Oil
ECB paper analyses impact of oil shocks on exchange rates
Working paper assesses impact of oil shocks on exchange rates between oil importers and exporters; finds no systematic appreciation pressure on oil exporters following a shock
A sovereign wealth case study from Ghana
Ghana decided to join the ranks of countries with a sovereign wealth fund after the country discovered oil in 2010. Efi Chalamish and Steve Opata describe how the fund operates
IMF research examines impact of China on commodity markets
International Monetary Fund working paper examines impact of aggregate activity in China on commodity markets; finds Chinese activity impacts majorly on oil markets
Iranian central bank escapes Swiss sanctions
Swiss authorities stop short of freezing assets of Central Bank of the Islamic Republic of Iran; note the institution's importance to the country's economy in reaching the decision
Research discusses elasticity of non-oil tax revenues in Trinidad and Tobago
Central Bank of Trinidad and Tobago working paper says future growth of non-oil tax revenue in the country should come from indirect taxes
IMF paper airs inflation fears for US monetary policy
IMF working paper finds continued loose monetary policy can only be maintained if inflation expectations are kept in check
IMF paper discusses strengthening Russia's fiscal framework
Working paper from IMF researchers sets out ways Russian fiscal policy is straying from best practice and suggests improvements
Former Venezuelan central banker joins board of commodities company
PetroMagdalena announces appointment of Central Bank of Venezuela veteran Nelson Ortiz as director
Bank of Japan paper studies currencies and commodities
New research paper from the financial markets department at the Bank of Japan examines the relationship between so-called commodity currencies and commodity prices
Bank of Canada working paper investigates market movers
New research looks into whether central bank communications or media reports impact markets more
Korea braces for higher oil prices
Bank of Korea governor holds economic review with leading academics and others; group discusses rising oil prices
US Treasury clarifies sanctions on Central Bank of Iran
US issues detailed list of frequently asked questions; says assessment of which transactions fall under sanctions will be done on case-by-case basis
Bank of Canada paper builds alternative oil price forecast scenarios
Bank of Canada study generates forecast scenarios providing more accurate real-time analysis of oil price risks
EU freezes assets of Iranian central bank
EU follows US lead by announcing strict new sanctions on Iranian central bank; heart of action is to limit the country’s nuclear programme
South Korea takes heed of US sanctions on Iran
US Senate passes bill containing strict new sanctions affecting Central Bank of Iran; South Korea government warns businesses of implications
US sanctions on Iranian central bank inch closer
Senator Carl Levin reveals Senate’s 'strong' sanctions pass negotiating panel of House and Senate representatives 'virtually intact'; clears way for momentous Bill to pass
Inelastic demand and supply explain oil volatility: Bank of Canada paper
Bank of Canada study shows decline in price elasticity raised oil price and reduced oil production volatility
Oil price surge driven by speculation: St Louis Fed paper
St Louis Federal Reserve study says speculation in oil markets played role in recent rise in commodity prices
Oil reserves eclipse Norway SWF assets
Norway budget confirms sovereign wealth fund assets still smaller than oil left in seabed
Kuwait central bank employees protest over pay
Central bank workers want salary increases; latest government workers to demand more after oil sector employees receive up to 66% wage hike
Turkey’s Basçı outlines strategy to overcome commodity price volatility
Central Bank of Turkey governor Erdem Basçı says setting targets and forecasts for inflation offers firmer commitment from central bank
Philly Fed paper investigates relationship between oil prices and exchange rates
Working paper shows little systematic relation between oil prices and the Canadian-US dollar exchange rate
Oil-price volatility driven by speculation: ECB paper
European Central Bank finds evidence of switch in oil-price regime in 2004 towards speculative demand
IMF paper on cyclicality of oil producers' expenditure
Fund study shows fiscal policy is pro-cyclical in low- and middle-income oil-producing countries, but counter-cyclical in high-income countries