FSBPaper
FSB flags rising vulnerabilities in private credit market
The Financial Stability Board (FSB) warns of growing vulnerabilities in the rapidly expanding private credit market.
AI Paper Curation
ECBPaper
Physical climate risk raises bank credit risk, alters lending
A new ECB working paper finds that physical climate risk from floods persistently increases bank credit risk and temporarily alters lending activity.
ECBPaper
Q-learning, LLM investors pose new financial stability risks
A new ECB working paper finds that artificial intelligence investor behavior fundamentally alters financial fragility.
BISPaper
Carry trades amplify exchange rate response to policy tightening
A new BIS Bulletin finds that currency carry trade activity can significantly shape the exchange rate response to monetary policy.
RBNZPaper
Financial system resilient amid heightened global risks
The Reserve Bank of New Zealand's latest Financial Stability Report finds the country's financial system resilient despite heightened global risks.
FSBPaper
ECBPaper
Proposals to strengthen non-bank financial regulation
The European Central Bank's Financial Stability Committee task force proposes strengthening macroprudential regulation for non-bank financial intermediation.
BISPaper
ESRB paper clusters funds, flags LDI leverage and liquidity
An ESRB Occasional Paper introduces a clustering method for investment funds, identifying 12 distinct cohorts from over 10,000 alternative investment funds.
BISPaper
CHNV program reduces unauthorized immigration, study finds
A new working paper from the Federal Reserve Bank of Dallas indicates that the CHNV humanitarian parole program had mixed effects on unauthorized immigration.
ECBPaper
ECB cyber stress tests boost bank investment by 80 percent
The European Central Bank's 2024 Cyber Resilience Stress Test (CyRST) significantly increased cybersecurity investment among 'laggard' European banks.
ECBPaper
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.
BDEPaper
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.