The student debt crisis in the US originates in a mixture of policy failure and the expansion of private credit. These elements partly justify President Joe Biden’s decision to forgive $10,000 in student loan debt. Of course, there are unmistakable criticisms of the plan that are worth taking seriously. But Biden has taken a meaningful step towards alleviating the US’s massive student debt burden.
CBDCs present new opportunities for handling disputes and fraud By PayPal Central bank digital currency designs may involve intermediaries in new and different ways, or may not use them at all, calling into question how to address fraud if CBDCs become widely used.
Ninety years of blaming sterling upsets on malevolence of strangers By Meghnad Desai and David Marsh We warned you. On 4 August – a month before Liz Truss was voted UK prime minister after a ballot of Conservative party members – OMFIF carried this prediction: ‘If she wins, and enacts her promise of immediate tax cuts, the only safe prediction is that sterling will crash.’
ON DEMAND Combatting money laundering and payments risk in digital assets Elizabeth Severinovskaya, senior principal, and Lorena Rosero, principal at Promontory, join OMFIF to discuss the challenges of policing the increasingly popular digital asset ecosystem.
LATEST REPORT Absa Africa Financial Markets Index 2022 Now in its sixth year, the Absa Africa Financial Markets Index evaluates countries’ financial development based on measures of market accessibility, openness and transparency.
