Research
China’s international balance sheet to triple in ten years
Bank for International Settlements shows that China’s role as a creditor nation will increase in the future
Exchange-rate hedging reason for home-bias in equity holding
International Monetary Fund shows that households hold a disproportionate share of their equity portfolios in their own country’s equities due to exchange-rate hedging
US policymakers should implement Brady Plan-like measures
Boston Federal Reserve shows that lessons from the Latin American debt crisis can be applied to the US credit securitisation markets
Counterparty risk drives foreign-exchange swap market
Bank for International Settlements investigates dislocations in the foreign-exchange swap market between the dollar and three major European currencies
Banks’ capitalisation matters for monetary policy
Bank of Finland looks at the role of the banking sector in the monetary-policy transmission mechanism in an emerging economy with a rapidly developing financial system
Hong Kong’s markets mirror US in turbulent times
Hong Kong Monetary Authority looks at financial market interactions with the US and mainland China
Institutions key for China’s growth
Bank of Finland analyses whether institutions matter for China’s economic performance
Banks benefit more in bank-firm relationships
European Central Bank analyses the effects of bank-firm governance links on the global syndicated loan market
A fifth of prices change each month in Belgium
National Bank of Belgium examines how frequently prices change in Belgium
East Asia-Pacific central banks softened US shocks
Hong Kong Monetary Authority research finds East Asia-Pacific monetary authorities dampened shock from United States money market
Euro-area acceleration cycle industry driven
Banque de France provides quantitative assessment methods for euro-area business cycle analyses
High oil prices lift output of exporting economies
Bank of Finland research finds that for Iran, Kazakhstan, Venezuela, and Russia oil price positively affects output growth
Loyalty programmes influence payments choices
Reserve Bank of Australia finds that price incentives, and loyalty programs in particular, are influential when it comes to consumer decisions about payment instruments
Russia’s regional banks don’t utilise local info
Bank of Finland shows that local banks in Russia do not possess a superior ability to deal with information asymmetries
Nonprime borrowers in negative equity are alike
New York Federal Reserve research explores common characteristics of nonprime borrowers in negative equity
Transition economies are corruption prone
Bank of Finland research shows countries in economic transition tend to be more corrupt
Weaker CBs must work harder in face of shock
Central banks with less credibility must work harder to combat a cost shock
Transparency and disclosure limit contagion
Cutting back on information asymmetries can reduce contagion
Bank’s second monetary-policy roundtable
Bank of England summarises its monetary-policy roundtable
Bank lending main conduit for crisis
Emerging economies with close ties to the banking systems of advanced economies have been hit hard by the financial crisis– IMF
PBOC to face policy challenges in the future
Changes to China's financial position have not affected the money demand function yet but will in the future, new research from the International Monetary Fund posits.
Central banks right for stability role
One regulatory organisation in each country should be responsible for overseeing the stability of the overall financial system and that organisation should be the central bank, new research argues.