Data and Indicators
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India’s Digital Payments: Growing Consumer Trust, but Merchants Needed
More than a year after the shock of demonetization, Indian consumers continue to adopt digital payments as an alternative to cash. Though overall transaction volumes remain small relative to cash, the growth of mobile payment products indicates growing trust. Recent successes in promoting new products could also point the way to greater merchant adoption, providing insight for India and a number of other countries transitioning to new payment technologies.
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Asian Banks Search for Yield Overseas
Asian bank profitability has been squeezed in recent years, driven to some extent by intense competition among the large number of banks in the region. To boost profitability, banks from some developed Asian economies have expanded operations into Southeast Asia by setting up branches and investing in local institutions. What began as a search for yield is likely to persist because banks’ strategies to increase profits align with their governments’ initiatives in the region.
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Regulating Initial Coin Offerings and Cryptocurrency Exchanges across Asia
Asian regulators clarified their stances on initial coin offerings and cryptocurrency exchanges this past year as public interest in both has skyrocketed. Some of the same qualities that attract investors to cryptocurrencies make them susceptible to money laundering and fraud. Regulators have acted to protect investors and their financial systems in steps ranging from banning ICOs and cryptocurrency exchanges to implementing licensing requirements ensuring new currencies and products face the same scrutiny as existing ones.
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The Rate of Return on Everything
Over the past 150 years, the wealth of nations has grown faster than their economies. Which investments experienced the highest returns? The answer may surprise you.
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China’s Household Credit Boom
China’s rapid credit growth has generated increasing concern over the past several years. Recent regulatory action and debt restructurings have slowed the pace of corporate debt build-up, but new risks are emerging as Chinese households lever up. On the whole, continued increase in household credit is aligned with China’s efforts to rebalance its economy towards consumption, but the fast growth of the sector warrants close monitoring.
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Do Tech Jobs Really Require a College Degree?
Bachelor’s degree preferred: Is the common job listing prerequisite actually necessary for a career in the technology industry? Laurence Bradford, founder of the popular Learn to Code With Me blog and podcast, says it depends.
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Mapping Asia’s Biggest Overseas Investors
One of the striking trends in recent economic history is Asia’s growing importance in global investment flows. Over the past two decades, the region emerged as a large net creditor to the rest of the world. The net position, however, does not necessarily tell the entire story. A deeper examination of Asia’s overseas assets reveals the differences in how Asian economies invest abroad.
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Digital Currencies May Take off in Japan
Not long ago, Japan was at the cutting edge of digital payments. Japanese consumers could make payments by phone as early as 2001, a decade earlier than in the United States. Despite this early lead in payment technology, visitors to Japan today often note the remarkable persistence of cash. In this context, Japanese banks are launching digital currencies, while changes to regulation in China have made Japan a hub for bitcoin trading. These trends could renew Japan’s role as a leader in payments innovation.
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Reports of the Death of Cash are Greatly Exaggerated
More payments are being made with a click, a tap, or a swipe, and it feels like we’re carrying fewer notes and coins than ever before. Many believe that the days of cash are numbered, but what do the data say?
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A Job Is Not Enough
It’s becoming increasingly clear that, when it comes to financial stability, simply having a job is not enough.