BDIPaper
Safe stablecoin backing does not guarantee redemption at par
Safe assets alone do not ensure stablecoins trade at par, Giuseppe Ferrero argues in Bank of Italy Occasional Paper No. 1069, published October 13, 2026.
AI Paper Curation
BDEPaper
Spanish firms cut median debt ratio from 47 to 7 percent
Spanish non-financial firms reduced median debt-to-assets ratios from 47 to 7 percent between firm-specific peaks and troughs during 2007-2024.
FSBPaper
Eight principles aim to preserve financial resilience
Eight proposed principles would guide regulatory and supervisory modernisation without reducing resilience.
FSBPaper
Policy design adds obstacles to global financial reform
National conditions dominate reform implementation gaps, but policy design also adds obstacles, the Financial Stability Board (FSB) finds.
BDIPaper
Inventories cushioned a 12 million barrel daily Hormuz shortfall
Inventories and emergency releases limited price increases despite the Hormuz supply disruption, according to a Bank of Italy paper published October 13, 2026.
BDIPaper
BDIPaper
Outside owners strengthen growth in Italian family firms
Employment rises by over 5 percent within three years when Italian family firms transfer control to outsiders.
BDIPaper
Italian negotiated wages lose 1.3 percent in real terms since 2000
Negotiated wages in Italy rose 61.2 percent nominally between 2000 and 2025 but lost purchasing power.
BDIPaper
Vector retrieval beats hybrid RAG in economic bulletin drafting
Vector retrieval outperformed hybrid retrieval across 11 Economic Bulletin chapters in Giuseppe Bruno's Bank of Italy paper No. 1071, published October 13, 2026.
BDIPaper
Persistent supply shocks drove Italy's investment weakness
Persistent supply shocks dominated Italy's investment weakness in 2008–2019, while demand drove the post-pandemic recovery.
BDIPaper
Court leadership turnover slows bankruptcy delays and expands credit
Court-president turnover slows the growth of bankruptcy delays and expands bank lending in Italy.
FEDPaper
High debt amplifies inflation volatility through firms' attention
Raising debt from 100 to 175 percent of GDP increases inflation volatility by about 20 percent in Oliver Pfäuti and Edson Wu's model.