BOEPaper
Unsecured letters of credit proposed for clearing margin
Non-financial firms would gain access to unsecured letters of credit for initial margin under Bank of England (BoE) proposals published October 15, 2026.
AI Paper Curation
NORGESPaper
Higher firm pay passes only halfway into household spending
Workers spend roughly half the additional disposable income gained by moving to higher-paying firms, according to Norges Bank research published October 15, 2026.
ECBPaper
Higher CBDC holding limits can increase balances rather than cap demand
High holding limits increased digital currency balances in an experiment reported in European Central Bank (ECB) Working Paper 3300, published October 15, 2026.
ECBPaper
Leverage constraints raise repo haircuts and weaken pass-through
Repo haircuts reflect regulation and bargaining, not just risk protection.
BDEPaper
Inflation widens price dispersion most in restaurants
Moving from zero to 10 percent annualized inflation raises inefficient price dispersion by about 73 percent in restaurants and 46 percent in supermarkets, Santiago Alvarez-Blaser finds in a Bank of Spain working paper published October 15, 2026.
BOEPaper
FSBPaper
AI practices strengthen oversight of autonomous systems
Around 160 responses informed the Financial Stability Board (FSB) revisions to its AI adoption practices, published October 15, 2026.
CBRPaper
Growth stays moderate as persistent inflation remains elevated
Russia's economy continued growing at a very moderate pace in the third quarter, the Bank of Russia reported on October 14, 2026.
FEDPaper
Pandemic transfers reduced employment but improved recipient welfare
Pandemic transfers lowered employment while raising recipients' consumption and welfare in a Federal Reserve working paper published October 14, 2026.
ECBPaper
Tighter policy interpretations precede output and price declines
Analysts' tighter policy interpretations precede declines in euro area output, prices and employment, Luca Ebener and Thomas McGregor find.
ECBPaper
Fixed-rate lending amplifies credit contraction by one-third
A 100 basis point policy-rate increase reduces new lending about one-third more in fixed-rate than variable-rate systems in a European Central Bank (ECB) model.
BISPaper
Stablecoins need public backing to sustain trust at par
Stablecoins lack the institutional backing that sustains bank money, Iñaki Aldasoro argues in Bank for International Settlements (BIS) Paper No 175, published October 14, 2026.