Optimal STW policy: Benefits up, eligibility tighter in downturns
A Federal Reserve Bank of Cleveland working paper proposes an optimal short-time work (STW) policy that increases benefits but tightens eligibility criteria during recessions.
The Financial Stability Board (FSB) has published policy guidance to improve non-bank financial entities' ability to manage liquidity demands from margin and collateral calls.
A new ECB working paper finds that digital banks transmit monetary policy more strongly and rapidly than traditional banks, particularly during tightening cycles.
A new ECB working paper finds the euro-denominated repo market acts as a shock absorber during financial stress.
A new European Central Bank Working Paper finds that euro area inflation reacts disproportionately to large energy shocks, while small shocks have no significant effect.
A Federal Reserve Bank of Cleveland working paper proposes an optimal short-time work (STW) policy that increases benefits but tightens eligibility criteria during recessions.
A Banca d'Italia study reveals rapid growth in Italy's Buy Now Pay Later (BNPL) market, with usage increasing from 4 percent of households in 2022 to 30 percent in 2025.
A Banco de España Occasional Paper develops a benchmarking framework to assess the cost of issuing MREL-eligible debt.
An ECB working paper examines the short-term macroeconomic and sectoral effects of extreme weather events in Germany, France, Italy, and Spain.
A new European Central Bank working paper quantifies the role of housing wealth in the transmission of monetary policy to consumption across 20 advanced economies.
The Basel Committee on Banking Supervision's latest monitoring report shows stable Basel III risk-based capital and leverage ratios for banks.
The Financial Stability Board (FSB) published its 2025 Annual Report, assessing global financial stability.