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Variability in Risk-weighted Assets: What Does the Market Think? (BIS, 55 page read) A new measure of market-implied RWA shows significant differences in RWA between banks / countries prior to 2016 due to; shares of less transparent assets, capital constraints and country-specific factors. Basel III reforms have reduced the RWA variability.
Predicting Recessions Using the Yield Curve: The Role of the Stance of Monetary Policy (Boston Fed, 18 page read) Yield curve inversion during a period of “unusually accommodative” monetary policy such as Q3 2019 overstates the likelihood of recession.