BOE
Offshore hedge funds drive rising non-bank default risk in UK
A Bank of England note maps and quantifies non-bank default risk in key UK financial markets.
Paper
BOE
NBFI funding to banks shifts from cheap to costly
Non-bank financial institutions (NBFIs) provide significantly more overnight liquidity to UK banks than traditional interbank lenders, a new Bank of England paper finds.
BDF
EBA capital exercise cut euro area loan growth by 1.6 percent
A Banque de France working paper finds that the EBA's 2011/12 Capital Exercise reduced euro area loan growth by 1.2 to 1.6 percentage points.
CBR
QUIET: Search data reveals Russian household inflation views
A new Central Bank of Russia study introduces QUIET, an indicator of household inflation expectations for Russia and its regions, derived from search engine data.
BIS
Colombian provisioning rules lift resilience without cutting credit
The Superintendence of Finance of Colombia introduced higher provisioning requirements for long-term consumer loans in January 2023.
ECB
New theory: Liquidity rules need bank size limits for efficiency
A new European Central Bank working paper proposes a general equilibrium theory where bank liquidity requirements improve incentives but are insufficient for efficient financial intermediation.
SNB
CIP violations shape dynamic cross-currency basis curve
A new SNB working paper investigates how U.S. dollar funding demand and dealer balance-sheet constraints induce persistent covered interest parity (CIP) deviations.
BOJ
Regional economies recover moderately across Japan
The Bank of Japan's latest Regional Economic Report indicates that all nine regions of Japan are experiencing moderate economic recovery or picking up.
FED
Hours elasticity rises in recessions, capacity use explains why
A new Federal Reserve paper finds that the aggregate hours elasticity is significantly higher in recessions than in expansions.
BDF
France's potential growth still affected by Covid crisis
France's potential GDP still bears slight negative effects from the Covid crisis in level terms, but its pre-crisis growth rate returned by end-2025.
BIS
Tech booms erode skilled wages, easy finance amplifies the loss
A new working paper from the BIS and Atlanta Fed reveals that high-skill workers joining innovative sectors during technology booms experience significant long-term earnings losses.