Total assets of credit institutions headquartered in the euro area and EU. Chart 2 Non-performing loans ratio of credit institutions headquartered in the euro area and EU. (percentage) The European Central Bank (ECB) has published the Consolidated Banking Data (CBD) with reference to end-September 2018, a data set of the European Union (EU) banking system…
Summary Focus This paper investigates for-profit central counterparties (CCPs), asking whether their incentives might undermine financial stability. Such CCPs choose how much capital to hold, and set the collateral requirement for their clearing memb...
Chinese consumption over the the Lunar New Year holiday, traditionally one of the main drivers for spending slowed this year as pressure on the economy grows. The annual festival typically kicks off the new year with a spree of spending on travel, shopping,...
Asian markets have started the week with a dip as ongoing U.S.-China trade talks continue to overshadow growth prospects. “We think the market may pause for breath over the coming two to three weeks... While we are still bullish… based on valuations, technicals and the exogenous environment...
Simon Gilchrist and Egon Zakrajsek | The diminished sensitivity of inflation to changes in resource utilization that has been observed in many advanced economies over the past several decades is frequently linked to the increase in global economic inte...
Serafin J. Grundl and Yu Zhu | In laboratory experiments bidding in first-price auctions is more aggressive than predicted by the risk-neutral Bayesian Nash Equilibrium (RNBNE) - a finding known as the overbidding puzzle. Several models have been propo...
The Securities and Exchange Commission today charged Robert Alexander with fraudulently raising approximately $9 million from more than 50 individuals by selling investments in Kizzang LLC, a purported online gaming business. According to the SEC's co...
Antonio Falato, Diana Iercosan, and Filip Zikes | This paper uses detailed high-frequency regulatory data to evaluate whether trading increases or decreases systemic risk in the U.S. banking sector. We estimate the sensitivity of weekly bank trading ne...