by Clive Jackson and Samo Boh For example, securitisation and other loan transfers can change the outstanding amounts of loans on bank balance sheets, even though they do not affect the actual financing that has been provided to the real economy. Cash pooling, which is offered by banks to help corporate groups manage their liquidity[…]

BIS Annual Economic Report Chapter 3 by Hyun Song Shin Link: BIS Annual Economic Report Chapter 3: Artificial intelligence and the economy: implications for central banks

VoxEU Columnby Stephen Cecchetti & Jens Hilscher Central banks engaged in large-scale asset purchase programmes during and after the global financial crisis as well as during the COVID-18 pandemic, significantly increasing the size of their balance sheets. This column develops a framework for understanding the medium- and long-run implications of the losses arising from these[…]