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 whdoi:10.21799/frbp.wp.2019.26Keister, ToddSanches, Daniel RSocial Science Electronic Publishing...
At least 86 percent of central banks across the globe are actively researching digital currencies, according to a survey by the Bank for International Settlements, a Swiss institution known as “a central bank for central banks.” Nearly one-third are testing currency, and the European Central Ba...
On August 3, the people's Bank of China held a teleconference on the work of the second half of 2020. The meeting required that the people's Bank of China should comprehensively implement the decision-making and deployment of the Party Central Committee and the State Council, adhere to the ...
Central banks' push toward digital currencies was catalyzed in part byFacebook'splan to introduce its own token in partnership with other private companies. Initially called Libra but now known as Diem, the project drew an instant backlash from regulators around the world due to worries that it ...
I’ve lived in Central London for almost two years. During this time, I’ve experienced plenty of situations to dispel many of the preconceived notions I had about life in the UK. It’s not as if I’d never been here before; I spent a few months studying at a university in the mid...
COPPA is a U.S. law that requires you to obtain parental consent for collection and use of personal information from children below 13 years of age. What is COPPA The COPPA law (Children's Online Privacy Protection Act), which operates under the Fe
Why are central bank so geared towards government bonds?Historically, central banks have been known as the government’s bank. In this subservient relationship, central banks offered to fund the government in return for favors like monopolies over the note issue. Central bank’s home bias and a...
Asset management is one of the few opportunities European banks have for growth and good returns, but regulation is challenging the captive market and margins are falling. Can banks build their own versions of the low-cost US fund management firms – or are these few remaining crown j...
Central banks are currently finding private permissioned blockchain (countrywide and not international) fit for the purpose. As things continue to develop, however, public blockchain may become the mainstream of global payments, and central banks may consider settling on one digital currency in the ...
The EU has a long history of Electronic Money Institutions (EMIs), which can issue and redeem digital euros, and those institutions back their digital euros with real euros held in a bank, or in some cases, the central bank. This could set the example for regulators in other jurisdictions,...