(photo: marchmeena/iStock by Getty Images) By IMFBlog The decade is over and with it goes another year of insightful, thought-provoking, and dare we say clever, charts of the week brought to you by the IMF. Everyone likes a great chart, right? So to get the new year started on the right foot, take a minute
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By IMFBlog عربي, 中文, Español, Français, 日本語, Português, Русский In what seems like a blink of an eye, 2019 came and went. The frequency of events and developments left little time for contemplation, and, in many respects left more questions than answers. We covered some of these on IMFBlog, and we hope our analysis succeeded in
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Negative short-term interest rates have become an important component of monetary policy, with their introduction in Sweden in 2009 later followed by the European Central Bank and Bank of Japan, among others. By some estimates, $17 trillion worth of bonds now have negative yields. And with President Trump calling on the Federal Reserve to adopt
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By Kristalina Georgieva عربي, Español, 日本語, Português Over the past two decades, sub-Saharan Africa has made considerable economic progress: extreme poverty levels have declined by one third; life expectancy has increased by a fifth; and real per capita income has grown by about 50 percent on average. Yet, sub-Saharan Africa is still only half-way to meeting
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By Gita Gopinath, Gian Maria Milesi-Ferretti, and Malhar Nabar عربي, Español, 中文, Français, 日本語, Português, Русский Global growth this year recorded its weakest pace since the global financial crisis a decade ago, reflecting common influences across countries and country-specific factors. Rising trade barriers and associated uncertainty weighed on business sentiment and activity globally. In some cases
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By Marialuz Moreno Badia and Paolo Dudine Español, Português The new update of the IMF’s Global Debt Database shows that total global debt (public plus private) reached US$188 trillion at the end of 2018, up by US$3 trillion when compared to 2017. The global average debt-to-GDP ratio (weighted by each country’s GDP) edged up to
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By Damien Puy عربي, 中文, Español,  Français, 日本語, Português, Русский How do investors react to news? This question has been at the core of the financial research agenda for several decades. Now, two forces make this question even more pressing. First, innovations in information technologies have dramatically increased the reach of financial and economic news and
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Sveriges Riksbank is to partner with consulting firm Accenture to create a pilot version of its central bank digital currency (CBDC), the e-krona. The assignment is set to run for a year until December 2020. The brief is to develop a technical test platform with a user interface that allows, “for instance”, payments to be
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The introduction of retail central bank digital currencies (CBDCs) could bring with them a slew of issues for central banks, according to Anand Sinha, former deputy governor of the Reserve Bank of India (RBI).  Sinha believes much of the talk about retail CBDCs is currently “overhyped” since hardly any central banks are looking to introduce retail CBDCs at present.
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A coordinated approach from central banks is needed to understand the potential of a multicurrency central bank digital currency (CBDC), research from the Central Bank of Lithuania claims. In an extensive report detailing the progress of CBDC development around the world, the Baltic central bank says the “little researched idea” of a multi-currency CBDC “deserves more
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