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Banking on Nonbanks by Bruno Albuquerque, Eugenio Cerutti, Melih Firat, and Benedikt Kagerer published by IMF (2/2026). We study how banking groups adjust corporate credit supply in response to tighter macroprudential policies. Using granular data on syndicated corporate loans,…

The global impact of AI: Mind the gap by Eugenio Cerutti, Antonio Garcia Pascual, Yosuke Kido , Longji Li, Giovanni Melina, Marina M. Tavares, Philippe Wingender published by VOXEU (5/2025). Artificial intelligence is widely seen as a transformative force for productivity…