Embedded supervision: how to build regulation into blockchain finance BIS (2019-09-24)
The spread of distributed ledger technology (DLT) in finance could help to improve the efficiency and quality of supervision. This paper makes the case for embedded supervision, ie a regulatory framework that provides fo .. more |
The future of Asia: Asian flows and networks are defining the next phase of globalization McKinsey (2019-09-24)
Asia is increasingly the center of the world economy. By 2040, the region could account for more than half of global GDP and about 40 percent of global consumption. Global cross-border flows are shifting towards Asia on .. more |
U.S. Monetary Policy and International Risk Spillovers NBER (2019-09-24)
I show that monetary policy divergence vis-a-vis the U.S. has larger spillover effects in emerging markets than advanced economies. The monetary policy of the U.S. affects domestic credit costs in other countries through .. more |