There is a general consensus that distributed ledger technology (DLT) has both disruptive and evolutionary potential for financial markets. This paper focuses on potential implications in connection with collateral management activities for financial transactions, the aim being to analyze the challenges and opportunities of DLT in the current regulatory environment for this specific use case.

Article from the Monthly Report August 2020

Tax reform designed to improve the conditions for macroeconomic growth without weighing on government budgets has been the topic of recent debate in Europe. One proposal on the table suggests reducing taxes on wages whilst at the same time raising those on land and property. A new study uses a modern DSGE model to examine how, within this model framework, such a shift would impact on the aggregate economy and to what extent property owners and tenants would be affected.