archive of https://www.ft.com/content/fe474cff-564c-41d2-aaf7-313636a83e5b Kristalina Georgieva at the #IMF warns that we're probably in an #AI bubble. #news #finance
on 02025-10-08InfoBAE claims #Citrone convinced #Bessent to convince #Trump to bail out #Argentina at the #IMF. I’m skeptical. #USA #politics
on 02025-09-30#IMF Working #Paper No. 2024/085, on #Bitcoin cross-border flows. “The magnitudes of the estimated Bitcoin cross-border flows are sizeable with respect to several countries’ GDP, especially in those which experience relatively small capital flows. (...) Graf von Luckner et al. (...) find that Bitcoin has become an increasingly important channel to send remittances and evade capital controls in emerging markets [poor countries]. (...) LocalBitcoins flows are smaller in magnitude, reflecting that they capture transactions from a single exchange only. They can still be sizeable, however, for some countries with the upper quartile ranging from 0–1.7 percent of GDP on average over 2017–2022. It is worth noting that the distribution of Bitcoin cross-border flows is skewed to the right with the Seychelles registering the largest Chainalysis inflows of 2.5 percent of GDP followed by Venezuela with 0.8 percent of GDP and Moldova with 0.7 percent of GDP on average over 2019-2022. (...) As highlighted by IMF (2023a), policymakers aiming to manage capital flows should ensure that capital flow management regulations cover crypto assets. From a more structural perspective, it is certainly also important to address the [underlying] imbalances which manifest in exchange rate pressures, since the usage of crypto assets would represent just symptoms of the imbalances.” #toread
on 02024-07-28#IMF #economics: “Global Economy Approaches Soft Landing, but Risks Remain (...) Inflation continues to ease. Excluding Argentina, global headline #inflation will decline to 4.9 percent this year, down 0.4 percentage point from our October projection (also excluding Argentina).” Haha, ouch.
on 02024-03-05