Date published | SUERF | Issue | Title | Author(s) |
Mar 2023 | Policy Brief | No 552 | The euro interest rate swap market: Recent trends in trading activity and liquidity | Federico Babbi, Immo Frieden, Martin Scheicher |
Mar 2023 | Policy Brief | No 549 | CCPs United: the hidden dangers of shared clearing membership | Luitgard A. M. Veraart, Iñaki Aldasoro |
Mar 2023 | Policy Brief | No 544 | Using machine learning to measure financial risk in China | Alexander Al-Haschimi, Apostolos Apostolou, Andres Azqueta-Gavaldon, Martino Ricci |
Mar 2023 | Policy Brief | No 542 | Issuing bonds during the Covid-19 pandemic: is there an ESG premium? | Fabrizio Ferriani |
Mar 2023 | Policy Note | No 303 | Energy shocks and corporate performance, the case of Croatia | Ivan Huljak |
Feb 2023 | Policy Brief | No 519 | Borrower-based regulations push housing demand towards the suburbs | Rikke Rhode Nissen, Alessandro Tang-Andersen Martinello, Simon Juul Hviid, Christian Sinding Bentzen |
Feb 2023 | Policy Brief | No 517 | Stock Return Predictability: Comparing Macro- and Micro-Approaches | Arthur Stalla-Bourdillon |
Feb 2023 | Policy Brief | No 516 | A scientific illusion in risk management? | José María Roldán |
Feb 2023 | Policy Brief | No 514 | Fund Flow Externalities Under the Microscope | Daniel Fricke, Stephan Jank, Hannes Wilke |
Jan 2023 | Policy Brief | No 511 | Eurozone Government Bond Spreads: A Tale of Different ECB Policy Regimes | Sylvester C W Eijffinger, Mary Pieterse-Bloem |
Jan 2023 | Policy Brief | No 506 | Is it easy to hide money in the crypto economy? The case of Russia | Armin Ahari, Johannes Duong, Jakob Hanzl, Elsa Maria Lichtenegger, Lukas Lobnik, Andreas Timel |
Jan 2023 | Policy Brief | No 501 | Going native? How crypto technology may help regulators | Claudia Biancotti |
Dec 2022 | Policy Note | No 293 | The EU macroprudential review should prioritize removing regulatory overlaps and increasing the flexibility of the CCyB | Stefan W. Schmitz, Michaela Posch, Peter Strobl |
Dec 2022 | Policy Brief | No 496 | New Frontiers in Monetary Policy Communication: Discovering Central Bank Tweeting | Donato Masciandaro, Oana Peia, Davide Romelli |
Dec 2022 | Policy Brief | No 495 | Asset Purchases and Sovereign Risk Premia in the Euro Area during the Pandemic | Robert Blotevogel, Gergely Hudecz, Elisabetta Vangelista |
Dec 2022 | Policy Brief | No 487 | Pricing of green bonds – drivers and dynamics of the greenium | Allegra Pietsch, Dilyara Salakhova |
Dec 2022 | Policy Brief | No 483 | The Links Between Emerging Market Bond Flows, Exchange Rates and Future Financial Conditions | Peter Hördahl, Giorgio Valente |
Nov 2022 | Policy Brief | No 471 | Environmental and Social Preferences and Investments in Crypto-Assets | Pavel Ciaian, Andrej Cupak, Pirmin Fessler, d’Artis Kancs |
Nov 2022 | Policy Brief | No 469 | The safe asset potential of EU-issued bonds | Tilman Bletzinger, William Greif, Bernd Schwaab |
Nov 2022 | Policy Brief | No 466 | Price-at-risk: systemic risk from price-impact induced contagion | Gábor Fukker, Michiel Kaijser, Luca Mingarelli, Matthias Sydow |
Nov 2022 | Policy Brief | No 457 | The Certification Role of the EU-Wide Stress Testing Exercises in the Stock Market. What Can We Learn from the Stress Tests (2014-2021)? | Agha Durrani, Steven Ongena, Aurea Ponte Marques |
Oct 2022 | Policy Brief | No 456 | Digital players vs. traditional banks: Fierce competition, higher concentration or a trend towards platformization? | Laurent Clerc, Timothée Dufour, Pierre Harguindeguy, Stefano Ungaro |
Oct 2022 | Policy Brief | No 449 | Natural Language Processing and Financial Markets: Semi-supervised Modelling of Coronavirus and Economic News | Carlos Moreno Pérez, Marco Minozzo |
Oct 2022 | Policy Brief | No 444 | How do central bank lending operations interact with equity offering announcements? | Massimo Giuliodori, Jan Kakes, Dimitris Mokas |
