationship between the terms on bank loans and local crime rates
No link between capital flight and manufacturing credit
International Monetary Fund examines whether capital inflows affect the impact of the global turmoil on credit conditions for a country’s manufacturing sector
Eastern Germany still behind the west
Bank of Italy looks at the economic convergence of eastern Germany with western Germany
Many ways lead to inflation targeting
International Monetary Fund compares country experiences with the introduction and implementation of inflation targeting
More than a fifth of jobs not advertised
Philadelphia Federal Reserve studies vacancies, hires, and vacancy yields in the US job market
High excess reserves levels not a Fed policy feedback
New York Federal Reserve says level of excess reserves say nothing about Fed’s policies’ impact
Fed rate setters impact US Treasury market
New York Federal Reserve assesses the microstructure if the US Treasury securities market
Extreme weather conditions key challenge in Caribbean
International Monetary Fund investigates the role of climatic and external shocks in the Caribbean