Research
Dollar’s centrality in FX markets makes it more volatile – study
Greenback’s use as ‘vehicle currency’ makes it more sensitive to external shocks, economists say
Instant payments gaining volumes from RTGS – BoE study
Move may be driven by demand for rapidly available funds and lower payment fees, say authors
NBFI oversight ‘no longer adequate’, say BdF economists
Researchers call for stronger supervision of non-bank sector ‘before risks actually materialise’
Cash remains king during extreme weather events – study
Payment system resilience relies on fallback options during digital outages, authors argue
Regulators must adapt to monitor AI risks in payments – paper
IMF authors point to tension between probabilistic agents and payment systems’ deterministic needs
BIS paper sounds alarm on gaps in crypto intermediary regulation
International co-operation a challenge as expanded activities risk contagion, authors say
Hedge ratios help explain swings in dollar – BIS study
Data on eurozone funds helps explain currency’s reaction to tariff announcements, authors say
Firms slowest to adjust to Sarb’s new price target – paper
Memories of post-pandemic inflation surge linger, researchers say
IMF paper examines how to make stablecoins more stable
Authors propose ways of reducing run risks without removing incentives for issuance
Algorithmic pricing not yet a ‘menace’ to inflation – BoE study
Dynamic and personalised pricing may upend CPI measurements and expectations, research says
Crypto assets behave more like investments than money – study
Most owners are not using securities for payments and turn to cash in times of uncertainty
NY Fed blog explores two sides of monetary policy
Short-term rates and balance sheet size both strongly affect money market conditions, study finds
Retail CBDCs may not stop spread of stablecoins – SNB paper
Researchers argue access to central clearing would help boost singleness of money
ECB study finds concentrated power in DeFi
Authors say all crypto services should fall under Micar, as full decentralisation does not exist
Exporters to US paying only 5% of Trump’s tariffs – ECB research
Data shows stateside consumers bearing brunt of costs from levies on imports
Dollar still ‘special’ but Treasuries losing shine – NBER paper
Authors show ‘strong divergence’ between global roles of greenback and US government bonds
Stablecoin demand transmits to FX markets – BIS paper
Inflows into digital assets make acquiring dollars via swap markets more expensive, authors find
Debt metrics fail to reflect financial instability – BIS paper
Author says standard measures of government debt sustainability omit key market dynamics
Deposit insurance only one part of safety net – IMF study
Co-operation with resolution regime crucial to effective protection, researchers say
‘Rolling windows’ method may help evaluate big data forecasts
Barbara Rossi presents new approach at ECB’s AI conference
BIS study uncovers credit crunch driven by geopolitics
Paper finds that lending recovers more slowly than trade following shock events