In September 2015, SUERF launched the SUERF Policy Notes series with focus on current financial, monetary or economic issues, designed for policy makers and financial practitioners, authored by renowned experts.
| Date published | SUERF | Issue | Title | Author(s) |
| Dec 2023 | Policy Brief | No 752 | Joint sovereign debt issuance: old questions, new results | Daniel P. Monteiro |
| Nov 2023 | Policy Brief | No 751 | Assessing the liquidity premium in the Italian bond market | Maria Ludovica Drudi, Giulio Carlo Venturi |
| Nov 2023 | Policy Brief | No 738 | Transmission of interest rate hikes depends on the level of central bank reserves held by banks | Daniel Fricke, Stefan Greppmair, Karol Paludkiewicz |
| Nov 2023 | Policy Brief | No 732 | Quantitative easing, accounting and prudential frameworks, and bank lending | Andrea Orame, Rodney Ramcharan, Roberto Robatto |
| Nov 2023 | Policy Note | No 327 | Protect the Safe Core: Restating the Central Bank Mandate | Enrico Perotti |
| Nov 2023 | Policy Brief | No 726 | How would banks respond to central bank digital currency? | Barbara Meller, Oscar Soons |
| Nov 2023 | Policy Brief | No 721 | Has the IMF’s 2021 general SDR allocation been useful? For what and for whom? | Isabel Garrido, Irune Solera |
| Nov 2023 | Policy Brief | No 719 | Should credit lines be regulated? | Jose E. Gutierrez |
| Oct 2023 | Policy Brief | No 709 | The Mortgage Servicing Channel: Understanding Monetary Policy Transmission through Shadow Banks | Isha Agarwal, Malin Hu, Raluca A. Roman, Keling Zheng |
| Oct 2023 | Policy Brief | No 704 | Is climate policy risk priced in by European stock investors? | Philippe Loyson, Rianne Luijendijk, Sweder van Wijnbergen |
| Oct 2023 | Policy Brief | No 691 | Identifying the security lending channel in a central bank’s asset purchase program: a case of Bank of Japan’s ETF purchases | Mitsuru Katagiri, Junnosuke Shino, Koji Takahashi |
| Sep 2023 | Policy Brief | No 689 | An Unconventional FX Tail Risk Story | Carlos Cañon, Eddie Gerba, Alberto Pambira, Evarist Stoja |
| Sep 2023 | Policy Note | No 321 | Technological change and the destabilisation of bank deposits: Assessment and policy implications | Ulrich Bindseil, Richard Senner |
| Sep 2023 | Policy Brief | No 684 | Fear (no more) of Floating: How emerging market central banks avoided a currency meltdown during the pandemic despite purchasing local-currency assets | Yasin Mimir, Enes Sunel |
| Sep 2023 | Policy Brief | No 682 | How asymmetries of information can amplify house price shocks to the supply of mortgage credit? | Salomón García |
| Aug 2023 | Policy Brief | No 667 | Fifty shades of QE: Robust evidence | Brian Fabo, Martina Jancokova, Elisabeth Kempf, Lubos Pastor |
| Aug 2023 | Policy Brief | No 649 | Do non-banks need access to the lender-of-last-resort? Evidence from fund runs | Johannes Breckenfelder, Marie Hoerova |
| Jul 2023 | Policy Brief | No 643 | Consumer Savings Behaviour at Low and Negative Interest Rates | Marco Felici, Geoff Kenny, Roberta Friz |
| Jul 2023 | Policy Brief | No 637 | How the central bank collateral framework shapes the outcomes of liquidity stress test models | Angelo Cuzzola, Claudio Barbieri, Ulrich Bindseil |
| Jun 2023 | Policy Brief | No 621 | Interdependence between assets and liabilities in the banking system: changes in the last two decades | Valentina Michelangeli, Fabio Massimo Piersanti |
| Jun 2023 | Policy Brief | No 614 | After the crypto-winter, the spring of crypto-assets regulation and supervision | Denis Beau |
| May 2023 | Policy Brief | No 598 | Do hawks sit on stronger branches? Central banks’ equity and policy reactions | Marcel Barmeier, André Casalis |
| May 2023 | Policy Brief | No 581 | On the Macroeconomic Effects of Reinvestments in Asset Purchase Programmes | Rafael Gerke, Daniel Kienzler, Alexander Scheer |
