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Supply chain disruptions: shocks, links, and hidden exposure

BankUnderground

But how should exposure to foreign supply chains be measured? Using a global input-output database, this post shows that the full exposure of US manufacturing to foreign suppliers (especially China) is much larger than face value measures indicate. Here, we dig into the top suppliers of foreign inputs to US manufacturing.

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Words which travel the world: global spillovers of the Fed information effect

BankUnderground

It is certainly not a mystery that the Fed’s monetary policy is of great importance for financial markets and the global economy. However, in a recently published Staff Working Paper , we show that the Fed’s monetary policy measures are not the only valuable piece of information contained in the Fed’s announcements.

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Cloudy with a chance of tariffs: the impact of policy uncertainty on the global economy

BankUnderground

Average tariffs on goods traded between the US and China increased by 15 percentage points from early 2018 to 2019. Chart 1 shows two text-based measures of uncertainty produced by Baker, Bloom and Davis , which quantify newspaper coverage of economic and policy-related uncertainty. Chart 1: Uncertainty has risen since 2018.

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In Ireland, Banking Federation Promotes FinTech Foresight

PYMNTS

That group, according to the release , has been formed to help harness “new technical developments from the startup ecosystem” and help shape FinTech policy. The federation has 100 members firms and associates across its roster, including licensed domestic and foreign banks and institutions. Sandbox In India.

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People’s Bank Of China Plans To Manage Money Supply Growth

PYMNTS

Through its yearly financial stability report, the PBOC said, “Prudent monetary policy will remain neutral, (we will) keep the master gate of money supply under control, and maintain reasonable expansion of credit and aggregate social financing.”. ” The news comes as the PBOC cut its mandate for cash reserves that lenders must hold.

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Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. History offers policymakers and academics useful case studies that can serve as distant mirrors beyond the study of crises and policy responses to them. Monetary theory and policy in Medieval France. Nathan Sussman.

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For FinTech, The Age Of Big Bank Collaboration?

PYMNTS

In addition, Melissa Feldsher, who runs Finn by Chase , the mobile banking app made available by JPMorgan Chase, said that FinTech firms help solve pain points for consumers when it comes to banking. “We as large banks created a lot of those pain points for customers, and we did not make it easy to do business with us,” she said.

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