Could Digital Currencies Lead to the Disappearance of Cash from the Market?
March 21, 2025-Summary
Private and public agents' plans and actions to introduce digital currencies and other innovative payment instruments could produce some unintended consequences, including the potential disappearance of physical cash. This study employs a two-sided market model to examine how payment systems might respond to new currencies.
IMF Note-Fund Investor Types and Bond Market Volatility
March 12, 2025-Summary
This note explores the connection between the varied investor profiles of exchange-traded funds (ETFs) and open-ended mutual funds (OEMFs) and the return volatility of the securities they hold. Based on the security-level data of US ETF and OEMF holdings, the analysis suggests that, on aggregate, a higher ETF ownership share may be associated with lower bond return volatility.
IMF Working Paper-Not all Housing Cycles are Created Equal: Macroeconomic Consequences of Housing Booms
February 28, 2025-Summary
Summary
This paper shows that not all housing price cycles are alike. The nature of the housing expansion phase-especially whether a housing price boom characterized by rapid and persistent house price growth is present-plays a key role in shaping the severity of the subsequent contraction, and the net macroeconomic impact over the full cycle.
Pension Reform and Stock Market Development
February 28, 2025-Summary
We highlight the strong connection between developing fully-funded, individually-owned, collectively-managed, mandatory/incentivized (FICMI) pension schemes and the development of domestic stock markets. We do so by building a stylized model and complementing the analysis with cross-country empirical analysis and case studies.
IMF Working Paper-Understanding the Macroeconomic Effects of Natural Disasters
February 21, 2025-Summary
Climate change is causing more frequent and devastating natural disasters. The goal of this paper is two-fold. First, it examines the dynamic effects of natural disasters on the growth of output and its components. Government expenditure in advanced economies (AEs) rises immediately in the same year of the natural disaster, offsetting the decline in private investment growth and thereby mitigating the negative effect on output growth.
IMF Working Paper-Prometheus Unbound: What Makes Fintech Grow?
February 21, 2025-Summary
The rise of financial technologies-fintech-could have transformative effects on the financial landscape, expanding the reach of services beyond the confines of geography and creating new competitive sources of finance for households and firms. But what makes fintech grow? Why do some countries have more financial innovation than others?
White Paper-Monetary Policy Predicts Currency Movements
February 9, 2025--Abstract
The relative restrictiveness of a central bank's supply of money predicts the raw and risk-adjusted returns of its currency-both next month and at least three years into the future.
Social Security Reforms, Retirement and Sectoral Decisions
January 31, 2025--Summary
In many countries, the regulations governing pension systems, hiring procedures, and job contracts differ between the public and private sectors. Public sector employees tend to have longer tenures and higher wages compared to workers in the private sector.
As such, social security reforms can affect both retirement decisions and sectoral choices. We study the effects of social security reforms on retirement and sectoral behavior in an economy with multiple pension systems.
IMF Working Paper-Tokenization and Financial Market Inefficiencies
January 29, 2025--Summary
Most financial assets are digital today. Tomorrow, they may be tokenized. Tokenization implies recording and transferring assets on a widely shared and trusted digital ledger that can be programmed. Interest in tokenization is strong and experiments abound, but what are the consequences of this new trend for financial markets?
IMF Working paper-Long-Term Debt and Short-Term Rates: Fixed-Rate Mortgages and Monetary Transmission
January 24, 2016--Summary
We study the two-way relationship between fixed-rate mortgages (FRMs) and monetary policy in a panel of up to 35 countries over the last two decades. The dataset includes quarterly information on the composition of mortgage flows and stock by type of rate-fixation and monetary policy shocks cleaned of information effects.
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| April 02, 2025 First Trust Exchange-Traded Fund VIII files with the SEC-FT Vest Laddered Max Buffer ETF |
| April 02, 2025 Tidal Trust III files with the SEC-3 NestYield ETFs |
| April 02, 2025 Grayscale Launches Grayscale Bitcoin Covered Call ETF (Ticker: BTCC) and Grayscale Bitcoin Premium Income ETF (Ticker: BPI) |
| April 02, 2025 First Trust Exchange-Traded Fund VIII files with the SEC-FT Vest Laddered Enhance & Moderate Buffer ETF |
| March 24, 2025 MarketVector Strengthens Leadership in Multi-Assets Strategies with the Launch of the MarketVector Crypto-Balanced Multi-Asset Index (TOPMDL) |
| March 24, 2025 21Shares expands European footprint with new listings on Nasdaq Stockholm |
| March 28, 2025 HashKey Group and Bosera Launch World's First Tokenised Money Market ETF |
| March 25, 2025 Southeast Asia's Economies Can Gain Most by Packaging Ambitious Reforms |
| March 17, 2025 E Fund: Harnessing AI Trends in China to Drive Innovation and Enhance ETF Offerings |
| March 12, 2025 Viet Nam's Economy Forecast to Grow 6.8 Percent In 2025: WB |
| March 12, 2025 Coinbase returns to India: Crypto exchange confirms securing FIU regulatory nod |
| March 25, 2025 WEF-2024 Global Retail Investor Outlook |
| March 24, 2025 More Record-Breaking Growth Expected as Investors Lean on ETFs to Manage Global Uncertainty: BBH 2025 Global ETF Investor Survey |
| March 17, 2025 Infographic-Charted: Global Economic Policy Uncertainty (1997-2025) |
| March 06, 2025 IMF-Global Financial Stability Note-Pension Funds and Financial Stability |
| March 21, 2025 Qatar's Economy Grows 2.4% in 2024, Q4 GDP Up 6.1% Year-on-Year |
| March 20, 2025 Egypt's economic growth set to improve in Q2, driven by industry: minister |
| March 11, 2025 Qatar: QSE fully waives trading fees on ETFs, aims improved market liquidity |
| March 07, 2025 IMF-Financial Conditions and Their Growth Implications for Qatar: Qatar |
| March 07, 2025 IMF-Artificial Intelligence in Qatar: Assessing the Potential Economic Impacts |
| March 30, 2025 Africa's Debt Crisis Under-Reported-AFRODAD |
| March 27, 2025 Africa's Digital Payments Economy to Reach $1.5trn By 2030-Report |
| March 24, 2025 Bitcoin Price Trends and the Future of Digital Transactions in Africa |
| March 10, 2025 IMF-Boosting Growth and Prosperity in South Africa |
| March 06, 2025 How Africa could help diversify the booming global semiconductor industry |
| March 30, 2025 Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief Warns |
| March 26, 2025 'Renewables are renewing economies', UN chief tells top climate forum |
| March 20, 2025 How DeepSeek has changed artificial intelligence and what it means for Europe |
| March 10, 2025 IMF-Driving Change: Women-Led Economics |
| March 05, 2025 F&D: Reconnecting Morality with Political Economy |
