Cover and contents (PDF, 4 pages, 184 kb)
Interest Rate Setting by the ECB, 1999-2006: Words and Deeds
by Stefan Gerlach
Imperfect Knowledge, Adaptive Learning, and the Bias Against Activist Monetary Policies
by Alberto Locarno
Economic and Regulatory Capital in Banking: What Is the Difference?
by Abel Elizalde and Rafael Repullo
Stock Liquidity Requirements and the Insurance Aspect of the Lender of Last Resort
by Spyros Pagratis
Technology Diffusion within Central Banking: The Case of Real-Time Gross Settlement
by Morten L. Bech and Bart Hobijn
Fear of Floating and Social Welfare
by Demosthenes N. Tambakis