Showing 1 - 10 of 23
This report examines institutional investor participation in markets for digital assets, including crypto-assets and decentralised finance (DeFi). It considers and tests potential drivers of growing supply and demand for such assets by institutional investors, analyses the potential for...
Persistent link: https://www.econbiz.de/10013278696
Discussions on Central Bank Digital Currencies (CBDCs) have so far mostly focused on the potential risks that these currencies could represent for financial intermediation and financial stability. It is important, however, to also consider how they could contribute to the welfare of citizens,...
Persistent link: https://www.econbiz.de/10014435854
This paper analyses the mechanisms involved in the recent failings in crypto-asset markets, focusing on events in 2022 through September. The paper assesses the role of centralised finance (CeFi) and decentralised finance (DeFi), and the disproportionate impact the crypto market turmoil has had...
Persistent link: https://www.econbiz.de/10013523722
Crypto-asset markets are rapidly developing and reached USD 3tn in late 2021, yet the infrastructure supporting mainstream crypto-assets, such as the Bitcoin, use an enormous amount of energy. This paper explores the growing environmental impact of crypto-assets due to increasing institutional...
Persistent link: https://www.econbiz.de/10013523747
Decentralised finance, including crypto-asset markets and DeFi protocol activity, has been promoted as a tool to support the democratisation of finance. This report presents quantitative evidence from ASEAN economies that participation in decentralised finance markets has been largely driven by...
Persistent link: https://www.econbiz.de/10014568459
This report analyses the emergence and potential of ICOs as a financing mechanism for start-ups and SMEs, examines the benefits and challenges of this mechanism for small businesses and investors, and discusses the policy implications of ICO activity for the inclusive financing of SMEs and the...
Persistent link: https://www.econbiz.de/10015083296
What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these … fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and … other shock-prone countries. This paper provides new evidence on these contentious issues, and discusses policy implications …
Persistent link: https://www.econbiz.de/10011543266
Persistent link: https://www.econbiz.de/10001494642
Persistent link: https://www.econbiz.de/10001355518
The double blow of coronavirus (COVID-19) and the oil price shock is hitting oil-exporting developing countries …
Persistent link: https://www.econbiz.de/10012512102