 주목할만한 연구
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Government Debt and Capital Accumulation in an Era of Low Interest Rates This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends .. more
NBER (2022-05-09) |
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Cross-Border Central Bank Digital Currencies, Bank Runs and Capital Flows Volatility Central banks around the world are increasingly exploring central bank digital currencies (CBDCs). This paper investigates the possible impacts of cross-border CBDCs on capital flows and financial stability in a simple o .. more
IMF (2022-05-06) |
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Big techs, QR code payments and financial inclusion Using a unique dataset of around half a million Chinese firms that use a QR code-based mobile payment system, we find that (i) the creation of a digital payment footprint allows firms to access credit provided by the sam .. more
BIS (2022-05-04) |
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