Author: Mr.Alexei P Kireyev
Publisher: International Monetary Fund
ISBN: 1475589387
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
The paper presents a simple framework for the analysis of the macroeconomic implications of de-cashing. Defined as replacing paper currency with convertible deposits, de-cashing would affect all key macroeconomic sectors. The overall macreconomic impact of de-cashing would depend on the balance of growth-enhancing and growth-constraining factors. Starting from a traditional saving-investment balance, the paper develops a four-sector macroeconomic framework. It is purely illustrative and is designed to provide a roadmap for a systematic evaluation of de-cashing. The framework is disaggregated into the real, fiscal, monetary, and external sectors and potential implications of de-cashing are then identified in each sector. Finally, the paper draws a balance on possible positive and negative macroeconomic implications of de-cashing, and proposes policies capable of augmenting its economic and social benefits, while reducing potential costs.
Author: Ms. Kazuko Shirono
Publisher: International Monetary Fund
ISBN: 1513587854
Category : Business & Economics
Languages : en
Pages : 41
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Book Description
The rapid uptake of mobile money in recent years has generated new data needs and growing interest in understanding its impact on broad money. This paper reviews mobile money trends using mobile money data from the Financial Access Survey (FAS) and examines the statistical treatment of mobile money under the IMF’s Monetary and Financial Statistics (MFS) framework. MFS guidance is straightforward in most cases, as many jurisdictions have adopted regulations which ensure that mobile money is captured in the banking system and thus in the calculation of broad money. However, in cases where mobile network operators (MNOs) act as niche financial intermediaries outside the banking regulatory perimeter and are allowed to invest their customer funds in sovereign securities and other permitted assets, mobile money liabilities may remain outside the banking system as well as monetary statistics. In that case, information on mobile money liabilities need to be collected directly from MNOs to account for mobile money as part of broad money.
Author: Moosa, Imad A.
Publisher: Edward Elgar Publishing
ISBN: 1802206345
Category : Business & Economics
Languages : en
Pages : 253
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Book Description
This incisive book presents a critical evaluation of fintech, the use of technology to provide financial services. While fintech has been hailed as a game changer and a disruptor, Imad Moosa illustrates critical similarities between the present popularity of fintech and the dot-com hype of the early 2000s.
Author: OECD
Publisher: OECD Publishing
ISBN: 926444906X
Category :
Languages : en
Pages : 110
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Book Description
The Swedish economy is growing steadily, but the expansion has peaked and global uncertainties weigh on the outlook. Monetary and fiscal stimulus has supported the recovery, but is being gradually withdrawn as the economy operates close to full capacity. Strong public finances provide space for fiscal loosening in the case of a downturn, especially as low interest rates reduce monetary policy margins. Beyond a strong economy, Sweden enjoys high well-being, low inequality and strong environmental performance.
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1484349946
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
This report discusses fiscal trends in policies aimed at reducing fiscal vulnerabilities and boosting medium-term growth, recent fiscal developments and the fiscal outlook in advanced economies, emerging markets, and low-income developing countries; recent trends in government debt and analysis of changes in fiscal balances, revenue, and spending; potential fiscal risks; and growth from the fiscal policies. It also describes how digitalization can help governments improve implementation of current policy and widen the range of policy options, and opportunities and risks for fiscal policy, including improvements in policy implementation, the design of future policy, and how digitalization can create opportunities for fraud and increase government vulnerabilities.
Author: Allen N. Berger
Publisher:
ISBN: 0198824637
Category : Business & Economics
Languages : en
Pages : 1309
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Book Description
This third edition of the definitive guide to banking provides an overview and analysis of developments and research in the field written by leading academics, researchers, and practitioners.
Author: Toby Green
Publisher: Hurst Publishers
ISBN: 1805260111
Category : Social Science
Languages : en
Pages : 368
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Book Description
During the first years of the pandemic, the political mainstream agreed that ‘following the science’ with hard lockdowns and vaccine mandates was the best way to preserve life. But social science reveals the true human cost of this policy. The Covid Consensus provides an internationalist-left perspective on the world’s Covid-19 response, which has had devastating consequences for democratic rights and the poor worldwide. As the fortunes of the richest soared, nationwide shutdowns devastated small businesses, the working classes and the Global South’s informal economies. Gender-based violence surged, and the mental health of young people was severely compromised. Meanwhile, unprecedented health restrictions prevented participation in daily life without proof of vaccination. Toby Green and Thomas Fazi argue that these policies grossly exacerbated existing trends of inequality, mediatisation and surveillance, with grave implications for the future. Rich in human detail, The Covid Consensus tackles head-on the refusal of the global political class and mainstream media to report the true extent of the erosion of democratic processes and the socioeconomic assault on the poor. As the world emerges from the pandemic to confront new modes of monitoring and control, this left-wing reappraisal of global Covid policies exposes the injustices and political failings that have produced the biggest crisis since the Second World War.
