Cambridge Forecast Group Blog: Backup

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 152: ISLAMIC FINANCE AND FINANCIAL STABILITY

BIS Review

Bank for International Settlements

BIS Review No 152 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Mon 11/30/09

Please find BIS Review No 152 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 152 (30 November 2009)

Jean-Pierre Roth: As the financial crisis recedes, what are the lessons for central bank efforts in the future?

Jean-Claude Trichet: Interview with Het Financieele Dagblad

Duvvuri Subbarao: Should banking be made boring? – an Indian perspective

Zeti Akhtar Aziz: Islamic finance and financial stability

Caleb M Fundanga: Developments in the Zambian banking sector

e-mail press@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 152 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Mon 11/30/09

PHILADELPHIA FED WORKING PAPERS: OPEN-ECONOMY MODELS

Working Papers – FRB Philadelphia

Philadelphia Fed

Phil.Webmaster@philadelphiafed.org

Fri 11/27/09

The following information is now available on the Philadelphia Fed’s website:

Working Paper 09-32
“How Important Is the Currency Denomination of Exports in Open-Economy Models?” by Michael Dotsey and Margarida Duarte

http://www.philadelphiafed.org/research-and-data/publications/working-papers/2009/

The authors show that standard alternative assumptions about the currency in which firms price export goods are virtually inconsequential for the properties of aggregate variables, other than the terms of trade, in a quantitative open-economy model.

Working Paper 09-33
“Worker Flows and Job Flows: A Quantitative Investigation” by Shigeru Fujita and Makoto Nakajima

http://www.philadelphiafed.org/research-and-data/publications/working-papers/2009/

The authors investigate the sources of the differences in the cyclicality of worker flows and job flows by studying quantitative properties of a multiple-worker version of the search/matching model that features endogenous job separation and intra-firm wage bargaining.

We welcome your comments, questions, and suggestions.

Please e-mail us at Phil.Webmaster@phil.frb.org.

Working Papers – FRB Philadelphia

http://www.philadelphiafed.org/research-and-data/publications/working-papers/2009/

http://www.philadelphiafed.org/research-and-data/publications/working-papers/2009/

Philadelphia Fed

Phil.Webmaster@philadelphiafed.org

Fri 11/27/09

ECONOMIC DATA SOURCES

*One cannot provide a link to this proprietary data but a good description is likely to be available soon after the release at news.google.com . Search on “Michigan Consumer Sentiment”.

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 151: LESSONS FROM THE CRISIS

BIS Review

Bank for International Settlements

BIS Review No 151 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 11/27/09

Please find BIS Review No 151 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 151 (27 November 2009)

Jean-Claude Trichet: Key lessons from the crisis

Ewald Nowotny: The euro’s contribution to economic stability in CESEE

Amando M Tetangco, Jr: Ensuring efficient & eco-friendly ASEAN mints

Budi Mulya: Exit strategy in advanced countries and their implications for the EMEAP region

Lorenzo Bini Smaghi: Exit strategies – the international dimension

e-mail press@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 151 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 11/27/09

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 148: MONETARY POLICY

BIS Review

Bank for International Settlements

BIS Review No 148 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 11/24/09

Please find BIS Review No 148 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 148 (24 November 2009)

Jean-Pierre Roth: Ten years’ experience in steering interest rates – taking stock of the Swiss National Bank’s monetary policy strategy

Njuguna Ndung’u: Recent financial sector performance in Kenya

Lars Nyberg: In the wake of the financial crisis

Bandid Nijathaworn: Update on the Thai economy

Lorenzo Bini Smaghi: Monetary policy in challenging times

e-mail press@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 148 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 11/24/09

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 149: FINANCIAL STABILITY

BIS Review

Bank for International Settlements

BIS Review No 149 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 11/25/09

Please find BIS Review No 149 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 149 (25 November 2009)

Stefan Ingves: Financial stability – where are we heading?

