ECBPaper
Non-bank groups test EU regulatory perimeter, new oversight proposed
An ECB Occasional Paper examines how large non-bank groups providing bank-like services challenge the European Union's regulatory perimeter.
AI Paper Curation
BISPaper
Capacity utilization drives state-dependent labor tax effects on hours
A new BIS working paper develops a business cycle model demonstrating that the aggregate hours elasticity is higher in recessions.
ECBPaper
EU carbon pricing cuts emissions and drives green M&As
A new European Central Bank working paper finds that tighter EU climate regulation led high-emission firms to cut emissions and acquire greener targets.
BISPaper
Digital payments reshape markets, incumbents retain dominance
A new Bank for International Settlements (BIS) bulletin examines the rapidly evolving landscape of retail digital payments.
BISPaper
Mortgage lock-in reduces sellers, but lower rates tighten markets
A new working paper from the Federal Reserve Bank of Philadelphia finds that elevated mortgage rates cause homeowners to delay selling, reducing transaction volumes.
ECBPaper
BDFPaper
Regulation fosters Bitcoin price convergence, deters illicit use
A Banque de France working paper finds that cryptocurrency regulation significantly impacts Bitcoin price deviations across countries.
BOEPaper
Central bank narratives shape media, move inflation expectations
A Bank of England working paper finds central bank communication shapes media coverage and influences household inflation expectations.
BOEPaper
NBFI funding to banks shifts from cheap to costly
Non-bank financial institutions (NBFIs) provide significantly more overnight liquidity to UK banks than traditional interbank lenders, a new Bank of England paper finds.
CBRPaper
QUIET: Search data reveals Russian household inflation views
A new Central Bank of Russia study introduces QUIET, an indicator of household inflation expectations for Russia and its regions, derived from search engine data.
BISPaper
Colombian provisioning rules lift resilience without cutting credit
The Superintendence of Finance of Colombia introduced higher provisioning requirements for long-term consumer loans in January 2023.
BOEPaper
Offshore hedge funds drive rising non-bank default risk in UK
A Bank of England note maps and quantifies non-bank default risk in key UK financial markets.