Bank for International Settlements
Bank supply shocks significantly impact firm investment in euro area
This study investigates how credit supply shocks impact firm-level investment across the euro area using the novel AnaCredit database.
Focus
Euro area fiscal policy reacts to monetary policy, debt, and economic cycles
A new working paper examines how fiscal policy in the euro area reacts to monetary policy, government debt, and the business cycle from 1999-2019.
Structural shocks drive euro area growth-at-risk asymmetry
A new BIS working paper investigates how structural shocks impact the joint distribution of future real GDP growth and inflation in the euro area.
Latest
Research finds CoCos better replace debt than equity in banks
A new European Central Bank working paper develops a model of contingent convertible debt (CoCos), concluding they perform better when replacing corporate debt than common equity.
Monetary and macroprudential tightening reshapes Czech mortgage market
A new working paper examines how mortgage lending in the Czech Republic adjusted between 2020 and 2023 when higher interest rates coincided with tighter borrower-based regulatory constraints.
BIS official examines money's coordination role and decentralization challenges
Hyun Song Shin, Economic Adviser at the Bank for International Settlements, explored the historical function of money as a coordination device and its implications for the current decentralization agenda.
More Topics
BIS Project FuSSE explores modular design for scalable settlement engines
The Bank for International Settlements (BIS) has published Project FuSSE, a proof of concept exploring how modular, microservices-based architectures can support flexible, scalable, and secure settlement systems.
BIS reports 7% dollar, 11% euro credit growth in Q3 2025
The Bank for International Settlements (BIS) reported that foreign currency credit in dollars grew by 7 percent year-on-year at end-Q3 2025.
BIS reports global cross-border bank claims reach $45 trillion
Global cross-border bank claims expanded by $832 billion in the third quarter of 2025, reaching $45 trillion, the Bank for International Settlements (BIS) reported.
BIS FSI expands global supervisory support and digital tools in 2025
The Financial Stability Institute (FSI) of the Bank for International Settlements (BIS) strengthened global financial systems in 2025 through expanded policy work, outreach, and capacity development.
BIS paper develops tractable menu cost model with aggregate markup drift
A new Bank for International Settlements (BIS) working paper extends the menu cost model by introducing a drift in the aggregate markup.
DAG-Based Local Projections
The provided source document contains unreadable content, preventing the extraction of a meaningful lead summary.