Oct 2022 | Policy Brief | No 443 | Transition Versus Physical Climate Risk Pricing in European Financial Markets: A Text-Based Approach | Giovanna Bua, Daniel Kapp, Federico Ramella, Lavinia Rognone |
Oct 2022 | Policy Brief | No 441 | The digital revolution in banking: The old, the new and the ugly | José María Roldán |
Sep 2022 | Policy Brief | No 427 | Integrating the carbon footprint into the construction of corporate bond portfolios | Mario Bajo, Emilio Rodríguez |
Sep 2022 | Policy Brief | No 425 | What Moves Markets? | Mark Kerssenfischer, Maik Schmeling |
Sep 2022 | Policy Brief | No 424 | Information Transmission between Banks and the Market for Corporate Control | Christian Bittner, Falko Fecht, Melissa Pala, Farzad Saidi |
Sep 2022 | Policy Brief | No 423 | Country biases in equity portfolios are less pronounced and less irrational than one might think | Martijn Boermans, Ian Cooper, Piet Sercu, Rosanne Vanpée |
Sep 2022 | Policy Brief | No 416 | The rise of cross-border financial centres | Pamela Pogliani, Philip Wooldridge |
Sep 2022 | Policy Brief | No 410 | Should we trust the credit decisions provided by machine learning models? | Andrés Alonso, José Manuel Carbó |
Sep 2022 | Policy Brief | No 409 | A model of system-wide stress simulation: market-based finance and the COVID-19 event | Giovanni di Iasio, Giulio Nicoletti, Nicholas Vause |
Aug 2022 | Policy Brief | No 404 | Entity-based vs activity-based regulation: a framework and applications to traditional financial firms and big techs | Claudio Borio, Stijn Claessens, Nikola Tarashev |
Aug 2022 | Policy Brief | No 395 | Liquidity in bond markets - navigating in troubled waters | Martin Scheicher, Andreas Schrimpf |
Aug 2022 | Policy Brief | No 394 | Flexibility in Asset Purchases: A Structural Analysis | James Costain, Galo Nuño, Carlos Thomas |
Jul 2022 | Policy Brief | No 386 | Application of machine learning models and interpretability techniques to identify the determinants of the price of bitcoin | Sergio Gorjón, Jose Manuel Carbó |
Jul 2022 | Policy Brief | No 375 | A shot in the arm: stimulus packages and firm performance during COVID-19 | Deniz Igan, Ali Mirzaei, Tomoe Moore |
Jul 2022 | Policy Brief | No 373 | Minibonds and intangibles | Gabriele Beccari, Francesco Marchionne, Beniamino Pisicoli |
Jul 2022 | Policy Brief | No 364 | Uncertainty, non-linear contagion and the credit quality channel: an application to the Spanish interbank market | Adrian Carro, Patricia Stupariu |
Jun 2022 | Policy Brief | No 362 | On Implementing Macroprudential Policy | Itai Agur, Sunil Sharma |
Jun 2022 | Policy Brief | No 361 | The influence of financial corporations on IMF lending: Has it changed with the global financial crisis? | Lena Lee Andresen |
Jun 2022 | Policy Brief | No 355 | Japan’s Sovereign Rating in the Post-Pandemic Era: Quo Vadis? | Jinho Choi, Alexander den Ruijter, Kimi Xu Jiang, Edmund Moshammer |
Jun 2022 | Policy Note | No 280 | Should the ECB consider issuing its own securities? | Wim Boonstra, Bas van Geffen |
May 2022 | Policy Brief | No 334 | The local presence of global banks | Iñaki Aldasoro, John Caparusso, Yingyuan Chen |
May 2022 | Policy Brief | No 326 | The impact of QE on sovereign risk | Dirk Broeders, Leo de Haan, Jan Willem van den End |
Apr 2022 | Policy Brief | No 315 | Who owns banks? The household-bank nexus and its implications for bank stock prices | Matías Lamas, David Martinez-Miera |
Apr 2022 | Policy Brief | No 310 | Insurers’ investments before and after the COVID-19 outbreak | Federico Apicella, Raffaele Gallo, Giovanni Guazzarotti |
Apr 2022 | Policy Brief | No 309 | The low-carbon transition, climate commitments and firm credit risk | Sante Carbone, Margherita Giuzio, Sujit Kapadia, Johannes Sebastian Krämer, Ken Nyholm, Katia Vozian |
Apr 2022 | Policy Brief | No 308 | Investor demand in syndicated bond issuances: stylised facts | Martin Hillebrand, Marko Mravlak, Peter Schwendner |
