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World trade monitor: May 2010

July 26
The volume of world trade increased by 1.8% in May, following a revised decrease of 1.1% in April.
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Systemic risk in the financial sector; A review and synthesis

July 9
The financial crisis has put systemic risk firmly on the policy agenda. In such a crisis, an initial shock gets amplified while it propagates to other financial intermediaries, ultimately disrupting the financial sector.
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The effects of a change in market abuse regulation on abnormal returns and volumes: Evidence from the Amsterdam stock market

July 7
The Market Abuse Directive came into effect on 1 October 2005. One of its purposes is to reduce illegal insider trading and leakage of information prior to official releases by increasing penalties. This analysis reveals that the information value of announcements, measured by the announcement day abnormal return and abnormal volume, is not significantly different after the new regulation than it was before.
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CPB Newsletter 2010/2

June 23
After the large decline in 2009, Dutch economic growth is projected to rebounce to 1¼% in 2010 and to increase further to 1¾% in 2011. The main driver of growth are exports, which benefit from a cheaper euro and the return of world trade growth. Private consumption is expected to remain almost flat in both years. Gross fixed capital formation declines by 12% this year and will remain stable in 2011.

Under these circumstances, unemployment will rise to an estimated level of 5¾% of the labour force in 2010 and 6% in 2011. Even though demand will remain weak in the forecasting years, inflation is picking up, mainly as a result of higher import prices due to the cheaper euro, and energy prices that are no longer falling. Assuming unchanged government policies, the budget deficit will drop from 6.3% GDP this year to 4.7% GDP next year.

The formation of a new coalition, budget cuts in many countries, and problems in the euro area introduce large uncertainties in the current forecasts.
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Complete list...