KIF 이메일서비스

2025-06-10 일자 [제 25-41 호]

주목할만한 연구

Stablecoin Runs and the Centralization of Arbitrage

Stablecoins are cryptoassets which are designed to be pegged to the dollar, but are backed by imperfectly liquid USD assets. We show that stablecoins feature concentrated arbitrage: the largest issuer, Tether, only allow .. more

NBER (2025-06-09)

Regional integration amid global fragmentation

Regional integration among emerging market economies complements global integration rather than substituting for it, which implies that strong regional ties act as buffers against global fragmentation. Emerging Asia is .. more

BIS (2025-06-05)

The Optimum Quantity of Central Bank Reserves

This paper analyzes the optimal quantity of central bank reserves in an economy where reserves and other financial assets provide liquidity benefits. Using a static model, I derive a constrained Friedman rule that charac .. more

Bank of Canada (2025-05-30)

미주

제 목	발행기관
Why Emerging Markets Weathered Federal Reserve Tightening So Well	AEI
The Optimum Quantity of Central Bank Reserves	Bank of Canada
Protecting the American public from crypto risks and harms	Brookings
Risks that non-bank financial institutions pose to financial stability	Brookings
What are stablecoins, and how are they regulated?	Brookings
Why should America negotiate with China?	Brookings
A Look Back at "Look Through"	FRB
Black Swans and Financial Stability: A Framework for Building Resilience	FRB
Changing Jobs to Fight Inflation: Labor Market Reactions to Inflationary Shocks	FRB
How Stable are Inflation Expectations in the Euro Area? Evidence from the Euro-Area Financial Markets	FRB
Market Liquidity in Treasury Futures Market During March 2020	FRB
Place-Based Labor Market Inequality	FRB
Suitability of a County-Level Income Definition for Analysis of Lower-Income Communities	FRB
The 2025 U.S. Debt Limit Through the Lens of Financial Markets	FRB of Chicago
Firm Size, Heterogeneous Strategic Complementarities, and Real Rigidity	FRB of Cleveland
The Effects of Interest Rate Increases on Consumers' Inflation Expectations: The Roles of Informedness and Compliance	FRB of Cleveland
Information Spillovers Within Couples: Evidence from a Sequential Survey of Spouses	FRB of New York
America's Retirees: Comfort or Crisis? Current Retirees Are Doing Better Than Ever, but Threats Loom for Younger Generations	Heritage
The $2 trillion global wellness market gets a millennial and Gen Z glow-up	McKinsey
Artificial Intelligence and Technological Unemployment	NBER
Basic Income and the Dynamics of Employment and Human Capital in a Non-Urban Disadvantaged Setting	NBER
Climbing the Energy Ladder: How Energy Resources Hinder, Facilitate, and Fuel Economic Growth	NBER
Collateral and Secured Debt	NBER
Global Price Shocks and International Monetary Coordination	NBER
How Longevity and Health Information Shapes Retirement Advice	NBER
Monetary Stabilization of Sectoral Tariffs	NBER
Post-Pandemic Global Inflation, Disinflation, and Central Bank Policy Responses: A Review of the Facts, Empirical Findings, and their Implications for Monetary Policy Framework Assessments	NBER
Stablecoin Runs and the Centralization of Arbitrage	NBER
Trade and Industrial Policy in Supply Chains: Directed Technological Change in Rare Earths	NBER
Why Do Households Save and Work?	NBER
Defying Gravity: Can Non-US Wholesale Banks Win in the New World Order?	Oliver Wyman
Global economic impacts of antimicrobial resistance	PIIE
How export restrictions threaten economic security	PIIE

유럽

제 목	발행기관
Allianz Global Insurance Report 2025: Rising demand for protection	Allianz
Captain Europe: Five ways to forge the region's defense shield	Allianz
Modelling income risk dynamics in the UK: a parametric approach	Bank of England
The positive neutral countercyclical capital buffer	Bank of England
Nowcasting in real time : large Bayesian vector autoregression in a test	Bank of Finland
Fixed Effects and Beyond. Bias Reduction, Groups, Shrinkage and Factors in Panel Data	Bank of Spain
Public debt burden and crisis severity	Bank of Spain
EU Banking Sector & Competitiveness	Bruegel
Implementing the EU Nature Restoration Law: exploring pathways for member states	Bruegel
Beyond Words: Fed Chairs' Voice Sentiments and US Bank Stock Price Crash Risk	CEPR
Do Lenders Price Firms' Cybersecurity Risks?	CEPR
Dynamic Coordination and Bankruptcy Regulations	CEPR
Flexible Retirement and Optimal Taxation	CEPR
Optimal Integration: Human, Machine, and Generative AI	CEPR
The Financial Premium	CEPR
Tracing the International Transmission of a Crisis through Multinational Firms	CEPR
A supervisory efficiency test for EU financial markets: taking an operational approach to integration and oversight	CEPS
Much more than minerals: the US-Ukraine minerals agreement and its geopolitical implications	CEPS
Unfit for purpose? The legal maze of credit scoring under EU law	CEPS
The financial instability ? Monetary policy nexus: Evidence from the FOMC minutes	Deutsche Bundesbank
The impact of climate policies on financial markets: Evidence from the EU Carbon Border Adjustment Mechanism	Deutsche Bundesbank
ETF (Mis)pricing	FCA
Forecasting inflation with the hedged random forest	SNB
Kernel Density Machines	Swiss Finance Institute
Quo Vadis? Bank Closures, Firm Performance, and New Bank-Firm Relationships	Swiss Finance Institute
Chief Economists Outlook: May 2025	WEF
Technology Convergence Report	WEF
Do China's Special Economic Zones Increase Incentives to Invest in R&D?	ZEW
The Effect of Airbnb on Housing Prices: Evidence from the 2017 Solar Eclipse	ZEW

