Research

Big bang or gradualism in economic reforms

WORKING PAPER - IMF Working Paper written by Andrew Feltenstein and Saleh M Nsouli published August 2001. "Big Bang" Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China.

CEPR - Monitoring the European Central Bank (MECB)

RESEARCH - New research from the Centre for Economic Policy Research. The authors of the latest MECB Update argue that the ECB should only cut interest rates when falling growth prospects will be accompanied by an unambiguous decline in inflation…

A History of the Canadian Dollar

BOOK - An extensively illustrated book tracing the intriguing story of Canada's dollar from colonial times to the present day. The book provides a lively and informative account of Canadian money from colonial times to the present.

Effective websites: not just a beauty contest

RESEARCH - Today we show two pieces of research on central bank web sites. The first is taken from the journal Central Banking, produced by Central Banking publications, the latest August 2001 edition. The second is an extract from an article published…

Bank of Japan Discussion Paper

RESEARCH - A discussion paper from the Institute of monetary and economic studies, Bank of Japan by Hiroshi Fujiki. Money demand near zero interest rate: Evidence from regional data.

Survey from the Philadelphia Fed

SURVEY - The Survey of Professional Forecasters is the oldest quarterly survey of macroeconomic forecasts in the United States. The survey began in 1968 and was conducted by the American Statistical Association and the National Bureau of Economic…

Federal Reserve Research

RESEARCH - International Finance Discussion Papers, An Empirical Comparison of Bundesbank and ECB Monetary Policy Rules by Jon Faust; John Rogers; and Jonathan H. Wright, August 2001.

BIS Working Paper Number 102

RESEARCH - Allocating bank regulatory powers: lender of last resort, deposit insurance and supervision by Charles M Kahn and Joao A C Santos.

Monetary Policy in the Euro Area

CENTRALBANKNET'S SPECIAL REPORT - A review by Robert Pringle, Editor, Central Banking Quarterly of a book by Otmar Issing, Vitor Gaspar, Ignazio Angeloni, Oreste Tristani titled "Monetary policy in the euro area: Strategy and Decision-Making at the…

Macroeconomic risks of euro currency changeover

RESEARCH - A recent report, EMU Watch, from the Deutsche Bank looks at macroeconomic risks related to the final steps of the euro changeover 2001/02. The report looks at two main risks, macroeconomic demand and price risks, the other of dangers related…

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