Articles

Articles

Structural adjustments and stability in European sovereign debt markets

Autores:
European sovereign debt markets are undergoing significant structural shifts that simultaneously reduce demand and increase supply. Yet pricing stability has persisted amid geopolitical uncertainty, reflecting clearer policy signals and more predictable institutional responses.

Shadow banking and financial stability in an era of private credit

The rapid expansion of non-bank financial institutions is reshaping the geography of financial risk in Europe and globally. High leverage, liquidity mismatches, and growing interconnections with traditional banks raise the probability that future episodes of stress originate outside the regulated banking perimeter.

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