News in Systemic Risk: Monday, December 17, 2018 (10 a.m. ET)

IMF Research Perspectives, 2018 Fall/Winter Issue (IMF)

Gambling Traps (Anil Ari, ECB Working Paper)

Quantitative easing lowered interest rates. Why isn’t quantitative tightening lifting them more? (Brookings)

Proceedings of the ESCB Legal Conference 2018  (ECB)

Spain’s Bankia to sell €3bn ‘toxic’ asset portfolio to private equity (FT)

Toxic Politics and Fading Stimulus: East Europe's 2019 Risks (Bloomberg)

China Sees Bankruptcies Surge; Bondholders May Get Less Back (Bloomberg)

Can China Boom for 40 More Years? Those Who Lived It Aren’t Sure (Bloomberg)

U.S. Student Loan Debt Sets Record, Doubling Since Recession  (Bloomberg)

Fed Entering Brave New Policy World as Rates Near Normal Levels (Bloomberg)