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Europe's Policymakers Grapple With Soaring Natural Gas Prices

UK prime minister Liz Truss announced a price cap on natural gas to shelter households from the 80% increase scheduled for next month and more price resets slated for January and April 2023. ....

United Kingdom , Eric Winograd , European Central Bank , Energy Prices , Liz Truss , Tighter Boe Monetary , Indexed Energy Prices , Thomson Reuters Datastream ,

Maastricht values | VOX, CEPR Policy Portal


Agnès Bénassy-Quéré
The Maastricht fiscal architecture relies on limits on debt and the general government deficit. The reference values used are 3% for the deficit and 60% for the debt, both in terms of GDP. These reference values are not specified in the body of the Treaty. Instead, they are defined in an annexed Protocol. The expression “reference values” is used six times when defining the two criteria to be used by the European Commission when monitoring developments of public finances, with a view to identifying “gross errors” in the conduct of fiscal policy. These two reference values have no solid ground in either theory or empirical evidence. No such a claim was made at the time (or ever).  ....

United Kingdom , Adrian Peralta Alva , Lucio Pench , Maureen Burke , Alexandre Lamfalussy , Bergljot Barkbu , International Financial Statistics , Council Of The European Union , European Union , European Commission , Economic Policy Committee , Member States , Growth Pact , Maastricht Treaty , Delor Report , Global Financial Crisis , Mario Draghi , Thomson Reuters Datastream , Haver Analytics , Global Financial Data , Excessive Deficit Procedure , Member State , Ageing Report , Adrian Peralta , Discussion Paper , Maastricht Fiscal Criterion ,

CUHK Business School Research Finds FinTech Innovations Can Enhance the Stability and Profitability of Financial Institutions in Emerging Markets


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The rapid development of financial technology, also known as FinTech, in recent years has transformed how people use financial services. On the one hand, the increasing use of automation in banking services has brought with it greater convenience for consumers. On the flip side, the advent of new technological developments such as cryptocurrency, high frequency and algorithmic trading, the rise of the digital wallet or peer-to-peer (P2P) lending, are all examples of FinTech that have brought new challenges to traditional financial service providers to some extent. Given the disruptive influence of FinTech, it was only natural that a group of researchers sought to closely examine its effects on the stability of traditional financial institutions. What they found was that the result very much depended on the market. ....

Ying Yang , Chen Yulu , Derrick Fung , Jason Yeh , Ryan Lee , Ant Group , People Bank , Business School , Hang Seng University Of Hong Kong , World Bank , Chinese University Of Hong Kong , Deputy Governor , China Chen Yulu , Xinhua News , Associate Professor , Chinese University , Hong Kong , Divergent Effects , Financial Stability , Wing Yan Lee , Fei Lung Yuen , Hang Seng University , Thomson Reuters Datastream , யிங் யாங் , டெரிக் பூஞ்சை , ஜேசன் ஆமாம் ,