Bank fragility: What consequences for economic growth and its relationship with bank loans?
Jérôme Creel and Fabien Labondance The collapse of Silicon Valley Bank (SVB) has rekindled concern about the solidity of the US banking system and, via […]
Bank
What more could the central banks do to deal with the crisis?
By Christophe Blot and Paul Hubert The return of new lockdown measures in numerous countries is expected to slow the pace of economic recovery and even lead […]
Non-performing loans – A danger for the Banking Union?
By Céline Antonin, Sandrine Levasseur and Vincent Touzé The establishment of the third pillar of the Banking Union, namely the creation of a European deposit […]
High-frequency trading and regulatory policies. A tale of market stability vs. market resilience
by Sandrine Jacob Leal and Mauro Napoletano Over the past decades, high-frequency trading (HFT) has sharply increased in US and European markets. HFT represents a […]
What factors are behind the recent rise in long-term interest rates?
By Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance Since the onset of the financial crisis, long-term sovereign interest rates in the euro zone have […]
Where are we at in the euro zone credit cycle?
By Christophe Blot and Paul Hubert In December 2016, the European Central Bank announced the continuation of its Quantitative Easing (QE) policy until December 2017. […]
The reduction of the US Fed’s balance sheet: When, at what pace and with what impact?
By Paul Hubert US monetary policy began to tighten in December 2015, with the Fed’s key rate moving from a target range of 0 – […]
Argentina’s experience of debt crisis
By Augusto Hasman and Maurizio Iacopetta There is still a lot of uncertainty around the possible paths that Greece can follow in the near feature. […]
An unprecedented retreat by the euro zone’s banks
By Anne-Laure Delatte, CNRS, OFCE, CEPR, Visiting Lecturer at Princeton University Another small step was taken last month towards a euro zone banking union when […]
Why a negative interest rate?
Christophe Blot and Fabien Labondance As expected, on 5 June 2014 the European Central Bank (ECB) unleashed an arsenal of new unconventional measures. The aim is […]