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Is mobile money part of money? : understanding the trends and measurement
Shirono, Kazuko; Das, Bidisha; Fan, Yingjie; Chhabra, Esha - 2021
The rapid uptake of mobile money in recent years has generated new data needs and growing interest in understanding its … impact on broad money. This paper reviews mobile money trends using mobile money data from the Financial Access Survey (FAS …) and examines the statistical treatment of mobile money under the IMF's Monetary and Financial Statistics (MFS) framework …
Persistent link: https://www.econbiz.de/10012605686
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South Africa : the financial sector-sovereign nexus
Hesse, Heiko; Miyajima, Ken - 2022
Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...
Persistent link: https://www.econbiz.de/10013170007
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Fintech in Latin America and the Caribbean : stocktaking
Berkmen, P.; Beaton, Kimberly; Gershenson, Dmitriy; … - 2019
In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially...
Persistent link: https://www.econbiz.de/10012009989
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Money and credit : theory and applications
Wang, Liang; Wright, Randall D.; Liu, Lucy Qian - 2017
data, and money-interest correlations in macro data. We analyze the effects of inflation on welfare, price dispersion and …We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers … can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs). Frictions that make the …
Persistent link: https://www.econbiz.de/10011716479
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Too cold, too hot, or just right? : assessing financial sector development across the globe
Barajas, Adolfo; Beck, Thorsten; Dabla-Norris, Era; … - 2013
Persistent link: https://www.econbiz.de/10009726449
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Revisiting the link between finance and macroeconomic volatility
Dabla-Norris, Era; Srivisal, Narapong - 2013
This paper examines the impact of financial depth on macroeconomic volatility using a dynamic panel analysis for 110 advanced and developing countries. We find that financial depth plays a significant role in dampening the volatility of output, consumption, and investment growth, but only up to...
Persistent link: https://www.econbiz.de/10012671037
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Central bank risk management, fintech, and cybersecurity
Khan, Ashraf; Malaika, Majid - 2021
Based on technical assistance to central banks by the IMF's Monetary and Capital Markets Department and Information Technology Department, this paper examines fintech and the related area of cybersecurity from the perspective of central bank risk management. The paper draws on findings from the...
Persistent link: https://www.econbiz.de/10012604809
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Financial inclusion : what have we learned so far? : what do we have to learn?
Barajas, Adolfo; Beck, Thorsten; Belhaj, Mohamed; Ben … - 2020
The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among...
Persistent link: https://www.econbiz.de/10012300650
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Do remittances enhance financial inclusion in LMICs and in fragile states?
Ben Naceur, Samy; Chami, Ralph; Trabelsi, Mohamed - 2020
This paper explores the relationship between remittances and financial inclusion for a sample of 187 countries over the period 2004-2015, using cross-country as well as dynamic panel GMM regressions. At low levels of remittances-to-GDP, these flows act as a substitute to formal financial...
Persistent link: https://www.econbiz.de/10012251374
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The long shadow of the global financial crisis : public interventions in the financial sector
Igan, Deniz; Moussawi, Hala; Tieman, Alexander F.; … - 2019
We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007-17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the...
Persistent link: https://www.econbiz.de/10012102177