The staggering rise of cryptocurrencies poses several challenges for governments and central banks. Some countries are moving to implement their own digital cash in response to this phenomenon. China’s introduction…
On September 7, 2021, El Salvador became the first country to introduce bitcoin as legal tender after swift approval of the law only three months prior. However, Salvadoran citizens, multilateral…
While financial secrecy is often associated with small island nations, the Pandora Papers implicate the United States as a popular global tax haven. The stakes in this issue concern both…
The pandemic has already widened the inequality between advanced economies (AEs) and emerging markets[1] (EMs). The rising interest burden in EMs, if unchecked, will divert precious fiscal resources…
To curb global warming, policies to green financial systems are proliferating across the globe. Based on their different political and economic systems, China, the European Union, and the United States…
US sanctions are hampering the efforts of Chinese firms to dominate high-end technology sectors. Instead of aiming at localizing the semiconductor supply chain, China should develop its capacity in areas…
Illicit financial flows significantly erode the tax base of resource-rich developing countries, which do not have the means to invest in public health, education, and sustainable development. In…
COVID-19 has unleashed geopolitical forces working to reposition supply chains within Asia. The Resilient Supply Chain Initiative between Japan, Australia, and India is spearheading the effort by incentivizing relocation. Several…
The Trump administration has left the Biden administration a number of difficult trade policy issues to deal with, but the biggest challenge is likely to be China. The…
Islamic Finance has mainly replicated conventional finance methods inefficiently. It has thrived during periods of high oil prices, which allowed recycled petrodollars to implicitly subsidize its inefficient modes. As petrodollar…
