BOJ
Paper
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.
AI Paper Curation
BIS
Paper
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.
BOE
Paper
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.
ECB
Paper
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
Paper
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
Paper
FED
Paper
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
Paper
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
Paper
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.
ECB
Paper
Temporary migration reshapes regional shocks and policy trade-offs
A new ECB working paper finds that temporary migration significantly alters macroeconomic fluctuations and the effectiveness of stabilization policies in integrated economies like the European Union.
BIS
Paper
Project Insight traces global value chains from 2018 to 2024
The Bank for International Settlements (BIS) has launched 'Project Insight,' a proof-of-concept dashboard to enhance the monitoring of global value chains (GVCs).
BDE
Paper
Fixed-rate loans amplify monetary policy impact on bank lending
A Banco de España working paper finds that heterogeneity in banks' interest-rate risk exposure significantly shapes monetary policy transmission.