해외동향 | Decentralised financial technologies: Report on financial stability, regulatory and governance ... | 한국금융연구원

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2019-06-11 일자 [제 19-43 호]

Decentralised financial technologies: Report on financial stability, regulatory and governance implications
FSB (2019-06-11)

This report considers the financial stability, regulatory and governance implications of the use of decentralised financial technologies such as those involving distributed ledgers and online peer-to-peer, or user-matchi ..  more

The Tradeoff between Monetary Policy and Bank Stability
IJCB (2019-06-11)

This paper investigates the transmission of monetary policy to systemic risk of euro-area and U.S. banks between 2008 and 2015. Using market measures of systemic risk and a VAR to obtain monetary policy shocks, we find t ..  more

Should Central Banks Issue Digital Currency?
FRB of Philadelphia (2019-06-11)

We study how the introduction of a central bank-issued digital currency affects interest rates, the level of economic activity, and welfare in an environment where both central bank money and private bank deposits are us ..  more

제 목	발행기관
The use and misuse of income data and extreme poverty in the United States	AEI
Five ways to fight cybercrime and secure customer trust	BAI
Three key threats of digital transformation	BAI
Striking a balance: Drug prices, profits and incentives for innovation	Brookings
The new math of saving for retirement may boil down to this one, absurdly simple rule	Brookings
Video Games: Cloud Invaders - Bracing for the Netflix-ization of Gaming	Citi GPS
Data Governance Principles for the Global Digital Economy	CSIS
Accelerating digital innovation inside and out	Deloitte
Smart health communities and the future of health - Five core components industry and government stakeholders can consider in the shift to health and well-being	Deloitte
A Unified Measure of Fed Monetary Policy Shocks	FRB
Every Cloud has a Silver Lining: Cleansing Effects of the Portuguese Financial Crisis	FRB
Benefits and Challenges of the "CECL" Approach	FRB of Boston
Innovation across Mobile Payments: Alternative Checkout Models, Chinese Wallets, Fintechs, and Mobile Network Operators	FRB of Boston
Tap to Pay: Will Contactless Cards Pave the Way for NFC Mobile Payments in the U.S.?	FRB of Boston
Variable Annuities: Underlying Risks and Sensitivities	FRB of Boston
On Financing Retirement, Health Care, and Long-Term Care in Japan	FRB of Minneapolis
Pre-event Trends in the Panel Event-Study Design	FRB of Philadelphia
Should Central Banks Issue Digital Currency?	FRB of Philadelphia
A Progressive Road Map for Soaking the Middle Class	Heritage
Asset Price Spillovers from Unconventional Monetary Policy: A Global Empirical Perspective	IJCB
Currency Option Trading Strategies as an Alternative Tool for Central Bank Foreign Exchange Interventions	IJCB
Estimating a Phillips Curve for South Africa: A Bounded Random-Walk Approach	IJCB
External Shocks, Banks, and Optimal Monetary Policy: A Recipe for Emerging Market Central Banks	IJCB
International Monetary Policy Coordination through Communication: Chasing the Loch Ness Monster	IJCB
Liquidity Risk and Collective Moral Hazard	IJCB
Mixed-Frequency Models for Tracking Short-Term Economic Developments in Switzerland	IJCB
The Tradeoff between Monetary Policy and Bank Stability	IJCB
Blockchain and retail banking: Making the connection	McKinsey
The future of women at work: Transitions in the age of automation	McKinsey
Employee Costs of Corporate Bankruptcy	NBER
Freeing Financial Education via Tablets: Experimental Evidence from Colombia	NBER
Losing Insurance and Behavioral Health Hospitalizations: Evidence from a Large-scale Medicaid Disenrollment	NBER
Steering in Online Markets: The Role of Platform Incentives and Credibility	NBER
The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets	NBER
The Political Economy Consequences of China's Export Slowdown	NBER
What Do Employee Referral Programs Do?	NBER
Time To Switch Rates: Libor Transition	Oliver Wyman
Pathways to 2050 - Alternative Scenarios for Decarbonizing the U.S. Economy	RAND

제 목	발행기관
The long-run effects of uncertainty shocks	Bank of England
Can large trade shocks cause crises? The case of the Finnish-Soviet trade collapse	Bank of Finland
Sovereign Default and Imperfect Tax Enforcement	Bank of France
Jobs multipliers: evidence from a large fiscal stimulus in Spain	Bank of Spain
Active Short Selling by Hedge Funds	CEPR
Effective policies and social norms in the presence of driverless cars: Theory and experiment	CEPR
Financial Crises and Liberalisation: Progress or Reversals?	CEPR
Artificial intelligence in banking - A lever for profitability with limited implementation to date	Deutsche Bank
Measuing trends and persistence in capital and labor misallocation	DNB
Is there a zero lower bound? The effects of negative policy rates on banks and firms	ECB
Advancing a global transition to clean energy - the role of international cooperation	Economics
The portfolio theory of inflation and policy (in)effectiveness	Economics
Making Affordable Housing a Reality in Cities	WEF