| Apr 2023 | Policy Brief | No 576 | Monetary policy and the drifting natural rate of interest | Sandra Daudignon, Oreste Tristani |
| Apr 2023 | Policy Note | No 307 | Back to normal? Balance sheet size and interest rate control | Isabel Schnabel |
| 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 |
| Feb 2023 | Policy Brief | No 514 | Fund Flow Externalities Under the Microscope | Daniel Fricke, Stephan Jank, Hannes Wilke |
| 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 |
| Jan 2023 | Policy Brief | No 500 | The use of the Eurosystem’s monetary policy instruments and its monetary policy implementation framework in 2020 and 2021 | Marco Corsi, Yvo Mudde |
| 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 490 | Systemic Bank Runs: How a Misallocation of Liquidity May Trigger a Solvency Crisis | Lukas Altermatt, Hugo van Buggenum, Lukas Voellmy |
| 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 Note | No 292 | The complex task of reforming the EU’s electricity market - Intervention options proposed by the European Commission | Cristian Stet, Pablo Ruiz, Susan Hansen |
| 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 |
| Jul 2022 | Policy Brief | No 367 | The Eurosystem’s bond market share at an all-time high: what does it mean for repo markets? | Tomás Carrera de Souza, Tom Hudepohl |
| Jun 2022 | Policy Brief | No 363 | Stablecoins - DeFi, Libra and beyond | Heike Mai |
| May 2022 | Policy Brief | No 333 | The effect of introducing a Loan-to-Value limit on homeownership | Cindy Biesenbeek, Mauro Mastrogiacomo, Rob Alessie, Jakob de Haan |
| Apr 2022 | Policy Note | No 274 | Stylised facts on debt and financial crisis | Pedro Duarte Neves |
| Apr 2022 | Policy Brief | No 316 | Robert Triffin and the search for Asian Monetary Union | Ivo Maes, Ilaria Pasotti |
| 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 |
| Mar 2022 | Policy Note | No 271 | Financial stability and crypto-assets | Pablo Hernández de Cos |
| 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 Brief | No 265 | Has the Impact of the ECB’s Asset Purchases Diminished Over Time? | Andrejs Zlobins |
| Jan 2022 | Policy Note | No 262 | The encrypted threat: Bitcoin’s social cost and regulatory responses | Ulrich Bindseil, Patrick Papsdorf, Jürgen Schaaf |
| Nov 2021 | Policy Brief | No 227 | Did liquidity limits amplify money market fund redemptions during the COVID crisis? | Peter Dunne, Raffaele Giuliana |
| Oct 2021 | Policy Brief | No 204 | Combining negative rates, forward guidance and asset purchases: Identification and impacts of the ECB’s unconventional policies | Massimo Rostagno, Carlo Altavilla, Giacomo Carboni, Wolfgang Lemke, Roberto Motto, Arthur Saint Guilhem |
| Oct 2021 | Policy Brief | No 193 | The effect of Eurosystem asset purchase programmes on euro area sovereign bond yields during the COVID-19 pandemic | George Hondroyiannis, Dimitrios Papaoikonomou |
| Oct 2021 | Policy Brief | No 191 | Macroeconomic stabilisation in the presence of the effective lower bound: the case of the euro area | Günter Coenen, Carlos Montes-Galdón, Sebastian Schmidt |
| Sep 2021 | Policy Brief | No 181 | A liquidity risk early warning indicator for Italian banks: a machine learning approach | Maria Ludovica Drudi, Stefano Nobili |
| 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 |
| Aug 2021 | Policy Brief | No 164 | Banks Fearing the Drought? Liquidity Hoarding as a Response to Idiosyncratic Interbank Funding Dry-Ups | Helge C.N. Littke, Matias Ossandon Busch |
| Aug 2021 | Policy Brief | No 155 | The anatomy of bond ETF arbitrage | Karamfil Todorov |
| Aug 2021 | Policy Brief | No 149 | Regulation of crypto-assets is a must for governments and central banks | Daniel Daianu |
| Aug 2021 | Policy Note | No 251 | Green Liquidity Moves Mainstream | Patrick Drury Byrne, Sandeep Chana and Sylvain Broyer |
