Research

IMF surveillance improved

The International Monetary Fund's (IMF) country surveillance improvements are effective, posits a new paper from the Bank of Canada.

Floating rates worth weight in gold for Germany

German society was better off under the floating exchange-rate regime than during the pre-first world war classical gold standard period, finds a paper by Michael Bordo and Bernhard Eschweiler for the National Bureau of Economic Research.

Sepa implementation: an overview

A new publication from the Bank of Italy gives an up-to-date overview of the Single Euro Payments Area (Sepa) implementation process.

Innovation impacts money demand

Technological developments affect average money holding and interest elasticity of money demand, research from the Bank of Italy notes.

Government spending ineffective

Government spending shocks have a small effect on GDP and lead to crowding-out effects on private sector investment, a paper from the European Central Bank posits.

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