The European Central Bank (ECB) and Народна банка на Република Северна Македонија (National Bank of the Republic of North ...more »

US dollar credit to non-bank borrowers outside the United States grew at an annual rate of 7% (to reach $12.6 trillion) as of end-March 2020, just as the Covid-19 pandemic was escalating... https://www.bis.org/statistics/gli2007.htm

The world entered the COVID-19 pandemic with persistent, pre-existing external imbalances... https://blogs.imf.org/2020/08/04/global-imbalances-and-the-covid-19-crisis/

The introduction of the euro has undoubtedly been one of the most profound changes in the international monetary system since the collapse of the Bretton Woods... https://www.ecb.europa.eu//press/key/date/2020/html/ecb.sp200707~3eebd4e721.en.html

Respondents to the ECB Survey of Professional Forecasters (SPF) for the first quarter of 2019 reported point forecasts for annual HICP inflation averaging 1.5%, 1.6% and 1.7% for 2019, 2020 and 2021, respectively. These results represent downward revisions of 0.2 percentage point (p.p.) for 2019 ...more »

I tassi IBOR svolgono un ruolo fondamentale nei mercati finanziari: in particolare il LIBOR è il tasso di interesse predominante per i contratti (ad esempio interest rate swap, mutui, obbligazioni a tasso variabile) nelle valute USD, GBP, CHF e JPY, mentre ...more »

There is growing evidence that international financial spillovers have become a two-way street. They occur not only from the major advanced economies to the rest of the world, but also, and increasingly, from a group of large middle-income countries to advanced economies. ...more »

Il Rapporto di Stabilità Finanziaria pubblicato da Banca d’Italia (BDI) a fine 2018 contiene alcuni dati interessanti: Credito bancario. Secondo le previsioni, il credito bancario rimarrà debole nel biennio 2019-2020, il rapporto ...more »

The European Central Bank (ECB) issued a working paper that discusses the implications for optimal monetary policy when rates are at (or close) to their effective lower bounds. In these cases, central banks often turn to communication about the future path of policy ...more »