Mar 2022 | Policy Brief | No 299 | When domestic and foreign QE overlap | Paola Di Casola, Pär Stockhammar |
Mar 2022 | Policy Brief | No 295 | How do Asian central banks use big data? Insights from an Irving Fisher Committee survey | Giulio Cornelli, Sebastian Doerr, Leonardo Gambacorta, Bruno Tissot |
Feb 2022 | Policy Brief | No 282 | Lessons from estimating the average option-implied volatility term-structure for the Spanish banking sector | Maria T. Gonzalez-Perez |
Feb 2022 | Policy Brief | No 281 | GDP-linked bonds and the fear of ambiguity | Deniz Igan, Taehoon Kim, Antoine Levy |
Feb 2022 | Policy Brief | No 276 | The COVID Non-Performing Loan ’Tsunami’ that Never Happened and How to Avoid it Now | Reiner Martin, Piroska Nagy-Mohacsi, Elina Ribakova, Jonathan M. Fortun Vargas |
Feb 2022 | Policy Brief | No 275 | The effectiveness of ECB euro liquidity lines: spillovers and spillbacks | Silvia Albrizio, Iván Kataryniuk, Luis Molina, Jan Schäfer |
Jan 2022 | Policy Note | No 262 | The encrypted threat: Bitcoin’s social cost and regulatory responses | Ulrich Bindseil, Patrick Papsdorf, Jürgen Schaaf |
Dec 2021 | Policy Note | No 260 | Identifying lessons from the current crisis for the prudential framework of the banking system | Pablo Hernández de Cos |
Dec 2021 | Policy Note | No 259 | Crises as a catalyst for change – lessons from the past, challenges for the future | Jens Weidmann |
Nov 2021 | Policy Brief | No 233 | Caveat Emptor | José María Roldán |
Nov 2021 | Policy Brief | No 231 | A Multi-level Network Approach to Spillovers Analysis: An Application to the Maltese Domestic Investment Funds Sector | Francesco Meglioli, Stephanie Gauci |
Nov 2021 | Policy Brief | No 218 | When the panic broke out: Covid-19 and investment funds’ portfolio rebalancing around the world | Massimiliano Affinito, Raffaele Santioni |
Oct 2021 | Policy Note | No 257 | Systemic Implications of the Bail-in Design: A Precis of our Main Text | J. Doyne Farmer, Charles Goodhart, Alissa M. Kleinnijenhuis |
Sep 2021 | Policy Brief | No 184 | Frozen markets: Iceland’s experience with capital controls | Francis Breedon, Thórarinn G. Pétursson, Paolo Vitale |
Sep 2021 | Policy Brief | No 178 | Contagious Zombies | Christian Bittner, Falko Fecht, Co-Pierre Georg |
Sep 2021 | Policy Note | No 252 | Forging the Future of Monetary Union – taking stock and looking forward | Markus Rodlauer, Rolf Strauch |
Sep 2021 | Policy Brief | No 175 | The Liquidity of the Government Bond Market – What Impact Does Quantitative Easing Have? Evidence from Sweden | Marianna Blix Grimaldi, Alberto Crosta, Dong Zhang |
Sep 2021 | Policy Brief | No 170 | Pension funds’ portfolio choices and investment beliefs | Dirk Broeders, Kristy Jansen |
Aug 2021 | Policy Brief | No 158 | Bank pricing of corporate loans | Márcio Mateus, Tiago Pinheiro |
Aug 2021 | Policy Brief | No 155 | The anatomy of bond ETF arbitrage | Karamfil Todorov |
Aug 2021 | Policy Note | No 251 | Green Liquidity Moves Mainstream | Patrick Drury Byrne, Sandeep Chana and Sylvain Broyer |
Jul 2021 | Policy Brief | No 135 | Liquidity in the German corporate bond market: has the CSPP made a difference? | Kathi Schlepper |
Jul 2021 | Policy Brief | No 132 | Euro area portfolio flows in 2020: the impact of the Covid-19 crisis | Julia Schmidt, Olivier Sirello |
Jul 2021 | Policy Brief | No 131 | Investment funds, monetary policy, and the global financial cycle | Christoph Kaufmann |
Jun 2021 | Policy Brief | No 118 | The reduction in homeownership rates for the young | Gonzalo Paz-Pardo |
Jun 2021 | Policy Brief | No 117 | Regulating liquidity risk in mutual funds | Dominic Cucic |
Jun 2021 | Policy Brief | No 115 | Understanding the financial risks of nature loss: exploring policy options for financial authorities | Katie Kedward, Josh Ryan-Collins, Hugues Chenet |
Jun 2021 | Policy Brief | No 112 | Fund Cross-Holdings and Financial Stability | Daniel Fricke, Hannes Wilke |
