ECB
Tokenised MMFs: Efficiency gains, amplified risks
The market for tokenised money market funds (TMMFs) is rapidly expanding, offering efficiency gains through distributed ledger technology (DLT).
Paper
ECB
Reputation key to anchoring inflation expectations
A new ECB working paper develops a model showing how central bank reputation is crucial for anchoring long-run inflation expectations.
BOE
Dunfermline Building Society resolution transfers assets to Nationwide
The Bank of England has published an operational guide detailing the 2009 resolution of Dunfermline Building Society.
BDF
FX hedging drove US dollar weakness in April 2025
Currency hedging by non-US investors significantly contributed to the US dollar's weakness in April and May 2025.
ECB
Five measures to integrate EU digital capital markets
An ECB Occasional Paper proposes five key measures to foster a single, integrated digital capital market in Europe.
ECB
Stablecoins transform bank liquidity, impact capital ratios
An ECB Occasional Paper examines how stablecoin issuance and related deposits affect banks' capital and liquidity ratios.
ECB
ECB: Digital innovation requires robust policy framework
The European Central Bank's Macroprudential Bulletin highlights the transformative potential of tokenisation and distributed ledger technology.
ECB
Tokenised bonds reduce borrowing costs, improve liquidity
A new European Central Bank study finds that tokenised bonds reduce borrowing costs and improve market liquidity.
BOC
Endogenous uncertainty can turn supply shocks deflationary, amplifying output decline
A Bank of Canada working paper finds that endogenous uncertainty can turn negative supply shocks deflationary, amplifying output decline.
BDF
Poverty regulation effectiveness varies by government level in Spain
A Banque de France working paper analyzes the effectiveness of poverty-related regulations implemented in Spain between 2007 and 2021.
BOE
Cross-border bank lending boosts domestic economic productivity
A new Bank of England working paper finds that increased cross-border lending by domestic banks significantly enhances the productivity of the domestic real economy.