| ||Date||Title and Description
|04/04/2014||Analysis of Recent Monetary Operations and Financial Market Developments
In this article we review 2013 and early 2014, examining
the main changes to the ECB’s operational framework and the evolution of
Eurosystem lending, particularly the Early Repayment Operations (EROs)
relating to the two 3-year Longer Term Refinancing Operations (LTROs). The
article studies the use of the ECB’s standing facilities, while it also reports on
the improvements in money markets over the review period. Finally, we also
examine the Irish sovereign’s on-going return to debt markets before briefly
analysing changes in TARGET2 balances over 2013.
|04/04/2014||Central Bank Communications A Comparative Study
Central bank communication has increased significantly over the past two
decades and has continued to evolve since the onset of the financial crisis. We
first discuss the theoretical and empirically measured merits of central bank
transparency. We then survey the communication practices of central banks in
ten advanced economies, comparing and contrasting their frameworks across
press conferences and statements, the publication of minutes and transcripts,
the horizon and scope of the forecasts that they publish and the use of forward
guidance in its various forms.
|04/04/2014||Irish Results of the BIS Foreign Exchange and Interest Rate Derivatives Survey 2013
The Central Bank of Ireland participated in the most recent survey of global
turnover in foreign exchange and over-the-counter single-currency interest rate
derivatives. The survey is coordinated by the Bank for International Settlements
every three years, and Ireland has participated since 1995. The survey results
for Ireland show a sharp fall in turnover in both foreign exchange and interest
rate derivatives since the last survey in 2010.
|29/01/2014||Some Implications of New Regulatory Measures for Euro Area Money Markets
A number of banking and financial market regulations have been proposed in response to the financial crisis; in particular the Basel III solvency and liquidity rules.
|29/01/2014||Trends in Business Investment
This article examines trends in business investment in Ireland. Consistent with the international evidence on investment cycles, we show that business investment in Ireland exhibits large cyclical movements around a long-run trend
relative to GDP.