Author: Malcolm Campbell-Verduyn
Publisher: Routledge
ISBN: 1351814079
Category : Political Science
Languages : en
Pages : 323
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Book Description
Since the launch of Bitcoin in 2009 several hundred different ‘cryptocurrencies’ have been developed and become accepted for a wide variety of transactions in leading online commercial marketplaces and the ‘sharing economy’, as well as by more traditional retailers, manufacturers, and even by charities and political parties. Bitcoin and its competitors have also garnered attention for their wildly fluctuating values as well as implication in international money laundering, Ponzi schemes and online trade in illicit goods and services across borders. These and other controversies surrounding cryptocurrencies have induced varying governance responses by central banks, government ministries, international organizations, and industry regulators worldwide. Besides formal attempts to ban Bitcoin, there have been multifaceted efforts to incorporate elements of blockchains, the peer-to-peer technology underlying cryptocurrencies, in the wider exchange, recording, and broadcasting of digital transactions. Blockchains are being mobilized to support and extend an array of governance activities. The novelty and breadth of growing blockchain-based activities have fuelled both utopian promises and dystopian fears regarding applications of the emergent technology to Bitcoin and beyond. This volume brings scholars of anthropology, economics, Science and Technology Studies, and sociology together with GPE scholars in assessing the actual implications posed by Bitcoin and blockchains for contemporary global governance. Its interdisciplinary contributions provide academics, policymakers, industry practitioners and the general public with more nuanced understandings of technological change in the changing character of governance within and across the borders of nation-states.
Author: Kenneth S. Rogoff
Publisher: Princeton University Press
ISBN: 1400888727
Category : Business & Economics
Languages : en
Pages : 318
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Book Description
“A brilliant and lucid new book” (John Lanchester, New York Times Magazine) about why paper money and digital currencies lie at the heart of many of the world’s most difficult problems—and their solutions In The Curse of Cash, acclaimed economist and bestselling author Kenneth Rogoff explores the past, present, and future of currency, showing why, contrary to conventional economic wisdom, the regulation of paper bills—and now digital currencies—lies at the heart some of the world’s most difficult problems, but also their potential solutions. When it comes to currency, history shows that the private sector often innovates but eventually the government regulates and appropriates. Using examples ranging from the history of standardized coinage to the development of paper money, Rogoff explains why the cryptocurrency boom will inevitably end with dominant digital currencies created and controlled by governments, regardless of what Bitcoin libertarians want. Advanced countries still urgently need to stem the global flood of large paper bills—the vast majority of which serve no legitimate purpose and only enable tax evasion and other crimes—but cryptocurrencies are like $100 bills on steroids. The Curse of Cash is filled with revealing insights about many of the most pressing issues facing monetary policymakers, from quantitative easing to alternative inflation targeting regimes. It also explains in detail why, if low interest rates persist, the best way to reinvigorate monetary policy is to implement fully effective and unconstrained negative interest rates. Provocative, engaging, and backed by compelling original arguments and evidence, The Curse of Cash has sparked widespread debate and its ideas have moved to the center of financial and policy discussions.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1484315448
Category : Business & Economics
Languages : en
Pages : 19
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Book Description
The Summer 2017 issue of the IMF Research Bulletin highlights new research such as recent IMF Working Papers and Staff Discussion Notes. The Research Summaries are “Structural Reform Packages, Sequencing, and the Informal Economy (by Zsuzsa Munkacsi and Magnus Saxegaard) and “A Broken Social Contract, Not High Inequality Led to the Arab Spring” (by Shantayanan Devarajan and Elena Ianchovichina). The Q&A section features “Seven Questions on Fintech” (by Tommaso Mancini-Griffoli). The Bulletin also includes information on recommended titles from IMF Publications and the latest articles from the IMF Economic Review.
