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Persistent link: https://www.econbiz.de/10013165355
A new wave of technological innovations, often called 'fintech,' is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech...
Persistent link: https://www.econbiz.de/10011713763
Alongside other central banks, the European Central Bank (ECB) is currently exploring the potential of a Central Bank Digital Currency (CBDC). Such a significant payment innovation requires compliance with the ECB's mandate based on the Treaties of the European Union, in addition to...
Persistent link: https://www.econbiz.de/10014312066
A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on...
Persistent link: https://www.econbiz.de/10012604437
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organization of the ECB Governing Board and current plans for reform. …
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This paper uses monthly data from April 2005 to August 2013 for Taiwan to propose a novel tourism indicator, namely the … Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of … the multivariate BEKK model for four TCI indicators to predict specific tourism and economic environmental indicators for …
Persistent link: https://www.econbiz.de/10010227695
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that affects tourism business. With respect to tourism, demonetization was a jolt as the policy decision came into force in … emphasizes the reviews of media reports for preparing the statements for the Panel configuring eminent tourism industry … and implications of the return to normalcy of tourism based on the assessment of the developments in the contemporary …
Persistent link: https://www.econbiz.de/10013233648