An early stablecoin? The Bank of Amsterdam and the governance of money
This paper draws lessons on the central bank underpinnings of money from the rise and fall of the Bank of Amsterdam (1609-1820).
Financial institutions
Inside the regulatory sandbox: effects on fintech funding
Policymakers around the world are adopting regulatory sandboxes as a tool for spurring innovation in the financial sector while keeping alert to emerging risks. Using unique data for the UK, this paper provides initial evidence on the effectiveness of the world's first sandbox in improving fintechs' access to finance.
What can commercial property performance reveal about bank valuations?
We test whether commercial property performance, proxied by real estate investment trust (REIT) prices, can inform us about bank equity prices. Using data from the United States, the euro area and Japan, we show that REIT prices can predict bank equity prices.
The macro-financial effects of international bank lending on emerging markets
Banking flows to emerging market economies (EMEs) are a potential source of vulnerability capable of generating boom-bust cycles. The causal effect of such inflows on EME macro-financial conditions is hard to pin down empirically and should be key to well-informed policy design.
The dawn of fintech in Latin America: landscape, prospects and challenges
BIS Papers No 112 by Carlos Cantú and Bárbara Ulloa, November 2020. Fintech in Latin America is greeting the dawn. We take stock of how it is transforming financial services in the region.
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