Central Bank Digital Currency and Banking Bank of Canada (2019-06-04)
Many central banks are considering whether to issue a new form of electronic money that would be accessible to the public. This new form is usually called a central bank digital currency (CBDC). Issuing a CBDC would have .. more |
Perspectives on U.S. Monetary Policy Tools and Instruments NBER (2019-06-04)
The Federal Reserve characterizes its current policy decisions in terms of targets for the fed funds rate and the size of its balance sheet. The fed funds rate today is essentially an administered rate that is heavily in .. more |
Changing Vulnerability in Asia: Contagion and Systemic Risk ADB (2019-06-04)
This paper shows how the international financial network has developed as Asia became an increasingly important market since the year 2000. It tracks progress through the 1997-1998 Asian financial crisis, the 2008 .. more |