Data vs collateral BIS (2020-09-08)
The use of massive amounts of data by large technology firms (big techs) to assess firms' creditworthiness could reduce the need for collateral in solving asymmetric information problems in credit markets. Using a unique .. more |
Narrow Banking with Modern Depository Institutions: Is There a Reason to Panic? IJCB (2020-09-08)
What would be the effect of imposing a 100 percent reserve requirement to depository institutions? This paper contends that reserves do not compete with loans on the asset side of banks' balance sheets. Thus, they only a .. more |
Offshore Currency Markets: Non-Deliverable Forwards (NDFs) in Asia IMF (2020-09-08)
Non-deliverable forward (NDF) markets in many Asian emerging market currencies are large, rapidly growing, and often exceed onshore markets in transaction volume. NDFs tend to price significant depreciation during market .. more |