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19th St. and the rest of the world may not be fully pleased*
|Tue, Sep 12, 2023|
The following blog post is in reference to the piece, "The Elephant in the Room; Preaching or Working on Climate Change" by Miguel Schloss published in the Global Journal of Science Frontier Research.
|Fri, Sep 8, 2023|
|Barbara C. Matthews:
A version of these remarks was delivered at the 5th Annual Cryptocurrency and Blockchain Summit held in Cambridge, UK on 7 September 2023 as part of the panel presentation: “The Future of Money – Stablecoins v. Central Bank Digital Currencies”
|Wed, Sep 6, 2023|
|Dante Alighieri Disparte:
The U.S. dollar, or greenback, is a ubiquitous, nearly universally accepted global currency. Like
|Mon, Jun 5, 2023|
Ajay Banga takes the helm of the World Bank at a singularly important time in determining the institution’s contributions to economic development.
This is a time of severe economic/international debt distress for many developing countries, with higher levels of absolute poverty than have been seen in many years; a time of mounting public concern about climate change; and a time when authoritarian governments control nations that account for more than one-half of the world’s population.
|Wed, May 17, 2023|
Now that Biden-nominated World Bank presidential candidate Ajay Banga has been confirmed, the chatter around Washington (apart from the debt ceiling debacle and the King Charles coronation) is all about whether he will be able to navigate the enormous challenges facing the institution. Banga certainly has a herculean task ahead of him when he takes the reins on June 2.
|Thu, May 11, 2023|
|Starla Griffin and Ussal Sahbaz:
The Bretton Woods Institutions in a Changing World: A Call for Increased EMDC Involvement in Global Crypto Governance
The world has changed dramatically since the Bretton Woods institutions were created in the wake of WWII to promote international cooperation and multilateralism in a bid to ward off future conflicts. The institutions created at this historic gathering ushered in an era of unprecedented peace and security, and global economic growth for 60+ years. They have adapted well over the decades to meet ever more complex challenges, including launching annual G20 meetings with significant emerging markets participation, following the 2008 financial crisis.
|Tue, May 9, 2023|
The collapse of Silicon Valley Bank (SVB) on March 10 was a failure that should not have occurred. A confluence of factors involving regulators, SVB management, and its depositors came together in an adverse way to bring down the bank.
|Fri, Mar 24, 2023|
|Ousmène Jacques Mandeng:
The collapse of Silicon Valley Bank and subsequent jitters at USDC shall serve as a reminder that stablecoin regulation remains far too lax. Circle, the U.S. company and issuer of USDC, a stablecoin denominated in U.S. dollar, is mostly regulated in the U.S. as a money transmitter. This is grossly insufficient for a company with US$40 billion in stablecoins outstanding. Regulation and supervision need to impose sufficient obligations for stablecoin issuers to adopt best industry practices.
|Fri, Mar 17, 2023|
In 2022 the global financial markets were rattled by a series of adverse developments in the crypto segment, which culminated in the FTX meltdown and the multiple ripple effects the markets are likely to continue to grapple with in the course of this year. The implications of the crypto debacle, while clearly negative in the near term, also concern the longer-term trajectories of market development and regulation.
|Thu, Feb 9, 2023|