Over the years, the demand for seamless and inexpensive cross-border payments has grown in parallel with growth in international e-commerce, remittances and tourism. Yet, cross-border payments have not kept pace with the intensive modernization that has characterized domestic payment services...

In recent years, due to innovations in technology, the concept of digital currency has emerged out of the desire of some private entities to replicate specific properties of cash in the digital space. Digital currencies have been issued in various electronic formats and value propositions, and...

Payment and settlement systems and services have become vital components of the economic life of contemporary societies. Over the last decades, they have gone through several waves of reforms that have changed the landscape of the national payments system (NPS) in virtually every country in the...

Emerging technology curation series aims to capture and share Korea experience and lessons learned in regard to exploration and adoption of emerging technologies like blockchain, AI, edge-computing, internet of things (IoT), 5G, et cetera Korea blockchain ecosystem is the first of the series and...

This paper presents an innovative yet practical framework to assess corporate sector vulnerability and the links to exchange rates and financial crises that bridges the gap between corporate finance and macroeconomic analysis. This framework missing describing how changes in aggregate value of...

This policy note highlights the important benefits that digital government can bring to a country's government and people. Specifically, it states the rationale for digital government transformation in Vietnam and lays out the what and how of a prioritization and sequencing strategy that can...

The war in Ukraine is a human tragedy for the people of Ukraine, but its economic implications are global. This instant report focuses on the direct impact of the war on world trade and investment. It identifies five trade and investment channels through which countries will be affected by the...

Nepal continues to struggle with the COVID-19 pandemic, but the ongoing COVID-19 vaccination drive has helped to reduce the fatality rate. The country experienced a first wave in March 2020, a second wave in mid-April 2021, and a third wave in January 2022. In response, social distancing...

The paper draws on the Inclusive Global Value Chains report submitted by the OECD and the World Bank Group to G20 Trade Ministers in October 2015, refining and prioritizing the options contained therein. The original report proposed a holistic approach to promoting more inclusive Global Value...

China has achieved remarkable success in financial inclusion. China's rate of account ownership - a basic metric of financial inclusion - has increased significantly in the past two decades and is now on par with that of other G-20 countries. Traditional financial service providers have...