Central-Banks
SNB & CHF: The Swiss National Bank and Swiss Franc Blog
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SNB appoints new delegate for regional economic relations for Central Switzerland
With effect from 1 October 2018, Gregor Bäurle will assume the function of Swiss National Bank (SNB) delegate for regional economic relations for the Central Switzerland region. He succeeds Walter Näf, who is taking on a new position, representing the SNB in the Swiss delegation to the OECD in Paris as of 1 January 2019. Following a research stay in the US as a visiting scholar, Gregor Bäurle received his doctorate in economics from the...
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Swiss Balance of Payments and International Investment Position: Q2 2018
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Le Conseil fédéral se moque des personnes âgées!
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Das Bad im Geldhaufen
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Monetary Policy Assessment of 20 September 2018
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Unsere Nationalbank befeuert Dax und Wallstreet statt SMI
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BNS. Peuple suisse, tu peux trembler pour ton épargne et ta retraite! LHK
FRED
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Predicting the payroll employment numbers
[embedded content] Most people look forward to Fridays in general, but data analysts and economists eagerly await one in particular: the Friday when the BLS’s employment situation is published. Two headline figures in this release are the unemployment rate and total nonfarm payrolls. These numbers are still subject to revision after their initial release. For example, the payroll numbers are based on about 70% of the surveyed businesses, and...
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War: Spending spikes and new steady states : Historical data on how conflict has changed U.S. government expenditures
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Which states are most invested in trade with China and Canada? : The geographic distribution of U.S. exports
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Do imports subtract from GDP? : A basic explanation of GDP = C + I + G + (X-M)
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Is the housing price-rent ratio a leading indicator?
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Which wages are really increasing? : The evolution of wages by sector
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The rise of the service economy
Bank Of Japan
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Speech by Governor Kuroda in Osaka (Japan’s Economy and Monetary Policy)
日本語 Haruhiko Kuroda Governor of the Bank of Japan September 25, 2018 Full Text [PDF 214KB] Figures [PDF 151KB] Introduction It is my great pleasure to have the opportunity today to exchange views with a distinguished gathering of business leaders in the Kansai region. I would like to take this opportunity to express my sincerest gratitude for your cooperation with the various activities of the Bank of Japan's...
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T-Bills Purchased by the Bank of Japan
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Japanese Government Bonds Held by the Bank of Japan
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(Research Lab)Missing Wage Inflation? Downward Wage Rigidity and the Natural Rate of Unemployment
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Bank of Japan Accounts (September 20)
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Services Producer Price Index (Aug.)
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Minutes of the Monetary Policy Meeting on July 30 and 31, 2018
Swiss National Bank News
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2018-09-25 – Press release – SNB appoints new delegate for regional economic relations for Central Switzerland
Download PDF
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2018-09-24 – Press release – Important monetary policy data for the week ending 21 September 2018
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2018-09-24 – Press release – Swiss balance of payments and international investment position: Q2 2018
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2018-09-20 – Speech – Thomas Jordan, Chairman of the Governing Board: Third Karl Brunner Distinguished Lecture: Introduction of Otmar Issing
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2018-09-20 – Press release – Monetary policy assessment of 20 September 2018
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2018-09-18 – Financial markets – Public bonds of the Swiss Confederation according to maturity (situation at 18.09.2018)
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2018-09-17 – Press release – Important monetary policy data for the week ending 14 September 2018
Atlanta Fed
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What Does the Current Slope of the Yield Curve Tell Us?
« Does Loyalty Pay Off? | Main As I make the rounds throughout the Sixth District, one of the most common questions I get these days is how Federal Open Market Committee (FOMC) participants interpret the flattening of the yield curve. ...
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Does Loyalty Pay Off?
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Immigration and Hispanics’ Educational Attainment
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Are Tariff Worries Cutting into Business Investment?
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Improving Labor Market Fortunes for Workers with the Least Schooling
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Part-Time Workers Are Less Likely to Get a Pay Raise
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Learning about an ML-Driven Economy
RBA
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CFR Issues Paper: Review of Retail Payments Regulation: Stored-value Facilities
The Council of Financial Regulators (CFR) today released an Issues Paper, Review of Retail Payments Regulation: Stored-value Facilities for public consultation. The Issues Paper is part of a CFR review of the regulatory framework for stored-value facilities, such as purchased payment facilities. The review will also consider the operation of a number of other aspects of the regulation of retail payments service...