Jun 2021 | Policy Brief | No 106 | What consumption habits tell us about the joint dynamics of government bond yields and stock prices internationally | Thomas Nitschka, Shajivan Satkurunathan |
Apr 2021 | Policy Brief | No 79 | A New Measure of Synthetic Leverage | Daniel Fricke |
Apr 2021 | Policy Brief | No 71 | CESEE’s Macroprudential Policy Response to Covid-19 | Markus Eller, Reiner Martin, Lukas Vashold |
Apr 2021 | Policy Brief | No 67 | How do central banks use big data and machine learning? | Sebastian Doerr, Leonardo Gambacorta, Jose Maria Serena |
Apr 2021 | Policy Brief | No 65 | EMU deepening and sovereign debt spreads: using political space to achieve policy space | Iván Kataryniuk, Víctor Mora-Bajén, Javier J. Pérez |
Apr 2021 | Policy Note | No 229 | Shifts in the portfolio holdings of euro area investors in the midst of COVID-19: looking-through investment funds | Daniel Carvalho, Martin Schmitz |
Mar 2021 | Policy Brief | No 53 | Who has purchased euro area debt since the start of the health crisis? | Olivier Sirello |
Feb 2021 | Policy Note | No 225 | Sharing Economy in the Financial Industry: A Platform Approach towards Sharing in Regulatory Reporting using the Shapley Value | Aaron Janowski, Moritz Plenk, Mirko Haselwander |
Feb 2021 | Policy Note | No 222 | A pragmatic solution for the liquidity in resolution problem | Matthias Gruber, Stefan W. Schmitz |
Feb 2021 | Policy Note | No 221 | The future of data collection & data management: Agile RegOps for digitalizing the regulatory value chain | Martina Drvar, Johannes Turner, Maciej Piechocki, Eric Stiegeler, Daniel Münch |
Jan 2021 | Policy Note | No 219 | Buffer usability and potential stigma effects | Stefan W. Schmitz, Viola Nellessen, Michaela Posch, Peter Strobl |
Jan 2021 | Policy Note | No 218 | Interest rate-growth differentials on government debt: an empirical investigation for the euro area | Cristina Checherita-Westphal and João Domingues Semeano |
Dec 2020 | Policy Note | No 212 | Monetary policy effects when interest rates are negative | Joost Bats, Massimo Giuliodori, Aerdt Houben |
Dec 2020 | Policy Note | No 210 | On the risk-adjusted performance of machine learning models in credit default prediction | Andres Alonso, Jose Manuel Carbo |
Nov 2020 | Policy Note | No 209 | Are equity markets currently overvalued? The role of the time horizon in earnings expectations | Roberto Blanco and Irene Roibás |
Sep 2020 | Policy Note | No 193 | Inclusive payments for the post-pandemic world | Raphael Auer, Jon Frost, Thomas Lammer, Tara Rice, Amber Wadsworth |
Aug 2020 | Policy Note | No 189 | Financial integration in the Nordic-Baltic region vis-à-vis the EU: A Swedish perspective | David Farelius, Stefan Ingves, Magnus Jonsson |
Aug 2020 | Policy Note | No 188 | The Growth of Indexing - What is happening, and why? | Craig Lazzara |
Aug 2020 | Policy Note | No 187 | Measuring Regulatory Complexity | Jean-Edouard Colliard, Co-Pierre Georg |
Aug 2020 | Policy Brief | No 22 | Radical Uncertainty | John Kay |
Jun 2020 | Policy Note | No 180 | Which factors drive consumers to adopt crypto-assets? Results from an Austrian survey | Helmut Stix |
Jun 2020 | Policy Note | No 179 | The need for a new financial architecture after CORONA, an opinion | Freddy Van den Spiegel |
Jun 2020 | Policy Note | No 175 | Towards a wider international role for the euro | Francesco Papadia, Konstantinos Efstathiou |
May 2020 | Policy Note | No 171 | US dollar funding markets during the Covid-19 crisis – the international dimension | Egemen Eren, Andreas Schrimpf, Vladyslav Sushko |
May 2020 | Policy Note | No 167 | Services are the next – and fast approaching – frontier of global trade and financial services is a sector leading the way | Robert Koopman |
May 2020 | Policy Note | No 166 | Turning collective savings into private equity investments: The Covid-19 crisis as a catalyst for pan-European efficient resource allocation | Georges Hübner |
