A new BIS working paper investigates how structural shocks impact the joint distribution of future real GDP growth and inflation in the euro area.
A new European Central Bank working paper develops a model of contingent convertible debt (CoCos), concluding they perform better when replacing corporate debt than common equity.
A new working paper examines how mortgage lending in the Czech Republic adjusted between 2020 and 2023 when higher interest rates coincided with tighter borrower-based regulatory constraints.
The ongoing digitalization of money is fundamentally transforming traditional monetary exchange, leading to new forms of currency competition and potential upheaval in the international monetary system.
The French financial system remains resilient despite increased risks from sovereign debt, highly valued AI assets, and non-bank financial intermediaries.
A new Federal Reserve paper introduces an annualized measure of comprehensive wealth, finding that median household wealth increases throughout retirement primarily for college-educated and White households.
A new Federal Reserve paper explores the implicit preferences of large language models (LLMs) in economic reasoning, revealing structured latent preferences that can be steered.
A joint document from Banca d'Italia, Consob, and Ivass clarifies the accounting treatment under IAS/IFRS for advance stamp duty payments by insurance companies on life policies.
A working group formed by Banca d'Italia, Consob, and Ivass has issued guidance on the accounting treatment for advance payments of stamp duty on life insurance policies.
A new Bank of Japan (BOJ) working paper estimates Japan's trend inflation and its determinants.
The Bank for International Settlements (BIS) has published Project FuSSE, a proof of concept exploring how modular, microservices-based architectures can support flexible, scalable, and secure settlement systems.