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Next Generation of Banknotes: Circulation Date for the New $50 Banknote
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Payments System Update
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Payments System Board Update: August 2018 Meeting
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Bilateral Local Currency Swap Agreement with Bank Indonesia
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Statement by Philip Lowe, Governor: Monetary Policy Decision
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Statement by Philip Lowe, Governor: Monetary Policy Decision
iMFdirect
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Chart of the Week: The Digital Divide in Asia
By IMFBlog September 25, 2018 Young people on their phones in Phnom Pehn, Cambodia: about 70 percent of the country does not have internet access and can’t participate in the digital economy (Samrang Pring/Reuters/Newscom) The countries of Southeast Asia are young—more than half of its 643 million people are under 30— and together they live in an economy of $2.8 trillion. The ten countries of the Association of Southeast Asian Nations...
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Give Today’s Children a Chance
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Chart of the Week: Inequality in China
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Women in Finance: An Economic Case for Gender Equality
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Asia Needs More Access to Financial Services to Grow
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Welcome to e-Estonia: Where Virtual Residents Outnumber Newborns
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Top 5 Blogs on Finance
JP Koning: Moneyness
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Did Brexit break the banknote?
Nations never experience year-over-year declines in cash in circulation. Sweden (which I wrote about here, here, and here) is one of the rare exceptions. India is another, but this was due to its notorious botched demonetization attempt (which I wrote about here, here, here, and here). But now the UK seems to be joining this small group of outliers. Why does a nation's cash in circulation generally grow consistently from one year to the next?...
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“The Narrow Bank”
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Norbert’s gambit
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Europe’s SWIFT problem
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Two notions of fungibility
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Tainted money
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The €300 million cash withdrawal
Impact Evaluations
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Is your education program benefiting the most vulnerable students?
Just about every article or report on education that we read these days – and some that we’ve written – bemoan the quality of education in low- and middle-income countries. The World Bank’s World Development Report 2018 devoted an entire, well-documented chapter to “the many faces of the learning crisis.” Recent reports on education in ...
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Weekly links September 21: scholarship labels, designing for spillovers, does your paper have a bande dessinée version? And more…
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Do impact evaluations tell us anything about reducing poverty? Vol. II: The empire stagnates
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Should you oversample compliers if budget is limited and you are concerned take-up is low?
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Lessons from a cash benchmarking evaluation: Authors’ version
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Weekly links September 14: stealth cash vs WASH, online job boards, income-smoothing from bridges, lowering interest rates through TA, and more…
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Declaring and diagnosing research designs
Amol Agrawal: Mostly Economics
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Economists (and Economics) in Tech Companies
Profs Susan Athey (of Satnford who once worked for Microsoft) and Michael Luca (HBS) in this paper look at role of economists in tech sector: As technology platforms have created new markets and new ways of acquiring information,economists have come to play an increasingly central role in tech companies – tackling problemssuch as platform design, strategy, pricing, and policy. Over the past five years, hundreds of PhDeconomists have accepted...
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How the Great Telegraph Breakthrough of 1866 shaped global markets and economies…
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Why friends give but do not want to receive money
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Is Cash Still King? Case of US Dollar
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The policymakers in US and UK economy should focus on underemployment and not unemployment
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Britannia Industries celebrates 100 years
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Indian banking troubles: A case of activist regulators vs quiescent shareholders
David Andolfatto: Macro Mania
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What is the yield curve forecasting?
It's well-known that in the United States, recessions are often preceded by an inversion of the yield curve. Is there any economic rationale for why this should be the case? Most yield curve analysis makes reference to nominal interest rates. Economic theory, however, stresses the relevance of real (inflation-adjusted) interest rates. (The distinction does not matter much for the U.S in recent decades, as inflation has remained low and...
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The Trust Machine: The Story of Bitcoin
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Inflation and Unemployment (Part 2)
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Inflation and unemployment
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What anchors inflation?
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The recession of 2012-13 and the taper tantrum
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U.S. GDP Expenditure Components
Stephen Williamson: New Monetarist Economics
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Fed’s Portfolio Manager Says Not to Worry
I ran across an interesting talk by Simon Potter, who is responsible for the System Open Market Account at the New York Fed. Potter is a powerful person in the Fed system, as he looks after the specifics of monetary policy implementation. His talk addresses issues that I discussed in this previous blog post.The first order of business in the talk is the phasing out of the Fed's reinvestment policy. Recall that, after the buildup in the Fed's...
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Should You Be As Excited About GDP Growth As Donald Trump Claims to Be?
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Don’t Fear the Inversion – It’s the Short Rate That Kills You
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Fed Balance Sheet Policy, and Treasury Debt Management
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Fed Balance Sheet News
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Jawboning Makes a Comeback
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What Does “Serious” Mean?
