Tag Archives: Notes

The ECB launches its Target Instant Payment Settlement (TIPS) system, which facilitates instant money transfers between banks and allows end users connected to those banks to make instant retail payments across the Euro zone. Report in the FAZ. Last year’s report by Mehreen Khan in the FT. From the ECB’s website: TIPS was developed as an extension of TARGET2 and settles payments in central bank money. TIPS currently only settles payment transfers in euro. However, in case of demand other...

The ECB launches its Target Instant Payment Settlement (TIPS) system, which facilitates instant money transfers between banks and allows end users connected to those banks to make instant retail payments across the Euro zone. Report in the FAZ. Last year’s report by Mehreen Khan in the FT. From the ECB’s website: TIPS was developed as an extension of TARGET2 and settles payments in central bank money. TIPS currently only settles payment transfers in euro. However, in case of demand other...

On German TV, stand-up comedian Dieter Nuhr exposes the contradictions of calls for justice and equality that characterize much of the German public debate. His hour-long performance could well serve as a lecture in economics and ethics.

On German TV, stand-up comedian Dieter Nuhr exposes the contradictions of calls for justice and equality that characterize much of the German public debate. His hour-long performance could well serve as a lecture in economics and ethics.

At a conference in Singapore, IMF Managing Director Christine Lagarde has argued that [w]hile the case for digital currency is not universal, we should investigate it further, seriously, carefully and creatively. In her speech she emphasizes potential benefits related to financial inclusion; security and consumer protection; and privacy. (Privacy would be limited however.) She sees risks as well, including to innovation. But she de-emphasizes the notion of increased run risk which...

At a conference in Singapore, IMF Managing Director Christine Lagarde has argued that [w]hile the case for digital currency is not universal, we should investigate it further, seriously, carefully and creatively. In her speech she emphasizes potential benefits related to financial inclusion; security and consumer protection; and privacy. (Privacy would be limited however.) She sees risks as well, including to innovation. But she de-emphasizes the notion of increased run risk which...

The Riksbank has published the second e-krona project report (website). In a special issue of the Riksbank’s Economic Review, several authors discuss related issues. I will participate in a Riksbank panel in early December to discuss CBDC and the e-krona project.

The Riksbank has published the second e-krona project report (website). In a special issue of the Riksbank’s Economic Review, several authors discuss related issues. I will participate in a Riksbank panel in early December to discuss CBDC and the e-krona project.

Laurent Ruessmann and Jochen Beck, FieldFisher, 17 July 2018, International firms caught between US Iran sanctions and EU blocking statute. Several authors, Gibson, Dunn & Crutcher LLP, 9 August 2018, The “New” Iran E.O. and the “New” EU Blocking Sanctions—Navigating the Divide for International Business. The “primary sanctions” that limit U.S. companies and persons from engaging with Iran have on the whole never been lifted. The principal sanctions relief provided by the United...

Laurent Ruessmann and Jochen Beck, FieldFisher, 17 July 2018, International firms caught between US Iran sanctions and EU blocking statute. Several authors, Gibson, Dunn & Crutcher LLP, 9 August 2018, The “New” Iran E.O. and the “New” EU Blocking Sanctions—Navigating the Divide for International Business. The “primary sanctions” that limit U.S. companies and persons from engaging with Iran have on the whole never been lifted. The principal sanctions relief provided by the United...