August 2025 – Bank Underground
2 posts published by BankUnderground during August 2025| Bank Underground
2 posts published by BankUnderground during August 2025| Bank Underground
Lewis Holden Over 95% of banks’ emissions are ‘financed emissions’. These are indirect emissions from households and businesses who banks lend to or invest in (banks’ asset exposures). Banks disclose these in line with regulations designed to help markets understand their exposure to climate-related risks and their impact on the climate. But emissions disclosures vary … Continue reading Same firms, different footprints: making sense of financed emissions→| Bank Underground
Mohammed Gharbawi Rapid advances in artificial intelligence (AI) have fuelled a lively debate on the feasibility and proximity of artificial general intelligence (AGI). While some experts dismiss t…| Bank Underground
Philippe Bracke, Matt Everitt, Martina Fazio and Alexandra Varadi The Bank of England Agenda for Research (BEAR) sets the key areas for new research at the Bank over the coming years. This post is an example of issues considered under the Macroeconomic Environment Theme which focuses on the changing inflation dynamics and unfolding structural change … Continue reading When mortgage flexibility meets monetary policy tightening: heterogeneous impacts on spending and debt→| Bank Underground
Charlie Warburton and James Brookes Economists have repeatedly shown that readability of central banking communication matters. But they typically measure readability in a crude way – using th…| Bank Underground
Hannah Copeland, Lennart Brandt, Natalie Burr and Boromeus Wanengkirtyo Emissions Trading Schemes (ETS) are an increasingly popular market-based policy to impose a price on carbon emissions (previously costless to the emitter) (World Bank Group (2025), DESNZ (2025)). With carbon prices expected to increase steadily, and sectoral coverage broadening, these schemes have gained the attention of … Continue reading What happens to inflation when we put a price on carbon?→| Bank Underground
Julia Giese and Jacqueline Koay We live in an era of rapid change, complexity and uncertainty. Over recent years, severe global shocks have been frequent, with profound implications for our economy…| Bank Underground
Roger Vicquéry and Kevin Hjortshøj O’Rourke While the collapse of the Bretton Woods system in 1973 has traditionally been seen as heralding a major shift towards floating exchange rates, the extent…| Bank Underground
6 posts published by BankUnderground during February 2025| Bank Underground
Jamie Waddell and Danny Walker Would expanding mortgage supply lead to increased home ownership? Given that 90% of young home owners have a mortgage, it’s tempting to assume the answer is yes. But our analysis suggests that assumption is not necessarily true. We show that increases in mortgage supply have historically had no discernible effect … Continue reading More mortgage lending might push home ownership further out of reach→| Bank Underground
Miruna-Daniela Ivan The widespread practice of financial institution to re-use securities received as collateral plays a key role in the repurchase agreement (repo) market functioning. By increasing the availability of securities which can be used as collateral, collateral re-use lowers funding costs under normal market conditions, allowing collateral to flow to where it is most … Continue reading Collateral re-use: unveiling the risk of delivery failures and higher volatility in the repo m...| Bank Underground
Simon Whitaker Digital currencies and the tokenisation of financial assets could speed up the movement of money and assets between institutions and across borders. Historically, the liberalisation of capital flows led to debates about the impact on macroeconomic and financial stability. Bouts of instability – for example the 2008 global financial crisis – provoked calls … Continue reading Could digitalisation of finance lead to more disruptive international capital flows?→| Bank Underground
Carlos Cañón Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on compet…| Bank Underground
