Monetary policy and happiness

BankUnderground

So it follows that monetary policy decisions can affect happiness too. In a recent working paper we use a novel approach to assess how the unprecedented loosening in monetary policy in response to the 2008 global financial crisis affected the well-being of UK households.

Le Pont de Londres: monetary policy spillovers, prudential policies and the financial centre effect

BankUnderground

So can recipient countries employ prudential policies to offset monetary policy changes in centre countries? Many people (most notably Hélène Rey’s 2013 Jackson Hole paper ) have advocated taking macroprudential policies to offset this destabilising effect.

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PayPal Changes Seller Refund Fee Policy

PYMNTS

While the company had rolled back the policy in April, it has decided to reinstate collecting the initial 2.9 Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge. “In In line with industry practice, and according to our updated policy, we do not charge fees to process refunds, but when a seller refunds a transaction to a buyer, the fees originally paid will not be returned to the seller.

Revisiting the New Keynesian policy paradoxes under QE

BankUnderground

This fact has motivated new research to understand, both theoretically and empirically, the impact of monetary policies when the nominal policy rate is at the ELB. Policy paradoxes at the effective lower bound of short-term rates. Policy implications.

Amazon Go policy shift seen as response to legislative pushback

Mobile Payments Today

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S. and global societies

There’s Probably An Insurance Policy For That

PYMNTS

Because as a little bit of research quickly indicates, there is nothing too outlandish, unprecedented or unusual that an insurance agent can’t figure out a policy for it. What do these policies cover?

InsurTech B2Z Debuts Small Business Policy Suite

PYMNTS

Online business insurance company B2Z Insurance has rolled out a new suite of insurance policies for small- to medium-sized businesses (SMBs), including a business owners policy, cyber insurance and more, according to a press release.

Uncertainty and voting in monetary policy committees

BankUnderground

The right stance for monetary policy is highly uncertain, and so it is no surprise that members of monetary policy committees – like the Bank of England’s Monetary Policy Committee (MPC) – regularly disagree about the best course of action. Alastair Firrell and Kate Reinold.

Why the Fed should reengineer its monetary policy

American Banker

Economic indicators Monetary policy Federal Reserve

Monetary Policy Transmission: Borrowing Constraints Matter!

BankUnderground

How does the transmission of monetary policy depend on the distribution of debt in the economy? Our findings also suggest that the overall impact of monetary policy partly depends on the behaviour of house prices, and might not be symmetric for interest rate rises and falls.

FDIC Updates Statement of Policy on MDIs

ABA Community Banking

The FDIC board today voted to approve an update to its policy statement on minority depository institutions. The statement of policy describes the FDIC’s actions to promote the preservation of MDIs and enhance communication between the agency and minority-owned and managed institutions.

FDIC 52

Public policy can't slow distributed finance

Payments Source

Blockchain Digital payments Cryptocurrencies

EU Shakes Up Digital Policy To Get Competitive In Tech

PYMNTS

The proposed plan to revamp the region’s digital market policy also includes measures to limit data control by Google, Facebook, Amazon and other Big Tech firms. Europe Big Tech data digital policy EU European Commission News What's Hot

IBM Announces Policy Lab To Help Ensure ‘Trustworthy’ Tech

PYMNTS

With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. Leclerc is also chairman of the Software Alliance’s Europe, Middle East and Africa Policy Committee.

TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities

PYMNTS

TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported.

Visa Has Not Changed Bitcoin Purchase Policies

Bank Innovation

EXCLUSIVE—Payment processor Visa has not changed any policies related to the purchasing of bitcoin, the company told Bank Innovation. The company still allows Visa cardholders to make cryptocurrency purchases with “credit, debit, and certain prepaid Visa products,” it said in a statement. This follows reports that Visa, alongside other credit card networks, changed how cryptocurrency […].

Should Your Bank Have A Workplace Vaccine Policy?

Banker to Banker

With FDA approval and the first shipments of the COVID-19 vaccine start to hit our communities this week, the question comes up over should banks have a policy around if the vaccine should be mandated, recommended, supported, and acknowledged in the workplace?

ECB Policy Maker Says Banks Must Find Libra Alternatives

PYMNTS

A European Central Bank (ECB) policy maker is urging banks in the area to find alternatives to Facebook’s proposed cryptocurrency Libra, according to a report by Bloomberg. Cryptocurrency cryptocurrency european central bank Libra monetary policy News What's Hot

Know Differences Between Corona Kavach Policy And Corona Rakshak Policy

BankBazaar

Corona Kavach Policy or the COVID Standard Health Policy will be mandatorily offered by all general and Health Insurance companies. Life Insurance companies cannot offer this policy. On the other hand, one can approach any insurer to buy the Corona Rakshak Policy.