ECB Press Releases
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Benoît Cœuré: Waiting for ESTER: the road ahead for interest rate benchmark reform
SpeechSpeech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ECB’s Money Market Contact Group meeting, Frankfurt am Main, 25 September 2018Benchmark interest rates play an integral role in financial markets. Their widespread use across a range of financial market instruments, including deposits, fixed income and credit market products, as well as derivatives, permits standardisation and generates liquidity. There is currently...
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Mario Draghi: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
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Peter Praet: Challenges to monetary policy normalisation
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Mario Draghi: Economic and Monetary Union: past and present
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Mario Draghi: The Benefits of European Supervision
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ECB unveils new €100 and €200 banknotes
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Peter Praet: Economic developments in the euro area
Tony Yates: Long and Variable
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Brexit was not really a neoliberal project, whatever that is
Simon Wren Lewis argues in a recent post that Brexit was a ‘neoliberal project’. That the driving force was a form of free-market utopianism. I have doubts about the project of diganosing Brexit as a neoliberal project. For starters, there are the Lexiters. They see the EU as the neoliberal agent, strengthened by the agents of Europe’s companies ganging up on the workers. They want to break free from the EU to intervene more, not less in...
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Will Ireland back down over the border?
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Will the Fed Trump the President or vice versa?
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Did I just accidentally blog about the validity of a radical centrist party in the UK?
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Je ne Bregret rien
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Was poor post crisis macro performance all central banks’ fault?
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How big a deal is No Deal? We have no idea.
Bank of Canada
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Bank of Canada calls for nominations for the 2019 Fellowship Program awards
FOR IMMEDIATE RELEASE Available as: PDF The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2019 Fellowship and Governor’s awards. Presented annually, these awards distinguish and support the work of academics who are making exemplary contributions...
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An Update on Canada’s Economic Resilience
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Bank of Canada maintains overnight rate target at 1 ½ per cent
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The Fourth Industrial Revolution and Central Banking
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RCMP’s E Division wins Bank of Canada counterfeit prevention award
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Bank of Canada publishes its 2019 schedule for policy interest rate announcements, the release of the Monetary Policy Report, the Business Outlook Survey and the Senior Loan Officer Survey
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Process for selecting a Deputy Governor of the Bank of Canada
New York Fed
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Do You Know How Your Treasury Trades Are Cleared and Settled?
Adam Copeland, Michael Fleming, Frank Keane, and Radhika Mithal The Treasury Market Practices Group (TMPG) recently released a consultative white paper on clearing and settlement processes for secondary market trades of U.S. Treasury securities. The paper describes in detail the many ways Treasury trades are cleared and settled— information that may not be readily available to all market participants—and identifies potential risk and...
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Whither Labor Force Participation?
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Education’s Role in Earnings, Employment, and Economic Mobility
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Just Released: August Regional Survey—Businesses See Tariffs Raising Prices
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Will Demographic Headwinds Hobble China’s Economy?
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Just Released: Cleaning Up Collections
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Do Import Tariffs Help Reduce Trade Deficits?
RBNZ
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RSS Feed – Reserve Bank of New Zealand
The Reserve Bank of New Zealand offers the following RSS Feed: News releases You will be alerted when Monetary Policy Statement news releases, OCR announcements, and other public statements are posted on the Reserve Bank’s website. What is an RSS feed? RSS, or "Really Simple Syndication" is web-based format for distributing content, also sometimes known as a ‘feed’. Why use RSS? The Bank’s RSS is an easy way to keep track of...
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Bank of China registered as a bank
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New PTA requires Reserve Bank to consider employment alongside price stability mandate
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An interview with Atif Mian of Princeton University
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Official Cash Rate unchanged at 1.75 percent
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RBNZ Governor supports macro-prudential policy
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New appointment to Reserve Bank board
Bank of International Settlement
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BIS Quarterly Review, September 2018
IT FR ES DE Divergences widen in markets BIS Quarterly Review | 23 September 2018 PDF full text (2,869kb) | 152 pages | ePub Remarks by Mr Claudio Borio, Head of the...
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Financial stress in lender countries and capital outflows from emerging market economies
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Monitoring of fast-paced electronic markets
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Why you should use the Hodrick-Prescott filter – at least to generate credit gaps
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An intermediation-based model of exchange rates
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Pillar 3 disclosure requirements – regulatory treatment of accounting provisions
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Quantitative or qualitative forward guidance: Does it matter?
FT Money Supply
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Money Supply 1970-01-01 00:00:00
[unable to retrieve full-text content]
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Money Supply 2014-07-29 13:41:38
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ECB caught up in economists’ spat
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TLTRO: how well has the ECB targeted its loans?
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Live blog: Mario Draghi’s monthly ECB press conference
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Japan’s inflation expectations: glass half empty?
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Carney’s (old) new normal
