Digital money. A force to reckon with?

In a recent IMF article, Tobias Adrian and Tommaso Mancini-Griffoli, argue that digital money has the potential to transform the financial sector, and that emerging markets and lower-income countries stand to gain the most from this dramatic shift. Broad and inexpensive access to digital money and phone-based transactions could open the door to financial services…

Consumer credit demand Versus supply during the pandemic

It is common during recessions to observe significant slowdowns in credit flows to consumers. It is more difficult to establish how much of these declines are the consequence of a decrease in credit demand versus a tightening in supply. According to Jessica Lu, a senior research analyst at the New York Fed, Liberty Street Economics…