如果上个世纪的历史对我们有任何启发,那就不要低估技术创新的变革潜力。 Important questions remain. How do we manage the disruption a CBDC could create by replicating, and potentially cannibalising, the current banking structure? What if some countries migrate to a CBDC and others don’t? What new...
What is inflation anyway, and how do you come out ahead when it's high? Investing in Retail REITs Get tips on investing in real estate via retail REITs. Investing in Consumer Staples Stocks No matter what the economy, we always need these products. Investing in Top Consumer Discretionary...
The ECB could indeed achieve all this without introducing a digital euro, simply by imposing a tougher reserve requirement within the current system. But by moving to a CBDC, there is a strong argument that because it’s safer than bank deposits, retail banks should have to guarantee that saf...
*It is critical to note that Cross-Border Data Transfer (CBDT) is different from Cross-Border Data Collection (CBDC). While CBDT's regulations do not apply to CBDC cases, processing data from CBDC still falls under PIPL. 2. Headless Connection - Local & Global System Integration In additi...
Overall, “The benefits and challenges of introducing a digital pound need to be carefully considered,” KPMG UK’s Taylor said. Factors to take into account include “the fine balance between the inevitable decline in physical cash, the importance of ensuring as an economy we are being financia...
Dr. Jim Dahle has argued that he is more or lessneutral on cryptoas an asset class, and he thinks we as high-income professionals do not need crypto in our portfolios. He also stated that even if crypto does thrive, Bitcoin is akin to AOL, and it will not be the winner when all ...
Why is that and how does China do it? In this article, I take my best shot at summarizing the three primary reasons for China’s resilience: A composite “three-layered duality” structure; a pragmatic approach of experimentation, learning and adaptation; and a set of highly sophisticated ...
A surprisingly large share of demand is tied to the need for food, water, and basic services such as schools, roads, and bus service. Poor people require these basics just as much as rich people do. There are literally billions of poor people in the world. If the wages...
SMEs do not fit neatly into the consumer side, nor do they really align with larger corporates. So, the trouble comes first and foremost in the grey area of SMEs’ parameters. Hölscher added, “We need to transform the solution landscape at scale.” In doing so, the industry can ...
At the HKMA, we can never do that. As a market facilitator, we are always looking for new opportunities for our financial sector. And, as a supervisor, we are constantly working to create policy headroom so that market players can seize those opportunities. Opportunity -- China As we speak...