International Financial Architecture

In a time of global crisis, international policy coordination is quite natural. Yet, in normal times such coordination becomes a challenge. This is an issue especially when it comes to monetary and macroprudential policy of globally influential countries. This is especially relevant now with the trend of monetary normalisation in … Read more

Technology-enabled innovation is transforming the financial services. There are two major categories actors that perform activities that are traditionally performed by the banks through better implementation of technology: Fintechs are independent non-bank institutions, Techfins are big global technology companies. The emergence of Techfins as data intermediaries expanding into the financial … Read more

The advancement and spread of digital technologies is reshaping the global financial landscape. These technologies could dramatically increase financial efficiency and inclusion by expanding access to financial services and offering a broader range of financial products at lower cost. Despite the potential benefits, significant risks must also be managed. From … Read more

The G20 has come a long way in pulling economies back from the brink. Yet, a lot remains to be done in its pursuit of inclusive and sustainable growth. Its leaders have continuously highlighted the urgent need to use all policy levers in targeting its objectives. Central banks should not … Read more

Establishing international fintech partnerships is recognised as a crucial strategy to promote the development of the fintech sector. Although such partnerships represent a promising opportunity for growth and greater financial inclusion, the asymmetric power dynamics amongst fintech operators internationally leaves fintech operators in the emerging/developing economies reluctant to partner with … Read more

There is a critical need to reconfigure the international financial architecture to meet sustainable goals. For making informed decisions on allocating resources for sustainable business and economic development, it will be essential to value the cost of natural capital. This practice is difficult since assigning a monetary value for quantifying … Read more

International banking regulations are developed by a small group of financial regulators, largely from advanced economies. Off-the shelf adoption of these standards in developing countries, particularly low and lower-middle income countries, poses substantial costs and risks. Yet many regulators are pressing ahead with them nevertheless, partly due to concerns about … Read more

Capital flows are affected by external factors as well as domestic factors. The monetary authorities should have a closer and timely observation of market participants’ expectation of US interest rates and their global Risk aversion. They should cope with contagion effects in capital flows among emerging market countries at a … Read more