Some analysts have raised concerns that the growth of dollar-backed stablecoins could suck deposits out of banks in emerging economies.
The IMF’s first deputy managing director said on Thursday that the uptake of stablecoins in some countries could put pressure on those countries to improve their fiscal and monetary frameworks.
“As stablecoins create the potential for additional uptake in, you know, jurisdictions that have weak fiscal and monetary frameworks for dollars, or for other currencies, that creates a competitive pressure on those countries themselves in order to improve their fiscal and monetary frameworks,” Dan Katz, the International Monetary Fund’s number two official, said on a panel at Davos.
Some analysts have raised concerns that the growth of dollar-backed stablecoins could suck deposits out of banks in emerging economies.
Experts say $200bln bond-buying effort unlikely to significantly lower housing costs. There's scant evidence so…
That has helped at least to put a floor under euro zone bond prices. Euro…
Bank profitability will remain strong this year despite lower interest rates, says S&P. Saudi banks…
The 2026 review of the EU ETS must be anchored in facts and focus on…
Federal Open Market Committee statements typically sound unanimous, but the Committee’s internal debates rarely are.…
Local responses to gender-based violence, with femicide as its most extreme form, remain uneven across…