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Designing appropriate governance structures for an international financial institution such as the IMF is difficult …, because steps to enhance the legitimacy of such an institution through constraints on its decision-making process may affect … its operational efficiency. Potential trade-offs between legitimacy and efficiency exist for any public institution but …
Persistent link: https://www.econbiz.de/10014400744
Persistent link: https://www.econbiz.de/10013169885
In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many …
Persistent link: https://www.econbiz.de/10012009989
This paper analyzes the legal foundations of central bank digital currency (CBDC) under central bank and monetary law. Absent strong legal foundations, the issuance of CBDC poses legal, financial and reputational risks for central banks. While the appropriate design of the legal framework will...
Persistent link: https://www.econbiz.de/10012392619
decouple via 'preferential attachment' - id est by aligning themselves with the hub they trade most with. All global technology …
Persistent link: https://www.econbiz.de/10012518889
In short, yes. I use a multi-region integrated assessment model with fuel-specific endogenous technical change to examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological diffusion this is insufficient to avoid catastrophic climate...
Persistent link: https://www.econbiz.de/10012610702
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the … fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic …
Persistent link: https://www.econbiz.de/10012612328
The stylized facts of government finance in the Group of Seven (G-7) industrial countries show that revenues lag real …
Persistent link: https://www.econbiz.de/10014400383
finance …
Persistent link: https://www.econbiz.de/10014403515
, they are largely used to reduce domestic financing, with little evidence that they are used to finance a larger deficit …
Persistent link: https://www.econbiz.de/10014399828