ECBPaper
ECB: Judgement shapes bank capital, smooths SREP scores
A new European Central Bank working paper finds that supervisory judgement significantly influences banks' overall SREP scores and Pillar 2 capital requirements.
AI Paper Curation
BDFPaper
FR-BDF model update: French tightening cuts GDP 2 pp, inflation 1.2 pp
The Banque de France has updated its core macroeconomic model, FR-BDF, to reflect recent economic shifts.
ECBPaper
Older workers, migrants drive euro area labor force expansion
The euro area labour force has expanded significantly in recent years, driven by rising participation rates, demographic shifts, and sustained net migration.
BISPaper
BIS study links Battle of Trafalgar to 1805 liquidity crisis
A new Bank for International Settlements (BIS) working paper reveals how the 1805 Battle of Trafalgar triggered a severe global liquidity crisis.
ECBPaper
Biodiversity risk raises bank loan spreads, ECB study finds
A new European Central Bank (ECB) working paper finds that banks incorporate firm-level biodiversity risk into their lending decisions, leading to significantly higher loan spreads for borrowers with greater exposure.
ECBPaper
SNBPaper
Dollar's vehicle role amplifies volatility, study finds
A Swiss National Bank working paper finds that the US dollar's role as a vehicle currency amplifies its own volatility.
ECBPaper
Supply chain uncertainty amplifies energy inflation, challenges policy
A new ECB working paper finds that energy price pass-through to inflation is significantly stronger when supply chain uncertainty is elevated.
ECBPaper
Wildfire cashflow shocks hit firms, trigger distinct financial responses
A new ECB working paper studies the impact of Portugal's 2017 wildfires on hotel cashflows and financial decisions.
BOEPaper
BoE DLT challenge explores wholesale payment design trade-offs
The Bank of England and BIS Innovation Hub's DLT Innovation Challenge explored applying distributed ledger technology to wholesale payments and settlement.
BISPaper
Banking regulation fuels sovereign debt gambling
A new working paper from the Federal Reserve Bank of Philadelphia argues that banking regulation, by designating domestic government debt as safe despite its risk, induces banks to gamble with depositors' funds.
BISPaper
Policy rate hikes raise loan loss rates by 0.1 percentage points
A new Bank for International Settlements working paper finds that a 1 percentage point increase in policy rates raises loan loss rates by 0.1 percentage points.