Bank for International Settlements
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.
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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.
Stablecoins reshape global finance, EMDEs face risks
A new Bank for International Settlements (BIS) paper examines the profound impact of stablecoins on the international monetary and financial system.
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BIS paper advocates supervisory risk appetite frameworks
The Bank for International Settlements (BIS) has published a paper advocating for supervisory risk appetite frameworks (RAFs).
Monetary policy, DTI, race: Key factors in mortgage denial
A Federal Reserve Bank of St. Louis working paper analyzes 30 million mortgage applications from 2018–2024, identifying monetary policy, debt-to-income ratios, and racial disparities as key determinants of mortgage denial.
New index identifies inflation shock momentum, forecasts PCE
Federal Reserve Bank of San Francisco economists developed a new 'Inflation Shock Momentum' (ISM) index.
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Module design, prior knowledge predict K-12 online dropout
A Federal Reserve Bank of St. Louis study identifies module length, prior knowledge, and embedded assessments as key predictors of student dropout in online K-12 education.
Tabaković: Recessions disillusion more than wars, act on demographics
Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, emphasized that demographic changes require strategic policy responses to avoid economic repercussions.
Balz on cash, digital euro as pillars of payment resilience
Burkhard Balz of the Deutsche Bundesbank discussed the complementary roles of cash and the digital euro in ensuring payment system resilience.
Patsalides: Digital Euro needs trust, balance, implementation
Christodoulos Patsalides, Governor of the Central Bank of Cyprus, outlined the strategic importance of the digital euro, emphasizing the need for trust, balance, and effective implementation.
Czech National Bank tests Bitcoin in foreign exchange portfolio
Aleš Michl, Governor of the Czech National Bank, discussed the institution's conservative monetary policy and its innovative approach to foreign exchange reserves, including a test portfolio with Bitcoin.
ECB holds rates, sees intensified inflation and growth risks
The European Central Bank's Governing Council decided to keep its three key interest rates unchanged.