아시아 및 기타

제 목	발행기관
Estimating Asian Economies' Missing Exports	ADB
Evidence on the Determinants and Variation of Idiosyncratic Risk in Housing Markets	ADB
The Carbon Border Adjustment Mechanism, Article 6 Credits, and Domestic Carbon Pricing Instruments: A Proposal for Integration in Asia and the Pacific	ADBI
Expecting Job Replacement by GenAI: Effects on Workers' Economic Outlook and Behavior	BOJ
양자 컴퓨팅의 현황과 전망 (In Japanese)	BOJ
생성형 AI의 진화와 기업에 요구되는 대응 (In Japanese)	Daiwa Institute of Research
제2차 트럼프 정권에서 캐나타의 대미전략과 기대되는 역할 (In Japanese)	IIMA
미국 이민 규제의 변천과 강해지는 트럼프 리스크 (In Japanese)	JRI
미국 트럼프의 의약품 가격 정책이 일본에 미치는 영향 (In Japanese)	JRI
어려워진 미국의 무역적자 해소·제조업 부활 (In Japanese)	JRI
역오일쇼크의 그림자 (In Japanese)	JRI
최저임금의 정부 목표 달성을 위해 (In Japanese)	JRI
A House for My Family: The impacts of down payment rate on marriage and fertility	RIETI
Capital Market Conditions and the Value of Corporate Diversification for Japanese Firms	RIETI
The Impact of Firms' GVC Participation on Wages	RIETI

국제기구

제 목	발행기관
Elasticity in the monetary system	BIS
Monetary policy and earnings inequality: inflation dependencies	BIS
Project Hertha: identifying financial crime patterns in real-time retail payment systems	BIS
Regional integration amid global fragmentation	BIS
Stablecoins and safe asset prices	BIS
Bank to Sovereign Risk Transmission: New Evidence	IMF
Cyclical Fiscal Multipliers: Policy Mix and Financial Friction Puzzle	IMF
Digitalization: A Catalyst for Intergenerational Occupational Mobility?	IMF
From Text to Quantified Insights: A Large-Scale LLM Analysis of Central Bank Communication	IMF
Interest Rate Sensitivity Scenarios to Guide Monetary Policy	IMF
No Quick Fix: The Recovery and Resilience Plan and External Position in Greece	IMF
Scenario Synthesis and Macroeconomic Risk	IMF
A comprehensive overview of the Energy Intensive Industries ecosystem	OECD
Data and methods for entrepreneurial ecosystem diagnostics	OECD
Early insights from biennial transparency reports (BTRs) to enhance the next nationally determined contributions (NDCs)	OECD
Fast-tracking Net Zero by Building Climate and Economic Resilience: A Summary for Policymakers	OECD
Introducing the OECD AI Capability Indicators	OECD
OECD Economic Outlook, Volume 2025 Issue 1	OECD
OECD Supply Chain Resilience Review	OECD
Parenting on a budget : The cost of raising children in changing family configurations and its policy implications	OECD
Quantifying digital innovation for the twin transition	OECD
Quantifying industrial strategies 2019-2022 : Trends and priorities across 11 OECD countries	OECD
The revamp of the OECD Productivity Database	OECD
Banking on Cities: Investing in Resilient and Low-Carbon Urbanization	World Bank
Country Guidance for Navigating Carbon Markets	World Bank
Do Formal Loans Boost SME Performance ? Key Takeaways from a Meta-Analysis	World Bank
Forecast Sensitivity to Global Risks : A BVAR Analysis	World Bank
The Macroeconomic Implications of Climate Change Impacts and Adaptation Options : A Modeling Approach	World Bank

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