Global trade growth was very weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, this trade elasticity has since declined to below unity. This raises the question to what extent the change in the relationship between global...

Topics: - The role of central bank communication in the conduct of monetary policy and in ensuring financial stability. Is the role of communication in maintaining price stability and financial stability different? What should be communicated with respect to financial stability? How should...

Topics: - Liquidity risk in global payment and settlement systems - Globalisation of financial markets and liquidity management - Systemic risk in global payments - Interdependencies in payment and settlement systems - Collateral management in global payment and settlement systems - Recent...