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Little, Jane Sneddon - In: New England Economic Review (2002) Q 2, pp. 51-55

The Sveriges Riksbank, the Swedish central bank, is an authority under the Riksdag (parliament) with responsibility for monetary policy. Its objectives are to maintain price stability and to promote a safe and efficient payment system. With the advent of the new regime, which went into effect in...

Persistent link: https://www.econbiz.de/10005526668

Japan's approach to monetary policy

Olivei, Giovanni P. - In: New England Economic Review (2002) Q 2, pp. 39-43

The goal of monetary policy as conducted by the Bank of Japan is to contribute to the sound development of the national economy through the pursuit of price stability. The objective of price stability, however, is not precisely defined as it has been for other central banks. Following the...

Persistent link: https://www.econbiz.de/10005526673

Bank regulatory agreements in New England

Peek, Joe; Rosengren, Eric S. - In: New England Economic Review (1995) May, pp. 15-24

third quarter of 1989. Numerous recent studies have identified low bank capital ratios as a factor contributing to slow … conditions included in formal regulatory actions, capital requirements have played a key role in altering bank lending behavior …. The study documents that the correlation between bank capital and loan shrinkage found in earlier studies has a regulatory …

Persistent link: https://www.econbiz.de/10005526717

The practice of central banking in other industrialized countries

Kopcke, Richard W. - In: New England Economic Review (2002) Q 2, pp. 3-9

Central banks in larger industrialized countries increasingly favor market operations, the buying and selling of securities, over standing facilities, such as lending and deposit facilities, in conducting their monetary policies. In their market operations, foreign central banks most commonly...

Persistent link: https://www.econbiz.de/10005428474

Innovations in performance measurement in banking

Kimball, Ralph C. - In: New England Economic Review (1997) May, pp. 23-38

processes and performance systems. Their innovations have enabled banks to create internal capital markets, measure risks so as … risk-based capital, and the creation of risk-adjusted hurdle rates. Unresolved issues in bank management are also reviewed …, such as the problem of "adding up" in the allocation of capital, the valuation of customer relationships, and the creation …

Persistent link: https://www.econbiz.de/10005428500

Monetary policy in pre-ECB Italy

Bartolini, Leonardo - In: New England Economic Review (2002) Q 2, pp. 35-38

In 1979, Italy entered into the Exchange Rate Mechanism (ERM) as a founding member of the European Monetary System. After that date, the country's monetary policy was geared toward the maintenance of exchange rate stability against its ERM partners, despite a number of exchange parity...

Persistent link: https://www.econbiz.de/10005428503

Using bank supervisory data to improve macroeconomic forecasts

Peek, Joe; Rosengren, Eric S.; Tootell, Geoffrey M. B. - In: New England Economic Review (1999) Sep, pp. 21-32

Locating the function of bank supervision in the central bank has been a contentious issue, both domestically and internationally. Most discussions of the role of bank supervision in central banking have focused on crisis management and the responsibilities of the central bank as a lender of...

Persistent link: https://www.econbiz.de/10005428528

Criteria for central bank assets: lessons from pre-ECB Germany

Nelson, William R. - In: New England Economic Review (2002) Q 2, pp. 29-32

The Deutsche Bundesbank was formed in July 1957, when the two-tier central bank system set up following World War II was consolidated. That previous system had been established by the Allies in imitation of the Federal Reserve System and consisted of independent regional banks (the Land Central...

Persistent link: https://www.econbiz.de/10005428534

Implications of the globalization of the banking sector: the Latin American experience

Peek, Joe; Rosengren, Eric S. - In: New England Economic Review (2000) Sep, pp. 45-62

Foreign entry into domestic banking markets remains a contentious issue. Whether privatizing a state bank in Brazil or selling a failed bank in Japan, the proposed sale of a large domestic financial institution, possibly to a foreign acquirer, frequently results in a major controversy. Many...

Persistent link: https://www.econbiz.de/10005428535

Japanese banking problems: implications for lending in the United States

Peek, Joe; Rosengren, Eric S. - In: New England Economic Review (1999) Jan, pp. 25-36

experienced a significant diminution of capital as a result of sharp declines in the Japanese stock market and substantial … increases in nonperforming loans. Increasingly constrained by international capital requirements, Japanese banks began to shrink … the Japanese banking presence in the United States. In particular, the authors examine the role that capital requirements …

Persistent link: https://www.econbiz.de/10005428540