Stablecoins as a vehicle for dollarisation: Evidence from capital controls and currency crises
Stablecoins could make payments and remittances cheaper and faster, but policymakers worry they could also help residents, particularly in emerging markets, circumvent capital controls and
From banks to nonbanks: Macroprudential and monetary policy effects on corporate lending
The growing footprint of nonbank financial institutions in corporate credit markets raises important – but often overlooked – questions about how monetary and macroprudential policies
