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Research Topics

Central Bank Digital Currencies (CBDCs) are digital forms of a country's fiat currency issued and regulated by the central bank. While CBDCs offer several potential benefits, they also come with certain drawbacks. Here are some of the drawbacks associated with CBDCs: Let's look at the Positive and Negative Sides

ISO 20022 is a new global standard for financial messaging that is being adopted by financial institutions around the world. The standard is designed to improve the speed, accuracy, and efficiency of financial transactions, and to provide greater transparency and standardization across different payment systems.

If the United States defaults on its debt, it would likely have a significant impact on the value of the U.S. dollar. A default would cause a loss of confidence in the U.S. government's ability to manage its finances, which could lead to investors selling off their U.S. Treasury bonds and other U.S. assets, causing the value of the dollar to decline.

Devolution refers to the transfer of power or authority from a central government to a lower level of government, such as regional or local authorities. This can lead to greater autonomy and decision-making power for these lower-level authorities.

In this digital world, the possibilities of what new technology can do are seemingly endless. 

As mankind continues to explore and innovate, many have started to wonder where our current tech advances may take us in the future. 

One example is bail-in, which is a statutory power of a resolution authority (as opposed to contractual arrangements, such as contingent capital requirements) to restructure the liabilities of a distressed financial institution by writing down its unsecured debt and/or converting it to equity. The statutory bail-in power is intended to achieve a prompt recapitalization and restructuring of the distressed institution. This paper studies its effectiveness in restoring the viability of distressed institutions, discusses potential risks when a bail-in power is activated, and proposes design features to mitigate these risks.

Cryptocurrency has the potential to contribute to the stability of the global economy in a number of ways. Here are a few possibilities. 

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