Brexit: Trade diversion due to trade policy uncertainty
Bank of Spain Working Papers by Eduardo Gutiérrez, Aitor Lacuesta and César Martín Machuca
Natural rate chimera and bond pricing reality
European Central Bank Working Papers by Claus Brand, Gavin Goy and Wolfgang Lemke
What goes around comes around: How large are spillbacks from US monetary policy?
European Central Bank Working Papers by Max Breitenlechner, Georgios Georgiadis and Ben Schumann
Are Bank Bailouts Welfare Improving?
Bank of Canada Working Papers by Malik Shukayev and Alexander Ueberfeldt
The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey
Bank of Canada Working Papers by Alexander Hodbod, Cars Hommes, Stefanie J. Huber and Isabelle Salle
Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates?
Czech National Bank Working Papers by Jin Cao, Valeriya Dinger, Tomas Gomez, Zuzana Gric, Martin Hodula, Alejandro Jara, Ragnar Juelsrud, Karolis Liaudinskas, Simona Malovana and Yaz Terajima
Democratic Political Economy of Financial Regulation
Bank of Canada Working Papers by Igor Livshits and Youngmin Park
Bitcoin Adoption and Beliefs in Canada
Bank of Canada Working Papers by Daniela Balutel, Christopher Henry, Jorge Vásquez and Marcel Voia
What does digital money mean for emerging market and developing economies?
by Erik Feyen, Jon Frost, Harish Natarajan and Tara RiceProposals for global stablecoins have put a much-needed spotlight on deficiencies in financial inclusion and cross-border payments and remittances in emerging market and developing economies (EMDEs).
Non-bank financial intermediaries and financial stability
by Sirio Aramonte, Andreas Schrimpf and Hyun Song ShinWe develop a risk accounting framework that describes how NBFIs’ risk-taking capacity evolves during periods of market distress.