We are pleased to announce two new blog posts on the SUARA SEACEN Blog:
Is There a Case for Regulating Stablecoins?
by Jon Danielsson, Ashutosh Jaiswal and Rogelio Mercado, Jr.
The current regulatory approach to stablecoins varies significantly across jurisdictions, reflecting the asymmetric benefits enjoyed by reserve currency–issuing countries and the perceived risks faced by others. In this blog, we make the case for a proactive governance framework, complemented by prudent policy backstops, to mitigate the unintended and unforeseen accumulation of systemic risks—thereby avoiding reactive, knee-jerk interventions that could ultimately impose substantial costs on the public.
Click here to read.
Capital Flow Management during the Taper Tantrum
by Duvvuri Subbarao, Ashutosh Jaiswal and Donghyun Park
Capital flow management during extreme market volatility is a challenging task for any emerging market economy. Macroeconomic fundamentals may not always be supportive, and central banks may have to use an array of tools — nimbly, creatively and iteratively. Insights of a former Governor holds important lessons.
Click here to read.
