DKNB
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.
Paper
ECB
Non-banks amplify monetary policy transmission, paper finds
A new European Central Bank (ECB) Occasional Paper finds that non-bank financial intermediaries (NBFIs) tend to amplify monetary policy transmission in the euro area.
ECB
Network structure alters shock propagation, impacts monetary policy
A new ECB Occasional Paper synthesizes research on how production networks and firm heterogeneity influence monetary policy transmission.
ECB
Structural shifts reshape monetary policy transmission
An ECB Occasional Paper surveys research on how ongoing structural change is affecting monetary policy transmission in the euro area.
NORGES
Tight labor markets amplify wage response to policy shocks
A Norges Bank working paper reveals that the transmission of monetary policy to wages is highly nonlinear and asymmetric, with tight labor markets amplifying wage increases from expansionary shocks while downward rigidity limits declines from contractionary shocks.
FED
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.
BDF
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.
DNB
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.
BIS
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.
DNB
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.
EBA
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.