El Analista Económico-Financiero

Lower for Longer: Rising Vulnerabilities May Put Growth at Risk ( IMF Blog ). Reducing the risk of wholesale payments fraud related to endpoint security: a toolkit ( BIS ). Data breaches hurt the economy but not so much the average company ( LSE Business Review ). The climate risk you may not be thinking about ( McKinsey ). 'I'm standing right here in the middle of climate change': How USDA is failing farmers ( Politico ). BIS international banking statistics at end-June 2019 ( BIS ).

I. Análisis Económico: La evolución del PIB de los países de la UE desde 2008: análisis comparativo ( Funcas Blog ). An investigation of the root causes of the Greek crisis: The Greek crisis is typically seen as a sovereign debt crisis. Using a new dataset, this column explores the dynamics of national wealth accumulation in Greece over the past two decades. It argues that, despite certain idiosyncrasies, the Greek crisis can be better characterised as a balance of payments crisis. This implies that Greece shouldn’t be seen as an outlier amongst the periphery Eurozone countries ( VOX ). II. Economía del Comportamiento: Behavioural economics: What we know and how it could be mainstreamed. Behavioural economics has identified phenomena that standard models could not explain. But its critics warn that it is becoming little more than a ‘pile of quirks’. This column argues that the future development of behavioural economics should focus on a streamlining process that

My recommended end of week morning reads: Equal- vs. Market Cap-Weighted Portfolios in Stock Market Crashes ( Enterprising Investor ). How cloud computing could transform risk management ( McKinsey ). Climate Risk for Banks ( The Big Picture ). To fight cybercrime, we need to understand its economics ( WEF ). You may also be interested in  The anatomy of cyber risk ( VoxEU ). Finally, an ebook: Fostering FinTech for Financial Transformation: The Case of South Korea ( VoxEU ). Feel free to follow me on Twitter

Digitalisation of money and the future of monetary policy. The digitalisation of money has the potential to change traditional structures of the financial system. This column discusses four areas in which it may have an impact, and argues that while digitalisation will not erode the importance of central banks, banks could be massively challenged by new forms of intermediation ( VOX ). Navigating the fintech landscape with a customer-market-competition matrix.   The new framework will help leaders identify the right type of strategy to solve a financial services business problem  ( LSE Business Review ). Payment disputes in banking: A pathway to deeper customer relationships.   Transforming the dispute-resolution process can provide banks with an opportunity to solidify bonds with their customers while driving down costs  ( McKinsey ). Blockchain beyond the hype: What is the strategic business value? Companies can determine whether they should invest in blockchain by focu

Sin lugar a dudas, el Covid-19 nos ha transformado la forma de vida, como se señalaba en el post sobre neologismos en tiempos de coronavirus , podemos ya referirnos a cómo eran las cosas antes del coronavirus y después del coronavirus. La primera visualización del día de hoy, nos muestra como el coronavirus ha transformado la manera en que gastamos nuestro dinero. Fuente: The Big Picture A la izquierda, en color naranja tenemos los items que antes gastabamos y ahora gastamos menos. Donde destacan los cines, las aerolíneas, el alojamiento, los gimnasios., en el primer cuadrante (de -100 a -50 por ciento). En un segundo cuadrante (de -50 a 0 por ciento) tenemos las donaciones a la caridad, la comida rápida y el gasto en dispositivos móviles. Moviéndonos del centro hacia la derecha, en color verde tenemos los items que se gasta más. En un tercer cuadrante (de 0 a +50 por ciento) tenemos el gasto realizado en supermercados y clubes de almacenaje; los negocios que venden artícu

