해외동향 | The Economics of Cryptocurrencies - Bitcoin and Beyond | 한국금융연구원

[LHKOREA]

2019-10-01 일자 [제 19-71 호]

메일 서비스 휴간 안내

이번 주 목요일(10월 3일)에는 최신 국내연구동향 이메일서비스가 발송되지 않습니다.
이용에 참고하시기 바랍니다.

The Economics of Cryptocurrencies - Bitcoin and Beyond
Bank of Canada (2019-10-01)

A cryptocurrency system such as Bitcoin relies on a decentralized network of anonymous validators to maintain and update copies of the ledger in a process called mining. In such a permissionless system, someone can cheat ..  more

China's Impact on Global Financial Markets
NBER (2019-10-01)

We analyze shifts in the structure of China’s capital outflows over the past decade. The composition of gross outflows has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflow ..  more

Population Aging and Structural Transformation
NBER (2019-10-01)

We propose and quantify a novel mechanism behind the structural transformation process: older individuals devote a larger share of their expenditures to services, so the relative size of the service sector grows as the p ..  more

제 목	발행기관
China's Private Banking Industry: Back to Basics	Bain & Company
Insurers: How to Lead in the New Era of Connectivity	Bain & Company
Bank Runs, Portfolio Choice, and Liquidity Provision	Bank of Canada
The BoC-BoE Sovereign Default Database: What's New in 2019?	Bank of Canada
The Economics of Cryptocurrencies - Bitcoin and Beyond	Bank of Canada
What Does Structural Analysis of the External Finance Premium Say About Financial Frictions?	Bank of Canada
Productivity, Markups, and Trade: Evidence from Mexican Manufacturing Industries	Bank of Mexico
Gender and racial diversity of federal government economists	Brookings
The geography of poverty hotspots	Brookings
A Volatility Smile-Based Uncertainty Index	Central Bank of Brazil
Bailing in Banks: costs and benefits	Central Bank of Brazil
Elections, Heterogeneity of Central Bankers and Inflationary Pressure: the case for staggered terms for the president and the central banker	Central Bank of Brazil
Sectoral Countercyclical Buffers in a DSGE Model with a Banking Sector	Central Bank of Brazil
Making Digital Credit Truly Responsible	CFI
Beyond the Brink: Escalation and Conflict in U.S.-China Economic Relations	CSIS
Strategic Directions for the United States International Development Finance Corporation (DFC)	CSIS
Okun Revisited: Who Benefits Most from a Strong Economy	FRB
Tractable Rare Disaster Probability and Options-Pricing	FRB
Does Getting a Mortgage Affect Credit Card Use?	FRB of Boston
The Politics of Flat Taxes	FRB of Cleveland
Privacy Regulation and Quality Investment	FRB of Kansas
Use it or Lose it: Efficiency Gains from Wealth Taxation	FRB of Minneapolis
Corporate Yields and Sovereign Yields	FRB of San Francisco
Going Negative at the Zero Lower Bound: The Effects of Negative Nominal Interest Rates	FRB of San Francisco
Macroeconomic Implications of Uniform Pricing	FRB of St. Louis
What Does Financial Crisis Tell Us About Exporter Behavior and Credit Reallocation?	FRB of St. Louis
China digital consumer trends in 2019	McKinsey
The analytics academy: Bridging the gap between human and artificial intelligence	McKinsey
China's Impact on Global Financial Markets	NBER
Demographic Effects on the Impact of Monetary Policy	NBER
FinTech, BigTech, and the Future of Banks	NBER
Hedging Macroeconomic and Financial Uncertainty and Volatility	NBER
Misfortune and Mistake: The Financial Conditions and Decision-making Ability of High-cost Loan Borrowers	NBER
Mortgage Finance in the Face of Rising Climate Risk	NBER
On Fintech and Financial Inclusion	NBER
Population Aging and Structural Transformation	NBER
The Deregulation of the Private Equity Markets and the Decline in IPOs	NBER
Trade Flows and Exchange Rates: Importers, Exporters and Products	NBER
Next Generation Fraud Risk Management In Asia	Oliver Wyman

제 목	발행기관
Three indicators can reveal SME insolvency risk up to four years in advance	Allianz
In the face of spillovers: prudential policies in emerging economies	Bank of England
Liquidity transformation, collateral assets and counterparties	Bank of England
Bilateral swap agreement and Renminbi settlement in cross-border trade	Bank of Finland
Has banks' monitoring of other banks strengthened post-crisis? Evidence from the European overnight market	Bank of Finland
Challenges ahead for the European Central Bank: Navigating in the dark?	Bruegel
Simple Rules for Better Fiscal Policies in Europe	Bruegel
The European Union-Mercosur Free Trade Agreement: Prospects and risks	Bruegel
Hidden Wealth	CEPR
Monetary policy for commodity booms and busts	CEPR
Will Artificial Intelligence Replace Computational Economists Any Time Soon?	CEPR
An enabling framework for carbon capture and storage (CCS) in Europe	CEPS
How EU trade policy can enhance climate action	CEPS
Estimating regional wealth in Germany: How different are east and west really?	Deutsche Bundesbank
Expectations formation, sticky prices, and the ZLB	Deutsche Bundesbank
Statistical governance and FDI in emerging economies	Deutsche Bundesbank
Uncertainty shocks and financial crisis indicators	Deutshce Bundesbank
The Nexus between Loan Portfolio Size and Volatility: Does Banking Regulation Matter?	DIW
Has the new bail-in framework increased the yield spread between subordinated and senior bonds?	ECB

