해외동향 | Central bank digital currencies: The case of universal central bank reserves | 한국금융연구원

[LHKOREA]

2019-07-23 일자 [제 19-54 호]

메일 서비스 휴간 안내

다음 주(7월 30일, 8월 1일)에는 최신 연구동향 이메일 서비스가 발송되지 않습니다.
이용에 참고하시기 바랍니다.

Central bank digital currencies: The case of universal central bank reserves
Central Bank of Luxembourg (2019-07-23)

We analyse several motivations for the introduction of a widely accessible central bank digital currency (CBDC). If a central bank decided to offer a CBDC, its design would have to consider different areas of central ban ..  more

Measuring contagion risk in international banking
BIS (2019-07-23)

We propose a distress measure for national banking systems that incorporates not only banks' CDS spreads, but also how they interact with the rest of the global financial system via multiple linkage types. The measure is ..  more

Ageing and productivity growth in OECD regions : Combatting the economic impact of ageing through productivity growth?
OECD (2019-07-23)

OECD countries and their regions are ageing fast. In principle, the negative impact of ageing on the growth rate of per capita gross domestic product could be offset by increases in productivity. However, for many region ..  more

제 목	발행기관
Seeing CECL's competitive advantage	BAI
Three global fintech innovations that created real value	BAI
The Effects of Inflation Targeting for Financial Development	Bank of Canada
The Impact of a Trade War: Assessment of the Current Tariffs and Alternative Scenarios	Bank of Canada
Looking before we leap: Weighing the risks of US-China disengagement	Brookings
The Risk of Fiscal Collapse in Coal-Reliant Communities	Center on Global Energy Policy
Factory of the Future	Citi GPS
Measuring the Liquidity Profile of Mutual Funds	FRB
Pricing Poseidon: Extreme Weather Uncertainty and Firm Return Dynamics	FRB
A New Look at Historical Monetary Policy and the Great Inflation through the Lens of a Persistence-Dependent Policy Rule	FRB of Cleveland
Identifying News Shocks with Forecast Data	FRB of Dallas
Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis	FRB of Dallas
Time-Varying Money Demand and Real Balance Effects	FRB of Dallas
Uncertainty and Labor Market Fluctuations	FRB of Dallas
Understanding the Evolution of Student Loan Balances and Repayment Behavior: Do Institution Type and Degree Matter?	FRB of New York
Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets	FRB of New York
The Effects of Gentrification on the Well-Being and Opportunity of Original Resident Adults and Children	FRB of Philadelphia
Robots or Workers? A Macro Analysis of Automation and Labor Markets	FRB of San Francisco
Trade and Prosperity in the States: The Case of Washington	Heritage
Asia's future is now	McKinsey
Lessons from leaders in Latin America's retail banking market	McKinsey
The future of work in America: People and places, today and tomorrow	McKinsey
China's Industrial Policy: an Empirical Eval‎uation	NBER
Partial Default	NBER
The Cost of a Carbon-Free Electricity System in the U.S.	NBER
The Information View of Financial Crises	NBER
The Value of Government Debt	NBER
Who is a Passive Saver Under Opt-In and Auto-Enrollment?	NBER
Risk-Based Capital Development In India	Oliver Wyman
Aggregate Effects of Budget Stimulus: Evidence from the Large Fiscal Expansions Database	PIIE
Keeping Up with the Future: Upgrading Forecasts of Political Instability and Geopolitical Risk	PIIE
Who's Winning the US-China Trade War? It's Not the United States or China	PIIE
Algorithmic Equity - A Framework for Social Applications	RAND
Hacked Autonomous Vehicles: Who May Be Liable for Damages?	RAND

제 목	발행기관
Revisiting the global decline of the (non-housing) labor share	Bank of England
ALIENOR, a Macrofinancial Model for Macroprudential Policy	Bank of France
Disinflationary shocks and inflation target uncertainty	Bank of Italy
Exchange rate dynamics and unconventional monetary policies: it's all in the shadows	Bank of Italy
Using credit variables to date business cycle and to estimate the probabilities of recession in real time	Bank of Italy
Quality of enforcement and investment decisions. Firm-level evidence from Spain	Bank of Spain
The elasticity of taxable income in Spain: 1999-2014	Bank of Spain
Central bank digital currencies: The case of universal central bank reserves	Central Bank of Luxembourg
Ambiguous Leverage Cycles	CEPR
Clients' Connections: Measuring the Role of Private Information in Decentralised Markets	CEPR
Correlation Risk, Strings and Asset Prices	CEPR
The Social Costs of Side Trading	CEPR
The Term Structure of Government Debt Uncertainty	CEPR
Capital flows in the euro area and TARGET2 balances	Deutsche Bundesbank
Security design and credit rating risk in the CLO market	DNB
Macroprudential policy at the ECB: Institutional framework, strategy, analytical tools and policies	ECB
Phillips curves in the euro area	ECB
A new societal contract	Economics
Building Value with Blockchain Technology: How to Eval‎uate Blockchain's Benefits	WEF
Ending Illegal Fishing: Data Policy and the Port State Measures Agreement	WEF
Shared, Electric and Automated Mobility (SEAM) Governance Framework: Prototype for North America and Europe	WEF
Biases in Fiscal Multiplier Estimates	ZEW

