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Revolution (Mühleisen)
The long and short of the digital - Revolution by Martin Mühleisen published by Finance & Development (6/2018). "Digital platforms are recasting the relationships between customers, workers, and employers as the silicon chip's reach permeates almost everything we do - from buying groceries online to finding a partner on a dating website. As computing power improves dramatically and more and more people around the world participate in the digital economy, we should think carefully about how to devise policies that will allow us to fully exploit the digital revolution's benefits while minimizing job dislocation."
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Central Banking x Digital Age (Prasad)
Central banking in a digital age: stock-taking and preliminary thoughts by Eswar Prasad published by Brookings (4/2018). "The paper touches on the relevant considetations (for monetary policy and financial stability) and catalogs the approaches that major central banks are taking towards three interrelated issues: central bank digital currencies (CBDCs), nonofficial cryptocurrencies, and fintech, a term that encompasses new and evolving financial technologies."
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Our Digital Future (IMF)
Out digital future - Money transformed: the future of currency in a digital world published by IMF (5/2018). "Worries about the misure of financial technology should be weighed against its potential benefits to society. IMF Managing Director Christine Lagarde offers the following advice 'Above all, we must keep an open mind about cruyto assets and financial technology more broadly, not only because of the risks they pose, but also because of their potential to improve our lives'."
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Bankers Nightmares (Surane & Cannon)
Why China's payment apps give U.S. bankers nightmares by Jennifer Surane and Christopher Cannon published by Blooberg (5/2018). "...That contrasts with the U.S., where numerous firms feast on fees from handling and processing payments. Western bankers and credit-card executives who travel to China keep returning with the same anxiety: Payments can happen cheaply and easily without them."
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Fintech (Lagarde)
A regulatory approach to Fintech - we must guard against emerging risks without stifling innovation by Christine Lagarde published by IMF (6/2018). "Fintech offers considerable promise, but it also poses risks. Consider distributed ledger technology, which underpins crypto assets. It can enable faster and cheaper transactions, from trading securities to sending money to relatives abroad. It can be used to securely store records such as diplamas and real estate deeds and to automatically execute so-called smart contracts. But clearly the technology has also been used for illicit purposes."
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