Jean-Claude Trichet: Today’s financial institutions and tomorrow’s monetary order

Zeti Akhtar Aziz: Key issues confronting the financial sector in Malaysia

Yves Mersch: Islamic finance – partnerships opportunities between Luxembourg and the Arab countries

José Manuel González-Páramo: The Euro Exhibition

e-mail press@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 149 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 11/25/09

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 150: LESSONS FROM THE CRISIS

BIS Review

Bank for International Settlements

BIS Review No 150 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 11/27/09

Please find BIS Review No 150 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 150 (26 November 2009)

Jean-Claude Trichet: Key lessons from the crisis

Ewald Nowotny: The euro’s contribution to economic stability in CESEE

Amando M Tetangco, Jr: Ensuring efficient & eco-friendly ASEAN mints

Budi Mulya: Exit strategy in advanced countries and their implications for the EMEAP region

Lorenzo Bini Smaghi: Exit strategies – the international dimension

e-mail press@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 150 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 11/27/09

DIESEL PRICES: DALLAS FED

Dallas Fed

What Drives Diesel Fuel Prices?

Economic Letter

Vol. 4 No. 9 November 2009

Federal Reserve Bank of Dallas

Dallas Fed Publications (dal.webmaster@dal.frb.org)

Tue 11/24/09

What Drives Diesel Fuel Prices?

Crude oil prices, seasonal shifts and regulatory changes are major factors driving long-term diesel fuel prices, according to the latest issue of Economic Letter. It also notes that diesel prices departed from historic norms in recent years and rose above gasoline prices on spot markets. The authors estimate that spot diesel fuel prices should rise 25 cents a gallon over the next six months and 41 cents a gallon over the next 18 months.

Read more: http://dallasfed.org/research/eclett/2009/el0909.html

Reserve Bank of Dallas publications

We welcome your comments, questions and suggestions.

Please e-mail us at dal.webmaster@dal.frb.org.

Federal Reserve Bank of Dallas

2200 N. Pearl St. Dallas TX 75201

Dallas Fed

What Drives Diesel Fuel Prices?

Economic Letter

Vol. 4 No. 9 November 2009

Federal Reserve Bank of Dallas

http://dallasfed.org/research/eclett/2009/el0909.html

Dallas Fed Publications (dal.webmaster@dal.frb.org)

Tue 11/24/09

ICRIER INDIA

Indian Council for Research on

International Economic Relations

ICRIER

Core 6A, 4th Floor
India Habitat Center
Lodhi Road
New Delhi 110003

Tel: (91-11) 43 112400
Fax: (91-11) 24620180 / 24618941
ahuja@icrier.res.in

Dr. Isher Judge Ahluwalia
Chairperson
E-mail: isherahluwalia@hotmail.com

Elected Members

Prof. Shankar N. Acharya
Former Chief Economic Advisor Ministry of Finance and Honorary Professor ICRIER

·Mr. O. P. Bhatt
Chairman
State Bank of India

Mr. Anwarul Hoda
Former Member
Planning Commission

Ms. Janaki Kathpalia
Former Additional Secretary,
Ministry of Finance, Department of Economic Affairs

Dr. Vijay Kelkar
Chairman, 13th Finance Commission

Ms. Chanda Kochhar
Managing Director and Chief Executive Officer
ICICI Bank Ltd

Mr. Uday S. Kotak
Vice Chairman & Managing Director
Kotak Mahindra Bank Ltd

Dr. Rakesh Mohan
Distinguished Consulting
Professor Centre Stanford Centre for International Development,
Stanford University

Mr. Nandan M Nilekani
Chairman
Unique Identification Authority of India

Mr. N. K. Singh
Member of Parliament
Rajya Sabha

Mr. Malvinder Mohan Singh
Group Chairman
Religare & Fortis Healthcare

Indian Council for Research on

International Economic Relations

JOSEPH ROTH NOVEL ABOUT HISTORY'S WAITING ROOMS: "HOTEL SAVOY" 1924

Hotel Savoy

Joseph Roth (Author)

The Austrian-Jewish writer Joseph Roth (1894-1939)

Hotel Savoy (1924)

It is 1919. World War I has ended. Soldiers and survivors of prisons are straggling out of Russia toward the West. One of them, our narrator, reaches a squalid industrial town (Lodz) between here and there, and finds himself stranded, coaxing nothing out of his rich uncle except an elegant hand-me-down suit.

