Saturday, June 25, 2022

Mostly Economics

Mostly Economics


Pictures of a Revolution: Analyzing the Transition from Global Bimetallism to the Gold Standard in the 1860s and 1870s

Posted: 24 Jun 2022 03:16 AM PDT

Johannes Wiegand of IMF in this paper: In the early 1870s, the global monetary system transitioned from bimetallism—a regime in which gold and silver currencies were tied at quasi-fixed exhange ratios—to the gold standard that was characterized by the use of (only) gold as the main currency metal by the largest and most advanced economies. […]

From 1980s Debt Crisis to Crypto Era: Changes in IMF’s Financial Stability Monitoring and Reporting

Posted: 24 Jun 2022 03:06 AM PDT

Tobias Adrian, Fabio Natalucci and Mahvash S. Qureshi in this IMF blog post look at financial stability since 1980s debt crisis. They also point how IMF’s reports on financial stability have changed with times. Monitoring the health and outlook of the global economy and member countries is the bedrock of the Fund's work. This surveillance role, outlined in […]

Banking | Creative destruction of existing models will pose new challenges for regulators

Posted: 23 Jun 2022 05:35 AM PDT

RBI Governor Shaktikanta Das recently gave a speech at the Financial Express Modern BFSI Summit in Mumbai. Das discussed the ongoing technological disruptions in the financial sector, and how the disruptions are creating new opportunities for the financial sector. The opportunities have led to emergence of new banking models which are posing challenges for regulators. In this […]

Past and present inflation are more similar than you think

Posted: 23 Jun 2022 04:56 AM PDT

Interesting article by Marijn A. Bolhuis, Judd N. L. Cramer, Lawrence H. Summers, They estimate past US inflation using today’s methodology and realise that inflation trends today are quite similar to 1970s: Housing inflation in the US before 1983 was measured in a way that made the Consumer Price Index (CPI) mechanically responsive to Fed […]

Digital Currencies and Energy Consumption

Posted: 23 Jun 2022 02:55 AM PDT

IMF economists in this research note analyse energy consumption of digital currencies: Whether in crypto assets or in CBDCs, design choices can make an important difference to the energy consumption of digital currencies. This paper establishes the main components and technological options that determine the energy profile of digital currencies. It draws on academic and […]

Profile of Melissa Dell: Pioneers new ways of unmasking legacies of the past

Posted: 23 Jun 2022 12:00 AM PDT

IMF’s Finance and Development Jun-2022 edition profiles Melissa Dell of Harvard University: Scholars have long wondered why some places prosper, while others do not. How do societies climb the development ladder to greater prosperity? What is the secret sauce of economic success? Why is GDP per capita in South Korea so much higher today than […]

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