제 목	발행기관
A New Index of Globalization: Measuring Impacts of Integration on Economic Growth and Income Inequality	ADB
Asian Development Outlook 2019 Supplement: Outlook Steady Even as Trade Tensions Persist	ADB
The Social Protection Indicator for the Pacific: Assessing Progress	ADB
A Literature Review Eval‎uating New Approaches to Resolving the Sanitation Challenge in Developing Asia	ADBI
Cryptocurrency Regulations: Institutions and Financial Openness	ADBI
How to Avoid Household Debt Overhang? An Analytical Framework and Analysis for India	ADBI
The Gender Gap in Peer-to-Peer Lending: Evidence from the People's Republic of China	ADBI
Sovereign Default Triggered by Inability to Repay Debt	BOJ
가계의 자산선택행동 : 동학적 패널분석을 이용한 자산선택 메커니즘 검증 (In Japanese)	BOJ
신흥국의 자본흐름 동향 (In Japanese)	BOJ
암호자산의 거래추적 곤란성과 익명성 : 연구동향과 과제	BOJ
은행 규제에 있어서 회계정보의 의의 (In Japanese)	BOJ
자연언어 처리에 의한 경기체감뉴스지수 구축과 변동성 예측에 대한 응용 (In Japanese)	BOJ
Abenomics, the Housing Market, and Consumption	ESRI
고령자의 유산동기와 저축행동 : 설문조사 데이터를 이용한 실증분석 (In Japanese)	ESRI
Analysis of the Impact of UN Sanctions on North Korea?s Luxury Goods Imports	JCER
Korean Unification: Economic Adjustments Under German Assumptions	JCER
Market Activities and Trust of North Korean Refugees	JCER
North Korea: Sanctions, Engagement and Strategic Reorientation	JCER
The Logic of Survival of North Korea	JCER
글로벌 밸류체인 재편과 일본경제 (In Japanese)	JCER
Understanding labour market developments in New Zealand, 1986-2017	Reserve Bank of New Zealand

제 목	발행기관
Measuring contagion risk in international banking	BIS
EU Non-bank Financial Intermediation Risk Monitor 2019	ESRB
Regulatory framework for haircuts on non-centrally cleared securities financing transactions (Transforming Shadow Banking into Resilient Market-based Finance)	FSB
Assessing IMF Lending: a Model of Sample Selection	IMF
European Wage Dynamics and Spillovers	IMF
Impacts of Labor Market Institutions and Demographic Factors on Labor Markets in Latin America	IMF
New Insights into ECCU's Tourism Sector Competitiveness	IMF
Ageing and productivity growth in OECD regions : Combatting the economic impact of ageing through productivity growth?	OECD
How are digital technologies changing innovation? : Evidence from agriculture, the automotive industry and retail	OECD
Job polarisation and the middle class : New evidence on the changing relationship between skill levels and household income levels from 18 OECD countries	OECD
Roles and responsibilities of actors for digital security	OECD
The effects of zero rating (on competition and innovation)	OECD

제 목	발행기관
China Opens Up Financial Sector to More Foreign Investment	bloomberg
Powell Preference and FOMC Split Support Quarter Point July Cut	bloomberg
The US Dollar Is Unlikely to Lose Its Top Spot to Libra or the Yuan	bloomberg
Top Fed Officials See Prudence of Acting Early to Sustain Growth	bloomberg
Facebook Crypto Plan Draws Fresh Fury From House Democrats	bloomberg
Risk Is Ramping Up in Property CLOs Revived After the Crisis	bloomberg
Biggest Banks Feel Fed Pain as Lower Rates Start to Hit Revenue	bloomberg
Trump Says He Could Impose More China Tariffs If He Wants	bloomberg
BOJ Would Back Government Stimulus in October	bloomberg
South Korea Warns Japanese Economic Blow Could Backfire	bloomberg
Many think the European Central Bank will cut rates soon	economist
The future of insurance is happening without insurance firms	economist
Space law is inadequate for the boom in human activity there	economist
The 2020 campaign will be more racially divisive than 2016 was	economist
Calls to rein in the tech titans are getting louder	economist
Should university be free	economist
America mulls regulating facial recognition	economist
What is Libra	economist
Investing in the age of deglobalisation	ft
Wages are a poor guide for monetary policy	ft
The strength of the dollar is not born in the USA	ft
Womenomics cracks are beginning to show in Japans glass ceiling	ft
Facebook rejects lawmaker demands to halt cryptocurrency	ft
Feds end Trump hush money probe	ft
Donald Trump is wrong drags on Chinese growth are homegrown	ft
Goldman stands out from rivals with equities trading rebound	ft
Facebook launches tool to shutdown online scams	ft
Steven Mnuchin joins Facebook critics on Libra cryptocurrency	ft
Central Banks Are in Sync on Need for Fresh Stimulus	wsj
Investors Look Forward to GDP Data Before Fed Decision	wsj
Cryptocurrency to the Rescue	wsj
Global Easing Cycle Gains Momentum as Central Banks Cut Rates	wsj
Chinas State Driven Growth Model Is Running Out of Gas	wsj
Consumers Lift Profit at Bank of America	wsj
Consumer Lending Powers Big Bank Earnings Upstaging Wall Street	wsj
IRAs in Political Sights	wsj
Facebook Confronts Bipartisan Resistance to Cryptocurrency Plans	wsj
Putting the Equity Back Into Private Equity	wsj