Privacy Policy

Fenero

privacy policy terms of serviceGeneral.

European Central Bank Solidifies Monetary Policy Decisions

PYMNTS

The European Central Bank (ECB) held this year’s first monetary policy meeting, and said in a statement on Thursday (Jan. The central bank’s governing council said that Eurozone interest rates will stay at record lows, as would other policies instituted during the pandemic.

Ticketmaster Under Fire Over Refund Policy

PYMNTS

As the COVID-19 pandemic forces cancellations and postponements of events amid lockdowns, Ticketmaster is being criticized over its refund policy. He said its new refund policy is making it harder for customers to get their money back.

Virginia On The Cutting Edge Of US Data Protection Policies

PYMNTS

Testifying in favor of the proposed law was Microsoft Senior Director of Public Policy Ryan Harkins. “We’ve Merchants now have to watch data protection policies wherever they do business.

CFPB Updates Policy For Civil Investigative Demands

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. As a result of the policy changes, CIDs will now provide more information about the laws that might have been violated, as well as specify the activities subject to the CFPB’s authority. CFPB Civil Investigative Demands investigation law enforcement News policy violation What's Hot

FTC Report Faults Apple’s Repair Policies As Anti-Competitive

PYMNTS

The antitrust suit brought by the European Union comes from Spotify’s complaints about Apple’s App Store policies. Apple was called out in a U.S.

Google India Boots Loan Apps Breaking Safety Policies

PYMNTS

The apps that were found to violate our user safety policies were immediately removed from the Store, and we have asked the developers of the remaining identified apps to demonstrate that they comply with applicable local laws and regulations,” Google India said in a Thursday (Jan.

Choosing from a varied toolkit: assessing China’s overall policy stance

BankUnderground

This post examines how policy in China supported the Chinese economy prior to the Covid-19 pandemic, drawing on a newly developed toolkit. This post attempts to paint a clearer picture of Chinese policy by assessing key policy levers and their effects on growth. Fiscal policy.

The EU’s policy on FinTech competition is …

Chris Skinner

Also released last week, the EU document has a different focus to the US one, which allowed national FinTech charter bank licenses to be … The post The EU’s policy on FinTech competition is … appeared first on Chris Skinner's blog. I cannot post a 222-page PDF from the US Government on FinTech and competition without also posting a 136-page PDF from the European Commission on FinTech and competition.

The birds, the bees and the Bank? The birth-rate channel of monetary policy

BankUnderground

In total, we estimate that monetary policy increased the birth rate in the following three years by around 7.5%. Thus, when the Bank of England lowered its policy rate 4.5 Policy implications. Fergus Cumming and Lisa Dettling. Children are expensive.

New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft.

Amazon Effect Hits Central Bank Monetary Policy

PYMNTS

For monetary policy and those interested in inflation dynamics, the implication is that retail prices are becoming less ‘insulated’ from these common nationwide shocks,” Cavallo wrote in the paper. The aforementioned impact of shorter-duration pricing at retailers has implications for monetary policies, according to Bloomberg, as automatic adjustments to what are known as external shocks means that interest rate adjustments by the central bank may lose potency.

Buy Now/Pay Later carries myriad challenges for return policies

Payments Source

Any failure by retailers to fully and effectively execute on all post-purchase business requirements and that promise will quickly turn to pain, says Inmar Ingellince's Ken Bays. ]]. Risk Credit Payment processing Merchant

How does monetary policy affect firms?

BankUnderground

We focus on firm level employment and ask which firms do the most hiring and firing when monetary policy adjusts. Furthermore, do these patterns of responses tell us something about how monetary policy affects the economy? Saleem Bahaj, Angus Foulis, Gabor Pinter and Paolo Surico.

Microsoft, Facebook Express Frustration With Apple’s Gaming App Policies

PYMNTS

Microsoft and Facebook are grumbling publicly about fellow tech giant Apple ‘s policies restricting access to coveted slots in its App Store, as well as the access given to iPhone and iPad users.

China’s Xi Calls For Greater Economic Policy Coordination For G20

PYMNTS

Xi asked for a global effort to fortify the coordination of macroeconomic policy and bolster the G20’s role in economic governance. In his first speech since U.S.