BDI
Paper
Middle East conflict darkens global, Italian outlook
The Banca d'Italia's latest Economic Bulletin highlights a worsening global and Italian economic outlook due to the Middle East conflict.
AI Paper Curation
RIKSBANK
Paper
Non-Ricardian behavior shapes monetary-fiscal outcomes
A Riksbank staff memo explores how non-Ricardian behavior influences monetary-fiscal interactions and macroeconomic adjustments.
BDE
Paper
News narratives explain diverging economic uncertainty signals
A Banco de España working paper reveals that economic uncertainty indicators often diverge because each captures a distinct dimension.
BOE
Paper
FPC lowers UK bank capital benchmark to 13 percent
The Bank of England's Financial Policy Committee has lowered its benchmark for system-wide Tier 1 capital requirements to 13 percent of risk-weighted assets.
BIS
Paper
Soft credit lowers volatility but slows growth
A new Federal Reserve working paper finds that policies saving distressed firms reduce economic volatility but also slow long-term growth.
BDI
Paper
BIS
Paper
Large economies have natural advantage in currency dominance
A Philadelphia Fed working paper presents a micro-founded monetary model to study international currency competition.
BIS
Paper
Cyber stress tests: Two approaches to boost bank resilience
The Bank for International Settlements (BIS) highlights that cyber risk stress tests are crucial for enhancing banks' operational resilience.
BIS
Paper
Households time-inconsistent despite individual preferences
A new working paper from the Federal Reserve Bank of Philadelphia presents a model showing that multi-person households are time-inconsistent in consumption and savings, even if individual members have standard time preferences.
ECB
Paper
Bank lending to NBFIs crowds out real economy credit
An ECB working paper reveals that the rapid growth in bank lending to non-bank financial institutions (NBFIs) disproportionately crowds out credit to non-financial firms.
BDE
Paper
Spanish household finances in 2024: income, assets, debt
The Bank of Spain's 2024 Survey of Household Finances details the financial situation of Spanish households at year-end.
BIS
Paper
UK payment systems fully consistent with PFMI, CSDs show gaps
A joint report by the BIS Committee on Payments and Market Infrastructures (CPMI) and IOSCO assesses the United Kingdom's implementation of the Principles for Financial Market Infrastructures (PFMI).