제 목	발행기관
Asian Development Outlook (ADO) 2019 Update: Fostering Growth and Inclusion in Asia's Cities	ADB
Education and Skills Development under the CAREC Program: A Scoping Study	ADB
Kyrgyz Republic: Improving Growth Potential	ADB
Default Risks, Moral Hazard, and Market-Based Solution: Evidence from Renewable Energy Market in Bangladesh	ADBI
Effect of Growing Up Poor on Labor Market Outcomes: Evidence from Indonesia	ADBI
Illusion of Gender Parity in Education: Intrahousehold Resource Allocation in Bangladesh	ADBI
Trade, Foreign Direct Investment, and Pollution Abatement	ADBI
What Explains the Growing Global Demand for Cash?	ADBI
예상신용손실(ECL) 충당의 특징과 운영상 과제 (In Japanese)	BOJ
중앙은행 디지털 통화에 관한 법률문제연구회 보고서 (In Japanese)	BOJ
마이너스 금리 심화로 일어난 유럽 은행의 경영변화 (In Japanese)	Daiwa Institute of Research
우려되는 가계·기업 부채의 증가세와 리스크 (In Japanese)	IIMA
실질실효율에 기초한 대 달러화 균형치 추계 (In Japanese)	JCER
대립에서 대결로 향하는 미중관계 (In Japanese)	JRI
미국 레버리지론 시장 - 시장구조 변화와 경기악화를 가속화시킬 리스크	Mizuho Research Institute
Price Competition vs. Quality Competition: Evidence from a Survey	RIETI
Stewardship Code, Institutional Investors, and Firm Value: International Evidence	RIETI

제 목	발행기관
Interest rate spillovers from the United States: expectations, term premia and macro-financial vulnerabilities	BIS
Modelling yields at the lower bound through regime shifts	BIS
Non-Tariff Measures in Regional Trade Agreements in Asia and the Pacific: SPS, TBT and Government Procurement	ESCAP
Follow-up report on countries that received ESRB warnings in 2016 on medium-term vulnerabilities in the residential real estate sector	ESRB
Methodologies for the assessment of real estate vulnerabilities and macroprudential policies: residential real estate	ESRB
Vulnerabilities in the residential real estate sectors of the EEA countries	ESRB
Digital Connectivity in sub-Saharan Africa: A Comparative Perspective	IMF
Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development	IMF
SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia	IMF
The Riskiness of Credit Allocation and Financial Stability	IMF
What Happens if Central Banks Misdiagnose a Slowdown in Potential Output	IMF
SDG Investment Trends Monitor	UNCTAD
Trade and Development Report 2019	UNCTAD

제 목	발행기관
China Vows to Continue Opening Financial Markets	bloomberg
Facebook in Talks for Sandberg to Testify to House Next Month	bloomberg
A Unified Theory of Whats Gumming Up the Financial System	bloomberg
Repo Meltdown Shows Budget Deficit Has Limits	bloomberg
Trump Is Still Obsessed With 2016	bloomberg
Trump Understands What Markets Truly Care About	bloomberg
Altcoins Lead Cryptocurrencies Lower After Bitcoin Futures Start Slow	bloomberg
Boris Johnson Attacks Historic Court Ruling and Vows to Deliver Brexit	bloomberg
Life in China Is Getting Harder and Xi Jinping Should Worry	bloomberg
This Measure Says Growth Is Slower Under Trump Than Obama	bloomberg
A tax hike threatens the health of Japans economy	economist
Even if WeWork is in trouble the office is still being reinvented	economist
Repo market ructions were a reminder of the financial crisis	economist
The promise and the perils of impeachment	economist
Donald Trump urged Ukraine to investigate the Bidens	economist
Nancy Pelosi launches an impeachment inquiry into Donald Trump	economist
Boris Johnson and his Brexit plans suffer a blow in the Supreme Court	economist
Climate change is forcing Asian cities to rethink their flood defences	economist
Climate capitalists have serious money in climate friendly investments	economist
The threat to the southern European olive	economist
Japan property group Unizo faces shareholder revolt in deal battle	ft
This energy plan could have a dramatic impact	ft
Britain needs another Brexit extension	ft
Climate change could cause a new mortgage default crisis	ft
South Korea groups see supply chain boost in trade war with Japan	ft
Why robots see no logic in betting against central bankers	ft
China central bank head warns on strength of regional lenders	ft
Feds 2 week loans draw strong demand after repo stress	ft
Organised labour has returned	ft
The EU will never abandon the level playing field	ft
Global Slowdown Spreads Across US Economy	wsj
Investors Are Moving Into Storage Units	wsj
Big Banks Loom Over Fed Repo Efforts	wsj
How Impeachment Could Matter for Markets	wsj
New York Fed Boosts Size of Repurchase Operations	wsj
Reforms Have Made Banks Safer but Markets More Brittle	wsj
Banks Flood the Fed With Demand for Two Week Loans	wsj
Gold Climbs to Highest Point in More Than Two Weeks	wsj
Lower Income Americans Are Increasingly Job Hopping	wsj
Repo Market Tumult Raises Concerns About New Benchmark Rate	wsj