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Tag Archives: crypto assets

Crypto Prices Move More in Sync With Stocks, Posing New Risks

By Tobias Adrian, Tara Iyer and Mahvash S. Qureshi There’s a growing interconnectedness between virtual assets and financial markets. Crypto assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution, raising financial stability concerns. Crypto assets are no longer on the fringe of the financial system. The market value of these novel assets rose to nearly $3 trillion in November from $620 billion in 2017, on soaring...

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Top 10 Blogs of 2021 Show Breadth of Global Policy Challenges

The arc of 2021, from tentative recovery to resurgent uncertainty, may feel like more of a circle for many around the world who are understandably weary of the pandemic and eager for a return to normal. But to monetary and fiscal policymakers—who could be forgiven for also feeling weary amid prolonged crisis—the year ended in a much different place, as many prepare to unwind unprecedented support. That normalization process will demand clear communications despite facing many unknowns....

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Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated  

The IMF’s mandate is to safeguard the stability of the international monetary and financial system, and crypto assets are changing the system profoundly. By Tobias Adrian, Dong He, and Aditya Narain Crypto assets and associated products and services have grown rapidly in recent years. Furthermore, interlinkages with the regulated financial system are rising. Policymakers struggle to monitor risks from this evolving sector, in which many activities are unregulated. In fact, we think these...

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Crypto Boom Poses New Challenges to Financial Stability

By Dimitris Drakopoulos, Fabio Natalucci, and Evan Papageorgiou عربي, 中文, Español, Français, Русский As crypto assets take hold, regulators need to step up. Crypto assets offer a new world of opportunities: Quick and easy payments. Innovative financial services. Inclusive access to previously “unbanked” parts of the world. All are made possible by the crypto ecosystem. Consumer protection risks remain substantial given limited or inadequate disclosure and oversight. But along with the...

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Top 10 Blogs of 2018

By IMFBlog December 28, 2018 New Year’s eve fireworks in London, England: read our top ten blogs of 2018 (photo: Ben Cawthra/Newscom) In 2018, the blogs that caught our readers’ collective eye were about the enduring forces molding the global economy: Brexit, crypto assets, debt, and housing prices, to name a few.  As 2018 draws to a close, here is our list of the top ten blogs of the year based on readership.  With 2019 promising to be anything but dull, all the editors at IMFBlog...

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A Bumpy Road Ahead for the Global Financial System

By Tobias Adrian April 18, 2018 Version in Español (Spanish) An unexpected increase in inflation could prompt the Federal Reserve and other central banks to raise interest rates faster than currently anticipated, roiling financial markets (photo: Tom Williams/CQ Roll Call/Newscom). The current economic environment remains favorable, but short-term risks to global financial stability have increased in the past six months, as a result of a spike in stock-market volatility in February...

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An Even-handed Approach to Crypto-Assets

By Christine Lagarde April 16, 2018 Versions in  عربي (Arabic) Healthcare companies are studying how to use the technology behind crypto assets to maintain confidential medical data (BSIphotos/Newscom). The dizzying gyrations of crypto-assets such as Bitcoin invite comparisons with the tulip mania that swept Holland in the 17th century and the recent dot-com bubble. With more than 1,600 crypto-assets in circulation, it seems inevitable that many will not survive the process of...

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Policy Actions to Sustain Growth and Guard Against Risks

By Christine Lagarde March 15, 2018 Even though the sun still shines on the global economy, there are more clouds on the horizon (iStock by GettyImages). When the Group of Twenty finance ministers and central bank governors met last October, there was a sense of optimism about the global economic upswing and the opportunities for much-needed reforms. When they meet again in Buenos Aires next week, their focus will be on the policies needed to protect this upswing against downside...

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Addressing the Dark Side of the Crypto World

By Christine Lagarde March 13, 2018 Versions in  عربي (Arabic),  中文 (Chinese), Français (French), 日本語 (Japanese), Português (Portuguese), Русский (Russian) The same reason crypto-assets like Bitcoin are so appealing is also what makes them dangerous (iStock by GettyImages). Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets? The technology behind these assets—including...

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