He takes a room at the Hotel Savoy, an immense indefinite structure that seems to expand and contract like an accordion, though ‘we’ never scale higher than the seventh floor. There are luxurious quarters on the lower floors, or at least so it seems, but our narrator lodges on the fifth floor, just below the exotic dancer Stasia, who has managed at least not to become one of the naked bar girls who fawn on the rich industrialists in the bar of the Hotel Savoy.

The elevator operator, Ignatz, has odd powers of intimidation — may in fact be Death — and keeps everyone’s luggage locked somewhere until the room charges are settled, which of course can never happen. There’s a strike underway among the factory workers, and everyone is waiting for “Bloomfield”, the native of the town who has become filthy rich in America, to reinvent their businesses. Unquestionably, the “revolution” is near …

The Austrian-Jewish writer Joseph Roth (1894-1939) amazes us with his ability to compress an entire genre of writing into each of his highly original novellas. “Hotel Savoy” is a blend of Baroque allegory with post-Freudian surrealism, as if Sebastian Brant’s “Ship of Fools” had been updated by Vladimir Nabokov, with stylistic accents from Franz Kafka and Robert Walser. We are also reminded of Eugene O’Neill’s play, “The Iceman Cometh.”

One is reminded of the great paintings by Pieter Brueghel, of soldiers and beggars carousing while the plague fires burn. Obviously the ‘hotel’ is the whole of European civilization in the midst of an historical debacle. Terrifying as Roth’s vision is, this novella is fiercely funny, a foxtrot of despair, a purgative bonfire of the vanities.

Joseph Roth (1894-1939) ranks among the most important of early 20th-century European raconteurs. In his second novel, Hotel Savoy (1924), he skillfully depicts a string of events in the life of his character Gabriel Dan. Roth was intent on portraying in prose the psychology of the uprooted, the hopeless, and the hopeful.

Gabriel is adrift in a world torn asunder by a recent war, so for several months, he lives in the most prominent hotel in an Eastern town. He hopes that his wealthy uncle will offer him financial assistance, so he can travel westward.

Product Description

Still bearing scars from the gulag, a freed POW traverses Russia to arrive at the Polish town of Lodz. In its massive Hotel Savoy, he meets a surreal cast of characters, each eagerly awaiting the return from America of a rich man named Bloomfield.

Like Europe itself later in 1932, the hotel is the stage upon which characters follow fate to its tragic destiny.

Product Details:

· Publisher: Overlook TP

· October 28, 2003

· Language: English

· ISBN-10: 1585674478

· ISBN-13: 978-1585674473

Roth’s Works:

· Das Spinnennetz (The Spider’s Web) (1923)

· Hotel Savoy (Hotel Savoy) (1924)

· Die Rebellion (The Rebellion) (1924)

· April. Die Geschichte einer Liebe (April: The History of a Love) (1925)

· Der blinde Spiegel (The Blind Mirror) (1925)

· Juden auf Wanderschaft (The Wandering Jews) (1927)

· Die Flucht ohne Ende (The Flight without End) (1927)

· Zipper und sein Vater (Zipper and His Father) (1928)

· Rechts und links (Right and Left) (1929)

· Der stumme Prophet (The Silent Prophet) (1929)

· Hiob (Job (novel)) (1930)

· Radetzkymarsch (The Radetzky March) (1932)

· Der Antichrist (The Antichrist) (1934)

· Tarabas (1934)

· Beichte eines Mörders (Confession of a Murderer) (1936)

· Das falsche Gewicht (Weights and Measures) (1937)

· Die Kapuzinergruft (The Emperor’s Tomb) (1938)

· Die Legende vom heiligen Trinker (The Legend of the Holy Drinker) (1939)

· Die Geschichte von der 1002. Nacht (The String of Pearls) (1939)

· Der Leviathan (The Leviathan) (1940)

Hotel Savoy

Joseph Roth (Author)

The Austrian-Jewish writer Joseph Roth

(1894-1939)

Hotel Savoy (1924)