BDIPaper
Tracking inflation beats natural rate rules during AI transition
Artificial intelligence creates ambiguous inflation pressures depending on adoption speed, according to a Banca d'Italia study published in October 2026.
AI Paper Curation
BDIPaper
Dutch and Italian funds cut hurricane-exposed US equities
Institutional investors in Italy and the Netherlands reduced their holdings of US equities exposed to major hurricanes between 2020 and 2023, according to a joint study by Banca d’Italia and De Nederlandsche Bank researchers.
BDIPaper
Open-weight models redistribute rents across the AI value chain
A Banca d'Italia paper shows that open-weight artificial intelligence models redistribute market rents rather than destroy incumbent profits.
BDIPaper
Appeals double Italian procurement award times to 240 days
A Bank of Italy working paper finds that administrative appeals affect only 0.4 percent of Italian public procurement procedures but 7.2 percent of total contract value, nearly doubling average award times between 2023 and 2025.
BDIPaper
Tail risks explain 43 percent of dollar moves against the euro
Repricing of tail risks accounted for 43 percent of daily dollar fluctuations against the euro following the April 2025 US tariff announcement.
BDIPaper
DNBPaper
Confident buyers pay up to 4.4 percent more for homes
A De Nederlandsche Bank working paper finds that consumer confidence strongly predicts entry into the Dutch housing market and raises transaction prices paid by buyers by 2.2 to 4.4 percent in supply-constrained areas.
DNBPaper
Primary accounts anchor bank cross-selling despite fintechs
Dutch banks maintain effective cross-selling channels through primary current accounts despite fintech competition.
SARBPaper
Expectation dispersion warns of inflation de-anchoring in real time
South African private sector inflation expectations gained durability over 25 years of targeting, while survey dispersion provided real-time early warnings of de-anchoring risks.
BDEPaper
Military investment lifts GDP after four years with 1.3 multiplier
Defence procurement contracts boost GDP only after a lag of roughly four years, reaching a peak total multiplier of 1.3, according to a Banco de España study.
SNBPaper
Swiss interbank clearing migrates fully to secure SCION network
The Secure Swiss Finance Network (SSFN) has fully replaced legacy connectivity for Swiss Interbank Clearing.
BDFPaper
US markets record 374 IPOs in 2025 compared with 55 across the EU
European equity markets lagged the United States with 55 initial public offerings compared to 374 in 2025, according to a Banque de France assessment.