Monetary Policy, Inflation Outlook, and Recession Probabilities Why does the short-term slope of the yield curve predict recessions? We explore the economic forces underlying Treasury yields’ fluctuations and highlight the roles of a tight monetary policy stance and expectations of l .. more FRB of Chicago (2022-07-18) |
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Stress tests and capital requirement disclosures: do they impact banks' lending and risk-taking decisions? How do banks respond to changes in capital requirements as a result of the stress tests? Does the disclosure of stress test results matter? To answer these questions, we study the impact of European stress tests on banks .. more ECB (2022-07-12) |
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Options for access to and interoperability of CBDCs for cross-border payments For central bank digital currencies (CBDCs) to improve cross-border payments, central banks must make fundamental decisions on foreign access and how CBDCs connect across jurisdictions. These decisions must be made at an .. more BIS (2022-07-11) |