BIS
Paper
Digital payments reshape markets, incumbents retain dominance
A new Bank for International Settlements (BIS) bulletin examines the rapidly evolving landscape of retail digital payments.
AI Paper Curation
ECB
Paper
Geoeconomic power shift fragments trade, EU must adapt
An ECB discussion paper argues that a gradual shift in geoeconomic power from the United States to China is driving fragmentation in world trade.
ECB
Paper
Tariffs shift burden, networks amplify trade war spillovers
An ECB working paper finds that a US-China tariff war generates asymmetric economic incidence, with the targeted country facing larger output contractions.
BIS
Paper
Capacity utilization drives state-dependent labor tax effects on hours
A new BIS working paper develops a business cycle model demonstrating that the aggregate hours elasticity is higher in recessions.
ECB
Paper
EU carbon pricing cuts emissions and drives green M&As
A new European Central Bank working paper finds that tighter EU climate regulation led high-emission firms to cut emissions and acquire greener targets.
BIS
Paper
BIS
Paper
Mortgage lock-in reduces sellers, but lower rates tighten markets
A new working paper from the Federal Reserve Bank of Philadelphia finds that elevated mortgage rates cause homeowners to delay selling, reducing transaction volumes.
ECB
Paper
Non-bank groups test EU regulatory perimeter, new oversight proposed
An ECB Occasional Paper examines how large non-bank groups providing bank-like services challenge the European Union's regulatory perimeter.
BDF
Paper
Regulation fosters Bitcoin price convergence, deters illicit use
A Banque de France working paper finds that cryptocurrency regulation significantly impacts Bitcoin price deviations across countries.
BOE
Paper
Central bank narratives shape media, move inflation expectations
A Bank of England working paper finds central bank communication shapes media coverage and influences household inflation expectations.
BOE
Paper
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.
CBR
Paper
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.