Risk
Bank of Japan Discussion Paper Series
RESEARCH - Japan's Negative Risk Premium in Interest Rates: The Liquidity Trap and Fall in Bank Lending, Rishi Goyal and Ronald McKinnon, July 2002.
An analysis of the BIS annual report
SWITZERLAND - The Bank for International Settlement's annual report, released today at the bank's annual general meeting in Basle, worked hard to put an optimistic interpretation on global economic prospects. However, amid the positive notes the report…
Kohler urges caution amid market volatility
ARTICLE - Horst Kohler gave an interview to the London Financial Times on Thursday in which he said that the biggest risk in today's uncertain financial markets is to "give the wrong signals and exaggerate problems so that they become a self- fulfilling…
Research from the St Louis Federal Reserve Bank
RESEARCH - The Stock Market: Beyond Risk Lies Uncertainty, By Frank A. Schmid, published in The Regional Economist - A Quarterly Review of Business and Economic Conditions from The Federal Reserve Bank of St. Louis.
Confidence boosted as Japan shows recovery signs
JAPAN - Japan's export-led economic recovery fuelled a record improvement in sentiment among large manufacturers in a survey of business confidence. However the survey also highlighted the risk to Japan's economic health from the yen's recent rise…
Speech by Susan Schmidt Bies of the Fed, 20 Jun
SPEECH - Speech by Fed governor, Susan Bies to the World Bank's 2002 finance forum meeting in Chantilly, Virginia. Bies examines whether developing countries can learn from the US experience in banking regulation.
BIS Operational Risk Data Collection, 4 June
RESEARCH - In May 2001, the Basel Committee on Banking Supervision launched a survey of banks' operational risk data. The Committee is now collecting data for the year 2001. This will include information on banks' operational risk losses and various …
Outgoing MPC member raises bank independence fears
UK - The independence of the Bank of England could be at risk if it continues to undershoot its target for inflation, a member of the Bank's monetary policy committee has warned.
Greenspan urges banks to rely on risk management
US - Federal Reserve Chairman Alan Greenspan said Friday that commercial banks and banking regulators need to rely more on the emerging field of risk management to control loan defaults during periods of economic weakness.
Outlook and Risk Assessment, Economy and Prices
REPORT - Outlook and Risk Assessment of the Economy and Prices, April 2002 as determined by the Policy Board at the Monetary Policy Meeting held on 30 April 2002 by the Bank of Japan.
Brazil clearance system up and running
BRAZIL - A new Brazilian bank clearance network designed to increase efficiency and reduce risk in the financial system of Latin America's No.1 economy got off to a smooth start on Monday.
Norway c bank governor points to debt risk
NORWAY - Norway's central bank governor Svein Gjedrem reiterated on Friday that high credit growth posed a risk to the Norwegian oil-backed economy.
China updates rules for bank's risk management
CHINA - China's central bank has updated guidelines on internal risk management in an attempt to further coax commercial banks into reducing credit risk.
Irish central bank calls for risk control review
IRELAND - Ireland's central bank on Wednesday said it had told all the country's credit institutions to review their risk control systems in the wake of the $691 million trading scandal at Allied Irish Banks.
Interagency Guidance on Country Risk Management
LETTER - The Federal Reserve, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have issued enhanced guidance concerning the elements of an effective country risk management process for banking…
Speech by Yutaka Yamaguchi, Bank of Japan, 7 Mar
JAPAN - In the speech Yamaguchi offers his views on systemic risk conceding that he may have raised more questions than provided answers for central banks. He stresses that central banks must continue to pursue these issues to discharge their…
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'Back to the Future in Managing Banking Risk' Ferguson said "after nearly a decade of steady improvement, earnings from core bank operations and other measures of financial strength for the U.S. banking system have taken an…
Bank of Canada Review Winter 2001 - 2002
RESEARCH - Risk Management in the Exchange Fund Account by Michel Rochette.
Speech by M Moskow, President, Chicago Fed, 5 Mar
SPEECH - In the speech titled 'Perspectives on the Economy' Moskow said that he believes a U.S. economic recovery "may very well be under way," although the strength and shape of the resurgence is hard to predict.
Journal of Economics and Business paper
RESEARCH - Information asymmetry in disclosure of foreign exchange risk management: can regulation be effective? By Andrew P. Marshall and Pauline Weetman.
Journal of Banking & Finance paper
RESEARCH - Risk management in the global economy: A review essay by William C. Hunter, Stephen D. Smith.
BofE George warns of possible threat to inflation
UK - Sir Edward George, the governor of the Bank of England, has warned of the risk that the economy will slow further at the same time as the pound falls, putting upward pressure on inflation.
Third Joint Central Bank Research Conference
CONFERENCE - CGFS Research Conference Programme and submitted papers: Risk Measurement and Systemic Risk.
RBA says Australia's prospects pretty good
AUSTRALIA - The Reserve Bank of Australia said on Monday there were good reasons to be confident about the domestic economy over 2002, but warned that Japan remained the biggest risk to a global recovery.