Actualmente existe la fiebre por la ciencia de datos, donde el poder computacional y las herramientas libres y gratuitas marcan una diferencia con los análisis de datos hasta hace 5 años. El siguiente artículo nos habla de cómo los nuevos modelos de predicción y los datos oportunos llevan a mejores decisiones sobre las políticas públicas ( Ideas que cuentan ). La siguiente lectura, tiene relación con la recomendación anterior, ya que se trata sobre la privacidad de los datos y las políticas públicas. Donde se presenta un resumen de un análisis comparativo entre nueve países de las aplicaciones de rastreo de contactos durante la pandemia por covid-19 ( VoxEU ). Hace como 5 años, yo ya hablaba sobre la importancia de evaluar el impacto económico derivado de los ciber riesgos en los modelos de gestión de riesgos, sin embargo, muchos me respondían que eso no entraba en la gestión de riesgos y que era una cuestión exclusiva del campo de la informática. Desde hace un par de años, se empez

Source: Marketwatch My recommended financial reads for this week... Risk Management: The Basel Framework:   Frequently Asked Questions ( BIS ). Model risk at central counterparties: Is skin-in-the-game a game changer? ( BIS ). Debt De-risking ( BIS ). Amid volatile commodity prices, beware of cognitive bias ( McKinsey ). Banking imperatives for managing Climate Risk ( McKinsey ). A new approach to quantifying, reducing, and insuring Cyber Risk: Preliminary analysis and proposal for further research ( VoxEU ). Digital Currencies: Designing central bank digital currencies ( VoxEU ). Central bank digital currency: the devil is in the details ( LSE Business Review ). Finally, The Half-Life of Financial Knowledge: Glorification of Change vs. Innovative Specialization ( CFA Institute ).

Digital Economy: Artificial intelligence and the stability of markets ( VOX ). Next-generation analytics meets first principles ( McKinsey ). Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland and Most Countries In Africa ( Power Compare ). Tech Firms: Which tech stocks beat Facebook, Amazon and Netflix this year? ( Recode ). Meet China’s social media giant: Everything you need to know about Tencent ( WEF ). Alibaba-Backed Paytm Aims to Become World's Largest Digital Bank ( Bloomberg ). Cybersecurity and Cyber Risks: Hackers Now Have Incredibly Sophisticated Ways to Breach Banks' Defenses ( Bloomberg ). Hacking the market: Systemic contagion from cybersecurity breaches ( LSE Business Review ).

Cyber risk measurement and the holistic cybersecurity approach ( McKinsey ). Cybersecurity and the risk function ( McKinsey ). External sector statistics: current issues and new challenges ( BIS ). Global banking, local stress: How multinational banks transmit shocks ( VOX ). Global uncertainty is rising, and that is a bad omen for growth ( VOX ). Pockets of risk in European housing markets ( VOX ). Sleepwalking towards the next financial crisis? Here are the five biggest risks ( The Conversation ). Stress-testing banks - a comparative analysis ( BIS ). The advanced-analytics solution for monitoring conduct risk ( McKinsey ).

RISK: Bankers’ liability and risk taking. In order to protect the financial system from excessive risk-taking, many argue that bank managers need to have more personal liability. However, whether the liability of bank managers has a significant effect on risk-taking is an open question. This column studies a unique historical episode in which similar bankers, operating in similar institutional and economic environments, faced different degrees of personal liability, depending on the timing of their marriages, and finds that limited liability induced bankers to take more risks ( VOX ). Basel III monitoring results published by the Basel Committee ( BIS ). Value and resilience through better risk management. Although the risk environment is growing more perilous and costly, leading companies are blazing a path to resilience and value by embedding strategic risk capabilities throughout the organization ( McKinsey ). Estimating Cyber Risk for the Financial Sector ( IMF B

Basel Committee publishes updated Basel III disclosure requirements ( BIS ). BIS Quarterly Review, December 2018 ( BIS ). Cyber-resilience: range of practices ( BIS ). Drivers of commodity price booms and busts in the long run ( VOX ). Insights into the 2019 individual exchange market ( McKinsey ). Leverage-induced fire sales and stock market crashes ( VOX ). News does explain yield curve changes ( VOX ). Real World Application of Behavioral Economics ( The Big Picture ). The New Risks in Risk Regulation ( Project Syndicate ). The Uneven Path Ahead: The Effect of Brexit on Different Sectors in the UK Economy ( IMF Blog ).