Bank for International Settlements
Analytical shortcut solves dynamic distribution in fixed cost models
A Kansas City Fed working paper provides an analytical solution to the Kolmogorov forward equation for fixed cost models.
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MAS posts S$20 billion net profit as Singapore GDP grows 6 percent
The Monetary Authority of Singapore reported economic growth of 6.0 percent in the first half of 2026, driven by expansion in global AI investment.
Non-bank clearing expansion increases systemic risks, Beau warns
Banque de France First Deputy Governor Denis Beau called for stronger oversight of central counterparties amid growing non-bank participation and technological risks.
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Greek bank NPLs drop to 3.4 percent as RRF loans reach 13 billion
Bank of Greece Governor Yannis Stournaras highlighted the transformation of the domestic banking sector, where non-performing loan ratios dropped to 3.4 percent and capital adequacy reached 20 percent, while urging structural reforms to sustain growth beyond the EU recovery facility.
Local central bank presence vital despite digital tools, Balz says
Deutsche Bundesbank board member Burkhard Balz marked the 40th anniversary of the central bank's New York representative office on July 7, 2026.
Kganyago defends 3 percent inflation target after oil price shock
South African Reserve Bank Governor Lesetja Kganyago reaffirmed the central bank's commitment to its new 3 percent inflation target during the 106th Annual General Meeting.
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Kganyago defends May rate hike to anchor 3 percent target
South African Reserve Bank Governor Lesetja Kganyago defended the central bank's May rate increase, citing a supply shock that pushed up inflation expectations.
Supply shocks keep Australian inflation above target, Bullock warns
Reserve Bank of Australia Governor Michele Bullock warned that recurring supply shocks and persistent capacity pressures keep inflation above the 2 to 3 percent target, noting headline inflation reached 4.0 percent in May.
Deeper capital markets needed for 2047 growth, Jain says
Reserve Bank of India Deputy Governor Rohit Jain urged financial institutions to help build deeper bond, derivative, and money markets to support the country's economic ambitions for 2047.
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.
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.
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.