We study how the introduction of a central bank-issued digital currency a§ects interest rates, the level of economic activity, and welfare in an environment where both central bank money and private bank deposits are used in exchange. Banks in our
“We’re seeing the convergence of investor demand for digital assets alongside regulatory certainty, which we believe is being driven by the advent of more infrastructure to support access and trust in this market.” Plagued by exchange hacks, fraud, lost keys
This report provides an overview of the global crypto hedge fund landscape and offers insights into quantitative elements such as liquidity terms and performance, as well as qualitative aspects such as best practice with respect to custody and governance. By
Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people. This document outlines our plans for a new decentralized blockchain, a low-volatility cryptocurrency, and a smart contract platform that together aim to create
Viewpoint The exponential rise and volatility in the price of Bitcoin has heightened investor interest in cryptocurrencies and crypto assets. These assets have attracted a growing number of investors but also have been used to facilitate a wide range of
Blockchain gets down to business At Deloitte, we collaborate globally with clients on how blockchain is changing the face of busi- ness and government today. From physical asset traceability, clinical supply chain, global trade finance, cross-border payments and remittances, post-trade
"Only when the tide goes out do you discover who's been swimming naked." This quote is attributed to star investor Warren Buffett, who has experienced a multitude of economic cycles. The ebb did indeed set in this crypto winter, and
Policymaking circles are debating the pros and cons of making central bank digital currencies (CBDCs) available to the general public. While they debate the issues at stake, central bankers need to understand that maintaining the status quo is unlikely to
There is a gap in the regulation of crypto-assets that Congress needs to fix. The gap is contributing to fraud and weak investor protection in the distribution and trading of crypto-assets. Better regulation will benefit crypto investors, further the development
This paper explores and compares stablecoins — a category of cryptographic token that seeks to maintain stable value to a reference asset. Three approaches are recognised: off-chain collateralised (IOU), on-chain collateralised, and non-collateralised (algorithmic).
BOSTON, May 2, 2019 – Institutional investors are finding appeal in digital assets and many are looking to invest more in digital assets over the next five years, according to new research from Fidelity Investments®. According to the survey, about
Occasional Paper Series This paper summarises the outcomes of the analysis of the ECB Crypto-Assets Task Force. First, it proposes a characterisation of crypto-assets in the absence of a common definition and as a basis for the consistent analysis of
This inaugural study examining the global cryptoasset regulatory landscape goes a long way towards fulfilling the core mission of the Cambridge Centre for Alterative Finance: informing the operationalisation of technology-enabled financial innovation. Harvesting the potential benefits of innovation in financial
Institutional investors are finding appeal in digital assets and many are looking to invest more in digital assets over the next five years, according to new research from Fidelity Investments®. According to the survey, about 22% of institutional investors already
What do institutions really think about digital assets? We talk with different types of institutions all the time and we hear any number of individual perspectives and investment theses. But we still want to know, do they understand the transformative
Dark Shadows with a Bright Future With cryptocurrencies down sharply in price, many observers seem to assume there’s been an industry-wide decline in usage and practical applications. Nothing could be further from the truth. Leading cryptocurrencies now enjoy three times
More than 1,000 cryptoassets have emerged in the last year alone. Each of these cryptoassets can be categorised and understood using numerous frameworks. There is a clear requirement for a unified approach on how to categorise and treat these assets
Market Composition In this report, we will provide a further overview of the composition of the cryptoasset space today. This will include not only common applications of the various networks, but also: metrics used to gauge network activity, codebase development
Key Takeaways We estimate the amount of cryptoasset market value needed to support economic activities to expand from ~$500B next year to $3.6T in 2028 90%+ of cryptoasset value will be derived from penetration of offshore deposits in the next
VBA Journaal Voor u ligt het zomernummer van het VBA Journaal. Dit keer heeft de redactie als thema gekozen “Blockchain en Cryptovaluta”. Het laatste jaar gaat er geen week voorbij of er wordt niet over geschreven. Er zijn veel geluiden dat
If word got out that the government was intentionally devaluing the CNY to erode the US's trade competitiveness, investors would likely scramble to convert their renminbi holdings into US dollars. The Chinese yuan's slide in recent weeks versus the greenback
Marktonderzoek onder Nederlandse consumenten In 2017 hebben de crypto’s een grote opmars gemaakt. De marktkapitalisatie steeg van $20 mld begin 2017 tot meer dan $800 mld begin 2018. Met deze opmars zijn ook veel consumenten ingestapt; in januari 2018 waren
How Cryptocurrencies, Blockchain and Digital Payments Are Changing Our World “Money makes the world go around.” As the famous song from the musical Cabaret reminds us, money is the driving force behind just about every aspect of our day-to-day lives.
Risk & Reward Research and investment strategies Not long ago, bitcoins were reserved for a small number of computer experts creating their own currency using an arcane technology called “blockchain”. Even though many observers foresee blockchain ushering in a new
Economists have quite a strict definition of what can be labelled as “money” or “currency”. To be considered as such, it must combine four attributes – it must be a medium of exchange, it should serve as unit of account,
Currencies: Us Dollar Bar For Us Fx Intervention Remains High -> https://t.co/2ny01nTS55 #currency #China #tradewar via @PictetWM @PictetAM_NL
Long-term Equity Investments under Solvency II -> https://t.co/MDJWukfKfB #solvency2 #equity #europeancommission via @DWS_Group
2nd Quarter 2019 – Market Review and Outlook -> https://t.co/hrrxSjI1xr #outlook via @pgim
Blitzscale and Hope: Unicorns, IPOs and the Fear of Repeating the Late 1990s -> https://t.co/N6TXHvJWCS #unicorns #IPO via @epochinvest
Women in Private Equity July 2019 -> https://t.co/2M9Q2MOoyS #PrivateEquity
