Trade
Belgium central bank paper reviews effects of trade liberalisation in low-wage countries
National Bank of Belgium study shows low-wage countries experience less movement in labour and output to high-skill-intensity industries as a result of trade liberalisation policies
Bank of Portugal paper reviews effects of transport costs on trade
Bank of Portugal study rejects the pure iceberg cost approach used to measure transport costs for exporters
Emerging markets influence on global trade trends: IMF report
Fund study links shifts in global trade patterns to greater interconnectedness and concentration of emerging markets
Germany and China heighten cooperation
People’s Bank of China and Deutsche Bundesbank meet in Frankfurt to discuss financial stability and trade partnership; China stresses confidence in euro area
Strong financial conditions ease sale declines: Fed paper
Federal Reserve study shows firms in good financial condition experience a smaller decline in sales during the crisis
Luck factors in post-conflict recoveries: IMF paper
Fund study says luck plays a significant role in post-conflict recoveries of sub-Saharan African countries
Bernanke on US gains from Mexico trade ties
Federal Reserve chairman Ben Bernanke says United States has benefited immensely from its strong trade links to Mexico
RBA’s Lowe on policy implications of Australia’s higher terms of trade
Reserve Bank of Australia assistant governor Philip Lowe warns against changing the structure of the economy to reflect rise in terms of trade
Reserve Bank of India Bulletin (February 2011)
Reserve Bank of India monthly bulletin says current account deficit widened in third quarter of 2010 due to decline in terms of trade
RBA’s Stevens flags impact of flood on terms of trade
Reserve Bank of Australia governor Glenn Stevens says country building up capacity in iron ore, natural gas and coal
BoE: consumption volatility explains global decline in real interest rate
Bank of England study shows lower global real interest rates caused by higher consumption volatility in traded goods
SNB on how a taste for the home grown impacts trade
Swiss National Bank research examines how preference associated with “home market effects” impacts the aggregate volume of trade and welfare gains from liberalisation
Rand volatility a by-product of open economy: Sarb’s Mminele
South African Reserve Bank deputy governor Daniel Mminele says currency fluctuations are to be expected; stresses opposition to fixed exchange rate, dropping inflation targeting
National Bank of the Republic of Belarus – Annual Report (2009)
National Bank of the Republic of Belarus’ 2009 Annual Report shows worsening terms of trade
Beijing welcomes world into interbank capital market
People’s Bank of China grants foreign banks and central banks access to interbank bond markets for the first time; move inspired by need to internationalise the renminbi
Italy’s Draghi warns against protectionist measures
Bank of Italy governor Mario Draghi says trade relations have been set back due to financial crisis, leading to more protectionism
Central Bank of Peru - Annual Report (2009)
Peruvian central bank's 2009 Annual Report shows country recorded modest growth
Philly Fed: trade declines in US recession normal
Philadelphia Federal Reserve study shows that inventories stock created a buffer following declines in post-crisis trade
RBA: Lowe revises Australian economy recovery upward
Reserve Bank of Australia assistant governor Philip Lowe links renewed growth in Australia to improved terms of trade
RBA’s Stevens: Australia’s recovery investment led
Reserve Bank of Australia’s governor also flags the role of intra-region exports
Israel flags speedy recovery
Bank of Israel Annual Report shows GDP grew 0.7% in 2009; outpacing other advanced economies
Malaysia’s Zeti: savings will need to stay in Asia
Bank Negara Malaysia’s Zeti Akhtar Aziz says savings must be recycled regionally
Philly Fed: US export growth could have been greater in the 90’s
Philadelphia Federal Reserve study finds that movement of labour to smaller firms prevented greater export growth
Extra-euro trade growth tops intra-euro trade
Latest trade consistency exercise shows that Extra-euro dominates intra-euro growth in the last decade.