Recent years have seen a growing divergence in how central banks approach climate change. For instance, while Jerome Powell, Chairman of the Federal Reserve System, underscores that the Fed doesn’t view itself as a “climate policymaker,” the Bank of England and the European Central Bank have been more proactive, advocating for an economy-wide transition to… Read More »
Crypto assets exhibit considerable design and value proposition differences, ranging from inflation protection to facilitating more streamlined payments, ensuring censorship-resistant computing, and safeguarding property rights. Nevertheless, their prices often exhibit similar cyclical patterns. Surge periods with substantial returns have lured both retail and institutional investors. Meanwhile, the subsequent market downturns have garnered growing scrutiny from… Read More »
The past few years have witnessed the rise of the central bank digital currency (or CBDC), with many countries exploring and testing the viability of issuing a CBDC and dissecting their political and economic implications. The current literature surrounding CBDCs focuses mainly on technical design, institutional architecture, financial inclusion benefits, macroeconomic implications, and financial stability… Read More »
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