Central bank digital currencies: 4 questions an answers by Tobias Adrian and Tommaso Mancini-Griffoli published by IMF (12/2019). “Central Bank Digital Currencies (CBDC) is a complex and multidisciplinary topic requiring active analysis and debate. It raises questions related to…
Moedas digitais: a ascensão das stablecoins por Tobias Adrian e Tommaso Mancini-Griffoli publicado pelo IMF (9/2019). “A adoção de novos métodos de pagamento digital pode gerar benefícios consideráveis para os clientes e a sociedade: maior eficiência, mais concorrência, maior…
Does prolonged monetary policy easing increase financial vulnerability? by Stephen Cecchetti, Tommaso Mancini-Griffoli, and Machiko Narita published by IMF (2/2017). “…We find that the leverage ratio, as well as other measures of firm-level vulnerability, increases for banks and nonbanks…