 주목할만한 연구
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Big techs, credit, and digital money This paper examines how digital payment ledgers operated by BigTech platforms and central banks can expand uncollateralized credit. However, policymakers face a trilemma ? no system can simultaneously achieve efficient c .. more
BIS (2025-11-21) |
| Geopolitical Risk, Capital Flow Volatility, and Asset Market Spillovers While these risks have negative spillovers across all economies, emerging economies are especially impacted through bond yields and exchange rates. The paper also shows that deeper financial development, higher central b .. more
ADB (2025-11-21) |
| Central Bank Exploration of Tokenized Reserves How should central banks explore tokenized reserves? Central banks are increasingly exploring how to make their reserves available to selected banks using distributed ledger technology, referred to as tokenized reserves. .. more
IMF (2025-11-19) |
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