Like Vladimir Putin, China's leader is so steeped in a narrative of victimhood and fearful of appearing weak that it is hard to imagine him ever leading China out of the mess he has created. He could well be remembered as the leader who squandered history's most remarkable economic success story.
about the country's increasingly worrisome trajectory, both at home and abroad.
Artificial IdiocyFrank Rumpenhorst/picture alliance via Getty Images
Following the latest banking crisis, monetary authorities should seriously consider how modern digital technologies could be used to avert such problems in the future. A central bank digital currency would both eliminate many barriers to financial transactions and end the risk of bank runs once and for all.
explains how central bank digital currencies would end bank runs and banks' excessive risk-taking.
坎布里奇——
美联储董事会最近采用了一项政策,银行监管者,即金融体系安全性和稳固性守护神,将对银行高管的薪资结构进行审视。其他国家也在考虑或采取类似的计划。但哪种薪资结构是监管者应该鼓励的呢?
一个被广泛接受的观点是,应该就长期结果对银行高管予以奖励。对短期结果进行奖励、甚至发奖金时负面影响便已显现,只会激励高管去承担过多的风险。
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