The European Securities and Markets Authority (ESMA) has today made available the results of the annual transparency calculations for equity and equity-like instruments. The transparency requirements based on the results of the annual transparency calculations published from 1 March for equity and equity-like instruments will ...more »

This working paper reassures managers of US dollar reserves at central banks that they need not worry about a shortage of safe assets. This runs counter to the argument that a shortage of safe assets is key to understanding international finance. In that thesis, emerging ...more »

Working Paper – Feb 2019 https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2242~b1f459eb90.en.pdf