Apr 2020 | Policy Note | No 158 | Overview of Central Bank Digital Currency - State of Play | Johannes Duong |
Apr 2020 | Policy Note | No 159 | Embedded supervision: how to build regulation into Libra 2.0 and the token economy | Raphael Auer |
Apr 2020 | Policy Note | No 156 | Navigation tools in the semi-normal corona era | Andy Langenkamp |
Apr 2020 | Policy Note | No 153 | Passive Funds Actively Affect Prices: Evidence from the Largest ETF Markets | Karamfil Todorov |
Apr 2020 | Policy Note | No 147 | Does It Fit? Tweeting on Monetary Policy and Central Bank Communication | Donato Masciandaro, Davide Romelli, Gaia Rubera |
Mar 2020 | Policy Note | No 145 | A “European Capitalization and Development Fund” (ECDF) to facilitate Europe’s post-corona recovery | Ernest Gnan |
Feb 2020 | Policy Note | No 132 | The European Banking Union | Margarita Delgado |
Feb 2020 | Policy Note | No 130 | European Banking Consolidation: Can a view to the past inform current policy efforts? | Peter Hahn |
Feb 2020 | Policy Note | No 128 | Interests and alliances | Klaas Knot |
Jan 2020 | Policy Note | No 127 | Europe’s role in the global financial system | Luis de Guindos |
Jan 2020 | Policy Note | No 125 | Should central banks also be supervisors: a political economy perspective | Donato Masciandaro |
Jan 2020 | Policy Note | No 123 | DLT-Based Regulatory Reporting - A game changer for the regulatory regime? | Daniel Münch, Noah Bellon |
Dec 2019 | Policy Note | No 118 | Deposit facility rate, bank reserves, and portfolio reallocation incentives | Manuel Buchholz, Kirsten Schmidt, Lena Tonzer |
Nov 2019 | Policy Note | No 113 | Ten years after Lehman, is the financial system safer? | Denis Beau |
Sep 2019 | Policy Note | No 103 | Non-banks in the EU: ensuring a smooth transition to a Capital Markets Union | Fatima Pires |
Aug 2019 | Policy Note | No 92 | Beliefs and Portfolios: New Measurement and Facts | Stefano Giglio, Matteo Maggiori, Johannes Stroebel, Stephen Utkus |
Jul 2019 | Policy Note | No 86 | Regulatory complexity and the quest for robust regulation | Prasanna Gai, Malcolm Kemp, Antonio Sánchez Serrano, Isabel Schnabel |
Jun 2019 | Policy Note | No 80 | A products and activities approach to managing risk in asset management | Barbara Novick |
Jun 2019 | Policy Note | No 78 | Central banks are too risk averse as investors | Massimiliano Castelli, Stefan Gerlach |
Apr 2019 | Policy Note | No 65 | A New Horizon | Mark Carney |
Mar 2019 | Policy Note | No 61 | Beyond voluntary disclosure: why a ‘market-shaping’ approach to financial regulation is needed to meet the challenge of climate change | Josh Ryan-Collins |
Feb 2019 | Policy Note | No 58 | Disintermediation and re-intermediation effects of the CSPP | Óscar Arce, Ricardo Gimeno, Sergio Mayordomo |
Oct 2018 | Policy Note | No 45 | A plea for a paradigm shift in financial decision-making in the age of climate change and disruptive technologies | Angela Köppl, Sigrid Stagl |
May 2018 | Policy Note | No 34 | Modern financial repression in the euro area crisis: making high public debt sustainable? | Ad van Riet |
Feb 2018 | Policy Note | No 27 | Euro area quantitative easing: Large volumes, small impact? | Daniel Gros |
Jan 2018 | Policy Note | No 23 | The occasional importance of the current account in an era of a global savings glut | Jesper Berg, Steffen Lind |
Nov 2017 | Policy Note | No 21 | Risk sharing in EMU: key insights from a literature review | Demosthenes Ioannou, David Schäfer |
Oct 2017 | Policy Note | No 19 | Is cash back? Assessing the recent increase in cash demand | Clemens Jobst, Helmut Stix |
May 2017 | Policy Note | No 12 | (No) worries about the new shape of international capital flows | Matthieu Bussiére, Julia Schmidt, Natacha Valla |
May 2016 | Policy Note | No 7 | Ten Myths in the Brexit Debate | David T. Llewellyn |
Apr 2016 | Policy Note | No 5 | Some seeming paradoxes or interesting points of Russia’s economy and banking sector | Stephan Barisitz |