| Aug 2021 | Policy Note | No 250 | Roads for the future: Central Bank Digital Currency (CBDC) and Innovative Payments | François Villeroy de Galhau |
| Jul 2021 | Policy Brief | No 135 | Liquidity in the German corporate bond market: has the CSPP made a difference? | Kathi Schlepper |
| Jun 2021 | Policy Brief | No 117 | Regulating liquidity risk in mutual funds | Dominic Cucic |
| Jun 2021 | Policy Brief | No 116 | The euro area sovereign debt markets in the crisis: role and impact on financial stability perspectives | Denis Beau |
| Jun 2021 | Policy Brief | No 113 | The economics of interest rates and population growth | Jesse Edgerton |
| Jun 2021 | Policy Brief | No 112 | Fund Cross-Holdings and Financial Stability | Daniel Fricke, Hannes Wilke |
| Jun 2021 | Policy Brief | No 107 | Building a more effective financial safety net for poor countries | Bruno Cabrillac, Luc Jacolin |
| Jun 2021 | Policy Note | No 243 | What does research say about the effects of central bank balance sheet policies? | Paola Di Casola |
| May 2021 | Policy Note | No 242 | Does the upturn in Eurozone money growth imply 5% inflation? | Tim Congdon |
| May 2021 | Policy Brief | No 88 | Strengthening the international role of the euro | Gergely Hudecz, Gong Cheng, Edmund Moshammer, Alexander Raabe |
| Apr 2021 | Policy Brief | No 81 | How the Capital Markets Union can help Europe avoid a liquidity trap | Sylvain Broyer |
| Apr 2021 | Policy Brief | No 75 | Europe: the shock of Covid-19 and the fear of accelerated zombification | Hélène Baudchon, Louis Boisset, Guillaume Derrien, Kenza Charef |
| Apr 2021 | Policy Brief | No 61 | A backstop liquidity facility for a greener economy | Eric Jondeau, Benoit Mojon, Cyril Monnet |
| Feb 2021 | Policy Note | No 222 | A pragmatic solution for the liquidity in resolution problem | Matthias Gruber, Stefan W. Schmitz |
| Dec 2020 | Policy Note | No 214 | Is NGEU a game changer for the ECB’s role in fighting the fall-out from COVID-19 in the euro area? | Lukas Reiss, Maria Teresa Valderrama |
| 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 |
| Nov 2020 | Policy Note | No 207 | Surge in corporate insolvencies hitting German banks | Jan Schildbach |
| Oct 2020 | Policy Note | No 202 | Policy revolution | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
| Aug 2020 | Policy Note | No 188 | The Growth of Indexing - What is happening, and why? | Craig Lazzara |
| Jul 2020 | Policy Note | No 185 | The Macroeconomic Impact of NPLs in Euro Area Countries | Ivan Huljak, Reiner Martin, Diego Moccero, Cosimo Pancaro |
| Jul 2020 | Policy Brief | No 18 | The liquidity trap, monetary policy and the health crisis | Stéphane Lhuissier |
| Jun 2020 | Policy Note | No 180 | Which factors drive consumers to adopt crypto-assets? Results from an Austrian survey | Helmut Stix |
| 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 |
| May 2020 | Policy Brief | No 8 | The currency composition of foreign exchange reserves | Hiro Ito and Robert N McCauley |
| May 2020 | Policy Note | No 165 | Monetary policy implications of digital currencies | Katrin Assenmacher |
| Apr 2020 | Policy Note | No 159 | Embedded supervision: how to build regulation into Libra 2.0 and the token economy | Raphael Auer |
| Nov 2019 | Policy Note | No 110 | Towards a European Governance Framework for Cryptoassets | Jason Grant Allen, Rosa María Lastra |
| 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 88 | Mitigating Fiscal Risks from the Financial Sector | Ludger Schuknecht |
| 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 |
| Jun 2018 | Policy Note | No 38 | The future for central bank balance sheets and their potential use as a macroprudential tool | Paul Fisher |
| Sep 2015 | Policy Note | No 1 | What is money and who says so? | Peter R. Fisher |
