BISPaper
Geopolitical risk fragments capital flows, hinders risk-sharing
A new working paper finds that high geopolitical risk leads to financial fragmentation, redirecting bilateral official lending towards allied countries.
AI Paper Curation
DKNBPaper
Danish financial sector stress test reveals resilience gaps
Danmarks Nationalbank and the Danish Financial Supervisory Authority conducted a sector-level stress test of operational resilience in 2025.
FEDPaper
Study links Fed survey to credit card mail offers
Federal Reserve researchers link the Senior Loan Officer Opinion Survey (SLOOS) with credit card mail offers.
BDFPaper
Past hyperinflation shapes current Austrian price outlook
A new Banque de France working paper reveals that regions more exposed to Austria's 1921-22 hyperinflation still report higher inflation expectations a century later.
DNBPaper
DNB study reveals uneven deposit rate pass-through
A new working paper from De Nederlandsche Bank investigates how market rates transmit to bank deposit rates in the euro area.
BISPaper
DNBPaper
Bank valuation rises with capital buffers, risk channel dominates
A De Nederlandsche Bank (DNB) working paper finds that unexpected increases in macroprudential capital buffers lead to a short-run decline in bank price-to-book ratios, followed by a sustained increase.
EBAPaper
EBA review finds high Pillar 3 compliance, urges consistency
The European Banking Authority's peer review found high compliance among competent authorities in implementing and supervising Pillar 3 disclosure requirements.
RIKSBANKPaper
Norges Bank appears to favour real economy, Riksbank finds
After the post-pandemic inflation surge, Sweden and Norway have seen diverging inflation rates and monetary policy approaches.
BOKPaper
Project Hangang: Unified ledger handles 80,000 retail users
The Bank of Korea's Project Hangang successfully conducted live retail transactions with 80,000 users using tokenised deposits.
BISPaper
Two-country models cannot match markups, switching and pass-through
A new working paper identifies a fundamental trilemma in two-country DSGE models.
SARBPaper
SARB framework creates sustained money market surplus
The South African Reserve Bank (SARB) introduced a new surplus-based monetary policy implementation framework in June 2022, leading to sustained surplus liquidity in the banking system.