Bank for International Settlements
Ueda: Oil shocks test inflation regimes, initial conditions key
Bank of Japan Governor Kazuo Ueda stated that oil price shocks are a test of the entire inflation regime, not just an isolated event.
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Villeroy de Galhau: Supervision must simplify, boost competitiveness
Banque de France Governor François Villeroy de Galhau reviewed a decade of banking supervision, calling for simplification and increased competitiveness in the European financial sector.
Bailey: AI as next general-purpose technology
Bank of England Governor Andrew Bailey explored the UK's economic growth slowdown and the potential for Artificial Intelligence as the next 'general-purpose technology'.
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Capital, liquidity rules stabilize stablecoins
A new Bank for International Settlements working paper models how capital and liquidity thresholds can enhance stablecoin stability.
Global banks grapple with ICT risk, practices diverge
The Basel Committee on Banking Supervision (BCBS) published a report on the range of information and communication technology (ICT) risk management practices across global banks.
ICT risk management practices for banks detailed
The Basel Committee on Banking Supervision has published a report detailing observed information and communication technology (ICT) risk management practices.
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Implicit contracts explain sticky rents and nominal rigidity
A new Federal Reserve Bank of Cleveland working paper by Hugh Montag and Randal J. Verbrugge proposes an implicit-contracts theory to explain the notorious stickiness of continuing-tenant rents.
Double trigger drives European mortgage default, institutions matter
A new working paper from the Oesterreichische Nationalbank finds that the 'double trigger' of liquidity stress and negative equity is the strongest predictor of mortgage default in Europe.
New CPI series reveals higher US rental inflation 1914-2006
A new working paper from the Federal Reserve Bank of Philadelphia constructs a revised Consumer Price Index for 1914-2006, revealing significantly higher rental price inflation than official estimates.
Nonresponse in BLS Housing Survey biases CPI shelter inflation
A new working paper examines how nonresponse in the BLS Housing Survey affects the accuracy of US CPI shelter inflation.
Study: Fee caps can boost rewards, cross-subsidies in payment networks
A new Federal Reserve Bank of Philadelphia working paper reveals that capping interchange fees can increase cardholder rewards and intensify cross-subsidization in payment networks, particularly when consumer demand is inelastic.
Fannie Mae algorithm creates 50% DTI cliff, denies home buyers
A Federal Reserve Bank of St. Louis study reveals Fannie Mae's automated underwriting creates a 50% debt-to-income (DTI) threshold, causing a 7.5-percentage-point jump in mortgage denials.