bilateral capital flows and cross-border investment. Our analysis produced the following main findings: While global capital … have failed to recover so far. Measures of capital flow concentration show that capital moves to fewer destinations, albeit … fragmentation in the global allocation of capital and investment. …

The 2019 revision to the Capital Requirements Directive allowed the systemic risk buffer to be applied on a sectoral …

the impact of digital currencies on international capital flows. Using a difference-in-differences approach, we find that …

may only enforce strict supervision on capital requirements if they do not jeopardize bank existence. …

in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries …, the cyclically adjusted primary balance ratio deteriorates after a restrictive capital-based macroprudential policy shock … core countries, the cyclically adjusted primary balance ratio barely reacts to a sudden tightening in capital regulation. …

exacerbates the contractionary effects of firm defaults. We show that high minimum capital requirements jointly implemented with a … countercyclical capital buffer are effective in dampening the adverse consequences of firm risk shocks. …

strong in 2023 and early 2024 by historical standards, while other reserve currency movements have been mixed. Net capital …