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

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

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…

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

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…

Does monetary policy need to be reinvented?

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,…