Monday, January 31, 2022

Mostly Economics

Mostly Economics


Tracking Development through 11 Satellite Images & Cartography

Posted: 31 Jan 2022 02:11 AM PST

Economic Survey 2021-22 has an interesting chapter which only has satellite images and maps tracking India’s development. An important theme of this year's Economic Survey is the use of new forms of data and information for tracking economic activity and development. Chapter 1 looked at the use of high-frequency data for the real-time management of […]

Currency Undervaluation and Comparative Advantage

Posted: 31 Jan 2022 02:00 AM PST

Paul Bergin in the recent NBER paper discusses tradeoffs of currency undervaluation as a growth strategy: This paper highlights a tradeoff implied by a policy of export-led growth through currency undervaluation. While undervaluation can foster domestic manufacturing in countries like China by sustaining trade surplus, it also can harm a country's comparative advantage by altering […]

Virtual/Digital banking and beyond: Thinking about several interconnected issues

Posted: 31 Jan 2022 01:22 AM PST

Sally Chen, Derryl D’Silva, Frank Packer and Siddharth Tiwari in this BIS paper look at several issues in virtual banking: The integration of technology, finance and services is rapidly changing the banking landscape, as big techs, fintech firms, non-bank financial institutions as well as incumbent banks take up stakes in virtual banking. New technology-driven models exploit the expanding data footprints of individuals […]

How do we make money?

Posted: 31 Jan 2022 12:14 AM PST

Gary B. Gorton, Chase P. Ross & Sharon Y. Ross in this NBER paper ask the question on how do we make money and more importantly get it accepted: It is difficult for private agents to produce money that circulates at par with no questions asked. We study two cases of privately-produced money: pre-Civil War U.S. private banknotes […]

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