IMF Educates on Stablecoins, Is Government Adoption Possible?

October 3, 2019
The International Monetary Fund has always shown some crypto-curiosity. In a recent document, the IMF commented on the use cases and utility of stablecoins, or assets with a pegged value. IMF BIGS UP STABLECOINS In a recent IMF staff paper, part of the Fintech Notes series, the organization outlines the promises and risks of those assets, as

IMF Chief Christine Lagarde: We Should Be Open to Cryptocurrencies

September 9, 2019
The nominee to be the next president of the European Central Bank (ECB), Christine Lagarde, has said central banks and financial bodies should protect consumers but be open to innovations such as cryptocurrencies. Changes are opportunities Lagarde, who is currently head of the International Monetary Fund, told the Economic and Monetary Affairs Committee of the

Christine Lagarde of International Monetary Fund Touches on Potential of Crypto, FinTech and Blockchain

June 13, 2019
Christine Lagarde the Managing Director of the International Monetary Fund (IMF) said a few hours ago that the presence of technology giants using Big Data and AI could eventually disrupt the financial system. Virtual currencies and blockchain technology are helping new individuals have access to the financial market. Christine Lagarde Talked About Fintech Potential Financial technology has

IMF and World Bank Launches Private Blockchain-based Cryptocurrency

April 17, 2019
IMF and World Bank Launches Private Blockchain-based Cryptocurrency A number of financial institutions are known to be pessimistic about Bitcoin and even blockchain technology. Nonetheless, the International Monetary Fund (IMF) and World Bank, two of the largest international financial institution have launched a quasi-cryptocurrency that is based on a private blockchain, according to a recent

Gender inequality is costing the global economy trillions of dollars a year

May 21, 2014
2014.05.21 According to a recent UN report, the progress made in the past 20 years towards reducing global poverty is at risk of being reversed because of a failure to combat widening inequality and strengthen women’s rights. The UN’s ICPD Beyond 2014 Global Report, has found that the number of people living in developing countries has

Why Ukraine matters more than you think (Or “Only wimps pay their debts”)

March 13, 2014
2014.03.13 Ukraine, we are told, is infamous for its colorful proverbs and as the title suggests Citi’s Matt King warns that emerging market (EM) bond investors may yet become familiar with more of them in coming weeks. Unfortunately Ukraine’s importance is greater than its economic or even geopolitical significance would suggest. Risk premia everywhere have been compressed

Why Asian economies are not about to repeat the 1997-98 financial crisis

February 26, 2014
2014.02.26 The business press is full of dire predictions about sudden capital outflows from emerging economies, with a growing list of ‘fragile’ countries. Few commentators can resist making some reference to the disastrous 1997-98 Asian crisis, just to add an element of frisson to the story. But a repeat of 97-98 is extremely unlikely. In recent

The future of our children is taking shape today

February 21, 2014
2014.02.21 The future of our children is taking shape today. Ask any parent and they will say they care about this more than about anything else. These same parents, though, are leaving the shaping of that future to the global financial industry, which has gotten so powerful it can buy anything and anyone that can

Does monetary policy need to be reinvented?

December 18, 2013
2013.12.18 There is a widespread view that monetary policy has been fundamentally changed by the 2008 financial crisis. The IMF’s Chief Economist Olivier Blanchard says that ‘Monetary policy will never be the same’. Policy certainly explored new areas in response to unusual circumstances, but when the dust settles, how different will it be? For some,