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.

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.

This blog is written by NIESR Fellow Huw Dixon. Any opinions expressed in the paper are those of the author, and do not necessarily reflect the views of the Institute
 
 
Summary
The CPIH measure of inflation has increased to 0.7% in September 2020, from its August level of 0.5%. The CPILW decreased slightly to 0.9% from the August value of 1.0%.

The outcome of the Brexit referendum caught financial markets by surprise, resulting in sharp moves in market prices. But what do those moves tell us about the underlying economic impacts?