You are currently viewing a placeholder content from Youtube. To access the actual content, click the button below. Please note that doing so will share data with third-party providers. More Information Unblock content Accept required service and unblock content Quality FDI that help integrating the indigenous firms of developing countries … Read more
Policies that foster the expansion of regional banking services can be an effective tool to enhance financial inclusion by facilitating the access to deposit services. Financial inclusion, in turn, can expand banks’ deposit base with positive spillovers for financial stability, both at the bank and country levels. Governments’ support to … Read more
In this paper we propose a way forward towards increased financial resilience in times of growing disagreement concerning open borders, free trade and global regulatory standards. In light of these concerns, financial resilience remains a highly valued policy objective. We wish to contribute by suggesting an agenda of concrete, do-able … Read more
The rapid growth exhibited by peer-to-peer finance markets raises hopes that especially young ventures might obtain better access to funding. Yet, consumer protection concerns are looming as borrowers and projects requesting finance from the crowd are inherently opaque. We suggest clear rules to enable peer-to-peer lenders and investors to more … Read more
Leon Berkelmans discusses how deep negative interest rates can be implemented by eliminating the zero lower bound. Challenge There are many ways that this issue could be dealt with. A popular suggestion is that fiscal policy could be used in order to push up demand and generate inflation. The abolition … Read more
Young people can be the drivers of inclusive transformation. Nonetheless, with low levels of financial literacy and even lower employment opportunities, they are faced with severe challenges. Young people and women must be encouraged to seize the opportunities of the digital age and the circular economy to actively participate in … Read more
The uneven post-pandemic recovery brings great challenges for global financial stability and sustainable growth. To meet the challenges ahead, we propose to reset the Global Financial Safety Net designated to provide financial assistance for countries in need in the following aspects: (1) boost the use of the IMF Special Drawing … Read more
The international financial architecture is not well equipped to deal with a situation in which many countries default at the same time as a result of an exogenous shock. If all creditors could be coordinated, they would agree that they would benefit from legal protection that allows the affected sovereigns … Read more
The COVID-19 pandemic has highlighted long-standing fractures in the international financial system, especially weaknesses in the safety net for emerging market and developing economies (EMDEs). We present a proposal to provide short-term liquidity to EMDEs that face balance of payment stresses due to global shocks. Our proposal for a liquidity … Read more
Financial stability is a prerequisite for achieving the Sustainable Development Goals (SDGs) and commitments under the Paris Climate Agreement. A value-driven and rules-based Global Financial Safety Net (GFSN) that fosters cooperative policy sovereignty toward these goals needs to be at the center of Group of Twenty (G20) policymaking. The G20 … Read more
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