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Evaluating the Financial Instability Hypothesis : A Positive and Normative Analysis of Leveraged Risk-Taking and Extrapolative Expectations

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When does Monetary Policy Matter? Not all Policy Statements are Alike

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Exchange rates (daily parities) - 2025-07-14

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Bond indexes - 2025-07-14

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Daily review Monday 14 July 2025 Outstanding amounts and issues

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Financial stability

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The Banque de France's research on climate change and green finance

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Call for Expression of Interest: Eurosystem exploratory work on settlement in central bank money

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Membres

Définitions

Definitions

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n

Non-bank financial institutions

Entities operating outside the banking system that collect funds and grant loans.

p

Primary expenditure

Government expenditure before interest payments on debt.

s

Stablecoin

Type of crypto-asset whose value is designed to remain stable relative to one or more assets, such as an official currency or basket of currencies.

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