제 목	발행기관
Improving Education, Skills, and Employment in Tourism: Almaty-Bishkek Economic Corridor	ADB
Rethinking the Limits of Climate Change Adaptation	ADB
Determinants of International Remittance Inflows in Middle-Income Countries in Asia and the Pacific	ADBI
금융규제법에 있어서 예금수납업무 제한 완화에 대한 고찰 (In Japanese)	BOJ
최근 인틀레 동학을 둘러싼 논점: 일본의 경험 (In Japanese)	BOJ
일본에 있어서 AI기술 도입에 따른 고용환경 영향에 관한 조사연구 (In Japanese)	ESRI
디지털 과세 도입 논의와 과제 (In Japanese)	JRI
디지털 전환의 새로운 단계와 요구되는 환경 정비 (In Japanese)	JRI
태국에서는 실질적인 군정이 지속 - 신정권 발족후 정치혼란 리스크는 상존 (In Japanese)	Mizuho Research Institute
Females, the Elderly, and Also Males: Demographic Aging and Macroeconomy in Japan	RIETI

제 목	발행기관
A discussion paper on central counterparty default management auctions	BIS
Effects of a mandatory local currency pricing law on the exchange rate pass-through	BIS
Import prices and invoice currency: evidence from Chile	BIS
Industry heterogeneity and exchange rate pass-through	BIS
Regulatory complexity and the quest for robust regulation	ESRB
Decentralised financial technologies: Report on financial stability, regulatory and governance implications	FSB
Eval‎uation of the effects of financial regulatory reforms on small and medium-sized enterprise (SME) financing: Consultation report	FSB
Overnight Risk-Free Rates: A User's Guide	FSB
Market Regulation, Cycles and Growth in a Monetary Union	IMF
Stranded! How Rising Inequality Suppressed US Migration and Hurt Those Left Behind	IMF
Taxing vehicles, fuels, and road use - Opportunities for improving transport tax practice	OECD
The use of revenues from carbon pricing	OECD
What is happening to middle skill workers?	OECD
China's High-Speed Rail Development	World Bank
From Theory to Practice : Open Government Data, Accountability, and Service Delivery	World Bank
Global Economic Prospects, June 2019	World Bank
Latin American Growth : A Trade Perspective	World Bank
State and Trends of Carbon Pricing 2019	World Bank

제 목	발행기관
Japans Buoyant Growth Figures Mask Weaknesses in Economy	bloomberg
Japans Economy Set to Shrink in Second Quarter	bloomberg
How Our China Trade War Could Become a War War	bloomberg
The Bond Market Rubicon Has Been Crossed	bloomberg
Australian Pension Funds Scale Back Trump Infrastructure Ambitions	bloomberg
World Bank Cuts Global Outlook as Trade Tumbles to Decade Low	bloomberg
Loans That Can Help Save the World Finally Gain Ground in Asia	bloomberg
Wall Street Warns of Mounting Recession Risk From Trade War	bloomberg
How the pursuit of leisure drives internet use	economist
Why the European Union should not ditch bilateral investment treaties	economist
President Donald Trump is trashing deals in favour of tariffs	economist
The Federal Reserve is reviewing its monetary-policy framework	economist
A revolutionary treatise goes on the block	economist
Floods and storms are altering American attitudes to climate change	economist
Despite setbacks aviation is changing fast	economist
Donald Trump vows to use tariffs to punish Mexico for migrants	economist
China to roll out export controls on sensitive technology	ft
Will inflation data give the Fed a good reason to cut rates	ft
South Korea defends economic restructuring despite growth fears	ft
Young activists work hard to make a living	ft
Australia cuts interest rate for first time in 3 years	ft
Jay Powell says Fed is ready to act if trade wars hit economy	ft
Rate cut may be warranted soon says US Feds Bullard	ft
Top banks push ahead with digital coins for 2020	ft
Bets on Falling Interest Rates Unleash Gold Rally	wsj
Some Investors Had Hunch Yields Were About to Fall	wsj
ECB Raises Prospect of Rate Cut Follows Fed Lead	wsj
New SEC Rule Heightens Broker Responsibilities to Investors	wsj
Powell Suggests Fed Could Cut Rates If Trade Spat Escalates	wsj
Trade Tensions Prompt Fed to Put Interest Rate Cut in Play	wsj
Low Inflation Trap That Ensnared Japan and Europe Worries Fed	wsj
Plunging Yields Expose Sorry State of European Banks	wsj