A new ECB Working Paper reveals that contractionary monetary policy shocks lead to higher homeowners insurance prices.
A new European Central Bank working paper finds that asset management companies (AMCs) effectively stabilize credit by purchasing nonperforming loans (NPLs) and breaking the feedback loop between default rates and lending costs.
A new Bank of Italy working paper assesses the impact of climate-related physical risks on the one-year probability of default (PD) for Italian non-financial firms.
A new working paper from De Nederlandsche Bank (DNB) finds that relaxing regulatory limits on intragroup exposures can amplify risk-taking by multinational banking groups.
A Hong Kong Monetary Authority study finds that increased stablecoin transaction flows significantly raise exchange rate volatility in emerging market economies.
A new ECB working paper compares several multi-sector monetary models to analyze the macroeconomic effects of carbon-intensive energy price changes.
A new ECB working paper introduces a novel Macro-Finance Financial Conditions Index for the euro area.
A Federal Reserve study by Nathan Blascak and Anna Tranfaglia reveals a persistent, though economically small, gender gap in bankcard credit limits for sole mortgage applicants.
A new ECB working paper finds that euro area banks generally tightened mortgage lending standards around the implementation of borrower-based macroprudential measures.
The largest artificial intelligence (AI) firms, based primarily in the United States and China, are increasingly dominating the global AI supply chain.
A new ECB Working Paper introduces a least-squares filter for efficiently extracting unobserved shocks in linear sequence-space models.