ASC Insight: Bank capital regulation and climate change
Climate change has become a major topic of discussion at central banks and financial regulators. Key aspects of this debate include whether and how...
Special Papers
CBDCs: Potential Impact on Bank Profitability, Asset and Risk Management and Financial Stability
In this paper we discuss whether or not the introduction of CBDCs may impact the profitability of banks and their ability to accumulate capital...
SP 22
Central bank digital currencies, reserve currencies and geopolitics
When it comes to central bank digital currencies (CBDCs), the focus of market participants and regulators – especially in the banking industry – is...
SP 21
Digital Currency and Economic Crises: Helping States Respond
The current crisis, at the time of writing, has had a profound impact on the financial world, introducing the need for creative approaches to...
SP 20
Firms in Financial Distress
We use simple accounting measures to estimate the share of private manufacturing firms in financial distress under a hypothetical scenario of losing...
COVID-19: A Double Whammy of Financial and Economic Sudden Stops for Emerging Economies
While it is too early to say how the disruptions caused by the COVID-19 pandemic will ultimately affect emerging market economies (EMs), experience...
Survival of firms in developing economies during economic crisis
With lockdown measures in place worldwide, cash-flow represents a significant concern for firms across multiple sectors. This chapter estimates the...
Synthetic Forecasting Method for COVID-19: Applications to UK and Turkey
Synthetic control method (SCM) is generally used for producing counterfactual scenarios in policy evaluations. In the light and urgency of the recent...
SP 19
When will the Covid-19 pandemic peak?
We carry out some analysis of the daily data on the number of new cases and number of new deaths by (191) countries as reported to the European CDC...
SP 18
Sell in May and Go Away in the Equity Index Futures Markets, 1993-2019
The period May 1 to the turn of the month of November (-6 trading day of October) has historically produced negligible returns. The rest of the year...
SP 17
Artificial Intelligence and Systemic Risk
Artificial intelligence (AI) is rapidly changing how the financial system is operated, taking over core functions because of cost savings and...
SP 16
Ten Years After the Global Financial Crisis: Causes, Outcomes, Lessons Learnt
September 15th, 2008: financial services firm Lehman Brothers files for Chapter 11 bankruptcy protection, marking the largest default in U.S. history...
SP 15
Regulatory Technology
Technology changes society. Financial services and their regulation is not immune from this. Indeed, distributed ledger technology and artificial...
SP 14
Macroprudential Stress Tests and Policies: Stretching for Robust and Implementable Frameworks
Non-supervisory bank stress testing is becoming firmly embedded in the post-crisis macroprudential frameworks of major financial sectors around the...
Did central banks cause the last financial crisis? Will they cause the next?
Recent history suggests that raising interest rates higher than warranted by macroeconomic prospects would not be the right policy for financial...
Artificial intelligence, financial risk management and systemic risk
Artificial intelligence (AI) is rapidly changing how financial institutions are operated and regulated. The authors discuss the benefits and danger...
SP 13
