BOE
Paper
Global CCP default simulation tests client porting, finds friction
Thirty-eight central counterparties (CCPs) and their members conducted the largest-ever global default simulation in November 2025.
AI Paper Curation
BOE
Paper
SME lending: Capital rules, asymmetric info drive bank competition
A Bank of England working paper analyzes how risk-based capital requirements influence competition and credit allocation in the UK unsecured SME lending market.
BOE
Paper
SME lending returns lower for UK banks due to costs, not capital
Analysis of large UK banks by the Bank of England reveals that SME lending yields the lowest return-on-equity compared to retail and large corporate lending.
BIS
Paper
Stablecoin yields on exchanges: Two models, distinct risks
Centralised exchanges remunerate stablecoin holders through two distinct models, reserve-based and activity-based, which imply different risk exposures and macro-financial implications.
BOE
Paper
BoE scenario: Severe global recession hits private markets
The Bank of England has published a hypothetical scenario outlining a severe global supply and geopolitical shock leading to a deep recession.
BOE
Paper
BOE
Paper
Travel restrictions cut global trade by 23% in 2020 Q2
A Bank of England working paper finds that Covid-19 travel restrictions significantly increased trade costs, reducing global trade by approximately 23% in 2020 Q2. The effects were heterogeneous, impacting closer partners and road/air transport more.
BOC
Paper
AI economy grew over 2000% in 2024-25
A Bank of Canada working paper estimates quality-adjusted AI output grew over 2000% annually in 2024 and 2025.
BOC
Paper
Market Power, Privacy, Welfare: The Three Levers of CBDC Design
Bank of Canada researchers study the optimal design of a central bank digital currency (CBDC) in an economy where private payment providers monetize transaction data and may have market power.
BDF
Paper
Chronic, acute heat reduce French SME loan growth
A Banque de France working paper finds that both chronic temperature increases and acute heat days significantly reduce loan growth to French micro and SME firms.
BOE
Paper
BOE Court addresses cyber threats, project governance, Leeds expansion
The Bank of England's Court of Directors met on April 23, 2026, to review updates on cyber security, project governance, and the expansion of its Leeds office.
CBI
Paper
Irish economy resilient, but Mideast conflict fuels inflation
The Central Bank of Ireland has revised its domestic growth forecast upwards to 3.3 percent for 2026, citing strong investment.