How will CBDCs change international payments?
Central bank digital currencies could have a significant impact on instant remote settlement for securities transactions, according to a recent joint report from Accenture and Swift. Source link
Debt specialisation and diversification: International evidence
Summary Focus We study the variation across firms’ use of bond financing relative to financing through loan facilities and examine firm-level characteristics that may help explain such cross-firm financing variation. We contrast the debt specialisation and diversification of US firms with that of firms in Asia – a region with rapidly growing bond markets. Contribution … Read more
BIS international banking statistics at end-September 2020
Global cross-border claims changed little in aggregate in Q3 2020 after large fluctuations in Q1 and Q2. Cross-border claims on emerging market and developing economies continued to fall, driven again by claims on Latin America and the Caribbean. Since the start of the pandemic, the size of banks’ balance sheets has increased sharply with the … Read more