News in Systemic Risk: Wednesday, September 5, 2018 (10 a.m. ET)

What did forecasters learn during the European sovereign debt crisis about the impact of fiscal policies on economic growth? (Lucyna Górnicka, Christophe Kamps, Gerrit Koester and Nadine Leiner-Killinger, ECB)

Peter Praet: Creating an enabling environment for pan-European banks in the Banking Union (BIS)

Financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment (OECD)

How will FinTech and digital currencies transform central banking (Brookings)

Monetary Policy and Superstar Firms  (Bruegel)

Contagion or Not, These Emerging Markets Hold Key to Selloff (Bloomberg)

Decoding Currency Crises (Andres Velasco, Project Syndicate) 

PBOC Is Said to Have Drained Short-Term Liquidity in August (Bloomberg)

It’s Not Just Italy: These Are Europe’s Other (Smaller) Budget Headaches (Bloomberg)