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Link to register: AoF-HKIMR Seminar: Financial Implications of Global Fragmentation Registration, Thu 30 May 2024 at 10:45 | Eventbrite

The result of the auction of 21 May 2024 for the 6-months Bills of the ESM was as follows:
Total Bids: € 2,203.00 mn
Competitive bids € 542.00 mn
Non-competitive bids € 1,661.00 mn
Allotment / Issue volume € 1,099.96 mn

Title: Monetary policy, firm heterogeneity, and the distribution of investment rates

This paper studies the role of lumpy investment for the transmission of monetary policy, its impact on aggregate investment, and the heterogeneous effects across young and old firms.

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Ladies and gentlemen, good morning. 

The 8th Joint Regional Financing Arrangements (RFAs) Research Seminar starts today in Luxembourg.  The two-day hybrid seminar will examine the economic and financial risks associated with global fragmentation. This event is organised jointly by the ASEAN+3 Macroeconomic Research Office (AMRO), the European Stability Mechanism (ESM), and Latin American Reserve Fund (FLAR).

The EFSF, the European Financial Stability Facility, rated Aaa (Moody’s) / AA- (Fitch) / AA (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions.

With 2023 the hottest year on record, focus and momentum on the green transition is needed now more than ever. The Paris Agreement target to limit global warming to 1.5°C above pre-industrial levels looks increasingly ambitious. As the target year 2050 for net zero emissions looms, we need to work double time to reach that goal.