report September 24, 2021 Can fintech improve health? Abstract Access to electronic financial services, in particular digital money, has replaced the digital divide as an unintended yet significant barrier for low-income individuals to participate in new technologies, including those that lead to better health outcomes. This paper explores this problem in depth. It begins by describing and documenting the barriers, costs, and benefits to accessing and using digital... By Brookings Institute, Financial Regulation Brookings Institute
report September 20, 2021 BIS Quarterly Review, September 2021 BIS Quarterly Review for September 2021 - Risky asset and sovereign bond markets seemed to send mixed signals during the period under review.... Bank of International Settlements
report September 16, 2021 Vaccinating insurers against pandemics – a review of capital requirements for pandemic risk FSI Briefs No 15, September 2021. The Covid-19 pandemic crisis provides an opportunity to review existing regulatory requirements and to sharpen them so that they remain appropriate for future pandemics. This is despite insurers, in general, not facing significant solvency issues from increased Covid-19-related deaths.... Bank of International Settlements
report September 9, 2021 Financial technology: A hidden path to a healthier outcome? New financial technology (fintech) is transforming how people use money. Money, whether by its presence or absence, has an impact on health. What are, then, the health consequences flowing from fintech? The answer is even more important if access to fintech becomes a hidden gatekeeper in the ability to access new non-financial technology that can lead to better health... By Brookings Institute, Technology & Innovation Brookings Institute
report September 9, 2021 The Fed takes on corporate credit risk: an analysis of the efficacy of the SMCCF by Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon ZakrajšekWe evaluate the efficacy of the Secondary Market Corporate Credit Facility (SMCCF), a program designed to stabilize the U.S. corporate bond market during the Covid-19 pandemic. The Fed announced the SMCCF on March 23, 2020, and expanded the program on April 9. Our results show that the two announcements... Bank of International Settlements
report September 6, 2021 Seven decades of international banking Special Feature of the BIS Quarterly Review, September 2021 - xxxxxxxxxxxxxxxxxxxxx Debt securities markets have grown globally. Exploring the BIS international debt securities statistics, we find that the offshore affiliates of non-financial corporates (NFCs) have played an important role since the Great Financial Crisis. ...... Bank of International Settlements
report August 27, 2021 Building a more stable financial system: Unfinished business Twice in this still-young century central banks have had to take steps, unprecedented in size and scope, to limit the economic fallout from financial instability. While we can’t expect a financial system to withstand an overnight shut down of the global economy like we experienced in March 2020 without support from central banks and fiscal authorities, the financial market... By Brookings Institute, Financial Regulation Brookings Institute
report August 26, 2021 The future of money: The end of cash and the rise of digital currencies Are we heading for a cashless future? Eswar Prasad, a senior fellow at Brookings and author of the forthcoming book, “The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance,” thinks so. Credit card and cell phone payments have disrupted the physical cash market already, but Prasad says the real driving force will be central banks—as... By Brookings Institute, Financial Regulation Brookings Institute
report August 26, 2021 Step-in risk – Executive Summary Step-in risk - FSI Executive Summary... Bank of International Settlements
report August 25, 2021 Global lending conditions and international coordination of financial regulation policies by Enisse KharroubiUsing a model of strategic interactions between two countries, I investigate the gains to international coordination of financial regulation policies, and how these gains depend on global lending conditions. When global lending conditions are determined non-cooperatively, I show that coordinating regulatory policies leads to a Pareto improvement relative to the case of no cooperation. In the non-cooperative... Bank of International Settlements
