BCB
Paper
Brazil's central bank cuts Selic rate to 14.75 percent
The Banco Central do Brasil (BCB) has cut its benchmark Selic interest rate by 25 basis points to 14.75 percent.
AI Paper Curation
ECB
Paper
Network analysis reveals euro area financial links, bank centrality
A new European Central Bank working paper uses network analysis to map financial interconnections in the euro area economies.
BDE
Paper
Deposit channel compels banks to optimize risk-return trade-off
A Banco de España working paper shows that the deposit channel of monetary policy compels banks to optimize their risk-return trade-off.
BIS
Paper
Stablecoins reshape global finance, EMDEs face risks
A new Bank for International Settlements (BIS) paper examines the profound impact of stablecoins on the international monetary and financial system.
FED
Paper
CRE loan extensions address temporary strains, not evergreening
A Federal Reserve paper finds that commercial real estate (CRE) loan extensions predominantly address temporary payment frictions, not 'extend-and-pretend' behavior.
BCB
Paper
DNB
Paper
Non-linear Phillips curves reshape euro area monetary policy
A DNB working paper proposes a New Keynesian model where price and wage Phillips curves exhibit true curvature.
BIS
Paper
BIS paper advocates supervisory risk appetite frameworks
The Bank for International Settlements (BIS) has published a paper advocating for supervisory risk appetite frameworks (RAFs).
ECB
Paper
Inequality shapes US policy spillovers, diverts in AEs/EMEs
A new ECB working paper finds income inequality significantly alters how US monetary policy spillovers affect foreign GDP.
DNB
Paper
Geopolitical risks challenge Dutch economy, DNB warns
De Nederlandsche Bank's Annual Report 2025 highlights the Dutch economy's resilience amidst global crises but warns of rising geopolitical risks and structural challenges.
BIS
Paper
Monetary policy, DTI, race: Key factors in mortgage denial
A Federal Reserve Bank of St. Louis working paper analyzes 30 million mortgage applications from 2018–2024, identifying monetary policy, debt-to-income ratios, and racial disparities as key determinants of mortgage denial.
BIS
Paper
New index identifies inflation shock momentum, forecasts PCE
Federal Reserve Bank of San Francisco economists developed a new 'Inflation Shock Momentum' (ISM) index.