Research

Bank of Japan Monthly Report, August 2002

REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, August 2002, on 13 August. In its report the Bank of Japan said the outlook for exports had become more uncertain due to unstable global stock markets…

RBA Statement on Monetary Policy, August 2002

REPORT - Reserve Bank of Australia, Statement on Monetary Policy, August 2002. The statement struck a cautiously optimistic note with the Reserve Bank saying 'the most plausible scenario' was that global markets would stabilise and Australian economic…

Electronic Payment Usage Grows- Chicago Fed Letter

PUBLICATION - The August 2002 issue of Chicago Fed Letter explores the recent growth of online person-to person payments, the problems and opportunities faced by payment providers and future opportunities for these payments.

Chicago Fed Letter - September Special Issue 2002

PUBLICATION - The household balance sheet-Too much debt? By Francois Velde, senior economist, September (Special Issue) 2002. Are U.S. households carrying too much debt? Debt levels have grown recently to unprecedented levels. But that is nothing new, as…

ECB Working Paper Series

RESEARCH - The rationality of consumers' inflation expectations: survey-based evidence for the euro area, by M. Forsells and G. Kenny, August 2002. The results suggest consumers' inflation expectations in the euro area satisfy an intermediate rather that…

ECB Monthly Bulletin, August 2002

REPORT - The European Central Bank published its August 2002 Monthly Bulletin on 8 August. In the bulletin the ECB reinforced its "wait and see" approach to interest rates but admitted risks to price stability had become "more balanced". This was in…

Bank of England Inflation Report, August 2002

REPORT - The Bank of England on Wednesday published its Inflation Report for August 2002. The Bank expects inflation to remain below the government's 2.5 per cent target for the whole of the next two years, according to the quarterly Inflation Report…

Dollarization in Canada: The Buck Stops There

RESEARCH - In a Technical Report from the Bank of Canada published August 2002, John Murray and James Powell consider the debate in Canada concerning the potential benefits of formally adopting the U.S. dollar as the national currency.

BIS Working Paper

RESEARCH - 'Asset prices, financial and monetary stability: exploring the nexus' by Claudio Borio and Philip Lowe, July 2002.

BIS Working Paper

RESEARCH - 'The link between default and recovery rates: effects on the procyclicality of regulatory capital ratios' by Edward I Altman, Andrea Resti and Andrea Sironi, July 2002.

IMF Survey, 5 August

REPORT - IMF Survey, Topical coverage of the IMF's activities, policies, and research, 5 August. Includes Jack Boorman on the Argentina crisis and lessons to be learned from it.

Economic Review from the Atlanta Fed Bank

RESEARCH - The Federal Reserve Bank of Atlanta has published its Economic Review for the Second Quarter 2002. The Review features articles including 'The Economics of Payment Finality' and Asset Returns and Economic Risk.

EconSouth from the Atlanta Fed Second Quarter 2002

PUBLICATION - The Federal Reserve Bank of Atlanta has published its regular online magazine, EconSouth, for the Second Quarter 2002. The main feature of the latest edition asks the questions, Is the U.S. economic slowdown over? and If so, what path will…

The Region from the Minneapolis Fed, June 2002

PUBLICATION - The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2002. In the issue Gary Becker, Nobel prize-winning economist, discusses his views on moral hazard in banking, his work on the economics of…

IMF Diversity Annual Report 2001

ANNUAL REPORT - The International Monetary Fund has published its Diversity Annual Report 2001. In 2001, diversity operations focused on integrating diversity into human resource management across the Fund. Important initiatives are underway to improve…

The Regional Economist, July 2002

PUBLICATION - The Quarterly Review of Business and Economic Conditions, The Regional Economist, from the St Louis Fed contains an article 'Beyond Risk Lies Uncertainty' in which it is claimed stock market investors will find out why it's so important to…

Milton Friedman - A lifetime in economics

ARTICLE - In its regular Economic Insights publication the Federal Reserve Bank of Dallas pays tribute to Milton Friedman who was 90 years old yesterday (Wednesday 31 July) with "Milton Friedman-Economist as Public Intellectual". Not only does the…

Federal Reserve Board - Beige Book, July 2002

REPORT - The Federal Reserve Beige Book released 31 July revealed that the U.S. economy has expanded modestly but unevenly in recent weeks, although some districts are worried about the economic impact of the stock-market plunge.

Committee on Payment and Settlement Systems

REPORT - Bank for International Settlements, Statistics on payment and settlement systems in selected countries. Prepared by the Committee on Payment and Settlement Systems of the Group of Ten Countries, Figures for 2000, released 31 July.

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