Rise of sovereign digital currencies: domestic and global implications

THE launch of a central bank digital currency (CBDC) in China has been much anticipated especially following the first public test of a prototype in four Chinese cities (Shenzhen, Suzhou, Xiong'an New District and Chengdu), as well as the recent release of the Draft Law of the People's Bank of...

List best practices for use of macro-prudential policies in housing market

ASIA has faced at least three major crises in the last two decades - Asian Financial Crisis (AFC) of 1997-98; Global Financial Crisis (GFC) of 2008-09; and the ongoing Covid-19 crisis of 2020. In between these crises was the Nasdaq bubble collapse of 2001, the "taper tantrum" period in 2013 and...