ECB Data Blog Post by Milena Matteo, Antonio Rodríguez Caloca and Chiara Torri The ECB has released new data that provides additional insights on the characteristics of euro area cross-border portfolio investment positions in debt securities. The blog post focuses on the breakdowns by risk class, sustainability type, and currency of denomination. Link: ECB Data[…]
EBA Blog Post by José Manuel Campa and Isabel Schnabel “European and national authorities have joined forces with banks to integrate reporting requirements across Europe. This will reduce costs for banks and improve data quality. In this blog post we describe the European integrated reporting initiative and present some initial results.” Link: EBA Blog Post:[…]
VoxEU Columnby Kevin O’Rourke & Roger Vicquery “The collapse of the Bretton Woods system has traditionally been cited as heralding a major shift towards floating exchange rates. The extent of this transition has recently been challenged. This column introduces a new index of global exchange rate fixity which is invariant to country boundaries and accounts[…]
In-Depth Analysis requested by the European Parliament’s ECON Committeeby Thorsten Beck, Brunella Bruno & Elena Carletti Abstract “The analysis compares the competitiveness of European banks to their US counterparts. It highlights structural differences between the two systems, particularly Europe’s reliance on traditional bank intermediation versus US’s market-based model. European banks generally lag in profitability and[…]
ECB Macroprudential Bulletin Issue 29 “Monitoring changes in real estate lending standards is essential to safeguard financial stability. Our Macroprudential Bulletin analyses their drivers, the risks associated with loose standards and the role of borrower-based macroprudential policies in ensuring sustainable lending practices.” Articles: RRE lending standards and financial stability implicationsA decade of borrower-based measures in[…]
BIS Bulletin No 101by Ryan Niladri Banerjee, Jon Frost, Michael Chui and Jose María Vidal Pastor Key takeaways Link: BIS Bulletin: Elasticity in the monetary system
Speech by Governor Waller on central bank research at the Award Ceremony for the Winners of the Bank Al-Maghrib Prize for Economic and Financial Research, Bank of Al-Maghrib, Rabat, Morocco Link: Speech: The Role of Economic Research in Central Banking
VoxEU Columnby Catherine Casanova, Eugenio Cerutti and Swapan-Kumar Pradhan “Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed since the pandemic. This column shows that while cross-border lending by Chinese banks to their EMDE borrowers was highly correlated with[…]
Bank Underground Blog entry by Simon Whitaker “Digital currencies and the tokenisation of financial assets could speed up the movement of money and assets between institutions and across borders. Historically, the liberalisation of capital flows led to debates about the impact on macroeconomic and financial stability. Bouts of instability – for example the 2008 global financial[…]
ECB Blog entry by Claudia Buch and Isabel Schnabel “This blog post explains the role that the Eurosystem’s refinancing operations play within the ECB’s operational framework. It emphasises that, as excess liquidity becomes less ample, the ECB, both as a monetary policy authority and as a supervisor, expects that banks should consider these operations as an[…]