Common Policy Communication and Sovereign Yield Curves
Between 2014-2019 and 2020-2025, two-year yield commonality rose from 45.2% to 56.4%, while ten-minus-two-year slope commonality declined from 66.7% to 56.4%.
Federal Reserve Bank of New York
Central bank · US · 5 documents
Stablecoin Depegging, Financial Intermediary Balance Sheet Constraints, and Liquidity in the U.S. Traditional Money Market
By end-2025, the global stablecoin market grew from approximately $25 billion in 2020 to over $300 billion.
ECB Perception of Non-Banks: A Machine Learning-Based Approach
The authors construct an index tracking the European Central Bank's perception of non-bank financial intermediaries using 2,830 speeches delivered between July 1998 and June 2024.
Monetary Policy Report
Real gross domestic product expanded at a moderate annual rate of 2.1 percent in the first quarter of 2026.
Tokenization and Financial Market Inefficiencies
The Boston Consulting Group estimates that asset tokenization could reach $16 trillion or 10 percent of global GDP by 2030.