Bank for International Settlements
BISPaper
Zoning expanded single-family land share and raised lot sizes
A Federal Reserve Bank of Philadelphia working paper shows that historical zoning regulations in Cook County systematically expanded single-family land use while reducing apartments and mixed-use commercial space between 1921 and 1980.
Focus
BISPaper
Deflation and rigid wage setting suppress Japanese real pay gains
A Bank of Japan working paper shows that prolonged deflation and labor market frictions suppressed Japanese real wage growth over the past three decades.
BISPaper
AI diffusion lowers industry concentration after initial rise
A Federal Reserve Bank of San Francisco working paper finds a hump-shaped relationship between artificial intelligence adoption and industry concentration.
Latest
BISPaper
Low term premia push bank maturity gap to 5.7 years
A San Francisco Fed working paper shows U.S. bank maturity mismatch more than tripled since the mid-1980s to 5.7 years in 2022.
BISPaper
Portugal public capital loss creates 1.4 percent GDP growth drag
A St. Louis Fed study shows Portugal's public capital stock fell 13.3 percent between 2013 and 2024, shrinking the capital-to-GDP ratio from 77.2 to 53.8 percent.
BISPaper
321 bottleneck products threaten Japanese manufacturing output
A Bank of Japan study analyzing 105,481 transaction relationships across 15,022 firms reveals that 321 bottleneck products pose severe macroeconomic risks.
More Topics
BISPaper
Downstream investment and focal firm pay drive supply chain spending
A Bank of Japan working paper finds that firm spending behavior in Japanese manufacturing is tightly linked along supply chains.
BISPaper
Only eight of 43 supervisors operate fully integrated IT platforms
A Bank for International Settlements survey of 43 financial authorities reveals that only eight have fully integrated their supervisory information systems.
BISPaper
Shift to domestic debt raises African interest burdens to 14 percent
African economies face mounting debt service burdens as higher interest rates on domestic currency borrowing offset recent fiscal gains.
BISSpeech
Quantum technology to break bank encryption in years, Yuen warns
HKMA Deputy Chief Executive Arthur Yuen urged banks to prepare for quantum computing risks and adopt post-quantum cryptography.
BISSpeech
Panetta warns structural shifts complicate policy transmission
Banca d'Italia Governor Fabio Panetta warned that geopolitical fragmentation, energy shocks and artificial intelligence are altering monetary policy transmission.
BISSpeech
Mnisi warns of oil price risks as Namibia leaves FATF grey list
Central Bank of Eswatini Governor Phil Mnisi opened the Common Monetary Area Governors Meeting by highlighting Namibia's removal from the FATF grey list on June 19, 2026.