BDF
Paper
Transmission protection drives 80 percent of ECB policy events
A Banque de France study identifies transmission protection as an active policy dimension in over 80 percent of ECB meetings since 2010.
AI Paper Curation
BDF
Paper
French SME repayment capacity weakens as turnover growth stalls
French small and intermediate enterprises faced deteriorating credit repayment capacity in 2025 despite solid profit shares and stable cash reserves, according to Banque de France tax data.
BIS
Paper
Stablecoin reserves stay exposed to risk taken elsewhere
A Financial Stability Institute study of stablecoin regimes across the EU, Hong Kong, Singapore, the UK, and the US shows that activity limits apply only to issuing entities, leaving non-bank groups exposed to contagion risks.
RIKSBANK
Paper
Fiscal and monetary policy aligned from 2006 to 2025
Swedish fiscal and monetary policy largely pulled in the same direction between 2006 and 2025, according to a Riksbank study co-authored by Deputy Governor Anna Seim.
CBR
Paper
Skill frictions deepen post-shock GDP losses by 3 percent
A Bank of Russia working paper finds that incorporating skill loss during unemployment into macroeconomic models generates persistent output scars.
BDF
Paper
BIS
Paper
LLMs detect 79 capital rule divergences in G-SIB AT1 prospectuses
A Bank for International Settlements study presents a large language model screening procedure to identify divergences between bank prospectuses and regulatory capital rules.
BIS
Paper
Lower reserve requirements delay wholesale settlements
Reductions in reserve requirements prompt financial institutions to shift large-value payment settlements toward later hours of the day.
SNB
Paper
Centuries-old monetary debates shape crypto and CBDC architectures
A Swiss National Bank working paper maps digital tokens, including cryptocurrencies, CBDCs, and stablecoins, onto three historical monetary controversies.
CBR
Paper
Retail brokerage deposits hit record 1.1 trillion rubles in Q2
Retail investors deposited a record 1.1 trillion rubles into Russian brokerage accounts in the second quarter of 2026.
ECB
Paper
Retail sentiment predicts next-day equity prices during downturns
An ECB working paper introduces the Reddit Retail Investor Sentiment Indicator, built from 8.5 million social media posts between 2015 and 2026.
ECB
Paper
Random forests reveal non-linear tail risks in bank stress tests
A machine learning framework using random forests improves corporate default predictions and reveals non-linear tail risks across European banks.