Economic Bulletin articles from December 2007

Economic Bulletin archives from December 2007

The central bank's liquidity policy in an oil economy.
December 1, 2007... Norges Bank's instrument for achieving the objective of low and stable inflation is the key policy rate--the rate of interest on banks' deposits in Norges Bank. But how do Norges Bank's interest rate decisions affect market interest rates? They...

Clearing and settlement at Norges Bank--a historical review.(Norway. Central Bank of Norway)
December 1, 2007... The Norwegian payment system processes more than three million payment transactions every day. On some days the number of transactions can be far higher. The transactions are cleared and settled in the Norwegian payment system. In the clearing...

Monetary policy frameworks--Norges Bank in the light of the literature and international practice.
December 1, 2007... The past 20 years have brought major changes in monetary policy, in Norway and abroad. Most central banks now have instrument independence, and price stability is the common objective of monetary policy. The organisation of the monetary policy...

Turbulence in credit markets--mortgage financing at home and abroad.(Svein Gjedrem)(Norwegian Savings Banks Association)
December 1, 2007... Speech by Governor Svein Gjedrem at the annual meeting of the Norwegian Savings Banks Association (1) Financial markets in different countries have become more closely interwoven over the past few years. New participants have appeared and...