ECB
Euro area banks vulnerable to nature degradation risks
A new European Central Bank study reveals that 75 percent of euro area corporate loan exposures are highly dependent on ecosystem services.
Paper
BIS
Robot adoption and ICT investment show context-dependent employment effects
A new Bank for International Settlements working paper finds that robot adoption and ICT investment jointly shape sectoral employment across 20 EU countries from 1995 to 2020.
CBI
CBI launches discussion on DLT and tokenisation in finance
The Central Bank of Ireland has issued a Discussion Paper on Distributed Ledger Technology (DLT) and tokenisation in financial services.
BDE
Green regulation fosters innovation, but fragmentation hinders it
A Banco de España working paper finds that national green regulations positively impact firm innovation in Spain, while regulatory fragmentation at the regional level can diminish these benefits.
BDI
Quantum reordering optimizes liquidity in TARGET2 payments
Banca d'Italia researchers applied a quantum reordering technique to Italian payments in TARGET2, achieving average daily liquidity savings of EUR 23 million to EUR 38 million.
BIS
Study compares post-pandemic inflation drivers in Japan and U.S.
A Bank of Japan working paper compares post-pandemic inflation dynamics in Japan and the U.S. using a structural vector autoregression model.
BIS
Political ambition, not donor polarization, drives agenda divergence
A new working paper from the Federal Reserve Bank of Philadelphia shows that despite donor polarization, political candidates' agendas converge in a canonical model.
FED
Top one percent income mobility significantly lowers inequality measures
A Federal Reserve study reveals significant income mobility within the top one percent in the U.S., with one-third exiting after a year and two-thirds after a decade.
FED
AI-powered index quantifies deregulation's economic impact
Federal Reserve economists have developed a news-based index of deregulation for the United States from 1960 to 2025 using large language models.
BOC
Efficient estimators enhance stochastic volatility models with heavy tails
A Bank of Canada staff working paper introduces simple and efficient estimators for stochastic volatility models with heavy-tailed error distributions.
BOC
Quantitative easing linked to increased security lending facility use
A Bank of Canada working paper finds a close link between quantitative easing expansion and higher usage of securities lending facilities, based on detailed Swedish data.