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Action Policy Digest December 2019

Autore :

Data: 08-12-2019

Tipo: Other

Tematica: Action Institute

Organized as a monthly newsletter, it presents an overview of the current international policy debate. You find below a selection of the best ideas from the most influential think tanks, structured in four areas: (i) Finance, (ii) Innovation and Development, (iii) European Affairs and (iv) Social Policy.
FINANCE

 “The aggregate and distributional effects of financial globalisation“. This column presents evidence suggesting that the gains in average incomes have been – at best – small, while increases in income inequality and the decline in the labour share of income have been significant. Financial globalisation thus poses far more difficult equity-efficiency trade-offs than free trade and should be at the centre of debates about how to make globalisation inclusive.

 

 “Crisis management for euro-area banks in central Europe“. Euro-area bank integration has decreased for the different national rules. Either a Single Resolution Board takes the lead for the entire banking group or independent local intervention schemes need to be developed for crisis resolution.

 

 “Central Bank Digital Currency and Fintech in Asia“. This book provides a thorough introduction and historical overview of the principles and practices of digital currency and fintech in Asia. It covers the theory of central bank digital currency and examines regulatory aspects, economic digitalization, financial inclusion, and the role of SMEs.

INNOVATION AND DEVELOPMENT

 “The next generation of digital currencies: in search of stability“. This Policy Contribution discusses two aspects: the implications of the rise of global private stablecoins, such as Facebook’s Libra, and the role that public central bank digital currencies could play.

 

 “Systemic consequences of outsourcing to the cloud“. Financial institutions are increasingly outsourcing information technology to the cloud, motivated by efficiency, security, and cost. This column argues that the consequence is likely to be short- and medium-term stability at the cost of the increased likelihood of catastrophic systemic events.

 

 “Risks and remedies for artificial intelligence in health care“. Artificial intelligence (AI) is rapidly entering health care and serving major roles, from automating drudgery and routine tasks in medical practice to managing patients and medical resources. As developers create AI systems to take on these tasks, several risks and challenges emerge: the risk of injuries to patients from AI system errors and the risk to patient privacy.

 

EUROPEAN AFFAIRS

 “Horizon Europe faces cut of €12B“. Horizon Europe rapporteur Christian Ehler gives MEPs on the ITRE committee first indication of how much the research programme is likely to be trimmed.

 

 “Options and national discretions under the Deposit Guarantee Scheme Directive and their treatment in the context of a European Deposit Insurance Scheme“. In the European Union, the Deposit Guarantee Schemes Directive adopted in 2014 sets out rules and procedures to ensure depositor protection and is a key step towards harmonisation of deposit insurance in the European Union.

 

 “Bank regulation in the European Union neighbourhood: limits of the ‘Brussels effect’”. The EU model of financial market regulation is increasingly copied by third countries. In this context, the EU’s efforts to promote its model beyond its borders should take into account the underdevelopment of financial markets in many partner countries, and the often insufficient capacity of regulators and supervisors.

 

SOCIAL POLICY

 “Policies for an ageing workforce“. Extending average working lives by 10 years while ensuring an adequate social safety net is a major policy challenge. Tackling this challenge involves delving into policy areas that range from working conditions, skills and lifelong learning, pensions, socio-economic inequalities in health and life expectancy to the design of a much broader agenda on active ageing.

Credit

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]

Health

Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]

Innovation

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]